Luisa Beltran

THL-backed HighTower to buy Salient Private Client

HighTower, a portfolio company of Thomas H. Lee Partners LP, has agreed to buy Salient Private Client, the wealth management business of Salient Partners LP. Financial terms weren’t announced. Salient Private Client, of Houston, provides wealth management for individuals, families and foundations.

Greubel joins Paine Schwartz Partners

Rick Greubel has joined Paine Schwartz Partners LLC as an operating director. Greubel is the former president of Monsanto Brazil.

Mumford joins Angeles Equity Partners

Angeles Equity Partners LLC said April 17 that Martin Mumford has joined the firm as an operating partner. Jarret Rutstein has also joined Angeles Equity as an associate.

Castle Harlan buys Exterran unit

Castle Harlan said April 17 that it agreed to buy the North American production equipment manufacturing assets of Exterran Corp. Financial terms weren’t announced. The new company, called Titan Production Equipment, will design, engineer and make oil and gas production equipment used to separate, process and treat hydrocarbon streams at the wellhead, gathering and processing stages of production.

Volpi Capital Fund I raises 184 mln euro

Volpi Capital said April 17 that its debut fund closed on its 185 million euro ($228.9 million) hard cap. Volpi Capital Fund I will invest in information and tech-enabled services companies in Europe.

Alvarez & Marsal promotes Liebman

Alvarez & Marsal said April 13 that it named Marc Liebman, managing director, to the role of co-head of the western region for its North American restructuring practice, effective at the beginning of this fiscal year.

Parsley Health raises $10 mln

Parsley Health has raised $10 million in funding led by FirstMark Capital, according to a blog post. Participating investors include Dr. Mark Hyman, director of the Cleveland Clinic Center for Functional Medicine, as well as Amplo, Trail Mix Ventures, Combine and The Chernin Group. The founders of companies including Casper, Warby Parker, Flatiron Health, Bumble and WTRMLN Water also took part in the round. Parsley Health, of New York, aims to redefine primary care with a root cause and whole-person approach.

May River buys The Dickson Co

May River Capital has closed its buy of The Dickson Co. Financial terms weren’t announced. Dickson, of Addison, Illinois, designs and makes T&M instrumentation, focused on environmental conditions, such as data loggers, chart recorders, indicators and sensors, as well as related software tools and services. NXT Capital provided the debt financing. Paul Hastings LLP served as legal counsel to May River, while Burke, Warren, MacKay & Serritella PC served as legal counsel to the company and its shareholders. EC Mergers & Acquisitions provided financial advice to the company and its shareholders.

Arsenal Capital buys majority of Fralock

Arsenal Capital Partners said April 17 that has acquired a majority stake in Fralock. Financial terms weren’t announced. Fralock, of Valencia, California, is a specialty materials company that designs, engineers, and makes components and subassemblies for companies in the semiconductor equipment, life science, aerospace, and satellite industries. FocalPoint Partners LLC acted as financial adviser, and Sheppard Mullin Richter & Hampton LLP acted as legal adviser to Fralock. Houlihan Lokey was financial adviser, and Kirkland & Ellis LLP was legal adviser to Arsenal.

Vista buys Logic Monitor from Providence

Vista Equity Partners has agreed to buy Logic Monitor. Financial terms weren’t announced. Providence Strategic Growth , the lower middle market affiliate of Providence Equity Partners, is the seller. PSG will retain a minority. LogicMonitor provides a SaaS-based monitoring platform for hybrid IT infrastructures and cloud services. William Blair provided financial advice to LogicMonitor, while Evercore advised Vista. Weil, Gotshal & Manges LLP served as legal adviser to PSG and LogicMonitor. Kirkland & Ellis served as legal adviser to Vista.