Luisa Beltran

TouchBistro raises $12.1 mln

TouchBistro said May 31 that it raised C$16.3 million ($12.1 million) in Series C funding led by Napier Park Financial Partners and Recruit Holdings Co Ltd. Existing investors including BDC IT Venture Fund, Relay Ventures and Kensington Capital Partners also participated. TouchBistro is an iPad mobile point of sale app for restaurants.

FTV Capital return on CardConnect stake said to be 6x to 7x overall

Saluda Medical Pty raises $40 mln

Saluda Medical Pty Ltd said May 30 that it raised A$53 million ($40 million) in financing led by Action Potential Venture Capital. Existing investors, including Medtronic PLC, also participated in the round. Saluda Medical, of Bloomington, Minnesota, is a medical device company.

Sirius International buys International Medical Group from ABRY

Sirius International Insurance Group Ltd said May 26 that it acquired International Medical Group. Financial terms weren’t announced. ABRY Partners, the seller, will own about six percent of Sirius's common shares following the transaction. International Medical Group provides medical insurance products and assistance services.

AB Tasty raises $17 mln

AB Tasty said May 30 that it raised a $17 million Series B round from Korelya Capital and Partech Ventures. Also participating were previous investors Xange Private Equity and Omnes Capital.

Peetz joins Frazier Life Sciences team

Frazier Healthcare Partners said May 30 that Chris Peetz has joined the Life Sciences team as an Entrepreneur-in-Residence. Peetz most recently served as CFO and head of corporate development at Frazier portfolio company Tobira Therapeutics.

First Data to buy CardConnect for $750 mln

First Data Corp said May 29 that it agreed to buy CardConnect for $15 a share or $750 million. CardConnect, of King of Prussia, Pennsylvania, is a payment processor. Allen & Company LLC provided financial advice to First Data and Weil, Gotshal & Manges LLP acted as its legal advisor. Financial Technology Partners LP served as financial advisor to CardConnect, while Wachtell, Lipton, Rosen & Katz acted as CardConnect’s legal advisor.

PE HUB First Read

To start your Tuesday morning, we have news on Card Connect's sale to First Data, the NYSE seeks to change its rules to allow companies to list without raising money, and Tiger Woods blames medication for his early morning DUI.

Payless probing whether dividends contributed to bankruptcy: CFO

Payless ShoeSource, which filed for bankruptcy protection last month, is investigating whether its private equity owners have contributed to the company’s financial demise, CFO is reporting. Golden Gate Capital and Blum Capital Partners acquired Payless in 2012. Since the acquisition, the PE firms have received more than $350 million in debt-funded dividends from Payless, the story said. Payless filed Chapter 11 on April 4 with $838 million of debt. Payless creditors’ committee said the dividends paid to the PE firms was funded by the same secured debt that drove the debtor’s bankruptcy filing, CFO said.

FTC clears Lion Capital to invest in Lenny & Larry's