Luisa Beltran

Crestview Partners launches Congruex

Crestview Partners is launching Congruex, a platform that will provides design, engineering, construction and maintenance services to broadband network and utility operators. Crestview and Congruex’s management have committed to invest up to $200 million equity to the deal which, including debt and rolled equity from the target companies, is expected to total $500 million. Bill Beans and Kevin O’Hara will lead Congruex. Lazard Middle Markets advised Congruex.

HP-Ventures leads $15 mln round for Vera

Vera said May 9 that it raised $15 million in a strategic investment led by Hasso Plattner Ventures (HP-Ventures). Also participating were existing investors Battery Ventures, Sutter Hill Ventures, Clear Venture Partners, Amplify Partners, Capital One Ventures and Leslie Ventures. Vera, of Palo Alto, California, is a data security company.

Levine Leichtman exits Champion Manufacturing

Levine Leichtman Capital Partners said May 9 that it has completed the sale of Champion Manufacturing Inc. It did not disclose the buyer. Champion, of Elkhart, Indiana, makes medical seating products. BMO Capital Markets served as lead financial advisor, SunTrust Robinson Humphrey served as co-financial advisor, and Vedder Price served as legal advisor to Champion in connection with the sale.

Care Advantage buys Stay at Home Personal Care

Care Advantage, a portfolio company of BelHealth Investment Partners, has acquired Stay at Home Personal Care. Commonwealth Senior Living is the seller. Stay at Home provides inhome non-skilled personal care services.

Sequoia leads $10 mln round for Remix

Remix said May 9 that it raised a $10 million Series A round of financing led by Sequoia Capital. Aaref Hilaly, a Sequoia partner, has joined Remix’s board. Remix, of San Francisco, provides a planning platform for public transit.

Long Ridge Equity invest $42 mln in Broadway Technology

Long Ridge Equity Partners has invested $42 million into Broadway Technology LLC for a minority take. Broadway Tech provides high-performance software for global financial institutions. Per-Arne Weiner, Chris Hastings and Steve Dana of Signal Hill advised Broadway Technology.

Kohlberg & Co launches Spectrum Plastics Group

Kohlberg & Co said May 9 that it has closed its buy of Pexco and merged it with portfolio company, PPC Industries, which also includes Kelpac Medical. The new company, called Spectrum Plastics Group, designs and makes custom and specialty plastics products focusing on niche, high value-added end markets, including medical, food and industrial applications.

HGGC buys etouches

HGGC said May 9 that it has closed its buy of etouches. Financial terms weren’t announced. Etouches, of Norwalk, Connecticut, provides cloud event management software. Etouches prior owners and senior management have re-invested their equity and will have a minority of the company. Kirkland & Ellis LLP served as legal counsel, PricewaterhouseCoopers LLP acted as financial and tax advisor, and Jordan Edmiston Group acted as a buy-side advisor to HGGC.

Dropoff raises $8.5 mln

Dropoff said May 8 it raised $8.5 million in Series B funding led by Fulcrum Equity Partners. Other participants of the round include Series A investors such as Greycroft Partners and Correlation Ventures. Dropoff, of Austin, provides same-day delivery services to businesses.

BC Platforms raises $9 mln

BC Platforms said May 9 that it has closed a $9 million financing round led by Debiopharm Innovation Fund in conjunction with Tesi. BC Platforms' existing investors supported the round. BC Platforms, of Basel, Switzlerland, provides genomic data management solutions.