Luisa Beltran

Blackstone exits SeaWorld

Zhonghong Zhuoye Group Co Ltd has closed its buy of a 21 percent stake in SeaWorld Entertainment Inc at a price of $23 a share or about $449 million. Blackstone Group was the seller. The deal was announced in March. SeaWorld, of Orlando, Florida, is a theme park and entertainment company.

H.I.G. Realty Partners III raises $593 mln

H.I.G. Realty Partners, the real estate affiliate of H.I.G. Capital, has closed its latest fund with $593 million in aggregate capital commitments. The target for H.I.G. Realty Partners III was $500 million. The pool will invest in small to mid-cap properties in the United States.

Ares buys DC380 logistics warehouse from Commerz Real AG

Ares Management LP said March 9 that it has acquired the DC380 logistics warehouse from Commerz Real AG. Financial terms weren’t announced. DC380, of Harlow, England, is a 389,444-square-foot distribution warehouse with office space. Berwin Leighton Paisner and DTRE advised Ares.

North Sky's Clean Growth Fund IV raises $63 mln

North Sky Capital has closed its latest fund at $63 million, above its original $50 million target. Investors of Clean Growth Fund IV include foundations and family offices. The pool targets investments that create environmental and social benefits like renewable energy, resource efficiency and job creation. North Sky’s latest clean energy infrastructure fund, Alliance Fund II, raised $240 million earlier this year.

Wells Fargo puts insurance brokerage up for sale: Bloomberg

Wells Fargo & Co is exploring a sale of its insurance brokerage business which could sell for about $2 billion, according to Bloomberg. The lender has reached out to private equity firms to gauge their interest in Wells Fargo Insurance Services USA Inc, the story said. Wells Fargo is cutting costs and exiting businesses where it doesn’t get the best returns on investment to boost profit, Bloomberg said.

PE HUB First Read

To start off your morning, Uber is hiring prominent AI researcher Raquel Urtasun, Amazon will control 71 percent of voice-controlled speaker market this year, and Richard Simmons sues National Enquirer, Radar Online and American Media Inc.

L2 Capital buys Associates in Medical Physics, Radiation Management Associates

L2 Capital said May 8 that it completed its buy of Associates in Medical Physics LLC and Radiation Management Associates LLC. Financial terms weren’t announced. The companies provide medical physics staffing and support services throughout the United States.

Falcon Computing raises $8 mln

Falcon Computing Solutions said May 8 that it raised $8 million in financing led by Intel Capital. Also participating in the round were all prior Falcon investors including Baidu Ventures and Clear Ventures, as well as SV Tech Ventures and Sierra Ventures. Falcon, of Santa Clara, California, provides acceleration technology and solutions for big-data applications.

Flex Logix Tech raises $5 mln

Flex Logix Technologies Inc said May 8 that it raised $5 million in Series B equity financing led by Lux Capital and Eclipse Ventures. The Tate Family Trust also participated. Flex Logic, of Mountain View, California, supplies embedded FPGA IP and software.

SiFive raises $8.5 mln

SiFive said May 8 that it has raised $8.5 million in a Series B round led by Spark Capital. Osage University Partners and existing investor Sutter Hill Ventures also participated. SiFive, of San Francisco, is a fabless provider of open-source-enabled semiconductors.