Luisa Beltran

PE said to vie for $905 mln Capita asset-services sale

KKR to invest $150 mln in Pandora

KKR is investing $150 million in Pandora. The deal calls for KKR to buy an aggregate of $150 million in a new designated Pandora Series A convertible preferred stock. KKR can increase the deal to a total of $250 million in Pandora stock. The Series A preferred stock is convertible into common stock, cash or a combination thereof at a conversion price of $13.50 per share. Pandora, of Oakland, California, is a music streaming and automated music recommendation service.

GenNx360 Capital sells Truck Bodies and Equipment for $270 mln

GenNx360 Capital Partners said May 8 that it has agreed to sell its portfolio company, Truck Bodies and Equipment International, to Federal Signal Corp for $270 million, subject to post-closing adjustment. Truck Bodies, of Hoover, Alabama, makes dump truck bodies and trailers.

Apex International Energy add Gilmore, Saba

Apex International Energy said May 8 that appointed Willis "Trey" Gilmore as vice president of corporate reservoir engineering in Houston and Raed Saba as deputy general manager and exploration manager in Cairo. Apex International, an oil and gas exploration and production company focused on Egypt, is backed by Warburg Pincus.

Revolution Prep raises $4 mln

Revolution Prep said May 8 that it closed a $4 million round of funding led by Kennet Partners. Revolution Prep, of Santa Monica, is an education software and services provider.

New Mountain buys OneDigital Health and Benefits

New Mountain Capital LLC has acquired a majority of OneDigital Health and Benefits. Financial terms weren’t announced. Fidelity National Financial Ventures is the seller. OneDigital, of Atlanta, is an employee benefits-only company. TripleTree advised OneDigital.

H.I.G. exits Brand Addition

H.I.G. Capital said May 8 that it has sold Brand Addition to Elysian Capital. Financial terms weren’t announced. Brand Addition, of the U.K., is a promotional merchandise company.

SimpleReach raises $9 mln

SimpleReach said March 8 that it raised $9 million in funding led by Spring Mountain Capital. SimpleReach, of New York, is a content data platform. SimpleReach also said that Hal Muchnick was named its new chief executive. Edward Kim, the company’s founder who has served as CEO since 2010, will become executive chairman.

Artemis Health raises $8.3 mln

Artemis Health said May 9 that it raised $8.3 million in Series A funding led by Maverick Ventures. Artemis, of Salt Lake City, is a health data analytics company.

Hill International sells construction claims group to Bridgepoint

Hill International said May 5 that it has sold its construction claims group to Bridgepoint Development Capital. Proceeds from the deal were used to mainly pay off Hill’s $151.1 million in senior debt. Bridgepoint Development Capital is part of Bridgepoint, the UK private equity firm. KeyBanc Capital Markets Inc and Duane Morris LLP advised Hill. Christian Atwood of Choate Hall & Stewart LLP advised Bridgepoint.