Luisa Beltran

H.I.G. Capital to buy BioVectra for $250 mln

Mallinckrodt said Sept. 10 that it agreed to sell BioVectra Inc to H.I.G. Capital for about $250 million. The fixed consideration of $175 million includes an upfront payment of $135 million and a long-term note for $40 million, and contingent payments of up to $75 million. BioVectra is a contract development and manufacturing organization.

Ozbolt joins Riverside Co

Riverside Co said Sept. 10 that Sean Ozbolt has joined the firm as managing partner. Ozbolt was previously a partner at Aurora Capital Group and was a former managing director at H.I.G. Capital.

North Sky Secondaries Fund raises $220 mln

North Sky Capital’s latest secondaries fund has closed on $220 million of commitments. The target of Clean Growth Fund V was $150 million. The fund invests in sectors such as energy, food, water, transportation, consumer goods and healthy living & aging.

Riverside sells RE Panels to THI Investments

Riverside Co said Sept. 10 that it sold RE Panels SA to THI Investments. Financial terms weren’t announced. RE Panels is the parent of EPCO and TECSEDO. EPCO and TECSEDO make sandwich panels for residential, commercial and industrial sectional overhead doors.

Keranova raises 24 mln euros

Keranova said Sept. 10 that it raised 24 million euros ($26.5 million) in a second round of funding that included participation from Mérieux Equity Partners and Supernova Invest. Financière Arbevel, Tourrette Investissement and other international partners also participated. Keranova specializes in the development of surgical ophthalmology equipment.

Hachemi joins Activa Capital

Activa Capital said Sept. 10 that Amira Oueld-El Hachemi has joined the finance department as an analyst. Hachemi’s previously worked at Essling Capital and Weinberg Capital Partners.

Lovell Minnick raises $1.28 bln with fifth fund as firm reaches two decades old

Cerberus Capital to buy Axsesstoday

Cerberus Capital Management LP said Sept. 9 that it agreed to buy Axsesstoday Ltd. Financial terms weren’t announced. Axsesstoday provides equipment finance solutions to small and medium businesses in Australia.

Aquila sues Vista-backed Solera

Anthony (Tony) Aquila has sued Solera Global Holding Corp and Solera Holdings Inc for allegedly refusing to honor its obligations to pay Aquila, Solera’s founder and former CEO, for his vested stock options worth in excess of $100 million. Aquila, through his attorneys, also filed a temporary restraining order and a motion for preliminary injunction to stop Solera from encumbering the Aquila-vested stock options. Vista Equity Partners acquired Solera in 2015 for roughly $6.5 billion.

SoftBank urges WeWork to postpone IPO: Financial Times

SoftBank is urging WeWork to shelve its hotly anticipated IPO after it received a cool reception from investors, the Financial Times is reporting. We Co advisers were testing investor appetite at a valuation between $15 billion and $20 billion, far below the $47 billion given to SoftBank when it invested earlier this year, the FT said.