Luisa Beltran

Generation Growth buys Harrell's Car Wash Systems

Generation Growth Capital Inc said Nov. 16 that it acquired Harrell's Car Wash Systems Inc. Financial terms weren’t announced. Mark Harrell, the founder, was the seller. Stephenson National Bank & Trust and EXMARQ Capital Partners Inc provided financing. Indianapolis-based Harrell is a distributor of car wash systems and supplies.

General Atlantic invests in PT Mitra Adiperkasa

General Atlantic has invested in PT Mitra Adiperkasa (MAP). General Atlantic's investment is in the form of Rp1.08 trillion ($75 million) in zero-coupon bonds issued by MAP, which are convertible into shares in its food & beverage subsidiary, PT MAP Boga Adiperkasa (MBA). PT Mitra Adiperkasa is a lifestyle retailer in Indonesia while MBA operates five brands in Indonesia including: Starbucks, Pizza Express, Krispy Kreme, Cold Stone Creamery, and GODIVA.

Exponent Private Equity buys Enra Group

Exponent Private Equity has acquired Enra Group. Financial terms weren’t announced. Sellers include Livingbridge. Enra, of the U.K., is a specialist provider of mortgage finance. Livingstone advised Enra Group.

Schneider is said to seek buyer for DTN

Ex-AIC spokesman leaves Koch for lobbyists CGCN

General Atlantic to exit Too Faced

The Estee Lauder Companies Inc said Nov. 14 that it agreed to buy Too Faced for about $1.45 billion. Sellers include General Atlantic, which acquired a majority stake in the company in June 2015. Too Faced is a makeup brand that provides cosmetics for the eyes, face and lips. Evercore and BNP Paribas provided financial advice to Estee Lauder, while Lowenstein Sandler LLP was their attorney. Too Faced received financial advice from Goldman, Sachs & Co and Jefferies LLC, and legal counsel from Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Hospice Sources buys Travis Medical's hospice equipment unit

Hospice Source LLC said Nov. 14 that it has acquired the hospice equipment business of Travis Medical Sales Corp. Financial terms weren’t announced. The hospice equipment division of Travis Medical, located in Austin, provides medical equipment to hospices in Texas. Hospice Source is a portfolio company of Transition Capital Partners.

Accion Venture Lab exits Varthana

Accion Venture Lab said Nov. 14 that it sold its stake in Varthana. Bangalore-based Varthana provides specialized loans and support to private schools in India. Varthana raised $14 million in Series B financing in the spring.

Prynt raises $7 mln

Prynt said Nov. 15 that it closed a $7 million Series A round led by GGV Capital. San Francisco-based Prynt connects physical and digital photos with augmented reality. Prynt has raised a total of $9.5 million in funding.

Samsung Electronics to buy Harman for $8 bln

Samsung Electronics has agreed to buy Harman International Industries for $112 a share cash or about $8 billion. Harman, of Stamford, Connecticut, is known for its car audio systems. In 2007, two buyout shops, KKR and Goldman Sachs PE arm, famously pulled out of their $8 billion acquisition of Harman, citing a “material adverse change” in the company’s business, Reuters reported at the time. Evercore provided financial advice Samsung, while Paul Hastings LLP was legal counsel. J.P. Morgan and Lazard served as financial advisors to HARMAN and Wachtell, Lipton, Rosen & Katz acted as legal counsel.