Luisa Beltran

Meta raises $50 mln

Meta said June 13 it closed a $50 million Series B round. Investors include Horizons Ventures Limited, Lenovo, Tencent, Banyan Capital, Comcast Ventures and GQY. Redwood City, California-based Meta provides augmented reality technology.

Brazos Private Equity sells Ennis Flint

Brazos Private Equity Partners LLC said June 13 that it sold Ennis-Flint to Olympus Partners. Financial terms weren’t announced. Thomasville, North Caroline-based Ennis provides pavement markings and traffic safety solutions. Harris Williams & Co., Rothschild and Grace Matthews served as financial advisors to Ennis-Flint and Weil, Gotshal & Manges provided legal counsel.

Bain Capital to sell Blue Coat for $4.65 bln

Symantec said June 12 that it agreed to buy Blue Coat Inc in a deal valued at $4.65 billion. Bain Capital, the seller, has agreed to make an investment of $750 million in the convertible notes while Silver Lake agreed to make an additional investment of $500 million in notes (that’s on top of $500 million it agreed to invest in Symantec earlier this year, the Wall Street Journal said). Blue Coat is a network security company. Symantec plans to finance the deal with cash on the balance sheet and $2.8 billion of new debt.

TPG-backed Eze Software to pay $180 mln dividends: Moody's, S&P

New Mountain to buy Strategic Partners: source, FTC filing

CD&R to buy Tranzact

Clayton, Dubilier & Rice said June 9 it agreed to buy Tranzact. Financial terms weren’t announced. White Mountains Insurance Group, the seller, said in an SEC filing that the transaction is expected to increase its book value by about $85 million or 17 cents a share. Fort Lee, New Jersey-based Transact provides software and services for insurance marketing sales. The company employs about 1,100 people. SunTrust Robinson Humphrey Inc, SunTrust Bank, ING Capital LLC, Citizens Bank NA and Natixis, New York Branch are providing debt financing. Debevoise & Plimpton LLP acted as legal advisor to CD&R. Evercore Group LLC and Petsky Prunier LLC provided financial advice to Tranzact. Cravath, Swaine & Moore LLP acted as legal advisor to selling equity holders and Tranzact, while Lowenstein Sandler LLP acted as legal advisor to Tranzact management.

Turnspire Capital buys United Plastics Group

Turnspire Capital Partners LLC said June 9 that it acquired the business of United Plastics Group Inc (UPG). MedPlast Inc was the seller. UPG makes complex assembled components and finished products serving the datacenter, automotive, energy and industrial markets. Chapman & Cutler LLP served as legal counsel to Turnspire on the UPG acquisition.

Tradeshift raises $75 mln

Tradeshift said June 9 that it raised $75 million in a Series D funding led by Data Collective. Investors also include HSBC, American Express Ventures, Notion Capital, CreditEase Fintech Investment Fund, managed by CreditEase, and Pavilion Capital. San Francisco-based Tradeshift is a network and platform that connects buyers and suppliers.

Garland Center sold to H.I.G. Realty Partners, Silverpeak and Rising Realty

H.I.G. Realty Partners, Silverpeak Real Estate Partners (Silverpeak), and Rising Realty Partners said June 8 that they have acquired The Garland Center. Financial terms weren’t announced. Located in Downtown Los Angeles, the Garland Center is a 733,000 sf commercial office building and data center with a detached approximately 1,600 space (4.3:1000) parking structure.

Natixis closes Peter J. Solomon deal

Peter J. Solomon Company (PJSC) said June 8 that it completed its combination with Natixis. In February, Natixis agreed to buy a 51 percent stake in Peter J. Solomon. Peter J. Solomon will continue as Chairman, while Natixis CEO Laurent Mignon will be the Lead Director of the Board. PJSC will retain its name and remain headquartered in New York.