Luisa Beltran

Babson supports ABRY's SambaSafety acquisition

Babson Capital Management said May 24 that it provided a senior secured credit facility to back ABRY Partners’ buy of SambaSafety. ABRY announced its buy of SambaSafety in April.

Cabala jumps to CircleUp Network from Park Hill

CircleUp Network Inc said May 24 that it appointed Jake Cabala as its Head of Institutional Business. Cabala was previously a Managing Director at Park Hill Group.

Aqua Terra Water CEO Harris to retire in July

Aqua Terra Water Management LLC, which is backed by Bregal Partners, said May 25 that its President and CEO Mark Harris will retire in July. Harris will continue to serve as an advisor to the Company as the Chairman of Aqua Terra's Board of Managers. Cory Hall will assume the role of Aqua Terra President and CEO. Hall previously founded CJ Energy LLC in 2004 and served as Principal of CJ until its sale in 2013 to CCNG Energy Partners.

Bregal Sagemount buys Discovery Data

Bregal Sagemount said May 25 that it acquired Discovery Data Inc. Financial terms weren’t announced. As part of the deal, Discovery Data also acquired Meridian-IQ. Eatontown, New Jersey-based Discovery Data provides data on retail financial services industry firms and professionals. Meridian-IQ supplies online databases and advisor market information. GrowthCap LLC served as financial advisor to AIQ. Hunton & Williams LLP provided legal counsel to Bregal Sagemount.

Seismic raises $40 mln led by General Atlantic

Seismic raised a $40 million Series C round led by General Atlantic. Seismic is an enterprise software company. Other minority shareholders include JMI Equity and Jackson Square Ventures.

SportsHero raises $2.4 mln

SportsHero said May 25 that it launched with $2.4 million in funding led by Nevada Iron Ltd. Singapore-based SportsHero is a fantasy sports app and social prediction platform.

Cox named Chief Services Officer at eFront

Dave Cox was named Chief Services Officer at eFront. Cox was previously with software company FICO as leader of operations for its Sales, Marketing & Services group.

PE HUB First Read

To start off your morning, we have news that Blue Coat Systems could make its IPO public next week, Microsoft is laying off 1,850 staff and Peter Thiel has been secretly covering the expenses for Hulk Hogan’s lawsuits against Gawker.

Becker Professional to buy ACAMS from Warburg Pincus for $330 mln

Becker Professional Education, a subsidiary of Devry Education Group, said May 14 that it agreed to buy the Association of Certified Anti-Money Laundering Specialists (ACAMS). The purchase price is $330 million. Warburg Pincus is the seller. ACAMS is an international membership organization that aims to enhance the knowledge and skills of anti-money laundering (AML) and financial crime prevention professionals. Partner William Kucera, along with associates Michael Weigel and Eric Tubbs, of Mayer Brown represented Becker on this deal. Buyouts Insider reported news of the auction in March.

KKR, CD&R barely double their money on U.S. Foods