Luisa Beltran

EnterWorks Holding invests in Digital Foodie: CORRECTED

EnterWorks Holding Company, which is backed by Black Dragon Capital, has invested in Digital Foodie Ltd. Financial terms weren’t announced. Digital Foodie provided a SaaS platform for on-demand groceries.

Citi Ventures invests in BlueVine

Citi Ventures has invested in BlueVine. Financial terms weren’t announced. The deal represents a follow-on investment to BlueVine’s $40 million Series C financing in January 2016. Palo Alto, California-based BlueVine provides financing solutions to small businesses.

CIVC Partners buys Sitewise

CIVC Partners said April 27 it acquired Sitewise Corp. Financial terms weren’t announced. Sitewise management team will continue to be significant shareholders. Denver-based Sitewise provides compliance related operations and maintenance, re-construction and new construction services on natural gas infrastructure in Colorado. Sitewise will be combined with Track Utilities, an existing CIVC portfolio company.

Cinven, CPPIB to buy Hotelbeds Group for $1.32 bln

Cinven and Canada Pension Plan Investment Board ('CPPIB') have agreed to buy Hotelbeds Group for 1.165 billion euros ($1.32 billion). Tui Group is the seller. Hotelbeds Group, of Spain, is a provider of B2B hotel room distribution to the travel industry (through its brands Hotelbeds and Bedsonline).

Platinum Equity to sell Mactac European business to Avery Dennison

Avery Dennison said April 28 that it agreed to buy the European business of Mactac from Platinum Equity. The purchase price was 200 million euros ($227.2 million) including assumed debt. The Mactac business makes high quality pressure-sensitive materials, serving several high-value segments, including graphics, specialty labels and industrial tapes.

Drivy raises $35.2 mln

Drivy said April 28 it closed a 31 million euro ($35.2 million) round of funding led by Cathay Innovation and Nokia Growth Partners. Also participating were Bpifrance’s Ecotechnologie Fund, Via-ID (Mobivia group) and Index Venture. Drivy is a car rental marketplace in Europe.

TPG Growth buys majority of Frank Recruitment Group

TPG Growth said April 28 that it closed its buy of a majority of Frank Recruitment Group (FRG). Financial terms weren’t announced. FRG founders and Livingbridge were the sellers. FRG, of Newcastle, United Kingdom, is a staffing and recruiting business focused exclusively on the enterprise software market. Rothschild provided sell-side advisory services while Travers Smith and Ward Hadaway acted as legal advisors to FRG. Kirkland & Ellis International LLP acted as a legal advisor to TPG Growth in the transaction and HSBC provided debt financing.

PE HUB First Read

To start your morning, Facebook proposes a new class of stock to ensure Mark Zuckerberg remains in charge, SpaceX plans to send an unmanned Dragon spacecraft to Mars as early as 2018 and Ted Cruz names Carly Fiorina as his running mate.

Seclore raises $12 mln

Seclore said April 27 that it raised $12 million in Series B funding by Helion Ventures, VentureEast, Sistema Asia Fund, and India Alternatives. Seclore, of India, is an information security firm.

Gores, Gilbert partner to bring Major League Soccer club to Detroit

Tom Gores and Dan Gilbert said April 26 they are partnering to bring a Major League Soccer (MLS) club to downtown Detroit. No further information was disclosed. Gores, owner of the Detroit Pistons, will reportedly lead the soccer franchise while Gilbert would lead procurement of the land, developing the site and building the stadium. Gores is Chairman and CEO of Platinum Equity. Gilbert is Founder and Chairman of Quicken Loans Inc and Rock Ventures LLC.