Luisa Beltran

Brawn joins GenNx360 Capital as an Operating Partner

Rick Brawn has joined GenNx360 Capital Partners as an Operating Partner. Brawn previously served as the Managing Director of Weir Services Europe based in Scotland.

Sverica Capital Fund IV raises $275 mln

Sverica Capital Management LLC has closed its fourth private equity fund at its hard cap of $275 million. Sverica Capital Partners Fund IV LP will target business and IT services, healthcare services and high value industrial companies.

Nautic Partners invests in Response Team 1

Nautic Partners LLC has invested in Response Team 1. Financial terms weren’t announced. Wheeling, Illinois-based Response Team 1 provideS property restoration and renovation services. Antares Capital and LStar Capital provided financing. Concurrent with Nautic’s investment, RT1 acquired three additional restoration businesses: Emergency Reconstruction of Raleigh, North Carolina; JFS Construction Group of Van Nuys, California; and Venturi Technologies of Philadelphia. Robert W. Baird & Co. acted as financial advisor for Response Team 1.

Bregal Sagemount invests $40 mln in Open Lending

Bregal Sagemount has invested $40 million in Open Lending LLC for a “significant” minority position. Austin-based Open Lending provides loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders. Vaquero Capital LLC and Andrews Kurth LLP provided financial and legal counsel to Open Lending. Goodwin Procter was the attorney for Bregal Sagemount.

GreatHorn raises $2.25 mln

GreatHorn has raised $2.25 million in a Series Seed funding round led by ff Venture Capital and SoftTech VC. Also participating were Techstars Ventures, RRE, and Walter Winshall, alongside existing investors Zelkova Ventures and V1.VC. GreatHorn, of Belmont, Massachusetts, provides a cloud native communication security platform.

Baum named Executive Chairman of NorthStar Financial

NorthStar Financial Services Group LLC said Tuesday that it named Jon Baum as its Executive Chairman. Baum was previously Chairman and CEO of The Dreyfus Corp, a subsidiary of BNY Mellon. Northstar is a portfolio company of TA Associates.

Advent International GPE VIII closes at $13 bln

Advent International said Tuesday that its eighth flagship fund closed at $13 billion, above its $12 billion target. Advent International GPE VIII LP will invest in buyouts, recapitalizations and growth equity transactions, primarily in Europe and North America and selectively in other regions such as Asia and Latin America. Advent's prior fund closed on $10.8 billion in 2012.

MBF Healthcare Fund II targets up to $500 mln: source

Ardian to sell Novacap majority stake to Eurazeo, Mérieux Développement

Ardian said Monday that it has entered exclusive negotiations to sell its majority stake in Novacap to Eurazeo and Mérieux Développement. Financial terms weren’t announced. Ardian will remain a minority shareholder. Novacap, of Lyon, France, is a diversified chemicals Group that produces and distributes essential chemicals that are used in everyday products.

Clearlake Capital buys That’s How We Roll

Clearlake Capital Group LP said Monday that it acquired That’s How We Roll LLC (THWR). Financial terms weren’t announced. THWR founder and CEO Aldo Zuppichini will maintain a significant equity stake. Fairfield, New Jersey-based That’s How We Roll provides “better-for-you” snacks in North America, including flagship brands Mrs. Thinsters and Dippin’ Chips.