Luisa Beltran

Linzor Capital to buy GE's Mexican equipment lending and leasing business

GE has agreed to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners. Financial terms weren't announced. The deal includes employees of the business and represents aggregate GE ending net investment (ENI) of approximately US$1.1 billion. Citigroup Global Markets Inc. provided financial advice.

Blackstone closes NCR investment

Blackstone has closed its previously announced $820 million investment in NCR Corp. NCR plans to use the proceeds, along with cash on hand and borrowings, to repurchase up to $1 billion shares of NCR stock. J.P. Morgan, Atlas Strategic Advisors and BofA Merrill Lynch acted as placement agents to NCR. Citi, Goldman, Sachs & Co. and RBC Capital Markets acted as financial advisors to Blackstone.

alphabroder buys Bodek and Rhodes

Alphabroder, a portfolio company of Littlejohn & Co., has acquired Bodek and Rhodes. Financial terms weren’t announced. Philadelphia-based Bodek and Rhodes which serves the imprintable activewear market.

Family offices emerge as force in middle-market M&A

True North raises $40 mln

True North Therapeutics said Thursday that it completed a $40 million Series C equity financing led by New Leaf Venture Partners. Also participating were Perceptive Advisors and Cowen Private Investments, as well as existing investors Kleiner Perkins Caufield & Byers, MPM Capital, OrbiMed, SR One and Baxalta Ventures. San Francisco-based True North is a clinical stage biotechnology company.

Frontenac Company recapitalizes La Tavola Fine Linen Rental

The Frontenac Company has recapitalized La Tavola Fine Linen Rental. Financial terms weren’t announced. La Tavola also named Jeff Black as its CEO. Napa, California-based La Tavola Fine Linen is a boutique linen rental provider. Black was previously CEO for Classic Party Rentals.

Benchmark Capital exits eBags

EBags said Thursday that Benchmark Capital has sold its stake in the company. Financial terms weren’t announced. Mike Edwards, eBags President and CEO, and Peter Cobb, eBags co-founder and EVP, acquired a portion of Benchmark's shares. Saints Capital and Willowridge Partners Inc also bought part of Benchmark’s stake. EBags is an online retailer of handbags, luggage, backpacks, and accessories.

Quad-C Management exits Balboa Water

Quad-C Management said Thursday it sold Balboa Water Group to AEA Investors. Financial terms weren’t announced. Tustin, California-based Balboa Water makes components for the portable spa, jetted bath and other adjacent markets.

Phase One buys Mamiya Digital Imaging Co.

Phase One, a Silverfleet Capital portfolio company, has acquired the assets of Mamiya Digital Imaging Company Ltd. Financial terms weren’t announced. Mamiya, of Bunkyo, Japan, makes high-end cameras and other related photographic and optical equipment.

IPayment seeks a buyer once again: sources