Luisa Beltran

PhageTech raises $2.4 mln

PhageTech Inc. said Monday that it raised $2.4 million Series A funding co-led by Mark IV Capital and Black River Investments. Irvine, California-based PhageTech is developing sensors for the early detection of cancers and other diseases.

Unifi Software raises $10 mln

Unifi Software said Monday it raised $10 million in Series A funding led by Pelion Venture Partners. Canaan Partners also invested. San Mateo-based Unifi provides data integration software.

Trive Capital Fund II raises $500mln

Trive Capital Management LLC said Monday that it second fund closed at its $500 million hard cap. Fund II surpassed its $400 million target. The pool will invest in lower middle market companies headquartered in North America.

J.C. Flowers leads $92.2 mln Series C for Kreditech

Kreditech said Monday that it raised 82.5 million euros (US$92.2 million) in Series C financing led by J.C. Flowers & Co. LLC. Peter Thiel and Amadeus Capital Partners invested earlier this year in a bridge loan that has now fully converted into Series C equity. Existing shareholders Värde Partners, HPE Growth Capital and Blumberg Capital also participated in the round. Hamburg, Germany-based Kreditech is a consumer finance technology company. The company said it is in advanced discussions for a final close that could boost the Series C to over 100 million euros. Jefferies and Berenberg acted as financial advisors on the transaction.

Accel-KKR Fund V raises $1.3 bln

Accel-KKR said Monday that it closed its fifth buyout fund with $1.3 billion in committed capital. Accel-KKR Capital Partners V LP will invest in lower-middle market and middle-market software and IT-enabled services companies. Fund V also includes a $100 million commitment from the firm's general partners.

Groupe Bertrand to buy Quick Group

Groupe Bertrand, which owns Burger King France, has agreed to buy the Quick Group. Financial terms weren’t announced. Qualium Investissement is the seller. Paris-based Quick is a European fast-food hamburger restaurant brand. Restaurant Brands International Inc. owns a minority of Burger King France.

Denham Capital invests in Jenner Renewables

Denham Capital has invested in Jenner Renewables. Financial terms weren’t announced. Madrid-based Jenner focuses on the development, financing, construction and divestment of renewable infrastructure assets across Latin America.

KSL Capital Fund IV raises $2.68 bln

KSL Capital Partners LLC said Monday that its latest private equity fund closed with about $2.68 billion in commitments. KSL Capital Partners IV LP took less than a year to raise and surpassed the fund’s target of $2.25 billion. KSL IV will focus on investing exclusively in the travel and leisure sector globally, the firm said.

Third time may be the charm for Russell Investments

The London Stock Exchange’s sale of Russell Investments is reportedly unraveling, which could bode well for private equity firms still interested in buying the investment manager.

Apax invests in Ideal Protein

Apax Partners LLP said Friday it has agreed to invest in Ideal Protein. Financial terms weren’t announced. The founders, Dr. Tran Tien Chanh and Olivier Benloulou, will continue to have a significant stake. Ideal Protein, of Gatineau, Quebec, is a weight loss and wellness solutions company. Jefferies LLC advised Ideal Protein while BMO Capital Markets acted as financial advisor to Apax.