Luisa Beltran

Whiting joins G2 Capital Advisors

G2 Capital Advisors said Wednesday that Matthew Whiting has joined the firm as an MD and head of Financial Restructuring. Whiting was previously with Restructuring Group at Lazard.

Primus Power raises $25 mln

Primus Power said Wednesday it raised $25 million in Series D funding led by I2BF Global Ventures and the Russia-Kazakhstan Nanotechnology Fund, a fund managed by I2BF. Existing investors Anglo American Platinum, Chrysalix Energy Venture Capital and DBL Partners also participated. Hayward, Calif.-based Primus Power provides low-cost, grid-scale energy storage solutions.

Accella Performance Materials buys Premium Spray

Accella Performance Materials, a portfolio company of Arsenal Capital Partners, has acquired Premium Spray Products. Financial terms weren’t announced. Premium Spray, based in Marietta, Georgia and Regina, Saskatchewan, makes spray foams for insulation and roofing as well as specialized polyurethane systems for niche applications.

Littlejohn sells Henniges Auto to Aviation Industry Corp. of China

Littlejohn & Co. LLC said Wednesday it closed the sale of Henniges Automotive Inc. to Aviation Industry Corp. of China. Financial terms weren’t announced. Auburn Hills, Michigan-based Henniges designs, makes and sells highly engineered vehicle systems for doors, windows, trunks, lift-gates, sunroofs and hoods. Morgan Stanley and UBS served as financial advisors advised Littlejohn.

Cowen launches Special Situations Group

The Cowen Group Inc. has formed the Special Situations Group at Cowen and Company. Lorie Beers has joined Cowen as head of Special Situations and an MD. Her team includes Jeff Knopping, MD, as well as Randy Lederman, who is joining Cowen as a Director. Beers was most recently an MD and Head of Restructuring at StormHarbour Securities, while Lederman was a Director at StormHarbour in the energy capital markets group.

Värde Partners buys Trimont Real Estate Advisors

Värde Partners has closed its buy of majority stake in Trimont Real Estate Advisors. Financial terms weren’t announced. Trimont’s current owners will have a minority investment in the new entity, which is retaining the Trimont name. Trimont is a real estate financial services provider with $85 billion of client capital under management. Raymond James advised Trimont.

Carlyle invests in Metropolis Healthcare

The Carlyle Group said Wednesday that it has bought a stake in Metropolis Healthcare Ltd. Dr. GSK Velu and his affiliates are the sellers. Financial terms were not announced. Metropolis Healthcare is a chain of pathology laboratories with locations in India, Sri Lanka, United Arab Emirates, South Africa, Kenya, Mauritius and Ghana.

OppenheimerFunds buys VTL Associates

OppenheimerFunds has agreed to buy VTL Associates LLC. Financial terms weren’t announced. Philadelphia-based VTL, which is known for its RevenueShares ETFs, manages $1.7 billion for investors across eight ETFS and separate accounts. Suzhou Industrial Park Kaida Venture Capital invested in VTL in 2013.

Swart becomes general partner at Polaris Partners

Polaris Partners said Wednesday that Gary Swart was named a general partner of the firm. Swart joined Polaris last year as a venture partner. He will continue to invest as a key member of the Polaris team nationwide and serve as firm's primary technology investment presence in Silicon Valley and San Francisco.

Joe's Jeans sells Joe's brand to Sequential Brands, Global Brands for $80 mln

Joe’s Jeans Inc. has agreed to sell the Joe’s brand and operating assets to Sequential Brands Group Inc. and Global Brands Group Holding Ltd. for $80 million. Joe’s has also agreed to merge its remaining Hudson business with RG Parent LLC, the parent of Robert Graham. Once Joe’s brand is sold, the company will be renamed Differential Brands Group Inc. Robert Graham will have 47.3 percent, while Tengram Capital Partners’ preferred stock will convert to about 24 percent, convertible noteholders will have 14 percent and existing stockholders will have 14.2 percent. Tengram, controlling owner of the Robert Graham business, is also buying $50 million of new series A convertible preferred stock of the company. Sequential Brands is also a Tengram portfolio company.