Luisa Beltran

H.I.G. Capital invests in Milestone Technologies

H.I.G. Capital LLC said Tuesday it has invested in Milestone Technologies Inc. Financial terms weren’t announced. Fremont, California-based Milestone provides managed information technology services to global corporations.

Salient Federal merges with CRGT

Salient Federal Solutions Inc. has agreed to merge with CRGT Inc. to form Salient CRGT. Financial terms weren’t announced. Salient, a Frotenac portfolio company, provides IT and engineering services to the intelligence, defense, homeland security, and federal markets. CRGT, which is backed by Bridge Growth Partners, is an IT services provider for the Federal Government. Evercore and Credit Suisse served as Bridge Growth’s financial advisors. Wells Fargo Securities and Houlihan Lokey advised Frontenac and Salient.

Crestview Partners to sell Stackpole International for $659 mln

Johnson Electric Holdings Ltd. has agreed to buy the Stackpole International group of companies in a deal valued at C$867 million (US$659 million). Ontario-based Stackpole, which supplies engine and transmission pumps and powder metal components primarily for automotive applications, is majority owned by Crestview Partners. Perella Weinberg Partners LP advised Johnson Electric.

Tailwind closes Re Transportation sale

Tailwind Capital said Tuesday it has closed its previously announced sale of Re Transportation Inc. to Kuehne + Nagel Investment Inc., the U.S. affiliate of Kuehne + Nagel International AG. Financial terms weren’t disclosed. Memphis-based Re Transportation is a freight shipping and trucking company. Stifel, Nicolaus & Company, Inc. advised Tailwind.

Braunstein joins Aisling Capital as Operating Partner

Dr. Scott Braunstein has joined Aisling Capital as an Operating Partner. Dr. Braunstein serves as Senior Vice President, Strategy and Corporate Development at Pacira Pharmaceuticals.

Envestnet to buy Yodlee in $590 mln deal

Envestnet Inc. said Monday that it agreed to buy Yodlee Inc. for $18.88 a share or about $590 million. Redwood City, California-based Yodlee provides financial software. Warburg Pincus, which owns 27 percent, has voted to support the deal. Sandler O’Neill + Partners L.P is serving as financial advisor to Envestnet while Goldman Sachs advised Yodlee.

Cox named CEO of the Wet Seal

The Wet Seal said Monday that it named Melanie Cox its CEO. Cox succeeds Ed Thomas who is stepping down. Cox was previously chief merchandising manager for retailers including Urban Outfitters, Contempo Casuals (which was acquired by Wet Seal) and The Clothestime. The Wet Seal is a portfolio company of Versa Capital Management LLC.

Genstar Fund VII closes at $2 bln

Genstar Capital said Monday that its most recent fund closed at $2 billion, exceeding its initial target of $1.5 billion. Genstar said the GP will commit a “meaningful” amount of additional capital. Evercore served as placement agent for Genstar Capital Partners VII. San Francisco-based Genstar targets sectors including financial services, software, industrial technology, and healthcare.

Energy Future Holdings chooses Hunt Consolidated plan

Energy Future Holdings has selected a proposal from a Hunt Consolidated Inc.-led consortium which will allow EFH and its subsidiaries to emerge from bankruptcy. The consortium includes Hunt, Anchorage Capital Group, Arrowgrass Capital Partners, Avenue Capital Group, BlackRock, Centerbridge Partners, GSO, and the Teacher Retirement System of Texas. If approved by the bankruptcy court and regulators, Hunt will assume operational control of EFH's regulated transmission and distribution company, Oncor Electric Delivery. Energy Future Holdings, the former TXU Corp., filed for bankruptcy protection in 2014.

Editas Medicine raises $120 mln

Editas Medicine said Monday it raised $120 million led by Boris Nikolic, M.D., managing director of bng0, a U.S.-based investment company that was formed to invest exclusively in Editas Medicine and includes a select group of large family offices. Other new investors include Deerfield Management, Viking Global Investors, Fidelity Management & Research Company, funds and accounts managed by T. Rowe Price Associates Inc., Google Ventures, Jennison Associates on behalf of certain clients, Khosla Ventures, EcoR1 Capital, Casdin Capital, Omega Funds, Cowen Private Investments and Alexandria Venture Investments. Cambridge, Massachusetts-based Editas is a genome editing company.