Luisa Beltran

Hallcon sale to produce 34% IRR for Southfield Capital

Southfield Capital said Tuesday that it closed the sale of Hallcon Corp. to Novacap. Toronto-based Hallcon provides specialty outsourced services primarily to the railway, transit and oil and gas sectors in North America. This sale resulted in a gross return to Southfield of 3.3x and 34 percent IRR; after its expected earn out the return for Southfield should rise to 3.6x and 37 percent IRR on a pure operating basis, a source said. Lazard acted as lead financial advisor and BB&T Capital Markets acted as co-financial advisor to Hallcon.

Odyssey Investment Partners buys Integro

Odyssey Investment Partners LLC has agreed to buy Integro Ltd. Financial terms weren’t announced. New York-based Integro is an insurance brokerage and risk management firm.

Isqft and CMD Group merge

Isqft and CMD Group have merged. CMD provides construction information in North America, while Isqft supplies cloud-based software tools, data and analytics to the commercial construction industry. Isqft, of Cincinnati, is backed by Genstar Capital. Norcross, Georgia-based CMD, formerly Reed Construction Data and Construction Market Data, is owned by Warburg Pincus and Reed Business Information Services.

Monroe Capital provides $36 mln loan for L Squared's Virtium buy

Monroe Capital said Tuesday it provided a $36 million loan to support L Squared Capital Partners’ buy of Virtium. Rancho Santa Margarita, California-based Virtium provides memory and embedded solid state drive products to the industrial market.

H.I.G. Capital to Italian portfolio of 8 retail assets

H.I.G. Capital said Wednesday it has closed its buy of a portfolio of 8 retail assets in Italy. The portfolio comprises over 11,500 square meters and tenants include retailers such as OVS, Euronics and Cisalfa. Financial terms weren’t announced.

Onex to buy Hospital Physician Partners

Onex Corp. said Tuesday it closed its previously announced investment in the Schumacher Group. Onex also said it has agreed to buy Hospital Physician Partners. Financial terms weren’t announced. Hollywood, Florida-based Hospital Physician Partners is a U.S. provider of emergency and hospital medicine clinical staffing services.

Aman named CFO of Starwood Retail Partners

Starwood Retail Partners has named Angela Aman its Chief Financial Officer, effective Aug. 10. Aman spent the last four years as CFO and Treasurer of Retail Properties of America Inc. Starwood Retail is the retail operating platform of Starwood Capital Partners.

BB&T Capital rebrands as Five Points Capital

BB&T Capital Partners said in an email Tuesday that it is has rebranded as Five Points Capital. Winston-Salem, North Carolina-based Five Points invests in the lower middle market in the following strategies: equity, mezzanine and small market buyout fund-of-funds.

Private equity healthcare M&A small slice of record July

Healthcare takeover activity may have helped make July the seventh busiest month for M&A on record but don’t include private equity in the mix.

Duetto raises $30 mln

Duetto said Tuesday it closed $30 million in financing led by Icon Ventures. Also participating in the round were Spectrum 28, Accel Partners, Battery Ventures, Altimeter Capital, Leland Pillsbury, founding partner, Co-Chairman and CEO of Thayer Lodging, and Marc Benioff, the founder, Chairman and CEO of Salesforce.com. Duetto provides hotel and casino profit optimization technology.