Luisa Beltran

Russell Investments too rich for private equity

Traditional private equity has apparently once again failed to make it to the end for Russell Investments.

Private equity strikes out in bid for Russell Investments

Traditional private equity has apparently once again failed to make it to the end for Russell Investments.

McAlear, Potvin join Giact

Giact Systems LLC, a portfolio company of Tritium Partners, said it added two senior sales executives. Robert McAlear was hired as EVP of Sales and Marketing while Timothy Potvin was hired as SVP of Sales. Both are newly created positions.

Miura raises $16 mln

Miura Systems said Thursday it raised $16 million in funding led by DFJ Esprit Secondaries. DFJ Esprit EIS funds also participated. Miura, of Stokenchurch, United Kingdom, provides mobile point-of-sale devices.

Altus Capital buys GED Integrated Solutions

Altus Capital Partners said Thursday it is buying GED Integrated Solutions Inc. Financial terms weren’t announced. Twinsburg, Ohio-based GED makes insulated glass and vinyl sash fabrication equipment in North America. Brown Gibbons Lang & Company advised the sellers.

Chaac Ventures invests in Locent

Chaac Ventures said Thursday that it has invested in Locent. Financial terms weren’t announced. Los Angeles-based Locent is a Software as a Service company that is developing technology that lets merchants sell products and services over SMS (text) technology.

Doctoroff, Google launch Sidewalk Labs

Dan Doctoroff and Google are forming Sidewalk Labs. The New York-based startup aims to improve city life for residents, businesses and governments by developing and incubating civic technologies. Financial terms weren’t announced. Doctoroff is the former CEO of Bloomberg LP and Deputy Mayor of Economic Development and Rebuilding for the City of New York.

Carlyle to sell 20 mln CommScope shares

CommScope Holding Co. Inc. said Wednesday that The Carlyle Group is selling 20 million shares in a secondary offering. The underwriter, J.P. Morgan Securities, also has the option to buy up to 3 million additional shares from Carlyle. Following the deal, Carlyle’s stake will drop to about 31 percent if the underwriter exercises its option. Carlyle acquired CommScope, which makes telecommunications equipment, in 2010. CommScope went public in October 2013.

MC-Seamax Management Fund I raises $300 mln

MC-Seamax Management Ltd. said Wednesday it closed its first private equity fund with $300 million in commitments. MC-Seamax Shipping Opportunities Fund LP will invest in container shipping. MC-Seamax Management Ltd., based in Stamford, Connecticut, is a joint venture between Seamax Partners LLC and MC Asset Management Holdings LLC, a subsidiary of Mitsubishi Corp.

Sanusi joins Black Rhino as chairman

Black Rhino, a portfolio company of the Blackstone Group, said Thursday that His Highness Emir Muhammad Sanusi II has joined its board as chairman. Black Rhino, of Lagos, Nigeria, develops and acquires energy and infrastructure projects across Africa.