Luisa Beltran

T-Venture exits Lantiq

T-Venture, the venture capital company at Deutsche Telekom, has sold its stake in Lantiq. Financial terms were not announced. In February, Intel said it agreed to buy Lantiq, Reuters News reported. Munich-based Lantiq is a chip manufacturer.

DW Healthcare exits Health & Safety Institute

DW Healthcare Partners said Tuesday it has sold its portfolio company, Health & Safety Institute Inc., to The Riverside Company. Financial terms weren’t announced. Eugene, Oregon-based Health & Safety is a for-profit health and safety training and compliance company. Harris Williams & Co. advised the company.

BC Partners, CPPIB to sell 70% of Suddenlink to Altice

BC Partners, Canada Pension Plan Investment Board and other co-investors have agreed to sell a 70 percent stake in Suddenlink Communications to Altice S.A. The transaction implies a total enterprise value of about $9.1 billion for Suddenlink. Once the deal closes, BC Partners and CPPIB will each receive $960 million in proceeds and a vendor note of about $200 million. CPPIB and BC Partners will each retain a 12 percent stake in the company. St. Louis-based Suddenlink is the seventh-largest cable system operator in the United States. LionTree Advisors acted as financial advisor to Suddenlink.

Pelican appoints presidents of business units

Pelican Products said Monday that Stephan Corti was named President of its Commercial (Industrial, Fire Safety, Law Enforcement) and Government Division, while Bob Shortt was appointed President of the Consumer Division. Pelican is a portfolio company of Behrman Capital.

Ripple Labs raises $28 mln

Ripple Labs said Tuesday it closed a $28 million Series A funding round that includes IDG Capital Partners and the venture arms of CME Group and Seagate Technology. Other new investors include Jerry Yang's AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital and Wicklow Capital. Also participating in this round were Bitcoin Opportunity Corp., Core Innovation Capital, Route 66 Ventures, RRE Ventures, Vast Ventures, and Venture 51. San Francisco-based Ripple Labs is a digital currency startup.

JZ Capital, Baird close Sloan LED buy

JZ Capital Partners Ltd. said Tuesday it completed a co-investment alongside Baird Capital Partners in Illumination Investments LLC, d.b.a. Sloan LED. JZ Capital invested $4.9 million in the deal. Ventura, California-based Sloan makes LED lights and lighting systems.

Carrot named CFO at Keensight Capital

Keensight Capital said Tuesday it named Alexandre Carrot its CFO while Guillaume Lefebvre has joined as an Associate. Carrot was previously Deputy CFO and Middle-Office Manager at LBO France, while Lefebvre was as an Associate at Argos Soditic. Paris-based Keensight is a European Growth PE firm.

ACG relaunches GrowthEconomy.org

The Association for Corporate Growth said Tuesday that it has relaunched GrowthEconomy.org. The website aims to detail the impact private equity has throughout the U.S. and its effect on jobs and sales growth in the middle market. ACG has narrowed the focus of the website to show the performance of solely buyout-backed companies. PitchBook Data Inc and the Business Dynamics Research Consortium at the University of Wisconsin-Extension are providing the information which includes records on more than 50,000 PE-backed companies.

Par Pharma sale to produce seven-fold return for TPG in less than 3 years

TPG Capital stands to make about 7.5x its money with the sale of Par Pharmaceutical Holdings Inc.

Marchesani, Weisser join Evercore Wealth Management

Evercore Wealth Management LLC said Tuesday it added two Wealth Advisors, Darlene Marchesani and Kirsten Weisser. Marchesani joins the firm as a Managing Director and Wealth Advisor from Wilmington Trust Company. Weisser joins Evercore Wealth Management as a Managing Director and Wealth Advisor from Mechanics Bank.