Luisa Beltran

Robbins jumps to Monomoy Capital from H.I.G. Bayside

Monomoy Capital Partners said Monday that David Robbins has joined the firm as an Managing Director and Head of Credit Strategies. Robbins joins Monomoy from H.I.G. Bayside Capital where he was a Managing Director responsible for leading investments in distressed debt.

HealthPort to merge with IOD

HealthPort, which is backed by New Mountain Capital, is merging with IOD. Financial terms weren’t announced but New Mountain is providing an investment. The merged company, which will have combined revenues of more than $450 million and 6,000 professionals, will provide secure access solutions for confidential medical information and related services and technology.

HBC, Powerplant Ventures invest in Hail Merry

HBC Investments and Powerplant Ventures have invested in Hail Merry LLC. Financial terms weren’t announced. Evale Holdings and Bedrock Holdings will continue as investors as will Hail Merry principals, Susan O’Brien, Sarah Chapin and Alison Brushaber, chief product officer. Hail Merry is a snack food company whose products include macaroons, nuts and seeds as well as grawnola.

Auction is underway for Citi's hedge fund administration unit

Citigroup’s sale of its hedge fund administration unit has launched, sources said.

Epicor to spinoff Retail Solutions business, pay dividend to shareholders

Epicor Software Corp. said Monday that it has spunoff its Retail Solutions business into a separate, privately-held company backed by Apax Partners. Epicor Software, which makes business software, is an Apax portfolio company. Epicor also announced Monday a proposed debt offering of $2.1 billion. Proceeds will be used to refinance $1.3 billion in outstanding debt, refinance $400 million in notes and pay a dividend to shareholders. Jefferies Group LLC provided financial advice to Epicor.

Kaufman joins FTV Capital

Robert Kaufman has joined FTV Capital as a Vice President, Communications and Investor Relations. Most recently, Kaufman led the investor relations team at The JBG Companies.

H-D Advanced buys Precision Aero

H-D Advanced Manufacturing Co. said Monday it acquired Precision Aero Corp., which makes high-precision machined products that are mostly used in the aerospace industry. Financial terms weren’t announced. The Riverside Company, Hicks Equity Partners and Weinberg Capital Group. formed H-D in 2012.

KPS to sell WWRD to Fiskars for $437 mln

Fiskars Corp. said Monday it agreed to buy the WWRD group of companies and its portfolio of luxury home and lifestyle brands, which include Waterford, Wedgwood, Royal Doulton, Royal Albert and Rogaška. The seller is KPS Capital Partners. The $437 million purchase price is subject to a post completion adjustment based upon the level of net working capital and cash and debt in the acquired business on a closing date.

Cushman & Wakefield to merge with DTZ

Cushman & Wakefield and DTZ have agreed to merge. Financial terms weren't announced. The new real estate services company will have revenues over $5.5 billion, more than 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients, a statement said. DTZ, a Chicago property services firm, is owned by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan.

Precision BioSciences raises $25.6 mln

Precision BioScience said Monday it closed a $25.6 million Series A round led by venBIO. Fidelity Biosciences, Amgen Ventures, Baxter Ventures, Osage University Partners, the Longevity Fund, and two well-known public market investors also participated. Research Triangle Park, North Carolina-based Precision BioSciences is a genome editing company.