Luisa Beltran

Route 66 Ventures invests in DriveWealth

Route 66 Ventures LLC has invested in DriveWealth Holdings Inc. Financial terms weren’t announced. Chatham, New Jersey-based Drive Wealth is an online retail equity platform.

Refinery29 raises another $50 mln

Refinery29 said Monday it raised $50 million new funding from Scripps Networks Interactive and WPP, via WPP Ventures. Previous investors including Stripes Group, Floodgate, Lead Edge Capital, First Round Capital, Lerer Ventures and Hearst Corp. With offices in New York and Los Angeles, Refinery 29 is a digital lifestyle media company. Allen & Company LLC advised Refinery29.

Sterling Group to sell B&G Crane

NCSG Crane & Heavy Haul Corp. has agreed to buy B&G Crane Holdings Inc. The seller is The Sterling Group LP. Financial terms weren’t announced. New Orleans-based B&G supplies operated and maintained crane services, specialized rigging, and heavy haul transportation in the states of Louisiana and Texas. NCSG is backed TriWest Capital Partners, Alberta Teachers' Retirement Fund and NCA Partners. Stifel was financial advisor to NCSG while RBC Capital Markets advised B&G.

Carlyle to invest in Rede D’Or São Luiz

The Carlyle Group has agreed to invest in Rede D’Or São Luiz, the largest private hospital operator in Brazil. Financial terms weren’t announced. The founding Moll family will retain a majority of Rede D’Or, while BTG Pactual will continue to have a minority. BofA Merrill Lynch and J.P. Morgan Securities LLC provided financial advice to Carlyle and Banco BTG Pactual served as financial advisor to Rede D’Or.

Moustafa joins NBK Capital Partners in Dubai

NBK Capital Partners said Tuesday that Yaser Moustafa has joined the investment firm in Dubai as a Senior MD. He will serve as head of NBK Capital Partners and be responsible for the management and day-to-day operations of NBK Capital Partners, Moustafa previously lead Alvarez & Marsal’s Private Equity advisory practice for the Middle East as MD.

Accel-KKR, ATP Private Equity Partners invest in One.com

Accel-KKR and ATP Private Equity Partners have made a growth equity investment in One.com. Financial terms weren’t announced. One.com is a provider of web hosting services and domain names in Europe.

Accel-KKR to exit Applied Predictive Technologies in $600 mln sale

MasterCard said Monday it agreed to buy Applied Predictive Technologies for $600 million. Applied Predictive Technologies, a portfolio company of Accel-KKR, is a cloud-based analytics provider.

Data storage company Nutanix to hire banks for IPO - Reuters

Nutanix, a maker of server and storage systems, is in talks to hire underwriters for an initial public offering later this year that could value the U.S. company at more than $2.5 billion, including debt, sources told Reuters News.

Upfront Ventures leads $2 mln round for Ferris

Ferris said Friday it raised $2 million in seed financing led by Upfront Ventures. Allen DeBevoise, the founder of Machinima, also participated. Santa Monica, California-based Ferris is a mobile video company.

TPG Growth Fund III raises more than $3 bln

TPG Growth said Monday that its third fund surpassed its $2.75 billion target and closed at over $3 billion. TPG Growth III will invest in small- and mid-sized growth companies. Past and current investment for the firm include Uber, Airbnb and Box.