Luisa Beltran

Mediterrania fund II hits first close of $141.6 mln

Mediterrania Capital Partners announced Friday an interim close of Mediterrania Capital II, its second Growth fund for North Africa, at €115.3 million (US$141.6 mln). Fund II has a target size of €120 million (US$147.4 mln). Mediterrania said a final close of €150 million (US$184.2 mln) is planned for March 2015. Mediterrania Capital focuses on making African and mainly North African growth investments.

Lion Capital to sell Bumble Bee Seafood

Lion Capital has agreed to sell Bumble Bee Seafoods to Thai Union Frozen Products Public Company Ltd. Financial terms weren’t announced. Bumble Bee is a branded shelf-stable seafood company that provides canned and pouched tuna, salmon, sardines, and specialty seafood.

OMERS Private Equity sells Logibec

GI Partners said Friday it acquired Logibec from OMERS Private Equity. Financial terms weren’t announced. Montreal based Logibec is a healthcare IT company.

Bill Gates, Madrona leads $15 mln round for Echodyne

Bill Gates and Madrona Venture Group have led an initial $15 million round of funding for Echodyne Corp. Vulcan Capital, Lux Capital, The Kresge Foundation and others also invested. Bellevue, Wash.-based Echodyne, the fourth spin-out from Intellectual Ventures, aims to bring to market metamaterials-based radar products.

Pátria, Blackstone buy 4 office buildings in Rio de Janeiro

Pátria Investimentos and Blackstone said Friday they have acquired four office buildings in Rio de Janeiro from Opportunity’s Real Estate Fund for R$700 million. Pátria and Blackstone will own the portfolio in a 50/50 joint venture.

Pamlico Capital promotes Christhilf and Wilkins

Pamlico Capital said Friday it has named Stuart M. Christhilf, IV and Eric J. Wilkins as Partners of the firm. Both are being promoted to Partner from the role of Principal, effective today. Charlotte, NC-based Pamlico makes control-oriented growth equity investments.

Miraval Group invests in ESPA

Miraval Group said Friday that it invested in ESPA. Financial terms weren’t announced. London-based ESPA provides luxury spa and wellness products and services. Miraval, which is backed by KSL Capital Partners and Revolution Places, also said that it appointed Elizabeth Blair as CEO and Andrea Persily as CFO.

Rinovum Women’s Health raises $3 mln

Rinovum Women’s Health said Friday it raised $3 million in series C financing from its existing investor base. Rinovum said the round was led by a private, Pennsylvania-based investment fund. Other participants included the PLSG Accelerator Fund and BlueTree Allied Angels. Rinovum Women’s Health, of Monroeville, Pa., is a women’s health company.

SparkLabs Global Ventures invests in Code Kingdoms, MangoPlate

SparkLabs Global Ventures has invested in Code Kingdoms and MangoPlate. Financial terms of either transaction wasn’t announced. Code Kingdoms, of the U.K., is an education technology startup, while MangoPlate is a restaurant search and discovery mobile app in South Korea.

Machine Solutions buys Steeger

Machine Solutions, which is backed by Forsyth Capital Investors, has acquired Steeger USA. Financial terms weren’t announced. Spartanburg, S.C.-based Steeger makes braiding equipment for the medical device industry. The Capital Corp. advised Steeger.