Luisa Beltran

Distribution International closes buy of Pacific Insulation Co.

Distribution International has completed its buy of Pacific Insulation Company. Financial terms weren’t announced. Los Angeles-based Pacific distributes and fabricates industrial and commercial insulation. Distribution International is backed by Audax Private Equity and The CapStreet Group.

Thomson Reuters puts peHUB, Buyouts and VCJ on block: UPDATED

Thomson Reuters has put several of its specialty publications on the block, including peHUB, Buyouts and Venture Capital Journal, two sources said.

peHUB Second Opinion

In Second Opinon, Amazon cuts the price of its Fire phone to 99 cents, Harvard University receives a record donation of $350 million and Apple is calling its new 5.5-inch iPhone model the “iPhone 6 Plus.”

Thoma Bravo closes SailPoint buy

Thoma Bravo said Monday it closed its investment in SailPoint. Financial terms for the deal, announced in August, were not revealed. Austin-based SailPoint provides identity and access management services.

Sonendo raises $35 mln equity financing

Sonendo said Monday it completed an equity financing round of $35 million led by Meritech Capital Partners. New investor SEB Private Equity joined Fjord Ventures, OrbiMed Advisors and NeoMed Management in the round. Laguna Hills, Calif.-based Sonendo develops technology for the root canal therapy market.

MegaPath to sell Wholesale business to Pivotal Group

MegaPath Corp., which is backed by Platinum Equity, said Monday that it has agreed to sell its Wholesale business and national colocation aggregation network to Pivotal Group. Financial terms were not announced. Pivotal plans to merge the MegaPath assets with its portfolio company, Global Capacity. Pleasonton, Calif.-based MegaPath provides managed voice, data, security and cloud services in North America. Bank Street provided financial advice to MegaPath. Phoenix-based Pivotal is a diversified investment company focuses on private equity and real estate.

Tryton Medical raises $20 mln

Tryton Medical said Monday it closed $20 million in PE financing from existing investors RiverVest Venture Partners and 3x5 Special Opportunity Fund. New investor Canepa Advanced Healthcare Fund and an unnamed investor also participated. Durham, N.C.-based Tryton develops stents that are designed to treat coronary bifurcation lesions.

Platinum Equity to buy Bemis Co. pressure sensitive materials unit

Bemis Company said Monday it has agreed to sell its Pressure Sensitive Materials business -- known as “MACtac” -- to Platinum Equity. The purchase price is $170 million. Goldman, Sachs & Co. advised Bemis. Stow, Ohio-based MACtac makes pressure sensitive adhesive products.

Peak Ventures fund I raises $23 million

Peak Ventures said Monday it closed a $23 million venture capital fund that will invest in seed-stage startups in Utah and the Mountain West. Initial amounts will range from $100,000 to $1 million. Peak Fund I has already invested in two companies, Grasswire and Owlet.

Sandlot Solutions raises $23.3 mln

Sandlot Solutions said Monday it raised $23.3 million in fresh capital. This includes $17 million in a preferred stock investment from Lemhi Ventures plus capital infusions from existing investors North Texas Specialty Physicians and Santa Rosa Holdings. Irving, Texas-based Sandlot provides clinical interoperability and community health management solutions.