Luisa Beltran

New Mountain Loses Managing Director Alok Singh

Alok Singh, a long-standing executive of New Mountain Capital, has left the private equity firm, which is currently raising its fourth fund.

Peak Rock Buys Atlas Paper

Peak Rock Capital has acquired Atlas Paper Mills. Financial terms weren't announced. Miami-based Atlas makes tissue paper.

Bessemer Venture Leads $45 Mln Round for Adaptive Planning

Adaptive Planning said Tuesday it secured $45 million in venture funding led by Bessemer Venture Partners. Existing investors ONSET Ventures, Norwest Venture Partners (NVP), RBC Venture Partners, Cardinal Venture Capital, and Monitor Ventures also participated. Mountain View, Calif.-based Adaptive Planning provides cloud-based business analytics solutions for companies and nonprofits.

KPS Inks Buys of Wausau Specialty Paper, Thilmany

KPS said Monday it has agreed to buy the specialty paper business of Wausau Paper Corp. The PE firm is also buying the specialty paper business of Packaging Dynamics Corp., which is known as Thilmany. The acquisitions are expected to close in second or third quarter. Goldman Sachs & Co. and GE Capital Markets are acting as lead arrangers for debt financing.

3i Sells Xellia Pharma to Novo Group

The Novo Group has acquired Xellia Pharmaceuticals for about $700 million. The sellers are 3i and other Xellia shareholders. Xellia, of Oslo, Norway, is a specialty pharmaceutical company focused on anti-infective products.

Olympus Partners Hits $1.7B First Close, Fundraising Delayed by Extra-Cautious Munis

Olympus Partners has hit a first close of more than $1.7 billion for its sixth fund and expects to hold a final close on $2.5 billion by the end of next month, a source tells peHUB.

KPS Capital to Buy Wausau Paper Unit

Wausau Paper said Monday it has agreed to sell its specialty paper business to KPS Capital Partners. KPS previously announced it was buying the specialty paper business of Packaging Dynamics Corp. KPS plans to combine this business with the Wausau unit and create a new company that will be called Expera Specialty Solutions. The sale will result in net cash proceeds to Wausau Paper of approximately $110 million.

Centerfield Capital Closes Fund III at $171 Mln

Centerfield Capital Partners said Monday that its third fund raised more than $171 million. Centerfield Capital Partners III exceeded its $150 million target. Centerfield provides subordinated debt and equity capital to lower middle market companies.

Newsle Raises $1.65 Mln Series A

Newsle said Monday it raised $1.65 million in a Series A round of venture financing led by Advance Publications Inc. Maveron, DFJ,Transmedia Capital and Launny Steffens, and previous investor Rockwell Schnabel also participated. San Francisco-based Newsle is a web app that is said to track news about you, the people you know and anyone that interests you.

GLM Buys Pier Antiques, Antiques at the Armory Show

GLM, which is backed by Providence Equity Partners, has acquired the Pier Antiques Show and the Antiques at the Armory Show. Stella Show Management Company was the seller. Financial terms were not announced. White Plains, N.Y.-based GLM produces and markets tradeshows serving the retail industry.