Luisa Beltran

CTI Foods Sells to Private Equity for Third Time

For a third time, CTI Foods will find itself owned by a private equity firm.

Warburg Closes Latest Fund at $11.2 Bln

Warburg Pincus said Friday it closed its latest fund at $11.2 billion. Investors for Warburg Pincus Private Equity XI L.P. include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals. Warburg said the fund held its final close within one year of its first close.

Apollo-backed Sprouts Files for IPO of Up to $300 mln

Sprouts Farmers Markets LLC, an organic grocer backed by private equity firm Apollo Global Management LLC, filed to raise up to $300 million in an initial public offering of its common stock, Reuters is reporting.

TowerBrook Capital to Buy True Religion in $835 Mln Deal

TowerBrook Capital Partners has agreed to buy True Religion Apparel in a deal valued at about $835 million. Terms of the deal call for TowerBrook to pay $32 for each share of TrueReligion, the U.S. denim brand. The $32 represents a roughly 52% premium to TrueReligion's share price on Oct. 9., the day before the company announced it was exploring strategic alternatives. Deutsche Bank, Jefferies, UBS Investment Bank and Macquarie Capital are providing committed financing. Guggenheim Securities advised True Religion. Deutsche Bank, Jefferies and UBS advised TowerBrook.

Augme Secures $5M Credit Facility from Silicon Valley Bank

Augme Technologies have secured an accounts receivable credit facility from Silicon Valley Bank. The loan allows Augme to borrow up to $5 million. Augme and unit Hipcricket provide a customer engagement platform.

peHUB First Read

This morning, we have Microsoft is in talks to buy Nook Media and Icahn, Southeastern plan to bid for Dell and whether PE hurt Hertz.

Ares to Buy AREA Property Partners

Ares Management agreed to buy AREA Property Partners. Ares is also buying a minority stake in AREA held by National Australia Bank. Financial terms weren't disclosed. AREA Property is a real estate management firm that invests across North America, Europe and India.

Scale Venture Partners Closes Fund IV at $300 Mln

Scale Venture Partners said Friday that it closed its most recent fund with $300 million in commitments. The total exceeded Fund IV's target of $250 million. Limited partners include pension funds, financial institutions, foundations, funds of funds and family offices worldwide. Scale Venture Partners, of Foster City, Calif., targets early-in-revenue technology companies in SaaS, Cloud, Mobile and Internet sectors.

GiveCorps Closes $822,000 Angel Round

GiveCorps has closed a round of angel funding worth $822,000. Investors include: The Abell Foundation; David Warnock, founder of Camden Partners; Vince Talbert, co-founder of Bill Me Later; Lou Pugliese, former CEO of Moodlerooms and former CEO of Blackboard; Frank Bonsal, Jr., co-founder of New Enterprise Associates (NEA); and, Joe Hardiman, former head of the National Association of Securities Dealers. Baltimore-based GiveCorps says it creates technology to make philanthropy easy and accessible to everyone.

Goldman Forms Resolute Anesthesia

Goldman Sachs Private Capital Investing Group has acquired Broad Anesthesia Associates and Mid-Florida Anesthesia Associates and formed Resolute Anesthesia and Pain Solutions, a statement says. The physician-founders and partners of the companies took part in the deal. Regions Bank has provided a senior credit facility to fund the Resolute's growth initiatives. Cross Keys Capital advised Broad and Mid-Florida. Boca Raton, Fla.-based Resolute provides anesthesia and pain management services.