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Bain, SK Hynix group ups bid for Toshiba chip unit to $22 billion: Reuters

A group including Bain Capital and South Korea’s SK Hynix (000660.KS) has raised its offer for Toshiba Corp’s (6502.T) chip business to 2.4 trillion yen ($22.3 billion) including a 200 billion yen investment in infrastructure, Reuters reported.

Henri de Castries joins General Atlantic

General Atlantic said Sept. 11 that Henri de Castries has joined as chairman of Europe and special adviser. He is the former chairman and CEO of AXA Group.

Eaton Partners beefs up team with five new additions

Placement agent Eaton Partners, a subsidiary of Stifel Financial Corp, has expanded its team with five new hires. Joining the company are Craig White as a managing director to the distribution team based in the Rowayton office; Daniel Rosenthal Ayash as a vice president in the London office within the distribution team; Aki Islam as a vice president in the London office within the project management team; Nina Yang as a director in the Hong Kong office within the origination/project management team; and Ryan Haselden as a senior associate in the Houston office within the origination/project management team.

Kraft Heinz names 3G Capital partner David Knopf as CFO: Reuters

Heinz ketchup maker Kraft Heinz Co said on Friday 3G Capital partner David Knopf would replace Paulo Basilio as its chief financial officer, starting in October, Reuters reported.

PE-backed Solace hires Rechan as president/CEO and appoints Betts as board chair

Solace, which is backed by Bridge Growth Partners, has named Craig Betts as chairman of the board and Leslie Rechan as president and CEO. Betts is the founder of Solace while Rechan is the ex-president and CEO of Halogen Software. Based in Ottawa, Ontario, Solace is a provider of open data movement technology.

THL Credit hires Credit Suisse executive to build Australia, New Zealand relationships

THL Credit Advisors hired Mike Backwell as its Australia and New Zealand representative to build relationships for funds and separate accounts in THL Credit's Direct Lending and tradable credit strategies. Prior, Backwell worked as a director at Credit Suisse responsible for fixed income sales in Australia and New Zealand.

Summit hires former IQNavigator CEO Joe Juliano into Executive-in-Residence program

Summit Partners hired Joe Juliano, former president and CEO of IQNavigator, into its Executive-in-Residence program. Juliano will work closely with Summit's technology team to identify opportunities in enterprise application software companies. Juliano previously was president of RedPrairie, which provides supply chain and workforce management software.

PE-owned Pearl Capital recruits Kogan as chief revenue officer

Pearl Capital Business Funding, which is owned by Capital Z Partners, has named Jared Kogan as chief revenue officer. Previously, he was director of OnDeck's broker division. Pearl is a provider of direct financing to small and medium-sized businesses.

Petraeus and DeWalt join KKR-backed Optiv Security board

Optiv Security, which is backed by KKR, has named retired U.S. Army General David Petraeus and Dave DeWalt, ex-CEO of FireEye and McAfee, to its board of directors. Based in Denver, Optiv Security is a provider of cyber security solutions.

Sasidharan joins Ares Commercial Real Estate

Ares Commercial Real Estate Corp said Sept. 6 that Sumit Sasidharan was named managing director and head of real estate debt capital markets at its external manager, a subsidiary of Ares Management LP. Sasidharan is assuming the responsibilities of Precilla Torres, who will remain at Ares and take on a new role managing funds that invest in a variety of real estate securities, including commercial mortgage-backed securities. Sasidharan previously served as managing director of the Annaly Commercial Real Estate Group.