US

PE-backed Pioneer Transformers acquires Power Partners from OpenGate

Pioneer Transformers LP, a portfolio company of Mill Point Capital, has acquired Power Partners LLC from OpenGate Capital. No financial terms were disclosed. Based in Athens, Georgia, Power Partners is a maker of transformer products for investor-owned utility, public power, industrial and commercial OEMs and international customers.

ClearLight exits Richardson

European investor Kartesia has purchased ClearLight-backed Richardson, a provider of tech-enabled, enterprise sales training solutions to the 'Global 1000', BusinessWeek's list of the world's thousand top companies by market capitalization.

JLL Partners racks up over $686 mln for eighth fund

JLL Partners has raised over $686 million for its eighth fund, according to an SEC filing.

Wind Point forms Pestell Nutrition and Targeted PetCare

PN is a leading distributor of high-value nutritional additives and ingredients for the animal nutrition and pet food industries across Canada and the U.S.

Blackstone Life Sciences and Ferring Pharmaceuticals to invest $570 mln in new gene therapy firm

Blackstone Life Sciences and Ferring Pharmaceuticals will invest $570 million in FerGene, a new gene therapy company. According to terms of the joint venture, Blackstone will invest $400 million while Ferring will invest up to $170 million.

DIF Capital acquires energy platform BluEarth from OTTP

BluEarth is a leading, independent, power producer that develops, builds, owns and operates wind, hydro and solar facilities.

Sun Capital buys National Tree

the business is led by the original founder’s three sons, Joe, Sal (Jr) and Rich Puleo. The Company offers more than 4,500 SKUs and has strong relationships with many of the most popular online retailers.

NGP taps Citadel's Wexler for biz and talent development

Prior to joining NGP, Wexler worked at Citadel.

Great Hill, Spectrum buy Varicent from IBM

Great Hill Partners and Spectrum Equity said Nov. 25 that they agreed to buy the assets of IBM’s sales performance management business. Financial terms weren’t announced. Great Hill and Spectrum are relaunching Varicent Software, which will be led by Marc Altshuller. IBM acquired Varicent in 2012.

Nothing Bundt Cakes buys six San Diego bakeries

NBC is a market leading franchisor and operator of gourmet bakeries offering specialty Bundt cakes and related merchandise with over 320 locations in the United States and Canada.