US

Kairos Ventures targets $250 mln for third fund

Kairos Ventures is seeking to raise $250 million for its third fund, according to an SEC filing. Based in Beverly Hills, California, Kairos invests in scientific discoveries.

West Monroe Partners collects $1.1 mln for $10 mln-targeted fund

West Monroe Partners, a Chicago-based management consulting firm, has raised $1.1 million for its inaugural fund, according to an SEC filing. The target is $10 million.

Etroy leaves CDPQ post as PE head

GTCR, Clearlake eye $2.5 bln-plus in sale of Lytx

GTCR and Clearlake Capital-backed Lytx, a video telematics provider, is looking for a new buyer, four sources familiar with the process told Buyouts.

Reverence-backed Advisor Group to buy Ladenburg Thalmann

Advisor Group, a portfolio company of Reverence Capital, agreed to buy Ladenburg Thalmann in a deal valued at about $1.3 billion. Ladenburg Thalmann is a network of five independent broker-dealers. Alex Yavorsky, Ray Bader and Yash Mathur of Jefferies advised Ladenburg on the process, while Alison Ressler, Jared Fishman and Jordan Bunn of Sullivan & Cromwell LLP served as their legal counsel. Eversheds Sutherland, Kirkland & Ellis LLP, and Greenberg Traurig LLP were the attorneys for Advisor Group/Reverence Capital. Bank of America, UBS Securities, Barclays, Deutsche Bank Securities and Goldman, Sachs & Co have committed to provide financing for the deal.

Ear piercing company Studs nets $3 mln

Ear piercing company Studs has raised $3 million in funding. First Round Capital led the round with participation from Lerer Hippeau.

Legion Capital funds Prevailion

Prevailion, a cybersecurity company, has raised an undisclosed amount of funding. The investor was Legion Capital Partners.

New Mountain-backed TRC buys LM-DES

The acquisition positions it to capitalize on a fast-evolving energy market and continue to meet the growing needs of clients

PE-backed Calero Software and MDSL to merge

Calero Software, which is backed by Riverside Partners, and MDSL, which is backed by Sumeru Equity Partners, are planning to merge. No financial terms were disclosed. Oak Hill Capital and Riverside will be the lead investors in the transaction. SEP will continue as a "significant" investor in the combined business. Calero and MDSL are software providers in the recurring technology expense management space. The deal is expected to close in either the late fourth quarter of this year or in the early quarter of 2020.

PE-backed Planet to buy staffing provider WinterWyman

WinterWyman is a leading staffing provider specializing in Technology, Finance & Admin and Human Resources.