North America

Pavonis Capital Partners launches, begins raising first fund

<p> Houston-based Pavonis Group has launched a private equity arm – Pavonis Capital Partners.</p> <p> </p>

BDT raises $3.5bn for Fund II

<p> Chicago-based merchant bank BDT Capital Partners has raised nearly $3.5 billion for its second buyout fund.</p> <p> </p>

Lexington closes mid-market fund on $1bn

<span class="s1">New York-based </span>Lexington Partners has closed its third middle market fund on $1.07 billion.

Z Capital closes special situations fund on $750m

Illinois-based Z Capital has closed its second special situations fund on $750 million.

Stone Point begins investing Trident VI

<span style="font-family: monospace; font-size: 12.222222328186035px;">Connecticut-based Stone Point is in the market for financial services firms.</span>

Brynwood snaps up Juicy Juice from Nestle

<p><span style="font-family: Calibri; font-size: 11pt;">The juice</span><span class="apple-converted-space" style="font-family: Calibri; font-size: 11pt;"> </span><span style="font-family: Calibri; font-size: 11pt;">brand will be sixth acquisition from</span><span class="apple-converted-space" style="font-family: Calibri; font-size: 11pt;"> </span><span style="font-family: Calibri; font-size: 11pt;">Nestle</span><span class="apple-converted-space" style="font-family: Calibri; font-size: 11pt;"> </span><span style="font-family: Calibri; font-size: 11pt;">and is the largest buyside transaction in Brynwood’s history.</span></p> <!--StartFragment--><p class="xmsonormal" style="margin: 0in 0in 0.0001pt;"><span style="font-size: 11pt; font-family: Calibri;"></span></p> <!--EndFragment-->

Sun Capital closes sixth buyout fund on $2.1bn

<p><span>The Florida-based private equity firm is closing shy of its $3 billion target.</span> </p> <p><span></span> </p>

Former CalPERS CEO pleads guilty to conspiracy

<p><span>Federico Buenrostro will plead guilty to a pay-for-play scheme while he was serving as CalPERS CEO.</span> </p>

Gryphon books 4x return on Flagstone Foods

<p><span>The California-based private equity firm has sold Flagstone Foods to TreeHouse Foods for $860 million.</span> </p> <p><span></span> </p>

VSS hires Patrick Turner as MD

<p><span>Veronis </span><span>Suhler </span><span>Stevenson has hired Patrick Turner as managing director.</span> </p> <p><span></span> </p>