WCAS sells GlobalCollect

Welsh, Carson, Anderson & Stowe has sold portfolio company GlobalCollect to Ingenico Group. WCAS generated sale proceeds of approximately $815 million, which will be distributed to the partners.

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Galena closes maiden private equity resources fund

Galena Asset Management has closed its first private equity resources fund with $400 million of total committed and invested assets. The fund invests in both the equity and debt of small-to medium-sized metals and mining companies.

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Parthenon Capital Partners sells Sequoia Golf Holdings

Parthenon Capital Partners has sold portfolio company Sequoia Golf Holdings to ClubCorp for approximately $265 million. Headquartered in Atlanta, GA, Sequoia owns or operates 50 private clubs, semi-private and resort golf facilities located across the U.S.

Netuitive secures $6.5 mln funding

Netuitive, a provider of IT analytics, has secured an additional $6.5 million in equity financing. The financing was led by MK Capital and Rembrandt Venture Partners. Cross Creek Advisors and Columbia Capital also participated.

Resilience Capital Partners acquires Riverside Manufacturing Company

Resilience Capital Partners has acquired Riverside Manufacturing Company, a manufacturer of flame-resistant clothing, work wear and casual apparel. Riverside is Resilience Capital Partners’ first add-on acquisition by its Affinity Specialty Apparel investment platform, which it acquired in December 2013.

KPS Capital Partners’ MCI completes recap

KPS Capital Partners‘ portfolio company Motor Coach Industries International has completed a recapitalization. MCI raised a new $130 million term loan in conjunction with the amendment and extension of the company’s existing $115 million asset-based revolving credit facility.

CapMan exits Profit Software

CapMan has sold its holding in Profit Software Oy to Via Venture Partners, Finnish Industry Investment Ltd and the company’s management team. Profit Software provides IT solutions to the insurance sector. CapMan invested in Profit Software in 2009.

BGF backs Victoria

UK investor BGF has backed Victoria, a manufacturer of carpets and floor coverings. This is BGF’s first investment in a publicly listed company.

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WestView Capital Partners backs The Paper Store

The Paper Store, a specialty gift store based in Acton, Massachusetts, has received a minority growth equity investment from WestView Capital Partners. The Paper Store will continue to be majority-owned and operated by its existing management team.

first read oct 1
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peHUB First Read

Find out the latest midweek news including news of Hellman & Friedman’s $10 billion for Fund VIII, Oregon PERS later stage performance and some background on venture capital exit success rates.

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Pristine raises Series A led by S3 Ventures

Pristine has raised $5.4 million in Series A financing led by Austin-based S3 Ventures. Capital Factory, HealthFundr, and a syndicate of strategic clients also participated. Pristine is a developers of HIPAA-compliant video streaming and checklist solutions for Google Glass.

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Allakos secures $10 mln

Biotechnology company Allakos has secured an additional $10 million investment from current investors to fund the development of an additional therapeutic antibody. All of the company’s current investors participated including Novo Ventures, Alta Partners, RiverVest Venture Partners and the Roche Venture Fund.

PineBridge commits to Capital Índigo

PineBridge Investments has committed to Capital Índigo, a private equity firm based in Mexico City. PineBridge has committed to the firm’s fund Índigo I FICAP, which is focused primarily on growth-equity and mezzanine investments in Mexican mid-sized companies.

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CIVC Partners acquires KPA Services

CIVC Partners has acquired KPA Services. KPA provides environmental, health, & safety compliance and human resource management solutions to over 5,000 automotive, truck and equipment dealerships, and service companies.

Heliatek completes Series C

Heliatek has completed a series C financing. The round was led by AQTON SE with participation from existing investors Bosch, BASF, Innogy Venture Capital, Wellington Partners, eCAPITAL, HTGF and TGFS.

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