SoftBank Ventures Korea leads $3 mln Series A funding in Korbit

SoftBank Ventures Korea has led a $3 million Series A funding round in Korbit, a bitcoin exchange in Korea. Pantera Capital led the funding round from the U.S. side, with participation from BAM Ventures and previous investors Bitcoin Opportunity Corp, Tim Draper, Pietro Dova and initial investor Strong Ventures.

KKR hires Leafgreen Capital founder to lead Indonesia focus

Kohlberg Kravis Roberts has hired Jaka Prasetya, former managing partner and founder of Leafgreen Capital Partners, to lead the firm’s efforts in Indonesia. Prasetya, who will join the firm as a managing director, also will lead KKR’s credit and special situations initiatives in Southeast Asia. KKR also has hired Rahul Bhargava and Allan So as directors — both of whom were formerly managing directors and partners at Leafgreen.

Rembrandt Venture Partners leads $22 mln Series D funding in Appcelerator

Rembrandt Venture Partners has led a $22 million Series D funding round in Appcelerator, which provides an enterprise mobile engagement platform. Other participants in the funding round include new investor Union Grove Venture Partners, and existing investors Storm Ventures, Sierra Ventures, Mayfield Fund, Translink Capital, Relay Ventures and EDB Investments.


Brentwood Associates acquires Marshall Retail Group

Brentwood Associates has acquired Marshall Retail Group, a specialty retailer for marketplaces in major casino-hotels and airports in the U.S. Golub Capital was the lead arranger for the debt financing supporting the acquisition.


Z Capital wins auction for Canyon Ranch

Z Capital Partners was named the successful bidder in the auction of the Carillon Hotel and Spa, which is currently being operated as Canyon Ranch Hotel & Spa in Miami Beach. Z Capital’s Thomas Wicky, who has experience managing resorts, will play a role in managing the investment.


Riverside Company acquires DMA Corporation

The Riverside Company has acquired DMA Corporation, which provides profitability analysis to banks and credit unions. The Beaverton, Oregon-based companies have customers in the U.S. and Canada. Riverside plans to expand DMA through add-on acquisitions.


peHUB First Read

First Read reveals several Wall Street firms allegedly invested in Mugabe’s government amid massacre, how to 3-D print a master key that opens advanced locks and Amazon is going after Google’s core business.


Oak Hill Capital agrees to buy Berlin Packaging for $1.43 bln

Oak Hill Capital Partners has agreed to acquire Berlin Packaging, which supplies packaging products in North America, for $1.43 billion. Oak Hill has agreed to buy the company from Investcorp. The deal, subject to closing conditions, is expected to close in the third quarter.


Audax completes sale of TriMark USA to Warburg Pincus

Audax Group has completed the sale of TriMark USA to Warburg Pincus. South Attleboro, Massachusetts-based TriMark provides equipment to the food services industry. TriMark completed six add-ons during Audax’s ownership and increased revenue from $260 million to more than $1 billion since Audax first invested in 2006.


Carlyle completes majority investment in Traxys Group

The Carlyle Group has completed the acquisition of a majority interest in the Traxys Group, a metal and minerals commodity merchant, logistics and trading firm. Carlyle made the deal along with affiliates of Louis M. Bacon, founder, chairman and chief executive officer of Moore Capital Management. Traxys’ management has increased its stake in the business as part of the deal. The Carlyle-led investor group bought its stake in Traxys from Pegasus Capital Advisors, Kelso & Company and Resource Capital Funds.


peHUB First Read

To start your week, First Read reveals private equity’s own form of tax inversion, a startup is developing a tech-enabled, friendlier way to collect debt and an earthquake rocked Napa Valley this weekend.


Santé Ventures leads $18 mln Series B funding in Claret Medical

Santé Ventures has led an $18 million Series B funding round in Claret Medical, a developer of products for cerebral protection during structural heart, vascular and cardiac surgery procedures. Other investors in the funding round included Lightstone Ventures and Easton Capital. James Eadie from Santé Ventures and Hank Plain from Lightstone Ventures will join Claret Medical’s board of directors.


CD&R agrees to invest $500 mln in CHC Group

Clayton Dubilier & Rice has agreed to invest $500 million in CHC Group, which provides offshore flying services to the oil and gas industry. CD&R will purchase convertible preferred shares to be issued in a private placement. CD&R has also committed to buy any convertible preferred shares not sold in a $100 million rights offering to existing shareholders, which could bring CD&R’s total investment to $600 million.

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