FIMI to invest in Israeli cybersecurity firm Magal

Israeli private equity fund FIMI has agreed to acquire about a 40 percent stake in Magal Security Systems from Ki for $3.50 per share. Following the closing of the transaction, FIMI will be the largest shareholder in Magal. Based in Israel, Magal is a provider of solutions and products for physical and cybersecurity, safety and site management.


Catterton buys luxury jewelry brand John Hardy

Luxury jewelry brand John Hardy, which was backed by 3i, has been acquired by Catterton. No financial terms were disclosed. Also, the company has named Robert Hanson as CEO. The appointment is effective immediately.


Blackstone bets on African infrastructure and power

Blackstone has backed Black Rhino, an African infrastructure development company. The business was set up to develop and operate large-scale infrastructure projects across Sub-Saharan Africa with a focus on the energy sector.


GTCR acquires software company XIFIN

GTCR has acquired XIFIN, Inc., which provides cloud-based software and services to diagnostic service providers. As part of the deal, GTCR will partner with founder and chief executive officer Lâle White and the management team at the San Francisco-based company. GTCR made the investment from its Fund XI, which closed on $3.85 billion earlier this year.

ArcLight to construct new crude oil systems

ArcLight Capital Partners‘ portfolio company Republic Midstream has partnered with Penn Virginia Corporation to construct and operate a crude oil gathering system, a central delivery terminal complex and an intermediate takeaway pipeline. ArcLight has committed $400 million to Republic Midstream, which will be managed by two of ArcLight’s experienced midstream portfolio companies, American Midstream Partners and JP Energy Partners LP.


CCMP Capital Advisors acquires Solvay’s Eco Services business

CCMP Capital Advisors has acquired Solvay‘s Eco Services business unit in a transaction valued at $890 million. Eco Services recycles spent sulfuric acid for continuous supply to the oil refining industry and manufactures high quality virgin acid products for broad industrial applications including mining, water treatment and other chemical processes.

Leeds Novamark backs Commercial Foodservice Repair

Leeds Novamark Capital has backed Commercial Foodservice Repair to support its acquisition of Foodservice Technologies. Headquartered in Greenville, South Carolina, CFR is a provider of foodservice equipment maintenance and repair services to convenience stores, restaurants, retailers, and other foodservice channels.

Trilantic/First Reserve portfolio company acquires Granite Wash assets

Newfield Exploration Company is selling its Granite Wash assets to Trilantic/First Reserve portfolio company Templar Energy. The value of the transaction is $588 million. Newfield’s assets in the Granite Wash include approximately 42,000 net acres and current net daily production is nearly 65 MMcfe/d, of which approximately 60% is natural gas.


Baird Capital exits Frontage

Tigermed has acquired a majority ownership stake in Frontage Labs from Baird Capital. No financial terms were disclosed. Based in Exton, Pennsylvania, Frontage is a provider of bioanalysis, preclinical studies, early phase clinical studies and product development services for biopharmaceutical firms.

FleetServe snags funding from Pummerin

Pummerin Investments has acquired a minority stake in FleetServe. No financial terms were disclosed. According to FleetServe, the capital infusion will be used for personnel hiring and to grow its service equipment and IT capabilities. Based in Ponder, Texas, FleetServe is a provider of preventative maintenance solutions of oilfield heavy equipment and highway fleets.

EDG Partners invests in MMIS

MMIS has received an undisclosed investment from EDG Partners. Based in New York, MMIS is a provider of compliance and business intelligence solutions for the life science sector.

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