Dyal Capital Partners acquired a minority stake in Silver Lake, the firm announced Tuesday.
Observable Networks, a network security company, completed a $2 million financing round with participation from MK Capital. Observable Networks will use the funding to grow sales and marketing.
Silverfleet Capital agreed to take a majority stake in the aerospace division of Avingtrans Plc (Sigma), which makes components for the commercial aerospace sector. Silverfleet will buy the stake for an enterprise value of 65 million pounds. Existing management will retain a minority interest.
Middle market firm Insignia Capital Group hired American Securities vice president Julian Hinderling as a vice president. Insignia, based in San Francisco, also hired Seun Svensson-Sodipo as a vice president, Aaron Keller as an associate and Paige Rasmussen as an administrative assistant. Svensson-Sodipo will join Insignia this summer. She previously worked as an investment associate at Helios Investment Partners.
The Abraaj Group exited its investment in Tunisian pharmaceutical company Unité de fabrication de médicaments through an initial public offering on the Tunis Stock Exchange. The IPO, the first in 2016 on the Tunis exchange, was priced at 11.8 Tunisian Dinars per share, implying a market cap of TND 300 million (about $150 million). Abraaj invested in Unimed in 2011.
Warburg Pincus acquired DocuTAP, Inc., a provider of healthcare software for urgent care. Terms of the deal were not disclosed.
Clearlake Capital-backed Swiss Watch International, Inc., named Keith Bradley as chief executive officer and Russell Ackner as chief marketing officer. Both appointments are effectively immediately. Bradley is a Clearlake operating advisor, while Ackner is returning to Swiss Watch, having previously spent more than three years as a vice president of marketing.
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Golden Gate Capital-backed PetroChoice acquired Universal Lubricants’ oil business from Pegasus Capital Advisors. PetroChoice, which provides lubrication for industries like agriculture, heavy industry and mass transit, will add 15 distribution locations with the acquisition. Terms were not disclosed.
Strattam Capital completed a majority investment in Blacksmith Applications, Inc., a software-as-a-service platform for the consumer packaged goods industry. Strattam made the investment alongside Blacksmith’s management, led by founder and CEO Paul Wietecha. Terms of the deal were not disclosed.
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Goldman Sachs Merchant Banking and Silverfern agreed to acquire Continental Bakeries from NPM Capital. The deal is subject to routine regulatory clearances. Continental Bakeries specializes in private label biscuits, bread replacements and toasts.
Clayton Dubilier & Rice agreed to buy Kalle GmbH, which makes artificial casings for meat processing. Terms of the deal were not disclosed. CD&R Partner Vindi Banga will become chairman of Kalle at the close of the transaction, which is expected in the first half of 2016.
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Motus Ventures led a $2 million funding round in Auro Robotics, an autonomous campus shuttle service. Rothenberg Ventures also participated in the funding round.
HTC Corp launched a $100 million accelerator investment fund to focus on virtual reality startups. The fund will focus on three cities initially: Beijing, Taipei and San Francisco, and plans on rolling out into new areas. The program, called Vive X, is open to companies from any industry creating content, tools, applications and accessories that work in the VR ecosystem.
SWaN & Legend Venture Partners led a $6.8 million Series A funding round in UrbanStems, an on-demand flower delivery service. Other participants in the funding included Middleland Capital, NextGen Venture Partners, Interplay Ventures and Sagamore Ventures. The funding will help UrbanStems expand in New York City and Washington, D.C. as well as other cities in the U.S., starting with Philadelphia and Baltimore.
NorthEdge Capital hired Ben Wildsmith as portfolio director to manage the existing portfolio and find new deals across northern England. Wildsmith joined NorthEdge from EY where he worked as corporate finance director in the regional debt advisory business.