Huron Capital-backed hunting accessories business Good Sportsman Marketing completed two add-ons: Scent Web from Beaverton, Mich.-based A-Way Hunting Products, and Eugene, Oregon-based Bullseye Camera Systems. Huron has completed three add-ons for Good Sportsman Marketing since it acquired the platform company in June 2016.
Sterling Group promoted Brad Staller to partner. Staller joined Sterling Group in 2008 and serves on the boards of Time Manufacturing, ProcessBarron and Specified Air Solutions.
SWaN & Legend Venture Partners hired Todd Foreman as a managing director. Foreman previously worked at UCG, a portfolio of business information and software companies (and former owner of Buyouts Insider), where he was a partner for more than 20 years. He worked as chief executive officer since 2010. From 2004 to 2015, Foreman was a part owner of the Atlanta Hawks Basketball and Entertainment, which owned the NBA’s Atlanta Hawks, the NHL’s Atlanta Thrashers and operating rights to Atlanta’s Philips Arena.
Deutsche Beteiligungs agreed to sell Formel D, a service provider to the automotive industry, to 3i. DBAG Fund V and Formel D’s management team will divest their holdings. The sale is subject to regulatory approval and is expected to be completed within three months.
First Read closes out your week with news judge asks federal prosecutors to investigate Uber’s driverless car program, Airbnb looks to Latin America and Softbank leads $502 mln investment in Improbable.
Accel led a $32 million Series A funding round in Podium, a SaaS platform that helps connect local businesses and consumers through messaging tools and online reviews. Other investors in the funding round included Summit Partners, GV and previous investor Y Combinator. Previously, Podium raised $4 million over two seed rounds.
Peterson Partners and Mountaineer Capital Partners are partnering to develop an investment platform to focus on investments in infrastructure issues facing municipalities in the U.S. The platform will seek to connect private enterprise with the public sector to focus on issues like energy efficiency, LED lighting and smart city technologies.
O2 Investment Partners-backed Clio Holdings, in partnership with Oakland Standard Co., completed the acquisition of Premier Surfaces Inc. from its founder Eric Tryon. As part of the deal, Tryon will become Clio’s chief executive officer. Premier Surfaces makes and installs custom countertops through the southeastern U.S.
Harbert Growth Partners joined Ascent Venture Partners and Osage Venture Partners in an $11 million Series C funding in e-commerce marketing company Sidecar. Other investors in the round included The Yard Ventures, a Harvard alumni venture fund, and Silicon Valley Bank, which provided debt financing. Sidecar has raised $26 million in less than three years.
PeakEquity Partners hired Justin Reger as a principal in its Radnor headquarters to focus on investments in enterprise software companies. Reger joined PeakEquity from LLR Partners, where he worked for nine years leading the enterprise application software practice. Before, Reger worked at Citigroup where he advised private equity firms on LBOs.
Ardian acquired a minority stake in the Abvent Group, which publishes and distributes software for architects. Abvent will use the funding to increase market share in the building information modeling sector.
Ardian agreed to acquire a 60 percent stake in the global product solutions division of publicly listed engineering group Assystem. The global solutions division specializes in product engineering and post-development services for clients in the aerospace, automotive, transportation and manufacturing industries.
Eurazeo partnered with West Street Capital Partners VII, managed by Goldman Sachs, to acquire Dominion Web Solutions for $608 million. Dominion provides a digital marketing platform for the RV, commercial truck and equipment industries. The Dominion investment represents Eurazeo’s first in the U.S. since opening its North America headquarters in Sept. 2016.
Neptune Energy Group, backed by Carlyle Group, CVC Capital Partners and co-investors, agreed to acquire ENGIE E&P International for $3.9 billion. Neptune will acquire ENGIE E&P International from France’s ENGIE Group. Neptune was launched in 2015 to invest in large oil and gas portfolios.
Houlihan Lokey hired Heather Smith as a managing director and head of structured equity in the firm’s capital markets group. Smith joined the investment bank from Sagent Advisors, where she led private financing solutions group. She previously worked in the private placement groups at Deutsche Bank and Greentech Capital.
One Equity Partners-backed Neology, Inc. agreed to acquire the tolling and automated license/number plate recognition business of 3M’s traffic safety and security division. Neology is a subsidiary of SMARTRAC, a One Equity portfolio company. The deal is expected to close by the third quarter of 2017. Terms of the deal were not disclosed.
Shore Capital Partners-backed IZI Medical Products, an interventional products platform, acquired the vertebroplasty platform of products from Cook Medical. The products are used to treat vertebral compression fractures through minimally invasive procedure. As part of the acquisition, Michael Shaffer will move from Shore Capital to IZI as its chief financial officer.
Silverfern Group completed a follow-on investment in portfolio company Broad River Power Holdings, a gas turbine electric power plant located 40 miles from Charlotte, N.C. Silverfern made the investment in partnership with Arroyo Energy Investors.