HMC collects 122 mln euros for European private debt fund

Harbert Management Corp has closed its first European private debt fund at 122 million euros. The limited partners of the Harbert European Growth Capital Fund I include European government development agencies, private pensions, family offices and funds-of-funds.

PE-owned Pure Gym buys fitness chain LA Fitness

Pure Gym, which is owned by CCMP Capital, has acquired fitness chain LA Fitness. No financial terms were disclosed. Global Leisure Partners advised Pure Gym on the transaction while Canaccord Genuity did likewise for LA Fitness.

HKW exits Crane Rental Corp

Maxim Crane Works, a portfolio company of Platinum Equity, has acquired Crane Rental Corp, an Orlando, Florida-based crane rental, hauling, and rigging company. The seller was Hammond, Kennedy, Whitney & Company. No financial terms were disclosed. TM Capital provided financial advice to HKW on the transaction. scores $30 mln Series C, a China-based ecommerce platform that sells fashion products, has secured $30 million in Series C funding. Pacific Venture Partners led the round with participation from other investors that included Kleiner Perkins Caufield & Byers.

China Digital TV and Tongda Venture to invest in China-focused digital TV fund

China Digital TV Holding Co. Ltd, a provider of conditional access systems to China’s digital television market, and Shanghai Tongda Venture Capital Co. Ltd, are backing a fund focused on China’s digital TV sector. The target is about RMB3 billion. Initially, China Digital TV will invest RMB100 million in the fund while Tongda will invest RMB200 million. Fund management company Shoutai Jinxin will serve as the fund’s general partner.

Crosswinds appoints McCormick as interim CFO

Crosswinds Holdings Inc has named Susan McCormick as interim chief financial officer. The appointment becomes effective June 1. McCormick’s work background includes stints at CIBC, Credit Suisse and Yahoo! Canada.

Monroe Capital closes $412 mln CLO

Monroe Capital has closed a $412 million term debt securitization known as Monroe Capital BSL CLO 2015-1. According to the company, this is the second CLO that Monroe has closed in the last six months. BNP Paribas served as the lead manager, structuring agent and bookrunner.

Debate moderator Bob Schieffer talks to the audience before the start of the final U.S. presidential debate between Republican presidential nominee Mitt Romney and President Barack Obama in Boca Raton, Florida, October 22, 2012. REUTERS/Jason Reed (UNITED STATES  - Tags: POLITICS ELECTIONS USA PRESIDENTIAL ELECTION)   - RTR39G5V

peHUB First Read

First Read closes out your week with news Intel is close to acquiring Altera for $15 bln, Bob Schieffer prepares to sign off as anchor of “Face the Nation” and ex-Lehman CEO Dick Fuld says at least his mother still loves him.


peHUB Second Opinion

In Second Opinion, J.P. Morgan is expected to lay off more than 5,000 by next year, Johnson & Johnson accepts a $1.94 billion offer to sell Cordis health devices unit to Cardinal Health and Google unveils Android Pay, its Apple Pay competitor.


Francisco Partners completes HealthcareSource acquisition

Francisco Partners has closed its previously announced buy of Woburn, Massachusetts-based HealthcareSource, a talent management solutions provider for healthcare. No financial terms were disclosed. William Blair & Company advised HealthcareSource on the transaction. HealthcareSource was backed by Insight Venture Partners. to acquire VC-backed C9 is planning on buying San Mateo, California-based C9 Inc, a provider of predictive analytics. No financial terms were disclosed. C9’s backers include Mayfield Fund, InterWest Partners and Leapfrog Ventures.

Pronutria Biosciences pulls in $39 mln Series C

Cambridge, Massachusetts-based Pronutria Biosiences, a developer of treatments to mediate amino acid biology, has closed $39 million in Series C funding. Fidelity Management & Research Company led the round with participation from other investors that included Flagship Ventures.


GumGum rakes in $26 mln Series C

Advertising platform GumGum has raised $26 million in Series C funding. Morgan Stanley Expansion Capital led the round with participation from other investors that included New Enterprise Associates, Upfront Ventures and First Round Capital.

VC-backed AppLift buys Bidstalk

AppLift, which is backed by Prime Ventures, has acquired Bidstalk. No financial terms were disclosed. Headquartered in Singapore, Bidstalk is a white label mobile advertising platform.


LifeIMAGE picks up $17.5 mln

Cambia Health Solutions has led a $17.5 million funding round for LifeIMAGE. Cardinal Partners, Galen Partners, Long River Ventures, Mass Ventures and Partners Innovation Fund also participated in the round. Oppenheimer & Co. Inc was the placement agent. Headquartered in Newton, Massachusetts, LifeIMAGE is a medical image exchange platform provider.

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