Providence to exit KIN

Providence Equity Partners has agreed to sell its stake in KIN, a telecommunications infrastructure provider in Indonesia, to Protelindo. No financial terms were disclosed.

John Bolton

PE HUB Second Opinion

Second Opinion closes out the week with news that Dropbox surges more than 40 percent in its IPO debut, Trump names the hawkish John Bolton as his third national security adviser and Elon Musk deletes the Facebook accounts for Tesla and SpaceX.

Ardenton Capital backs Achieve 1

Ardenton Capital Corp has made an undisclosed investment in Achieve 1. Boxwood Partners LLC was financial adviser to Achieve 1 on the transaction. Based in Richmond, Virginia, Achieve 1 is an IT architecture and services company.


PE-backed Infogix buys Lavastorm

Infogix, which is backed by Thoma Bravo, has acquired Lavastorm, a provider of data preparation and advanced analytics. No financial terms were disclosed.

Everledger nets $10.4 mln Series A

London-based Everledger, a digital ledger, has raised $10.4 million in Series A funding. GMP Securities and Fidelity Investments led the round with participation from Vickers Ventures Partners, Graphene Venture Capital, FPV, Fenbushi, Bloomberg Beta and Rakuten. In addition to the funding, Everledger has added Dr. Finian Tan, the chairman of Vickers Venture Partners, to its board.


BelHealth promotes three

New York-based healthcare-focused private equity firm BelHealth Investment Partners has promoted Paul Barrett to managing director, Rebecca Yu to vice president and Peter Gurny to senior associate. Prior to joining BelHealth, Barrett was an associate and analyst in CIT Group‘s healthcare investment banking division; Yu was a vice president in the healthcare and consumer group at Warburg Pincus; and Gurny was an associate in the leveraged finance division of Citizens Financial Group.

Fly Blade pulls in 38 mln Series B

Fly Blade Inc, a helicopter company, has raised about $38 million in Series B Financing. Colony NorthStar and Lerer Hippeau led the round with participation from Airbus Helicopters and LionTree Ventures.

ServiceTitan hauls in $62 mln Series C

Glendale, California-based ServiceTitan, a provider of workflow and field service management software for home-service businesses, has raised $62 million in Series C funding. Battery Ventures led the round with participation from return backers Bessemer Venture Partners and ICONIQ Capital. In conjunction with the transaction, Battery General Partner Michael Brown will join ServiceTitan’s board.

GoldenTree closes first European CLO at 405 mln euros

GoldenTree has closed its first European collateralized loan obligation at 405 million euros. Citigroup arranged the CLO as the structuring lead while Barclays and Morgan Stanley were co-leads. Goldman Sachs and Wells Fargo Securities were the placement agents.

Brennan and Sidra recap 11-property multi-state industrial portfolio for $159.2 mln

Brennan Investment Group and GCC-based Sidra Capital has recapitalized a 11-property, multi-state industrial portfolio for $159.2 million. Holliday Fenoglio Fower LP represented the buyers and the seller, a joint venture between Brennan Investment Group, Arch Street Capital Advisors LLC and Gatehouse Financial Group Limited. The portfolio comprises properties in Georgia, Illinois, Michigan, Minnesota, Ohio, Pennsylvania and Texas.


Blackstone invests in Kohlberg

Blackstone has acquired a minority equity stake in Kohlberg & Company, a middle-market private equity firm. No financial terms were disclosed. Evercore served as financial adviser to Kohlberg while Ropes & Gray provided legal counsel. And, Simpson Thacher served as legal counsel to Blackstone.