PE-backed retailers DTLR and Sneaker Villa merge

DTLR Inc, which is backed by Bruckmann, Rosser, Sherrill & Co and Sneaker Villa Inc, a portfolio company of Goode Partners, have merged. The newly combined company will focus on footwear and apparel retailing. No financial terms were disclosed.

Steve Bannon

PE HUB Second Opinion

Second Opinion ends the week with news that Trump’s chief strategist Steve Bannon gets the boot, Biotech startups ditch New York and Boston over rising rent prices and self-help publisher Chicken Soup for the Soul falls in its IPO debut.

Hidden Harbor acquires Stella

Hidden Harbor Capital Partners has acquired Houston-based Stella Environmental Holdings Inc, a provider of transfer station management and municipal waste logistics services. No financial terms were disclosed. Stella was a division of Action Resources. Monroe Capital provided financing for the deal while Raymond James advised Stella.


PE-backed Quick to acquire Unitrans

Q International Courier LLC has agreed to acquire Los Angeles-based Unitrans International Corporation, an international freight forwarder and a unit of Roadrunner Transportation Systems Inc. No financial terms were disclosed. Quick is backed by The Jordan Company.

3Bar Biologics nabs $2 mln

Columbus, Ohio-based 3Bar Biologics Inc, a provider of a microbe delivery system, has secured $2 million in funding. The investors included Rev1 Ventures, Maumee Ventures, Ohio TechAngel Funds, Queen City Angels, Carmen Innovations and SVG Thrive Fund.


GPP-backed Softbox acquires Tempack

Softbox Systems, a portfolio company of Great Point Partners, has acquired Barcelona, Spain-based Tempack Packaging Solutions, a developer of packaging solutions that transport pharmaceutical products. No financial terms were disclosed.

UangTeman pulls in $12 mln Series A

UangTeman, an Indonesian microlender, has raised $12 million in Series A funding. K2 Venture Capital Ltd, Enspire Capital and Alpha JWC Ventures led the round with participation from Draper Associates.


HPS and EGI to acquire Waste Industries

HPS Investment Partners LLC and Equity Group Investments have agreed to acquire Waste Industries, a provider of non-hazardous solid waste collection, transfer, recycling, and disposal services. No financial terms were disclosed. As a result of the deal, Macquarie Infrastructure Partners will no longer be a primary backer of Waste Industries. The transaction is expected to close in late September.

PE-backed Grand Transformers taps Paul as CEO

Grand Haven, Michigan-based Grand Transformers, a maker of custom engineered magnetics, has appointed Stephen A. Paul as CEO. Previously, Paul worked at Jefferson Electric where he served as chief operating officer. Grand Transformers is a portfolio company of Blackford Capital.


Huron Capital backs new surimi seafood platform

Huron Capital has made an investment in a new surimi seafood platform formed by Aquamar Inc and LM Foods LLC. No financial terms were disclosed. The platform will focus on producing and selling crab-flavored seafood to food service, food manufacturing and retail channels mostly in North America. Based in Rancho Cucamonga, California, Aquamar is a maker of shred style surimi while Carteret, New Jersey-based LM Foods is a producer of frozen, private label surimi seafood.


PE-backed KBS buys Varsity Facility Services

Kellermeyer Bergensons Services LLC, which is backed by GI Partners, has acquired Salt Lake City-based Varsity Facility Services, a facilities services provider. No financial terms were disclosed.

Monstar Lab picks up $6.3 mln

Monstar Lab Inc, a Japanese software development firm, has raised $6.3 million in funding. The investors included YJ Capital Inc., Shinsei Corporate Investment Limited, San-In Chuo Television Broadcasting Co., Ltd., Fenox Venture Capital and Tanabe Corp.

Immersv scores $10.5 mln Series A

Emeryville, California-based Immersv, an interactive advertising platform for mobile 360 and virtual reality, has closed $10.5 million in Series A financing. Rogers Venture Partners led the round with participation from other investors that included Foundation Capital, The Venture Reality Fund, Initial Capital, East Ventures, HTC Vive and GREE. In conjunction with the funding, Paul Sestili, a general partner at Rogers Venture Partners and Hironao Kunimitsu, founder and CEO of Gumi, have joined Immersv’s board of directors.

Air Berlin

PE HUB First Read

First Read ends the week with news ISIS claims responsibility for Barcelona terror attack, White House pulls plug on infrastructure advisory council and Mic to lay off 25 people in the news division.


Clearlake-backed ConvergeOne buys SPS

ConvergeOne, which is backed by Clearlake Capital, has acquired New Jersey-based Strategic Products and Services, a multivendor communication and networking managed service provider. No financial terms were disclosed. Houlihan Lokey served as investment banker to SPS on the transaction.