AlpInvest recruits Gruccio as principal

Carlyle Group‘s AlpInvest Partners has hired Jeff Gruccio as a principal on its primary investments team. Previously, Gruccio worked at Prudential Financial where he was an investment vice president.


PE HUB Second Opinion

In Second Opinion, Cisco is acquiring Broadsoft for $1.9 billion, Trump says he’s “very, very close” to naming his nominee for Federal Reserve Chairman and Amazon is fielding 238 proposals for its second headquarters.


Insight to acquire Bullhorn from Vista

Vista Equity Partners has agreed to sell Bullhorn to Insight Venture Partners. No financial terms were disclosed. The deal is expected to close in the fourth quarter of this year. Atlas Technology Group advised Vista on the transaction while Evercore Partners advised Insight. Boston-based Bullhorn is a provider of CRM and operations software for the recruitment industry.

First Analysis leads $8 mln round for Blue Medora

Grand Rapids, Michigan-based Blue Medora, a provider of cloud systems management solutions, has raised $8 million in funding. First Analysis led the round. In conjunction with the funding, Howard Smith, a managing director at First Analysis, is joining Blue Medora’s board.

PE-backed Care Advantage adds two to board

Care Advantage, a portfolio company of BelHealth Investment Partners, has appointed Dr. Eric Rackow and Dr. Arthur Laffer to its board of directors. Rackow was the president and CEO of Humana at Home while Laffer is the founder and chairman of Laffer Associates. Virginia-based Care Advantage is a home health services provider.

Huron Capital invests in Hansons

Huron Capital has made an investment in Troy, Michigan-based Hansons Holdings LLC, a provider of marketing and support services for the installation of replacement windows, roofing and siding. No financial terms were disclosed. Angle Advisors represented Hansons on the deal.


GE appoints Siegel as chief innovation officer

General Electric has named Sue Siegel as chief innovation officer. Her appointment becomes effective immediately. Currently, Siegel is the CEO of GE Ventures, a role she will continue in addition to her new responsibilities.

Estre to buy three Brazilian waste management companies

Estre Ambiental S.A., a waste management company in Brazil and Latin America, has agreed to acquire three waste management companies in Brazil. No financial terms were disclosed. The deal is expected to close in early 2018. As previously reported by PE HUB, Estre is merging with Boulevard Acquisition Corp II, a blank check company backed by Avenue Capital Group.

Westmount taps Riely as private capital director

Dallas-based Westmount Realty Capital LLC, a commercial real estate development and investment manager, has hired Shawn M. Riely as director of private capital. Previously, Riely was managing director at Encore Enterprises.

WFAM adds three to team

Wells Fargo Asset Management has named Dan Morris as global head of portfolio solutions within the multi-asset solutions team. Previously, Morris worked at Schroders where he served as head of U.S. portfolio solutions. Also, Martijn De Vree and Frank Cooke are joining the team from Insight Investment and Mercer, respectively.

Archean commits $100 mln to Petrichor

Archean Capital Partners, a private market investment platform formed by Veritable and Moelis AM, has made an $100 million investment to a fund advised by Petrichor Healthcare Capital Management LP. Based in New York, Petrichor is a private equity firm focused on the healthcare sector.

Eargo picks up $45 mln Series C

Silicon Valley-based Eargo, a hearing solutions provider, has raised up to $45 million in Series C funding. Nan Fung Life Sciences led the round with participation from New Enterprise Associates, Charles and Helen Schwab and Maveron.

Abra hauls in $16 mln Series B

Abra, a digital wallet that supports bitcoin, has secured $16 million in Series B funding, according to a blog post. The investors were Foxconn’s venture subsidiary HCM International, Silver8 Capital, Ignia, Arbor Ventures, American Express Ventures, Jungle Ventures, Lehrer Hippeau and RRE.

Riverside to sell Bike24 to Bridgepoint-backed WiggleCRC

The Riverside Company has agreed to sell Bike24 to WiggleCRC, a portfolio company of Bridgepoint. No financial terms were disclosed. GCA Altium, Allen & Overy and Ernst & Young are advising Riverside on the deal. Bike24 is a German online retailer of cycling and tri-sports equipment, accessories and apparel.

PE-backed Serenova acquires TelStrat

Serenova, which is backed by Marlin Equity Partners, has acquired TelStrat, a provider of call recording, quality, analytics, and workforce management solutions. No financial terms were disclosed.