Clayton, Dubilier & Rice has appointed Sandra E. Peterson as an operating partner. Her new role begins April 29, 2019. Peterson is the former group worldwide chairman of Johnson & Johnson.
Rethink Education is seeking to raise $150 million for its third fund, according to an SEC filing. The White Plains, New York-based venture firm invests in educational tech startups.
UK-based BestBid, a multi-agent home vendor, has secured 500,000 pounds in seed funding. Hambro Perks led the round.
ClearCourse, which is backed by Aquiline Capital Partners, has acquired UK-based NetXtra, a provider of intuitive integrated digital services to the membership, charity, not-for-profit and ecommerce sectors. No financial terms were disclosed.
Labster, a science education startup, has raised $21 million in Series B funding, according to a blog post on its site. Owl Ventures led the round with participation from other investors that included Balderton Capital, Northzone, Swisscom Ventures, EduCapital and Entangled Group.
Palo Alto, California and Helsinki, Finland-based Meru Health, a digital clinic for greater mental health, has secured $4.2 million in financing. The investors were Freestyle Capital, Bonit Capital, Y Combinator, Lifeline Ventures and IT-Farm.
CIT Group Inc has provided $24.75 million to a joint venture between Kayne Anderson Real Estate Advisors and MBRE Healthcare. The financing will be used to acquire a Springfield, Massachusetts-based medical office building complex.
Tooling Tech Group, a provider of highly engineered tools and assembly equipment, has appointed Lee Childers as CEO. Childers joined TTG as chief operating officer in early 2018. TTG is backed by GenNx 360.
Grain Management has closed its fourth fund at nearly $900, beating its $750 million target. Grain Communications Opportunity Fund II LP will focus on mission-critical communications assets, both domestic and abroad. Credit Suisse Securities (USA) LLC was placement agent for GCOF II while Paul, Weiss, Rifkind, Wharton & Garrison served as fund formation counsel.
TCV has made an investment in Framingham, Massachusetts-based Rave Mobile Safety, a provider of critical communication and data platform solutions. No financial terms were disclosed. Shea & Company served as financial adviser to TCV on the transaction while Raymond James & Associates did likewise for Rave.
BV Investment Partners has made an investment in Brandenton, Florida-based Franco Signor, a provider of medicare secondary payer compliance solutions. No financial terms were disclosed. JMP Securities LLC was financial adviser to Franco Signor on the deal.
Tel Aviv-based Oriient, a provider of indoor GPS, has raised $4 million in seed funding. The investors were F2 Capital and innogy Innovation Hub, the accelerator and venture capital arm of innogy SE.
First Read begins the day with news that Chipotle earnings top estimates as digital sales double, Facebook expects to be fined up to $5 billion by the FTC for privacy issues, and Deutsche Bank merger talks Commerzbank end in failure
Ansira Partners, which is backed by Advent International, has named Laurie MacLaren as CEO. MacLaren is succeeding Daina Middleton, who will become Ansira’s vice chair and serve as adviser to its board of directors. Headquartered in St. Louis, Ansira is a marketing technology and services firm.
In Second Opinion, McDonald’s is partnering with AARP to hire older employees, Occidental seeks to buy Andarko for $38 billion, beating Chevron’s bid and Mary Meeker raises $1.25 billion for Bond, her debut growth fund.
Simergent, a creator of affordable home dialysis, has secured $2.835 million in seed funding. i2E Inc led the round.
San Francisco-based Blueshift, a customer data activation platform, has secured $15 million in Series B funding. SoftBank Ventures Asia led the round with participation from other investors that included Storm Ventures and Nexus Venture Partners. Also, Blueshift has named Josh Francia, the former vice president of marketing at LendingTree, as chief growth officer.