PE-backed Playboy appoints interim CEO

Media and lifestyle company Playboy Enterprises, which is backed by Rizvi Traverse, has named Ben Kohn as interim CEO. Kohn is a managing partner at Rizvi Traverse and he will remain in that role. Playboy’s former CEO Scott Flanders left the company to become CEO of eHealth</strong

PE-backed LiquiBox to buy Maverick’s engineering and flexible operations

Liqui-Box, a portfolio company of Olympus Partners, has agreed to acquire Maverick’s engineering and flexible operations. No financial terms were disclosed. Based in Cape Town, South Africa, Maverick Engineering is provider of bag-in-box making equipment while Maverick Flexibles is a producer of specialty films and laminates for the food and beverage sectors.

Parthenon Capital closes fifth fund at $1 bln

Boston and San Francisco-based mid-market private equity firm Parthenon Capital Partners has raised a hard cap of $1 billion for its fifth fund, beating its initial target of $850 million. Ropes & Gray LLP served as counsel to PCP Fund V.


Carlyle provides about $400 mln to ION

The Carlyle Group has acquired a minority stake in ION Investment Group for about $400 million. Evercore and Allen & Overy advised Carlyle on the transaction. In conjunction with this investment, Carlyle’s Renee James and Cam Dyer have been added to ION’s board of directors. ION is a provider of software for financial institutions and banks.

HCAP Partners invests in Resolve Systems

HCAP Partners has made an undisclosed follow-on investment in Resolve Systems, a provider of a platform that accelerates incident resolutions for IT operations, network operations, customer care centers and security operations. As a result of this transaction, Tim Bubnack, managing partner at HCAP Partners, has been added to Resolve System’s board of directors.

PE-backed Envysion acquires Next Wave

Envysion, which is backed by Parthenon Capital Partners, has bought Next Wave, a provider of loss prevention auditing services for the quick serve restaurant sector. No financial terms were disclosed.


Vendini grabs $20 mln Series A from Level Equity

San Francisco-based Vendini, a provider of ticketing, promotion and event management solutions, has secured $20 million in Series A funding. The backer was Level Equity. According to Vendini, the capital will be used to enhance its current platform and add more features.


MDP-backed Patterson Medical to acquire Performance Health

Patterson Medical, a portfolio company of Madison Dearborn Partners, has agreed to buy Performance Health, an Akron, Ohio-based maker of health, wellness and self-care products. The seller is Gridiron Capital. No financial terms were disclosed. Deutsche Bank Securities Inc and Citigroup Global Markets are providing financial advice to Patterson Medical while Credit Suisse is doing likewise for Performance Health.

ASM closes inaugural midmarket Spain fund at over $356 mln

Abac Solutions Manager, which is advised by Abac Capital, has raised 320 million euros (over $356 million) for its debut fund Abac Solutions. The pool will focus on backing midmarket companies in Spain. Its LPs include pension funds, endowments, financial institutions, fund of funds and family offices. MVision Private Equity Advisers served as fundraising adviser.

Genstar buys Infinite RF

Genstar Capital has acquired Irvine, California-based Infinite RF Holdings Inc, a provider of radio frequency tech components. No financial terms were disclosed. As a result of this transaction, Windjammer Capital Investors has exited its stake in Infinite RF.

PeakEquity-backed G5 names Davidson as COO

PeakEquity Partners-backed G5 has hired Patrick Davidson as chief operating officer. Davidson’s work background includes leadership positions at Oracle and Vlocity in addition to being the founder of Wanaka Properties LLC. Based in Bend, Oregon, G5 is a digital marketing provider for the real estate industry.


PE-backed Patheon appoints new president

Durham, North Carolina-based Patheon, a provider of outsourced pharmaceutical development and manufacturing services, has named Michel Lagarde as president. The appointment is effective immediately. Lagard has stepped down from Patheon’s board of directors. Previously, Lagarde worked at JLL Partners where he was managing director for several of the firm’s portfolio companies, which included Patheon.

PE-backed OnePlus buys SmartBin

OnePlus Corp, a portfolio company of ParkerGale, has acquired SmartBin. No financial terms were disclosed. Headquartered in Dublin, SmartBin is a provider of intelligent remote monitoring systems for the waste and recycling industries.

Gimv backs Dutch stroller maker Joolz

Gimv has made an undisclosed investment in Joolz, a Dutch maker of ergonomic strollers and accessories. The capital infusion will be used for expansion. ROTH Capital Partners provided financial advice to Joolz on the transaction.