Stephen Schwarzman

PE HUB Second Opinion

In Second Opinion, Trump names Blackstone CEO Schwarzman as chair of an advisory panel on jobs creation, Deutsche Bank cuts ties with 3,400 clients in its trading business and the country’s unemployment level falls to its lowest since the recession.


HKW buys Xirgo

Hammond, Kennedy, Whitney & Company Inc has acquired Camarillo, California-based Xirgo Technologies Inc, a provider of wireless telematics modules for tracking, monitoring, protecting and controlling remote assets and workers supporting the internet of things sector. No financial terms were disclosed.

ISG buys Alsbridge for $74 mln

Information Services Group Inc has acquired Alsbridge Holdings Inc, a sourcing, automation and transformation advisory firm, for $74 million. Alsbridge was backed by LLR Partners. BMO Capital Markets advised ISG on the transaction.

Oaktree invests in Sterling Lumber

Oaktree Capital Management LP has made an undisclosed investment in Sterling Lumber Company. Based in Phoenix, Illinois, Sterling is a provider of timber mats and ground protection solutions for energy, power and infrastructure sectors.

HTT racks up $31.8 mln

Hyperloop Transportation Technologies Inc, which is focused on removing barriers of speed and congestion in transportation, has raised $31.8 million in funding. The backers included EdgeWater Investments.

Hastings acquires IMPACT!

Hastings Equity Partners has acquired Midland, Texas-based IMPACT! Chemical Technologies, a provider of specialty chemicals for oil and gas production and midstream companies. No financial terms were disclosed. Riveron Consulting LLC advised Hastings on the transaction.


Platinum Equity exits Mactac Americas for about $375 mln

Platinum Equity has closed its previously announced sale of Mactac Americas LLC to LINTEC Corp for about $375 million. Ohio-based Mactac is a maker of pressure sensitive labels. Moelis & Company LLC and Goldman Sachs provided financial advice to Platinum Equity on the transaction.

PE-backed Clio buys Top Master

Clio Holdings LLC has acquired Kansas City, Kansas-based Top Master, a fabricator of countertops. No financial terms were disclosed. Clio is backed by O2 Investment Partners and Tecum Capital.

Riata recaps specialty retailer WSS

Riata Capital Group has recapitalized Los Angeles-based WSS, an Hispanic-focused specialty retailer of athletic, fashion and work-related footwear and accessories. No financial terms were disclosed.

Morningstar completes PitchBook acquisition

Investment research firm Morningstar has closed its previously announced buy of PitchBook Data Inc. No financial terms were announced although previous reports tagged the purchase price at $180 million. Based in Seattle, PitchBook is an information provider for the private capital markets, which includes venture capital, private equity and M&A.

OrthoSpace scores $7 mln

Israel-based OrthoSpace Ltd, a shoulder implant company, has raised $7 million in funding. The investors were HealthpointCapital LLC, Smith & Nephew, TriVentures and Johnson & Johnson Innovation – JJDC Inc.

Capitala Group invests in BigMouth

Capitala Group has made an undisclosed investment in BigMouth Inc. Based in Glastonbury, Connecticut, BigMouth is a designer of lifestyle products and creative gifts.

Brisa Innovation's ATMIS — ATLAS — is now in full operation in Northwest Parkway, Colorado. © 2016, Brisa Inovação e Tecnologia, S.A.

Northleaf Capital to take 33 pct stake in Colorado’s Northwest Parkway

Northleaf Capital Partners has agreed to acquire a 33 percent stake in Northwest Parkway, a toll-road located in the Denver, Colorado area. No financial terms were disclosed. Northleaf is investing as part of a consortium that includes DIF Infrastructure IV and HICL Infrastructure Co Ltd, which has conditionally acquired a 100 percent equity interest in Northwest Parkway from Brisa, a Portuguese toll-road operator. The deal is expected to close in the first half of 2016. Toronto-based Northleaf is a private equity, infrastructure and private credit manager with $9 billion under management.