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
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.
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.
This week’s jobs include a private equity head at Citi and a private equity associate at Credit Suisse. Also, AIG is on the prowl for a new assistant portfolio manager of private equity.
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 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.
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.
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.
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.
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.
Civiq Smartscapes, which is owned by JMC Capital Partners, has acquired Toronto-based Vertigo Digital Displays, a producer of ruggedized integrated digital display solutions. No financial terms were disclosed.
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.
Israel-based medical device company Keystone Heart has appointed Chris Richardson as president and CEO. Previously, Richardson served as international president and CCO of Direct Flow Medical. Keystone Heart’s backers include OrbiMed.
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.
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.
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 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.
Siyata Mobile Inc has increased its previously announced private placement from $2 million to $2.5 million. The investors were not named. Headquartered in Toronto, Siyata Mobile is a maker of connected vehicle products.