Iris Dorbian
Edison Partners has added Jay Naik and Alexandria Symos to its Edison Edge platform. Naik, an operating partner at the growth equity firm, will lead a new predictive product management practice focused on helping portfolio companies "build and scale differentiated product platforms for market and customer expansion." And, Symos, a vice president at Edison, will join Edison Edge's sales and marketing acceleration practice.
Brennan Investment Group, a private real estate investment firm, has acquired a three-building industrial portfolio located in Wisconsin and Pennsylvania. No financial terms were disclosed. The properties are leased to Progressive Converting Inc, a paper converting company.
Madison Street Capital has named Lawrence Alioto as a managing director for its capital markets team. Alioto was a founding principal and former president of VeriTainer Corporation.
BWAY, a subsidiary of Stone Canyon Industries LLC, has closed its previously announced acquisition of Industrial Container Services, a provider of container solutions, container services and container management systems. The seller was Centerbridge Partners. The value of the deal was about $1 billion. As a result of the transaction, Centerbridge Senior Managing Director Kyle Cruz has joined BWAY's board.
First Read begins the day with news that Enbridge is buying Spectra Energy for $3.3 billion, Sony's cute and smart robot dog is coming to the U.S., and Senator John McCain has passed away.
Second Opinion closes out the week with news that S&P 500 and NASDAQ hit all-time highs as Netflix stock jumps, hackers attack T-Mobile, exposing personal information on 2.3 customers and the family of Senator John McCain say he is ending his treatment for brain cancer.
Capital Alignment Partners has raised over $118 million for its third fund, according to an SEC filing. The target is $150 million. The Nashville-based firm focuses on investing in equity and debt in lower-middle market companies.
Kayne Anderson Capital Advisors LP has closed its third middle-market credit fund at about $3 billion. Kayne Senior Credit Fund III will focus on providing secured loans to middle-market businesses in North America.
Advance Publications Inc has agreed to acquire Stage Entertainment, a theater producer and owner, from CVC Capital Partners and Joop van den Ende. No financial terms were disclosed. The deal is expected to close in the fourth quarter of this year.
Athens, Ohio-based RXQ Compounding LLC, an outsourcing facility that produces medical formularies and medications, has raised nearly $3.6 million in funding. The investor was Advantage Capital.