Iris Dorbian
Thoma Bravo has raised almost $500 million for its debut credit fund, according to an SEC filing. The target is $750 million.
Monroe Capital has provided a senior credit facility to support Digital Media Solutions LLC's acquisition of W4 Performance Ad Market, a Los Angeles-based digital performance advertising network. No financial terms were released. The add-on deal was announced earlier this month. DMS is a Clearwater, Florida-based digital marketing and lead generation services provider. In 2016, the company secured a US$20.5 million investment from Canadian private equity firm Clairvest Group.
Ardian has agreed to sell its minority stake in Luxembourg-based Encevo, a utility company, to CSGI HK. No financial terms were disclosed.
WPT Industrial Real Estate Investment Trust, Canada Pension Plan Investment Board and Alberta Investment Management Corporation have formed a joint venture to acquire industrial properties in the U.S. logistics markets. The joint venture is seeking to invest up to $1 billion in combined equity. CPPIB and AIMCo will each own a 45 percent stake in the joint venture while WPT Industrial REIT will own the remaining 10 percent stake.
Crane 1 Services, a portfolio company of Pfingsten, has acquired Houston-based Absolute Crane, a provider of overhead crane services and equipment. No financial terms were disclosed.
Yellow Wood Partners has named Andrew Nguyen as vice president. Prior to joining the Boston-based private equity firm, Nguyen was an associate at Levine Leichtman Capital Partners.
CentralReach, which is backed by Insight Venture Partners, has named Chris Sullens as CEO. His appointment becomes effective immediately. Previously, Sullens was president and CEO of WorkWave. Based in Pompano Beach, Florida, CentralReach is a provider of electronic health record, clinical solutions and practice management software for clinics focused on applied behavior analysis, speech therapy, and occupational therapy.
The Bascom Group LLC has acquired Los Angeles-based Island Apartments, a 78-unit apartment community. The price of the acquisition was $12.55 million.
Noble Investment Group has acquired Secaucus, New Jersey-based Marriott Secaucus Meadowlands, an extended stay hotel. No financial terms were disclosed.
Motive Partners has agreed to acquire a "significant" stake in Global Shares, a Cork, Ireland-based provider of equity compensation management solutions to global corporations. No financial terms were disclosed.