Iris Dorbian
First Read begins the week with news that IBM has won $8 million from Groupon in an ecommerce patents case, New York revokes its approval of the Charter/Time Warner Cable merger, Softbank's ARM Holdings has agreed to buy Treasure Data Inc.
In Second Opinion, Twitter posts a record $100 million profit but a loss of one million users, Tyson Foods is in talks to buy Keystone Foods from Brazil's Marfrig and the CBS board will investigate allegations of sexual misconduct by network CEO Leslie Moonves prior to the publication of a New Yorker expose.
Smart Care Equipment Solutions, a portfolio company of Audax Private Equity, has acquired New York City-based Alpro Service Company, a parts and repair service company for commercial food-service and kitchen equipment. No financial terms were disclosed.
Black Toro Capital has raised over $76 million for its third fund, according to an SEC filing. The target is over $619 million. The firm focuses on mid-sized companies in Spain.
Chequers Capital and IGI Private Equity have agreed to sell Rollon Group to The Timken Company. No financial terms were disclosed. The deal is expected to close in late September. Based in Italy, Rollon is a maker of linear rails and actuators.
PennSpring Capital has acquired Louisville, Kentucky-based Professional Systems Software & Technology, a software firm that provides data integration solutions for school districts and municipalities. No financial terms were disclosed.
JMP Group, an investment banking and alternative asset management firm, has closed its collateralized loan obligation at $407.8 million. The CLO was backed by a portfolio of broadly syndicated leveraged loans. BNP Paribas was the initial buyer.
Evoqua Water Technologies Corp, a portfolio company of AEA Investors LP, has closed its previously announced acquisition of ProAct Services Corporation, a provider of on-site treatment services of contaminated water. No financial terms were disclosed; however, an earlier report of this item pegged the amount at $132 million. The sellers were Hammond, Kennedy, Whitney & Company Inc.
KKR has agreed to acquire Bay Club, an active lifestyle and hospitality company. The sellers include York Capital Management, JMA Ventures and Roxborough Group. No financial terms were not disclosed.
Capital Square 1031 has acquired Marietta, Georgia-based Ivy Commons Apartments, a 344-unit, garden-style multifamily community. No financial terms were disclosed.