Iris Dorbian
Kitchener, Ontario-based Primal, an artificial intelligence company, has secured a $2.3 million loan from BDC. The capital infusion will be used to commercialize new applications, pursue strategic partnerships, sign licensing deals and invest in sales and marketing.
First Read starts the day with news that Amazon is cutting Whole Foods prices for prime members, electric scooter and bike company Lime is seeking $500 million in funding, and NASA will use a helicopter on its next mission to Mars.
SRS Acquiom, a provider of post-closing M&A services, has named Lon LeClair as president and chief operating officer. LeClair's work background includes stints at Wilmington Trust and Wells Fargo. SRS Acquiom's backers include Revolution Ventures and Top Tier Capital Partners.
Digital Colony, an investment firm focused on the next generation of digital infrastructure, has named Steven Sonnenstein as a managing director. His appointment is effective immediately. Previously, Sonnenstein worked at Canadian pension investment manager PSP Investments where he most recently was a senior director.
In Second Opinion, Tyson Foods is buying American Protein's poultry rendering and blending assets for about $850 million, Greylock names Sarah Guo as a general partner, becoming one of the few women at the 53-year-old firm to hold that position and Tom Wolfe, author of "Bonfire of the Vanities," dies at 88.
Greg Hawver is joining law firm McGuireWoods' private equity team. Previously, Hawver worked at Winston & Strawn.
International Market Centers, which is backed by Blackstone and Fireside Investments, has agreed to acquire Atlanta-based AmericasMart. No financial terms were disclosed. Upon closing, the deal will result in the world's largest owner and operator of premier showroom space. The transaction is expected to close in the third quarter of this year.
Trive Capital has acquired the assets of Creston, Iowa,-based Wellman Dynamics Corp, an aerospace supplier. No financial terms were disclosed for the transaction that was done in accordance with Section 363 of the U.S. Bankruptcy Code.
Kelso & Company and Blue Wolf Capital Partners have closed their previously announced acquisition of Jordan Health Services, a home care provider, from Palladium Equity Partners. As a result of the closing, Jordan will merge with Great Lakes Caring and National Home Health Care, both of which are backed by Blue Wolf.
H.I.G. Capital has acquired Parque Ana Costa, an AAA office building in Santos, São Paulo, Brazil. No financial terms were disclosed.