Iris Dorbian
Equity Commonwealth has sold Philadelphia-based 1600 Market Street, an office tower, to an affiliate of American Real Estate Partners. The transaction was for $160 million. Holliday Fenoglio Fowler LP represented Equity Commonwealth on the sale.
Amphora Gas Storage USA, which is backed by Arclight Capital Partners LLC, has agreed to acquire Enstor Gas, an operator of Avangrid's gas storage business. No financial terms were disclosed. The deal is expected to close in March 2018.
Metal Powder Products LLC, a portfolio company of Mill Point Capital, has acquired Indiana-based NetShape Technologies Inc, a provider of engineered metal components using powdered metal and metal injection molding technologies. No financial terms were disclosed.
In Second Opinion, Pimco posts its best quarterly profit since the departure of Bill Gross, Mueller indicts 13 Russians with meddling in the 2016 U.S. presidential election and Uber is reportedly preparing to sell its Southeast Asian business to Grab.
Energy Impact Partners has raised $75 million for its debut credit fund, according to an SEC filing. In April 2017, the investment firm announced it formed a credit group to back energy-focused small and middle-market businesses.
Four Springs Capital has named Gregory Kammerer as senior vice president for its capital markets team. Previously, Kammerer worked at an unidentified private equity real estate fund. He is rejoining Four Springs Capital where he began his career.
Pomona Capital has promoted its Chief Financial Officer John Stephens to partner. Stephens first joined the private equity firm in 2011. He will continue in his CFO role.
Québec-based Héroux-Devtek Inc, a maker of aerospace products, has appointed Pierre Fitzgibbon as director. He has also been named to the company's audit committee. Currently, Fitzgibbon is a managing partner at Walter Capital Partners, a private equity firm headquartered in Montréal.
Insight Venture Partners has made a "significant" investment in Pompano Beach, Florida-based CentralReach, a provider of electronic health record and practice management software for clinics focused on applied behavioral analysis and speech therapy. No financial terms were disclosed.
Kirkland, Washington-based GrowLife Inc, an indoor cultivation service provider, has secured equity financing from Chicago Venture Partners. According to terms of the deal, CVP has bought shares at $0.021 per share.