Iris Dorbian
MTS Health Partners, a healthcare-focused investment bank, has hired Kazuki Kusaka as a partner. Previously, Kusaka worked at Lazard where he led the healthcare practice for 10 years.
Valentus Specialty Chemicals, which is backed by Huron Capital, has acquired St. Louis-based US Coatings Inc, a provider of protective maintenance coatings for industrial, petrochemical, and oil and gas facility maintenance applications. No financial terms were disclosed.
Marco Group International, a portfolio company of The CapStreet Group, has acquired Youngstown, Ohio-based JAD Equipment Co, a distributor of surface preparation equipment and consumables. No financial terms were disclosed.
Los Angeles-based family office Chiron Investments LLC has named John Low as chief operating officer. Low's work background includes working at such firms as Goldman Sachs, Hitchwood Capital and Karsh Capital. He first became a principal at Chiron in the first quarter of 2017.
Francisco Partners has agreed to acquire Brookfield, Wisconsin-based Connecture Inc, which provides information systems used to create health insurance marketplaces. According to terms of the deal, Francisco Partners will pay $0.35 per share for each share of Connecture common stock not held either by them or another Connecture backer Chrysalis Ventures or their affiliates. Kirkland & Ellis LP is providing legal advice to Francisco Partners on the deal while DLA Piper LLP (US) is doing likewise for Connecture.
Bruckmann, Rosser, Sherrill & Co is seeking to raise $250 million for its fourth fund, according to a recent SEC filing. The New York-based private equity firm invests in middle market consumer goods and services businesses.
Guggenheim Partners Investment Management LLC has closed its private debt fund at a hard cap of $2 billion, beating its initial $1.5 billion target. The fund will focus on middle-market companies. According to a source familiar with the transaction, the fund had about 50 investors while Credit Suisse Securities (USA) LLC was the placement agent.
Sun Capital Partners has agreed to sell Itasca, Illinois-based Robertshaw Controls Company, a provider of thermal, flow, and control management products and solutions. The buyer is One Rock Capital Partners. No financial terms were disclosed.
ADT, a provider of security and automation solutions for homes and businesses in North America, has priced its IPO of over 111 million shares at between $17 and $19 per share. ADT is planning on trading the stock on the New York Stock Exchange under the symbol "ADT.” Morgan Stanley, Goldman Sachs, Barclays, Deutsche Bank Securities and RBC Capital Markets are the lead underwriters. ADT is backed by Apollo Global Management.
Silver Lake has invested $250 million in Austin-based WP Engine, a WordPress digital experience platform. In conjunction with the funding, Silver Lake's Greg Mondre, Lee Wittlinger and Mark Gillett have been added to WP Engine's board of directors.