Home Authors Posts by Iris Dorbian

Iris Dorbian

Blue Wolf Capital Partners and Atlas Holdings said on Tuesday that they have reached an agreement to acquire Twin Rivers Paper Company from Brookfield Asset Management. No financial terms were disclosed. Twin Rivers is a specialty paper company with facilities in Madawaska, Maine, and Edmundston and Plaster Rock, New Brunswick.
Hurel Corp., a provider of advanced artificial tissue constructs and microfluidic cell-based assay platforms, has named Dr. James S. MacDonald to its board of directors. Hurel recently secured a $9.2 million Series A equity private placement led by Spring Mountain Capital. Hurel is based in both North Brunswick, NJ and Beverly Hills, Calif.
Highland Capital Management, L.P., said on Tuesday that it has named Jun Park as director of business development in Korea. Prior to joining Highland, Park worked at Woori Financial Principal Investment in Seoul. Highland is an investment management firm based in Dallas.
Morgan Creek Capital Management said on Tuesday that it will buy Signet Capital Management's Alternative Funds business. No financial terms were disclosed. Under current management, Signet's Alternative Funds has approximately $700 million in assets. As part of the acquisition, the senior management team at Signet, which include Founder Robert Marquardt, and CEO Dr. Serge Umansky, will join Morgan Creek and continue their current roles. Signet Capital Management Ltd. is a European institutional fixed income investment firm.
Graycliff Partners said on Tuesday that Iron Mountain, an information management and storage provider, has bought Information Storage Consolidation Company (ISCC). No financial terms were disclosed. Information Storage Consolidation is a records storage company with facilities in Texas, Michigan and Florida. Prior to Iron Mountain's acquisition, Graycliff had a majority stake in ISCC.
US Debt Ventures said on Monday that it has received a $100 million revolving credit facility from a major financial institution that has not been identified. The credit facility will help US Debt Ventures to expand its non-performing loan and REO disposition model. US Debt Ventures is a private-equity firm based in Fort Lauderdale, Florida.
Pactera Technology, a global consulting and technology services provider in China, said on Monday that its board  has received a "going private" proposal to acquire all shares of Pactera from Blackstone and the company's management. The bid is valued at $7.50 per American Depositary Share in cash. Reuters is valuing the deal at $680 million. Blackstone is acting as advisor for the proposal while Citigroup Global Markets is serving as financial advisor to Pactera's executive team.
Payvia, a mobile and online payment company, said on Monday that it will buy Mogreet. No financial terms were disclosed. Also, Mogreet Founder and CEO James Citron will serve as payvia's Chief Marketing Officer. Mogreet is a cloud-based communications platform that is based in Venice, Calif. Pavia, which is headquartered in Los Angeles, with offices in San Francisco, Seattle and Boston, is a portfolio company of Silver Lake Sumeru, Montgomery & Co., and Trinity Ventures.
Zyme Solutions said on Monday that it has received new financing. No financial terms were disclosed. Zyme, a provider of cloud-based solutions that is based in Redwood Shores, Calif., is a portfolio company of Susquehanna Growth Equity.
Greenbriar Equity Group has received a $89.5 million loan from GE Antares, a unit of GE Capital Markets, to acquire EDAC Technologies Corp. GE Capital Markets acted as joint lead arranger of this transaction. EDAC, which is based in Cheshire, CT., is a provider of aerospace components.

Copyright PEI Media

Not for publication, email or dissemination