Iris Dorbian
Wind River Environmental, a portfolio company of Gryphon Investors, has acquired New Hampshire-based Drain Pro, a provider of plumbing, heating, drain cleaning, tank pumping and septic design and installation services. No financial terms were disclosed.
ZZ Capital International Limited has agreed to invest about 70 million euros in Building Energy, a multitech power producer. ZZCI will be investing alongside Zhongzhi Capital, Synergo and Three Hill Capital Partners. Currently, Synergo and Three Hill hold stakes of 30 percent and 7 percent respectively in Building Energy.
Cyber security company Symantec Corp has agreed to acquire Palo Alto, California and Tel Aviv- based Skycure, a provider of mobile threat defense solutions. No financial terms were disclosed. Skycure's backers included Foundation Capital, Shasta Ventures, Pitango Venture Capital and New York Life.
The Abraaj Group has agreed to buy Java House Group, an East Africa-based casual dining chain. The sellers are Emerging Capital Partners and Java House founder and Chairman Kevin Ashley. No financial terms were disclosed. Akin Gump advised ECP on the deal.
Chicago-based Madison Capital Funding LLC, a subsidiary of New York Life Insurance Company, has closed its sixth CLO at $325 million. The CLO will be reinvested over a 5.5 year-period. Madison Capital is a finance company focused on middle market private equity firms.
NRD Capital Management has raised $104.5 million for its second fund, beating its $100 million target. The fund will focus on backing restaurant and healthcare franchises.
Caissa Capital LLC, which will focus on providing junior debt and/or equity funding to international companies, has launched. The firm is currently in talks to take over the management of several unidentified distressed foreign private equity and hedge fund portfolios. Caissa's founders are Grant Lyon, Craig Hansen and Peter Kaufman.
Teasdale Latin Foods, which is backed by Snow Phipps Group, has acquired Carrollton, Texas-based Rudy's Tortillas, a provider of tortillas and chips for the food service market. No financial terms were disclosed.
Coulton Creek Capital has sold its stake in Punch Bowl Social, a restaurant and bar chain that also features bowling. No financial terms were disclosed. The exit comes in the wake of news previously reported by PE HUB that L Catteron made an undisclosed investment in Punch Bowl Social.
Generation Growth Capital has sold Innovative Laser Technologies Inc to IPG Photonics Corporation for $40 million in cash. Imperial Capital provided financial advice to ILT on the transaction. Based in Minneapolis, ILT is a maker of of laser-based systems used to produce components mostly for the medical device sector.