Iris Dorbian
Elite Sports, which is backed by The Riverside Company, has acquired Virginia Beach, Virginia-based Dreamlight Activewear, a maker of gymnastics clothing. No financial terms were disclosed.
Three Hills Capital Partners have made several new hires. Joining the investment firm are Joe Jefferies as an investment manager, Arjan Blok as a senior associate and Ravi Savjani as an investor relations manager. Previously, Jefferies worked at Montagu, Blok was at Vitruvian Partners and Savjani worked at Apax Partners.
YFM Equity Partners has invested 3 million pounds in Friska Limited. Based in the UK, Friska is a restaurant chain. The capital will be used for expansion.
First Read kicks off the week with news that Uber backers are mulling selling their shares to Softbank, AT&T will run its wireless and media units separate from the Time Warner assets it acquired, and Amazon.com is working on a messaging app called Anytime.com.
PRO EM Party & Event Rentals, which is backed by Dos Rios Partners, has acquired Los Angeles-based Universal Resource Supply LLC and SoCal Tents & Events, an event rental company. No financial terms were disclosed.
Rosewood Private Investments has acquired Healthy Natural Inc, RiceBran Technologies' contract manufacturing and packaging subsidiary. The price of the acquisition was $18.3 million.
Second Opinion closes the week with news that Uber rival Grab is reportedly seeking to raise up to $2 billion from SoftBank and Didi, Sprint reportedly met with Warren Buffet and Liberty Media Chairman John Malone about investing in the company and the bag Neil Armstrong used to collect moon dust is for sale.
Pamlico Capital has made an undisclosed investment in Chicago-based Becker's Healthcare, a provider of business information for hospital operators. Barings provided the funding for the transaction.
Warburg Pincus is exploring a possible secondary deal that would involve selling up to $1 billion from a private equity fund that closed at $11.2 billion in 2013, according to the Wall Street Journal. The Warburg Private Equity XI has about $5 billion in stakes in companies based in China, India and other parts of Asia. Among the companies in the portfolio are Beijing Amcare Women’s & Children’s Hospital and trucking company Shanghai ANE Logistics Co. Warburg Pincus has reportedly hired Lazard to start shopping the pool to interested investors, said the news outlet.
First Beverage Ventures, the private equity arm of First Beverage Group, has raised $64 million for its second fund, according to an SEC filing. First Beverage focuses on investing in emerging beverage companies.