Iris Dorbian
Apax Partners has agreed to acquire Safetykleen Europe, a London-based provider of surface treatment and chemical application services. The seller is Warburg Pincus. No financial terms were disclosed. Goldman Sachs provided financial advice to Warburg Pincus on the transaction.
Deutsche Beteiligungs AG is selling its stake in ProXES Group, a German provider of machines and production lines primarily for the food industry. The buyer is Capvis Equity Partners. No financial terms were disclosed.
Fundamental Advisors LP has closed its third private equity fund at $993 million. Fundamental Partners III LP's limited partners include state and corporate pensions, foundations, financial institutions and ultra-high net worth platforms. The fund will invest in municipal and public purpose assets, which include affordable and student housing, senior care, infrastructure, alternative energy and hospitality.
GPB Capital has hired Craig Goos as a managing partner and chief operating officer. Previously, Goos was a managing director of alternative investments at UBS Wealth Management.
Boyd Corporation, a portfolio company of Genstar Capital Management LLC, has acquired Laconia, New Hampshire-based Aavid Thermalloy LLC, a provider of thermal management solutions. The seller was Audax Private Equity. No financial terms were disclosed. Robert W. Baird & Co. and BMO Capital Markets Corp advised Aavid on the deal.
First Read ushers in the day with news that Cisco is cutting an additional 1,100 more jobs on top of its previously announced 5,500 job cuts, Google is launching a jobs search engine in the U.S., and Soundgarden frontman Chris Cornell has passed away.
Post Capital Partners has promoted Christopher Cheang to director and business development head. Prior to joining Post Capital in 2009, Cheang worked at Cabot China Limited, a joint venture of Cabot Corporation.
In Second Opinion, TPG is reportedly close to a deal to acquire cable operator Wave for more than $2 billion, JPMorgan predicts that Amazon stock will reach $1,110 per share this year and the Dow sinks 300 points as worries about the Trump presidency escalate.
KAP Group, a provider of fundraising and investor relations advisory services for the private equity industry, has promoted Erin Roeder to principal. Prior to joining KAP, Roeder worked at Metropolitan Real Estate Equity Management (now part of the Carlyle Group) as a vice president.
Morgan Stanley Investment Management has secured more than $125 million for its inaugural global impact fund. PMF Integro Fund I will invest in private equity funds that "offer the potential for compelling financial return while demonstrating positive environmental impact, social impact or both." AIP Private Markets is managing the fund.