Iris Dorbian
Admiral Permian Resources LLC has secured $600 million in financing from Pine Brook and Riverstone Holdings. Based in Midland, Texas, Admiral is an exploration and production company focused on acquiring and developing oil and gas properties in the Permian Basin.
In Second Opinion, Airbnb raises more than $1 billion in funding, Akzo Nobel rejects PPG's $22 billion takeover bid and congratulations to Mark Zuckerberg and Priscilla Chan: The Silicon Valley power couple is expecting another baby girl.
Wind Point Partners has acquired Hodgkins, Illinois-based Vee Pak Inc, a co-maker of beauty and personal care products for top industry brands. No financial terms were disclosed. Bank of America Merrill Lynch, KKR and Voya Investments provided the financing for the deal.
Chicago Pacific Founders has made an undisclosed investment in Pinnacle Dermatology. Headquartered in Joliet, Illinois, Pinnacle is a top Midwest dermatology practice.
Accelmed Growth Partners has raised $124 million for its newest fund, according to an SEC filing. The target is $300 million. Based in Israel, Accelmed invests in medical device companies and technologies.
Great Hill Partners has appointed Simon Anderson as entrepreneur-in-residence. Previously, Anderson was CEO of DreamHost.
MPC Capital AG has appointed David Delaire as head of asset management. Delaire's previous positions included serving as director of asset management at Natural Power and chief operating officer at Greensolver.
Telestream, which is backed by Genstar Capital, has agreed to acquire Mansfield, Massachusetts-based IneoQuest, a provider of video quality monitoring and analytics solutions. No financial terms were disclosed. William Blair & Co provided financial advice to IneoQuest on the deal.
Cyprium Partners has hired Wes Owen as a managing director at the firm's New York office. Owen's work background includes general management roles at BMW, Amphenol and Volex.
First Potomac Realty Trust and AEW Capital Management have sold two Maryland properties to Adler Kawa Real Estate Advisors. The gross proceeds of the transaction were $59.5 million.