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Iris Dorbian

Advent International has agreed to acquire an equity stake in CCC Information Services, a software-as-a-service provider for the automotive, insurance and collision repair sectors. The sellers are Leonard Green Partners and Texas Pacific Group. JPMorgan Chase advised CCC on the transaction while Jefferies and Nomura advised Advent. The deal is expected to close early in the second quarter of this year.
Law firm Cooley has hired Ray LaSoya as a partner in its M&A practice. Previously, LaSoya worked at Stroock & Stroock & Lavan where he served as chair of the private equity practice.
America’s Auto Auction, a portfolio company of Trinity Hunt Partners, has acquired Indianapolis-based Auction Broadcasting Company, an auto auction company. No financial terms were disclosed.
MetaSource, a portfolio company of LaSalle Capital, has acquired Dallas-based Orion Financial Group, a provider of real estate document recording services. No financial terms were disclosed.
OBI4wan, which is backed by Main Capital, has acquired Amsterdam-based Buzzcapture, a software-as-a-service reputation management company. No financial terms were disclosed.
Related Companies has acquired a stake in New York City-based Ladder Capital Corp, a real estate investment trust, for $80 million. The sellers included TowerBrook Capital Partners and GI Partners.
PHI Group, which is focused on acquiring and investing in natural resources, energy and special situations, has raised $10 million in financing. The backer is Azure Capital. According to terms of the agreement, Azure will commit to buying up to $10 million of PHI Group's stock over a 36-month time period.
Waltham, Massachusetts-based Corindus Vascular Robotics Inc, a developer of precision vascular robotics, has agreed to raise $45 million in a private placement. According to terms of the transaction, Corindus will sell over 67 million of its shares at a price of $0.6616 per share. The investors in this round include Boston Scientific Corporation, BioStar Ventures, Consonance Capital, Hudson Executive Capital and HealthCor Partners Management.
Small business lender BlueVine has secured up to $75 million in financing from Fortress Credit Corp. According to the company, the capital will be used to expand its credit financing solutions. Manatt, Phelps & Phillips LLP assisted in the transaction.
Wilbur Ross, WL Ross & Co., private equity, SEC, Donald Trump, U.S. presidency, cabinet, U.S. Commerce Department
First Read starts the day with news that an Uber executive has quit after a sexual harassment allegation from his past job at Google surfaces, the Senate confirms Wilbur Ross as Secretary of Commerce, and PwC blames a tweeting accountant for Academy Awards blunder.
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