Iris Dorbian
Hamilton Lane has named Lydia A. Gavalis as deputy general counsel. Previously, Gavalis worked at SEI. In addition to this appointment, Fred Shaw, the former compliance director, will become chief compliance officer.
Cleveland, Ohio-based Banyan Technology, a provider of truckload freight management solutions, has raised $2 million in funding. The investor was River SaaS Capital.
Marquee Dental Partners, which is backed by Chicago Pacific Founders, has acquired Bowling Green, Kentucky-based Westen Dental Group. No financial terms were disclosed.
Vista Equity Partners has agreed to acquire Denver-based Granicus, a provider of software solutions to improve government efficiency and transparency. No financial terms were disclosed. Granicus is currently owned by K1 Investment Management, which will retain a minority ownership stake as a result of the deal.
Investment firm Gratitude Railroad has launched the Gratitude Farmland Fund, which is focused on regenerative agriculture. The target is $40 million. GFF is interested in acquiring farms in the southeastern U.S. GFF is a joint venture between Gratitude Railroad and Blackdirt Capital.
TA Associates has acquired a minority stake in TCNS Clothing for $140 million. Avendus Capital provided financial advice to TCNS Clothing on the transaction. Based in New Delhi, India, TCNS is a maker of women's apparel.
Second Opinion wraps up the day with news that United Bankshares is planning on acquiring rival lender Cardinal Financial for $912 million, and Google hits 3 billion app installs. Plus, watch out Verizon, T-Mobile will soon be offering an unlimited data plan.
LFM Capital has made an undisclosed investment in Vektek. Based in St. Joseph, Missouri, Vektek is a maker of hydraulic clamps.
Arsenal Capital Partners has led a recapitalization of portfolio company WIRB-Copernicus Group, a clinical research solutions provider. No financial terms were disclosed. The other investors that participated in this transaction included MSD Capital. As a result of the recap, Arsenal Capital will continue to retain a "significant" ownership stake in WCG.
Golden Gate Capital has agreed to sell Phillips-Medisize Corp, a provider of design, development and manufacturing services for the medical sector. The buyer is Molex LLC. No financial terms were disclosed.