Iris Dorbian
Constitution Capital Partners has expanded its team with two new additions. The Boston-based lower mid-market private equity firm hired Raymond Shih as an associate, and Athilia Chau Banh as a staff accountant. Previously, Shih worked at Landmark Partners where he served as an analyst while Banh was a fund administrator at State Street Capital.
In Second Opinion, Arch Capital is close to acquiring AIG's mortgage insurance unit for about $3.4 billion, Dropbox might be going public in 2017 and Uncle Sam could tax U.S. Olympic athletes up to $9,900 per gold medal.
Verisk Health, a portfolio company of Veritas Capital, has appointed Dr. Emad Rizk as CEO. Previously, Rizk was CEO of Accretive Health Inc.
Trident Maritime Systems, which is backed by J.F. Lehman & Company, has agreed to acquire Callenberg Technology Group from Wilhelmsen Maritime Services AS. No financial terms were disclosed for the deal that's expected to close later this year. Callenberg is a Swedish provider of insulation, HVAC and electrical energy management technologies for the martime, offshore and energy markets.
Z Capital Group LLC has appointed Sean Maddock as a managing director and operating partner. Previously, Maddock worked at Evolution Hospitality where he served as the regional director of operations.
Blackford Capital has made an undisclosed investment in Chesterfield, Michigan-based Davalor Mold Corp, a maker of injection molded plastic products. Talmer Bank provided the financing for the transaction.
Investment bank and adviser Sagent Advisors has appointed Greg Melconian as a managing director and head of diversified industrials. Previously, Melconian worked at BMO Capital Markets where he served as a managing director and co-head of diversified industrials.
Topspin Partners has acquired a majority stake in Texas Family Fitness, an operator of health and fitness clubs in the suburban Dallas, Texas area. The seller was TFF's owner and founder Trevor Rogers, who will retain a "significant" ownership stake in the company. No financial terms were disclosed. Integrity Square advised Rogers on this transaction.
Pfingsten has hired Scott Gilbertson as a principal for its corporate finance team. Previously, Gilbertson worked at The Riverside Company.
NewSpring Capital has invested $12.5 million in ReviMedia Group BV. In addition to the funding, Glenn Rieger of NewSpring Capital has been appointed to ReviMedia’s board of directors. Based in New York, ReviMedia is a performance marketing company.