Iris Dorbian
Eureka Growth Capital has acquired Shrewsbury, New Jersey-based MedForce, a provider of healthcare professional interaction management services for product promotion and marketing programs for U.S. drug makers and biotech companies. The seller was Call Inc. No financial terms were disclosed. TD Bank provided the debt financing for this transaction.
Professional Physical Therapy, which is backed by Great Point Partners, has acquired New Jersey-based Princeton Physical Therapy Group, a provider of physical therapy services. No financial terms were disclosed.
Second Opinion closes out the day with news that Federal Reserve head Yellen does see an interest rate increase in the future but can't say when, Supreme Court rejects Google's appeal in class action lawsuit from advertisers and GE has some potentially bad news for employees--no annual raise.
Broker-dealer network Advisor Group, which is owned by Lightyear Capital LLC, has hired Andrea Larsen as chief human resources officer. Previously, Larsen worked as a human resources executive at GE Capital real estate's North America platform.
The Invus Group has acquired a controlling stake in plus-size women's clothing retailer Ashley Stewart Inc. The sellers were Clearlake Capital Group LP and FirePine Group LLC. No financial terms were disclosed. Robert W. Baird & Co provided financial advice to Ashley Stewart on the transaction.
Law firm Jenner & Block has hired Kyle Gann to join its private equity and M&A practice. Previously, Gann worked at Kirkland & Ellis where he served as a corporate partner. Gann is based in the firm's Chicago office.
Commerce Street Capital has promoted Chris Meadows to managing director of the firm's bank capital group. Previously, Meadows served as senior vice president of the group.
The Abraaj Group has acquired a minority stake in Turkish bank Fibabanka A.S. No financial terms were disclosed for the transaction that's expected to be completed in the third quarter of this year.
Cahill Services LLC, which is backed by Pine Brook, has acquired Alberta, Canada-based Drive Rental Corp, a provider of unique heating technologies. No financial terms were disclosed.
ERP Power LLC, which is backed by Angeles Equity Partners LLC, has named Jeffrey Frank to its board of directors. Frank's work background includes senior executive positions at GE Power Electronics, Lineage Power, Cherokee International, Lambda LEI and Deltec Electronics. Headquartered in Moorpark, California, ERP is a provider of LED drivers for the lighting sector.