Iris Dorbian
Lovell Minnick Partners has made several new additions to its team. The private equity firm has hired Benjamin Kaplan and Steven Korff as vice president and associate respectively in Los Angeles while Greg Dutov is joining the Philadelphia office as an associate.
Daikin Industries Ltd has agreed to acquire Flanders Holdings, a U.S. air filter maker. The seller is Insight Equity. The price of the acquisition is $430 million. Baird advised Flanders on the transaction.
First Read ushers in the morning with news that Twitter has formed a "Trust and Safety Council" to monitor online trolls, Zenefits' CEO steps down while the company's COO replaces him and Michael Bloomberg confirms he's considering a presidential run.
In Second Opinion, Chesapeake Energy denies bankruptcy rumors, Verizon's CEO confirms interest in buying Yahoo and President Obama is seeking more than $1.8 billion in funds to fight Zika at home and abroad.
This week's jobs include a managing director at Cambridge Associates and a vice president at Jefferies. Also up for grabs are analyst positions at Blackstone and PIMCO and an associate spot at 3P Partners.
Garrison Investment Group is seeking to raise $500 million for its second mid-market lending fund, according to an SEC filing. Based in New York, the firm focuses on deploying capital in the following sectors: corporate finance, financial assets, private equity and real estate.
PSA Healthcare, which is backed by J.H. Whitney Capital Partners, has acquired Care Unlimited Inc, a provider of home care services to children in Pennsylvania. No financial terms were disclosed. Edge Healthcare Partners advised PSA on the transaction while The Braff Group advised Care Unlimited.
Avista Pharma Solutions, which is backed by Ampersand Capital Partners, has named Eric Setzer as chief financial officer. Previously, Setzer worked at INC Research where he served as the executive director of finance. Avista Pharma is a a contract testing, development and manufacturing company.
VMG Partners has promoted Angad Hira, Jonathan Marshall, and Carle Stenmark to vice president. Hira joined VMG in 2010 while Marshall and Stenmark came on board in 2012.
First Read begins the week with news that Thailand's TCC Group is planning on acquiring Groupe Casino's Stake in Big C for 3.1 billion euros, Malaysian police are patrolling Twitter for drawings of the prime minister as a clown and the Broncos win Super Bowl 50.