Iris Dorbian
Marquee Brands, which is backed by Neuberger Berman Private Equity, has acquired the Ben Sherman brand from Oxford Industries Inc. No financial terms were disclosed. Ropes & Gray LLP advised Marquee Brands on the transaction. UK-based Ben Sherman is a menswear lifestyle brand.
Compliance Science, which is backed by Edison Partners, has named Henry Bruce as chief marketing officer. Previously, Bruce worked at Centro LLC where he was vice president of product marketing. Based in New York City, Compliance Science is a provider of governance, risk management and compliance solutions for the financial services sector.
Private equity fund manager Grove Street Advisors has promoted Bruce Ou to managing partner. Ou joined Grove Street in 2007 and prior to that, worked in Monitor Group’s M&A and corporate finance group.
Bregal Sagemount has made an undisclosed investment in Irth Solutions. Vaquero Capital LLC was financial advisor to Irth Solutions on the transaction. In conjunction with the funding, Gene Yoon, Blair Greenberg and Curt Witte of Bregal Sagemount have been added to Irth Solution's board of directors. Based in Columbus, Ohio, Irth Solutions is a provider of field service management solutions for the utility, energy and telecom sectors.
Behrman Capital has recapitalized portfolio company Data Device Corp for $515 million. Based in Bohemia, New York, DDC is a provider of connectivity, power and control solutions for the aerospace, defense and industrial sectors.
KPS Capital Partners has recapitalized American & Efird Global for about $275 million. Based in Mount Holly, North Carolina, A&E is a maker of industrial and consumer sewing thread, embroidery thread and technical textiles.
First Read ushers in the week with news that Barclays is reportedly planning on downsizing more than 30,000 jobs, grocery store chain A&P files for bankruptcy again and hackers steal user data from online cheating site Ashley Madison and threaten to leak it. Oops.
In Second Opinion, Google's stock crosses $700, hitting an all-time high, Valeant will acquire Egyptian drugmaker Amoun for about $800 million and Japanese senior citizens are committing more crimes than teens.
Milwaukee-based Hammes Partners has raised $430 mln for its second healthcare real estate private equity fund.
Security data and analytics provider Rapid7 has debuted its IPO after pricing its 6.45 million shares at $16 per share. The stock began trading Friday on the NASDAQ under the ticker symbol "RPD." Morgan Stanley & Co. LLC and Barclays Capital Inc are serving as the lead underwriters. Rapid7 is backed by Bain Capital and Technology Crossover Ventures.