Iris Dorbian
BioClinica Inc, which is backed by Water Street Healthcare Partners and JLL Partners, has acquired MediciGroup, a patient recruitment and retention company. No financial terms were disclosed.
Palladium Equity Partners has acquired Alexandria, Virginia-based TransForce Inc, a staffing provider for the commercial transportation sector. No financial terms were disclosed.
SSI, which is owned by HGGC, has closed its previously announced acquisitions of MyOpinions Ltd. and SmileCity Ltd. No financial terms were disclosed. The seller was PermissionCorp. MyOpinions provides online research for research agencies and corporate clients in Australia and overseas while SmileCity is an online rewards program exclusively for New Zealanders.
Tailwind Capital has raised $1.05 billion for its second fund, the mid-market private equity firm announced today.
Blackstone has appointed Liping Zhang as a senior managing director and its chairman for Greater China. Previously, Zhang worked at Credit Suisse where he recently was co-CEO of Greater China and vice chairman of global investment banking.
KKR has named Dominique Lafont as a senior advisor. The appointment is effective immediately. Lafont is the former president and CEO of Bolloré Africa Logistics.
French private equity fund Time for Growth has agreed to provide 10 million euros in funding to Zound Industries. Based in Stockholm, Zound Industries is an electronics company and parent to audio accessory brands Urbanears, Marshall Headphones, Coloud and Molami.
The Abraaj Group has sold its stake in UAP Holdings Limited to Old Mutual plc. No financial terms were disclosed. UAP is a pan-African insurance holding company with subsidiaries in Kenya, Uganda, Tanzania, Rwanda and South Sudan. It is also an insurance brokerage arm in the Democratic Republic of Congo.
Japanese restaurant chain Wagamama, which is backed by Duke Street, has named Allan Leighton as non-executive chairman. Leighton's extensive work background includes serving as president and CEO of Wal-Mart Europe.
Lovell Minnick Partners has provided an undisclosed "significant" investment in Worldwide Facilities LLC. Based in Los Angeles, Worldwide Facilies is a wholesale insurance broker. Waller Helms Advisors LLC provided financial advice to Worldwide Facilities on the transaction while Keefe, Bruyette & Woods did likewise for Lovell Minnick Partners.