Iris Dorbian
J.C. Held LLC, which is backed by Lovell Minnick Partners, has acquired Chroma Building Corp's property loss unit. No financial terms were disclosed.
Abacus Finance Group LLC has arranged for $47 million in debt financing to support Bunker Hill Capital's investment in ASPEQ Heating Group. In addition to the funding, Abacus acquired an equity stake in ASPEQ. Based in St. Louis, Missouri, ASPEQ is a maker of highly-engineered electric heating and thermal management technologies.
Francisco Partners Management LP has closed its previously announced take-private buy of ClickSoftware Technologies Ltd for $12.65 per share or about $438 million. As a result of the deal, ClickSoftware will stop trading on the NASDAQ on Monday. ClickSoftware is a provider of automated mobile workforce management and optimization solutions for the service sector.
Seattle-based venture firm Alpine BioVentures has appointed Dr. Jay Venkatesan as a managing partner. Venkatesan is the former executive vice president and general manager of Oncothyreon Inc, which he joined after it was acquired by Alpine Biosciences. Also, he was a founder, portfolio manager and managing director of Ayer Capital Management.
Outcome Capital, an investment bank focused on the middle market, has named Craig A. Steger as a senior advisor. Previously, Steger worked at Forge 4ward.
First Read kicks off the week with news that Greece and Eurozone leaders have agreed to a new bailout deal, U.S. chemicals maker Platform Specialty is planning on buying Alent for $2.1 billion and Nintendo President Satoru Iwata dies of cancer at 55.
In Second Opinion, OPM Director Katherine Archuleta steps down after massive personnel data hack, Federal Reserve Chair Janet Yellen says an interest rate hike is coming later in the year and the champion U.S. women's soccer team gets a ticker tape parade in New York City.
According to an SEC filing, New Water Capital has closed its debut fund at its target size of $406 million. The Boca Raton, Florida-based private equity firm, which launched last year, focuses on lower middle market companies in the following industries: industrial manufacturing and services, consumer products and retail.
Peacock Engineering Company, a portfolio company of Charlesbank Capital Partners, has agreed to buy L&L Foods. No financial terms were disclosed for the transaction that is expected to be completed by the end of the month. PricewaterhouseCoopers provided financial advice to Peacock and Charlesback on the deal while Houlihan Lokey did likewise for L&L Foods. Based in Anaheim, California, L&L Foods is a provider of portion-control food packaging solutions.
An investor group led by Argosy Investment Partners, Plexus Capital and Salem Investment Partners has acquired Parker School Uniforms LLC from Blue Sage Capital. No financial terms were disclosed. Based in Houston, Parker is a provider of school uniforms to private and charter schools.