Iris Dorbian
Macquarie Infrastructure Corp has named Liam Stewart as chief financial officer. The appointment becomes effective June 30, 2015. He's the former senior vice president and management partner at Global Tower Partners. Also, MIC has named Robert Choi as its principal accounting officer.
MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, has agreed to acquire UBS Global Asset Management's alternative fund services business. No financial terms were disclosed for the transaction that is expected to close in the fourth quarter of this year.
First Read ends your week with news Greece enters emergency negotiations, a Toyota executive is arrested in Japan for bringing painkillers into the country and the IPO market heats up after a slow start in 2015.
In Second Opinion, a suspect is arrested in the Charleston church shooting, which is now called a hate crime, Fitbit shares surge in market debut and cyberbullying app StopIt nabs a notable investor--retired Yankee great Derek Jeter.
New York-based Sourcepoint, a content compensation platform for premium publishers, has raised $10 million in Series A funding. Spark Capital and Foundry Group led the round with participation from Greycroft and Accel Partners Europe.
Stone Point Capital and KKR have agreed to recapitalize Privilege Underwriters, the holding company for the PURE Group of Insurance Companies. No financial terms were disclosed for the transaction that is being done with Privilege's management. As a result of the deal, Stone Point will maintain its majority stake in Privilege while KKR will acquire a minority stake. Headquartered in White Plains, New York, PURE Group of Insurance Companies is a provider of personal insurance and risk management services to high net worth individuals and families.
AssuredPartners, which is backed by GTCR, has acquired Birmingham, Alabama-based transportation broker Johnson-Locklin & Associates. No financial terms were disclosed.
Dwyer Group Inc, which is backed by The Riverside Company, has acquired Canada-based lawn care franchise The Grounds Guys. No financial terms were disclosed.
Ardian and Societe Generale Group's private equity subsidiary Societe Generale Capital Partenaires have invested 5 million euros into HR Path. Headquartered in Paris, HR Path is a human resources information systems provider.
Lovell Minnick Partners has acquired a minority stake in Lincoln Investment Planning Inc. No financial terms were disclosed for the transaction that's expected to be completed in the third quarter of this year. Moss Adams Capital served as financial advisor to Lincoln Investment on the deal while Berkshire Capital acted as financial advisor for Lovell Minnick Partners. Headquartered in Wyncote, Pennsylvania, Lincoln Investment is a provider of investment, wealth and retirement planning services.