Iris Dorbian
Learning platform EDUonGo has named Salim Dada as its chief financial officer. Data is president of Washington-based investment banking firm Concord Ventures Inc.
The Carlyle Group has closed its third European tech fund at its hard cap of 656 million euros (US$714 million), the firm announced today.
New York-based private equity firm Cortec, which backs U.S. and Canadian middle market specialty healthcare companies, has closed its latest fund at a hard cap of $1.1 billion. Cortec Fund VI will focus on companies that have revenues of more than $25 million and between $5 to $30 million in trailing EBITDA.
Twin Brook Capital Partners has beefed up its senior team with several hires. The firm, a lending subsidiary of Angelo, Gordon & Co, has tapped Richard Christensen, David Gibson, Grant Haggard, Drew Guyette, Jessica Nels, and Evan Larsen to underwrite loans to private equity-backed middle market companies.
Scotland-based investment management firm Aberdeen Asset Management PLC has agreed to acquire FLAG Capital Management, LLC, a provider of private equity and real asset solutions.
Invo HealthCare Associates, which is backed by Post Capital Partners, has appointed Anthony Manley as CEO. Previously, Manley worked at Catapult Learning where he served as chief operating officer and executive vice president. Based in Jamison, Pennsylvania, Invo HealthCare Associates is a provider of outsourced special education and related services for children with developmental delays and disabilities.
ClearPoint Investment Partners has named Taimur Shaikh as principal and Joseph Velli as operating director. Previously, Shaikh worked at Trident Capital and Oak Hill Capital Partners while Velli most recently served as chairman and CEO of BNY Convergex Group LLC.
Aavid Corp, a portfolio company of Audax Private Equity, has acquired Qfinsoft Technology Inc. No financial terms were disclosed. Canada-based Qfinsoft is a developer of software used in fluid flow and thermal management applications.
First Read kicks off your morning with news that FIFA officials have been arrested on corruption charges, the IRS says thieves stole tax info from 100,000 and Vox Media acquires tech blog Re/code.
In Second Opinion, EMC agrees to acquire Virtustream for $1.2 billion, a new report says the billionaire boom may be waning and Pizza Hut and Taco Bell are planning to remove artificial ingredients from their offerings.