Iris Dorbian
Advantage Rent A Car, which is owned by The Catalyst Capital Group Inc, has closed its buy of car rental company E-Z Rent-A-Car Group Holdings LLC. No financial terms were disclosed.
KKR has made an undisclosed investment in discount retailer Channel Control Merchants. Goldman Sachs provided financial advice to CCM on the transaction while Citigroup did likewise for KKR.
DIY website builder Jimdo has secured $28 million from Spectrum Equity. According to the company, the capital infusion will be used for growth and product development.
True Green Capital Management LLC has raised $113 million for its current fund, beating its $100 million target. The limited partners of TGC's Fund II include endowments and foundations, investment advisors, an insurance company and family office investors.
Tritium Partners has acquired a majority stake in RoadOne IntermodaLogistics. No financial terms were disclosed. RoadOne is a provider of of intermodal transportation solutions for domestic and international shippers.
Santa Monica, California-based TaskUs, a customer support outsourcing company, has raised $15 million in funding. The investor was Navegar.
Clayton, Dubilier & Rice LLC will be acquiring Motor Fuel Group from Patron Capital Partners for about 500 million pounds. The transaction, which was done in partnership with MFG management, is expected to be completed in July. Also, Alasdair Locke will remain chairman of MFG while Sir Terry Leahy, a senior advvisor to CD&R’s funds, has been added to MFG's board. UK-based MFG is a gas and convenience retailer.
First Read starts off your week with news that GE is close to selling its private equity lending unit to Canada Pension Plan Investment Board, Deutsche Bank co-CEOS quit and food delivery startup Delivery Hero snags funding that gives it a $3.1 billion valuation.
In Second Opinion, Cardinal Health is acquiring generics distributor Harvard Drug Group for $1.12 billion, Fiat Chrysler delays Ferrari IPO and sorry Tim Cook, but less than a quarter of top retailers support Apple Pay.
First Reserve has added Luke O'Keefe to its energy infrastructure team. Previously, O'Keefe worked at General Electric's energy financial services business where he served as vice president of technical risk.