Iris Dorbian
SingleHop, which is backed by Battery Ventures, has acquired New York-based Datagram, an infrastructure solutions provider. No financial terms were disclosed.
CIT has provided $40 million in financing to support TowerBrook Capital Partners' acquisition of women's retailer J.Jill. The seller was Arcapita Bank BSC.
TA Associates has provided an undisclosed investment in Procare Software. Based in Medford, Oregon, Procare is a provider of child care management solutions.
San Francisco-based cloud video conferencing company Fuze has secured $20 million in funding from Hermes Growth Partners. Also, the company has acquired LiveMinutes, an online team workspace platform. No financial terms were disclosed.
First Read kicks off your morning with news that Altice is acquiring Suddenlink, Los Angeles raises its minimum wage to $15 and David Letterman prepares to sign off, serving as the longest late night talk show host in television history.
In Second Opinion, Takata's defective airbag recalls grows to almost 34 million, the U.S. charges six Chinese nationals with economic spying and according to IMF data, Australia hasn't had a recession in 24 years.
An unidentified private equity firm has agreed to provide $100 million to New York City-based alternative finance company eProdigy. According to the agreement, the financing will include a term loan, a convertible note and participation rights.
Walgreens Infusion Services, a provider of home and alternate treatment site infusion services, has rebranded itself as Option Care. Madison Dearborn Partners is the majority owner while Walgreen Co, a subsidiary of Walgreens Boots Alliance Inc, is the minority owner.
The Riverside Company is investing again in Health & Safety Institute. No financial terms were disclosed. Previously, Riverside invested in HSI and exited its stake in 2012. MidCap Financial, Maranon Capital and GCM Financial provided financing for the transaction while Jones Day advised Riverside. Based in Eugene, Oregon, HSI is a provider of healthcare and workplace safety training and compliance solutions.
Standard Chartered Private Equity has made a $42 million investment in Omni Centre Pte Ltd, a new electronics retail joint venture with TT International Limited. As a result of the transaction, SCPE now has a minority stake in Omni Centre, which owns and operates 60 electronic retail stores in Indonesia.