Iris Dorbian
Pine Tree Equity III LP has acquired a minority stake in Smile Design Dentistry. No financial terms were disclosed. Based in Tampa, Florida, Smile Design is a dental care services provider.
KODA Distribution Group has acquired Unipex Solutions Canada, a distributor of specialty chemicals in Canada. No financial terms were disclosed. Unipex Solutions Canada was a unit of Unipex Group, which is backed by IK Investment Partners.
Lightyear Capital LLC has agreed to buy a majority stake in Wealth Enhancement Group, a wealth management firm. The seller is Norwest Equity Partners. William Blair & Company provided financial advice to Wealth Enhancement Group on the transaction.
Rural Physicians Group has secured an undisclosed investment from Sorenson Capital with participation from Leavitt Equity Partners. Based in Las Vegas, Rural Physicians Group provides "value-rich" solutions to rural hospitals.
First Read ushers in your morning with news that Halliburton is cutting 9,000 jobs, KPMG names its first female CEO and Happy Birthday to Queen Elizabeth who turns 89 today.
Ardian has agreed to sell its 96.5 percent stake in Novotema, an Italy-based rubber component maker, to IDEX. No financial terms were disclosed.
Star Mountain Capital LLC has named Todd E. Benson as a strategic investor and senior advisor. Benson is a managing partner at Herington LLC. He is also a former managing partner and global co-head of Citigroup Private Equity.
Harvest Partners LP and Cressey & Company LP has led a recapitalization of VetCor Group Holdings Corp. No financial terms were disclosed. Jefferies LLC provided financial advice to VetCor on the transaction while Golub Capital arranged the senior debt. Headquartered in Hingham, Massachusetts, VetCor is an owner and operator of veterinary hospitals.
In Second Opinion, health insurance start-up Oscar snags $145 mln in funding at an $1.5 bln valuation, GE is in talks to sell its lending and leasing portfolio to Wells Fargo and Kraft ends its macaroni and cheese fake coloring. But will it still be yellow?
This week's job opportunities include vice president of growth private equity at Robin Judson Partners and a director of private equity investor relations at Drum Capital. Invesco, Houlihan Lokey and North Castle Partners also are hiring.