Iris Dorbian
AssuredPartners Inc, which is backed by GTCR, has named D. Michael Sherman as vice chairman. In addition to his new role, Sherman will continue as chairman and CEO of Dawson Companies, a platform company of AssuredPartners. Headquartered in Lake Mary, Florida, AssuredPartners is an insurance agency.
Victory Park Capital has provided a $50 million credit facility to The Credit Junction. Based in Arlington, Virginia, The Credit Junction is an online lending platform focused on providing working capital to small and medium-sized businesses.
STATS LLC, which is owned by Vista Equity Partners, has acquired Prozone. No financial terms were disclosed. Based in the UK, Prozone is a provider of athlete tracking and sports performance analytics.
Bridges Ventures has made an investment in Lexington, Massachusetts-based Springboard Education in America, a provider of before- and after-school educational programming. No financial terms were disclosed. Also, Springboard has named Peter Cannone as its new president.
Blue Wolf Capital Partners LLC has appointed Victor C. Caruso as managing director. Caruso's prior work background includes Houlihan Lokey and Merrill Lynch.
Lower middle market private equity firm Summit Park has closed its second fund at $118.5 million. The limited partners of Summit Park II LP include J.P. Morgan Asset Management, Private Advisors, Adveq, SCS Financial and Texas Children’s Hospital.
First Read ushers in your morning with news that Delivery Hero has acquired Turkey’s Yemeksepeti for $589 million, Smith College is now accepting transgender women and Jim Rogers says he would buy North Korea if he could.
In Second Opinion, Carly Fiorina and Mike Huckabee enter GOP presidential race in wake of Carson, Google acquires Timeful and the new royal baby gets a name--Charlotte Elizabeth Diana.
Marlin Equity Partners has closed its buy of Fidelis Cybersecurity from General Dynamics. No financial terms were disclosed. Fidelis is a provider of advanced cybersecurity threat prevention, detection and protection solutions.
This week's jobs include a managing director of pension investments at Cambridge Associates and a M&A vice president at Spitfire Capital Advisors. Also up for grabs is an associate spot at Canada Pension Plan Investment Board and analyst positions at Goldman Sachs and Morgan Stanley.