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Iris Dorbian

Pasteurization Technology Group said Wednesday that it has hired Mark Hughes as director of power generation. Previously, Hughes worked at Solar Turbines, where he held senior positions in both controls engineering and marketing. Based in California, PTG, which is backed by EIC Ventures and Kennington, is a provider of wastewater disinfection solutions.
AssuredPartners, a portfolio company of GTCR, has acquired The Insurance Centers and Ironbound Business Insurance Agency. No financial terms were disclosed. The Insurance Centers and Ironbound Business Insurance Agency are based in Clark, NJ and Newark, NJ, respectively. AssuredPartners acquires and invests in insurance brokerage businesses in the U.S. and London.
RRE Ventures said Wednesday that it has named Steve Schlafman as a principal. Prior to joining RRE, Schlafman worked at Lerer Ventures. Headquartered in New York, RRE Ventures is an early-stage venture investment firm.
JIBE said Wednesday that it has named Jim Duddy as senior vice president of sales and Alison Shurell as CMO. Both will be based in the company's New York City office. Backed by Longworth Venture Partners, Polaris Partners, Draper Fisher Jurveston and Gotham Ventures, JIBE is a provider of software solutions for human resources.
Red Book Connect said Wednesday that it has named Arnab Sur as senior vice president of global sales. Previously, Sur served as global sales vice president for A T & T Cloud Solutions. Red Book Connect is a global provider of cloud-based solutions and is backed by TPG Growth, the middle market and growth equity platform of TPG, a global private investment firm.
The Goldman Sachs Group said Wednesday that it has sold its majority stake in REDI to a consortium of investors that BofA Merrill Lynch, Barclays, BNP Paribas, Citadel and Lightyear Capital. No financial terms were disclosed, however, Goldman Sachs will retain a "significant" minority equity stake in the company. REDI is a global technology platform.
Regulus Therapeutics, a San Diego-based biopharmaceutical company, said Wednesday that it anticipates raising approximately $42.8 million for its IPO. The company will be offering 4,500,000 shares of its common stock at a price of $9.50 per share. The IPO is expected to close on or about July 22, 2013. Lazard Capital Markets LLC, Cowen and Company, LLC and BMO Capital Markets Corp are serving as joint book-running managers for the IPO while Needham & Company, LLC and Wedbush PacGrow Life Sciences are acting as co-managers.
Lexington Partners said Wednesday that it has closed $1.57 billion for its third fund, Lexington Co-Investment Partners III. Limited partners include the Florida State Board of Administration and the New York State Teachers' Retirement System. Lexington Partners is a global alternative investment manager.
LCMS Solutions said Wednesday that it has named Dale L. Ziegler as CEO. Previously, Ziegler worked as a managing director with Carlisle Enterprises, a La Jolla, CA- based private equity investment firm. LCMS is a provider of clinical diagnostic information to doctors.
Isis Energy said Tuesday that it has secured a $150 million commitment from EnCap Flatrock Midstream. According to Isis Energy, the financing will be used to provide logistics and infrastructure for moving, storing and blending low-gravity crude and other products including residual fuel oil, asphalt and reclaimed products. Based in Houston, Texas, Isis Energy is a new midstream company focused on the transportation, storage and distribution of crude oil and related products.
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