Iris Dorbian
The Colorado Impact Fund, which is managed by an affiliate of Vestar Capital Partners, has made an investment of $3 million in Bhakti Chai. Also, John Foraker, president of Annie’s Inc has been added to Bhakti's board. Based in Boulder, Colorado, Bhakti is a maker of chai tea.
Tribeca Management Company has exited its stake in Operador del Terminal de Carga Aeropuerto Internacional El Dorado for $56.5 million. OTCA is the operator of Bogota CargoCity, the air cargo terminal at El Dorado International Airport in Bogota, Columbia.
Spectrum Equity has made a "significant" investment in Definitive Healthcare, which provides data and analytics on the healthcare provider market. In addition to the funding, Jeff Haywood and Chris Mitchell of Spectrum Equity, have been added to Definitive’s board of directors.
KKR & Co. LLP has completed its previously announced acquisition of an 85.05 percent stake in Pioneer Corp's DJ equipment business. No financial terms were disclosed; however, an earlier peHUB report tagged the value at $551 million.
The Riverside Company has acquired Sound Marketing Concepts as an add-on to its Spectrio platform. No financial terms were disclosed. Based in Rowley, Massachusetts and Rocky Hill, Connecticut, SMS is a provider of on-hold marketing messaging services focused on the healthcare industry.
Mexican restaurant chain Real Mex Restaurants has named Bryan Lockwood as CEO. The appointment is effective immediately. Previously, Lockwood worked at Tavistock Restaurants where he served as CEO and President. Real Mex is a portfolio company of Z Capital Partners LLC and Tennenbaum Capital Partners LLC.
NTS Communications Inc, which is backed by Tower Three Partners, has named Cyrus Driver as CEO and a member of the company's board of directors. Prior to joining NTS, Driver worked at Time Warner Cable's Business Class where he was a vice president. NTS is a provider of high-speed broadband services.
(Reuters) - Partner in Pet Food (PPF), a European pet food maker, has been put up for sale by private equity firm Advent International, sources told Reuters.
Sabre Industries, a portfolio company of Kohlberg & Company LLC, has bought FWT from Satori Capital. No financial terms were disclosed. Houlihan Lokey was financial advisor to FWT on the transaction. Based in Fort Worth, Texas, FWT is a maker of steel structures for the electricity transmission and distribution sector.
Blue Wolf Capital Partners LLC has made an undisclosed investment in North American Rescue LLC. Renaissance Strategic Advisors and Holland & Knight advised Blue Wolf on the transaction. In addition to the investment, Michael Ranson, Vic Caruso and Aakash Patel of Blue Wolf have been appointed to Blue Wolf's board of directors. Based in Greenville, South Carolina, NAR is a provider of medical products for the military, law enforcement and EMS first responder markets.