Iris Dorbian
Deltek, a portfolio company of Thoma Bravo, has agreed to buy HRsmart. No financial terms were disclosed. Based in Richardson, Texas, HRsmart is a provider of unified talent management solutions.
Healthcare-focused private equity firm BelHealth Investment Partners has hired Marc Aronstein as a managing director. Previously, Aronstein worked at The Marwood Group where he recently served as a managing director and co-head of private equity investing and M&A.
McNally Capital and Coughlin Capital have acquired ITS Logistics. No financial terms were disclosed for the transaction that was done in partnership with ITS management. G2 Capital Advisors served as the sell-side advisor to ITS in the deal. Based in Sparks, Nevada, ITS is a provider of third-party logistics and supply chain management solutions.
Spectrum Group Management LLC, which focuses on investing in the distressed, special situations and secured lending credit markets, has hired Russell Diamond as a managing director. Previously, Diamond worked at Gates Capital Management where he was responsible for marketing and business development efforts.
Jaguar Growth Partners has appointed Bruce Wolfson as general counsel and Eva Lo as senior vice president of operations and chief compliance officer. Previously, Wolfson worked at Bingham McCutchen (now known as Morgan Lewis & Bockius) while Lo was at Rockwell Partners LLC.
Transportation-focused private equity firm Greenbriar Equity Group LLC has promoted Michael Weiss as a managing director. Prior to joining Greenbriar, Weiss worked at Merrill Lynch & Co's financial sponsors and leveraged finance group.
First Read kicks off your morning with news of Morgan Stanley agreeing to a $2.6 billion mortgage settlement, Google is reportedly considering a stake in Jawbone and Auto Trader plans to launch an IPO on the London Stock Exchange.
In Second Opinion, HP is reportedly trying to buy Aruba Networks, China drops top tech brands for approved state purchases and three Brooklyn men are arrested and accused of plotting to join ISIS.
Gryphon Investors has hired Robert E. Grady as a partner. The appointment becomes effective March 2. In his new position, Grady will head the firm's general industries group. Previously, Grady worked at the Cheyenne Capital Fund where he served as a general partner and managing director. Also, Grady is a former partner, managing director and global head of venture and growth capital at The Carlyle Group.
Global private placement agent and investment advisory firm First Avenue Partners has named Patrick Shuttleworth as a vice president. Previously, he worked at Zouk Capital.