Iris Dorbian
New Found Health, a portfolio company of Blue Wolf, has been named the "stalking horse bidder" for the assets of Florence Hospital at Anthem. Based in Pinal County, Arizona, Florence filed for chapter 11 bankruptcy in March 2013. According to Blue Wolf, its investment in Florence will allow the hospital to exit bankruptcy.
State Street Corp. has hired Jane Kirkland as senior vice president for its investment servicing business. Previously, Kirkland was a partner at McKinsey and Company where she served as director of knowledge management.
TSG Consumer Partners has appointed Paula Sutter as CEO of TSG Fashion. Previously, Sutter was president of Diane von Furstenberg.
Warburg Pincus has raised $4 billion for its energy fund, sweeping past its $3 billion target.
TRE Solar, a joint venture owned by Ardian and Tozzi Group, has closed its buy of Agritre, a biomass power plant project. According to the terms of the transaction, Ardian and Tozzi Group will invest over 100 million euros in Agritre.
Gryphon has made an undisclosed investment in Fleet Laboratories. Houlihan Lokey provided financial advice to Gryphon on the transaction while TM Capital Corp. was exclusive financial advisor to Fleet. Also, Steve LaMonte, a Gryphon advisor, has been appointed Fleet Laboratories' board chairman. Based in Lynchburg, Virginia, Fleet Laboratories is a consumer healthcare manufacturer.
Stonewall Kitchen has received financing from Centre Partners. No financial terms were disclosed. Also, Stonewall Kitchen has named John Stiker as CEO and promoted Lori King as president. Sawaya Segalas & Co. was exclusive financial advisor to Stonewall Kitchen on the transaction. Based in York, Maine, Stonewall Kitchen is a specialty food producer and retailer.
Praesidian Capital Europe has hired Serkan Dede and Sarah Pierce as investment directors. Previously, Dede worked at Lloyds Bank where he served as associate director in acquisition finance while Pierce worked at Royal Bank of Scotland's UK structured finance team, recently serving as a director in their origination and execution team for the lower mid-market.
Collagen Matrix has received an undisclosed investment from Metalmark Capital. RBC Capital Markets was financial advisor on the transaction. Headquartered in Oakland, NJ, Collagen Matrix is a provider of products and technology used in tissue repair and regeneration.
First Read starts your week with news the White House is drafting new Ebola guidelines for healthcare workers, CVS and Rite Aid are rejecting Apple Pay and a new study says M & A activity sharply declined in the third quarter.