Iris Dorbian
This week's jobs include vice president positions at Morgan Stanley, Hamilton Lane and StepStone. Also, Andreessen Horowitz is recruiting for a deal partner.
Symphony Technology Group has closed its buy of McGraw Hill Construction from McGraw Hill Financial. The price of the acquisition was $320 million in cash. McGraw Hill Construction is a provider of data and insights for construction professionals.
Windjammer has sold BBB Industries to Pamplona Capital Management. No financial terms were disclosed. Harris Williams provided financial advice to BBB on the transaction. Based in Mobile, Alabama, BBB is a maker of application specific automotive aftermarket parts.
Healthcare benefits firm Aetna has agreed to buy Chicago-based Bswift, a tech platform provider for health insurance exchanges and employers, for about $400 million.
Blue Point Capital Partners has closed its third buyout fund at a hard cap of $425 million, beating its $400 million target.
Omnitracs, a portfolio company of Vista Equity Partners, has closed its buy of XRS Corp. for about $178 million. Based in Eden Prairie, Minnesota, XRS is a provider of mobile fleet optimization software.
Wellspring has bought Qualitor from HCI Equity Partners. No financial terms were disclosed. Headquartered in Michigan, Qualitor is a provider of aftermarket safety and wear parts for the automotive industry.
Confie Seguros, a portfolio company of ABRY Partners, has made three acquisitions. The company has acquired The Insurance Market Agency in Tonawanda, NY and Action Auto Insurance Agency in Cheektowaga, NY. Both agencies provider a variety of insurance products, which include auto, homeowners and small commercial. Also, Confie Seguros has bought Ontario, Calif.-based Fast Quote Insurance, which specializes in auto insurance. No financial terms were disclosed for any of these transactions.
Tecumseh Products Company has appointed Mitchell I. Quain to its board of directors. Quain is a senior advisor at Carlyle and a former partner at One Equity Partners. Based in Ann Arbor, Mich., Tecumseh Products is a maker of compressors and related products.
Private equity firm Equities First Holdings has bought the Australian offices of Meridian Equity Partners Pty Limited. No financial terms were disclosed. As a result of the transaction, EFH now runs six facilities on four continents.