Iris Dorbian
VanDeMark Chemical, which is backed by Uni-World Capital, has acquired Framochem Kft. No financial terms were closed. Madison Capital Funding and Sumitomo Mitsui Banking Corp. provided the debt financing for the transaction while Prudential Capital Group provided the mezzanine funding. Based in Hungary, Framochem is a maker of phosgene products.
European Capital has refinanced portfolio company Hillarys for 113.5 million pounds. Also, the company has used the proceeds in addition to a 5.5 million equity investment to buy out Permira Debt Managers' minority stake in Hillarys. GE Capital International, Ares Management and Permira Debt Managers provided the credit facilities for the refinancing. Based in the U.K., Hillarys is a provider of domestic window coverings.
Specialty finance lender Hercules Technology Growth Capital has added Thomas Fallon to its board of directors. Fallon is the CEO of Infinera Corp.
Enumeral has raised $21.5 million in a private placement. According to terms of the transaction, the company sold 21.5 million shares at a price of $1 per share. Montrose Capital Partners led the financing with participation from founding investor Harris & Harris Group. Intuitive Venture Partners served as exclusive financial advisor while EDI Financial was the lead placement agent. Based in Cambridge, Mass., Enumeral develops antibody immunotherapies that help the immune system attack diseased cells. The company just completed a merger between Enumeral Biomedical Corp and a unit of Enumeral Biomedical Holdings (formerly known as Cerulean Group).
Investment firm D.A. Davidson has named Paula Poskon and Barry Oxford to lead the firm’s new real estate research team. Prior to joining D.A. Davidson, Poskon was a real estate analyst for Robert W. Baird & Co. while Oxford was an analyst for Discern. Poskon's appointment will begin on September 2 while Oxford already began on July 28.
Evercore has agreed to buy ISI's operating business. No financial terms were disclosed. Also, Evercore is planning on acquiring the approximate 40 percent stake in ISI's institutional equities business that's not currently owned by the company. The combined business will be known as Evercore ISI Institutional Equities, an equity research, sales and agency trading firm.
TractManager, a portfolio company of Arsenal Capital Partners, has completed its acquisition of MD Buyline from SFW Capital Partners. No financial terms were disclosed. Based in Dallas, MD Buyline is a provider of healthcare analytics and supply chain spend intelligence services to healthcare providers and vendors.
Canadian private equity firm Onex said Monday that it has closed its sale of The Warranty Group to TPG Capital for about $1.5 billion. Headquartered in Chicago, TWG is a a provider of extended warranty contracts.
Lion Equity Partners has acquired "substantially" all of Endurance Business Media assets, which includes Homes & Land, a real estate media platform based in Tallahassee, Florida. No financial terms were disclosed.
Thompson Street Capital Partners has acquired Stone Panels. No financial terms were disclosed for the transaction, which TSCP did with Stone Panels' management. Based in Coppell, Texas, Stone Panels is a maker of natural stone composite panels.