Iris Dorbian

LCG Advisors has launched LCG Private Client Group. No financial terms were disclosed. LCG's Private Client Group will focus on providing private wealth planning and investment management services. Also, LCG has named Rafael Williamson as its chief investment officer. Previously, Williamson worked at Wells Fargo Private Bank where he served as a senior investment strategist.

Real estate private equity firm Madison Realty Capital has raised $145.4 million in the first close of its third debt fund. Its target is $600 million. The pool's LPs include public pension funds, corporate pension funds, university endowments, family offices and wealth managers.

LOYAL3 said Wednesday that it has hired Josh Rutberg as managing director of its capital markets team in the western U.S. Previously, Rutberg worked at Bain & Company. Based in San Francisco, LOYAL3 is a platform that allows people to buy stocks without incurring fees.

Private equity firm Ardian was in talks to buy PE fund stakes worth more than $2 billion from the investment vehicle of the Abu Dhabi government, Bloomberg reported on Monday, citing sources.

Metaldyne, which is backed by American Securities, has merged with Grede Holdings and HHI Group Holdings to form MPG. No financial terms were disclosed. George Thanopoulos, HHI's CEO, will become MPG's CEO while Thomas Amato, CEO of Metaldyne and Doug Grimm, CEO of Grede, will become co-presidents of MPG. As a result of the transaction, MPG will become a manufacturing firm focused on transmission, engine, driveline and safety critical applications in passenger, commercial and industrial vehicles.

Southcross Energy Partners has added Jason Downie and Wallace Henderson to its general partner's board of directors. Downie is the co-founder of Tailwater Capital while Henderson is a managing director at EIG.

Specialty finance firm Ares Capital Corp. has appointed Michael J. Arougheti as co-chairman of the board. Also, the firm has promoted Kipp deVeer to CEO and Mitchell S. Goldstein and Michael L. Smith as co-presidents.

Lesaffre has sold BFP to private equity consortium Zimt Holding. No financial terms were disclosed. Leopold Capital Partners and Linklaters advised Lesaffre on the transaction while Addleshaw Goddard advised Zimt. GE Capital provided financing for the deal. Based in the UK, BFP is a food distributor.

Selmet, a portfolio company of Blue Point Capital Partners, said Monday that it has acquired Onamac Industries. No financial terms were disclosed. Based in Everett, Wash., Onamac is a maker of machined components and assemblies to the aerospace and defense sector.

IGM Resins, a portfolio company of Arsenal Capital Partners, has acquired Insight High Technology Group. No financial terms were disclosed. IHT is a maker of photoinitiators, pharmaceutical intermediates and fine chemicals in China.