Iris Dorbian
Toronto-based Clairvest Group has raised $518 million in the first close of its fifth fund. The target is $600 million.
Canadian private equity firm The Catalyst Group has completed the acquisition of specific assets of Advantage Rent a Car from Simply Wheelz, a subsidiary of Franchise Services of North America. No financial terms were disclosed for the 363 sale that includes operations at 37 airports. Simply Wheelz filed for bankruptcy protection last November.
TA Associates has made an undisclosed investment in Bomgar. Shea & Company was financial adviser to Bomgar on the transaction. Headquartered in Jackson, Mississippi, Bomgar is a provider of enterprise remote support solutions.
Automic, a portfolio company of EQT Partners, is planning on buying ORSYP SAS. No financial terms were disclosed. Harris Williams & Co. is serving as financial advisor to ORSYP on the transaction. Based in Paris, ORSYP, which is backed by Argos Soditic, is a provider of IT automation and optimization solutions.
Commonfund Capital said Thursday that it has named Miriam E. Schmitter as director. In her new role, Schmitter, who will be based in the firm's London office, will focus on research and investments in private equity, venture capital and natural resources. Her appointment became effective May 1. Commonfund Capital is a subsidiary of Commonfund, an investment firm for institutional investors.
DataBank, a portfolio company of Avista Capital Partners, has acquired Arsalon Technologies. No financial terms were disclosed. Based in Lenexa, Kansas, Arsalon Technologies is a managed services and colocation provider.
FMC Technologies has completed the sale of its material handling products business to Syntron Material Handling, an affiliate of Levine Leichtman Capital Partners. No financial terms were disclosed.
Laboratoires Anios, which is owned by Ardian, has acquired Soluscope. No financial terms were disclosed. Based in Aubagne, France, Soluscope is a maker of washer-disinfectors for endoscopes used in hospitals.
Private equity firm Ardian said Wednesday that it has raised 70 million euros for its SME fund. According to the firm, the majority of the pool's LPs are European investors.
Vestar Capital Partners has closed its buy of Institutional Shareholder Services from MSCI. According to various news reports, the purchase price was for $367 million. Morgan Stanley was the financial adviser to MSCI on the transaction. ISS is a provider of proxy advisory and corporate governance solutions to financial market participants.