Iris Dorbian
White Wolf Capital said Wednesday that it has completed a recapitalization of Aero Precision. No financial terms were disclosed. Joe Hoff, VERCOR's managing director, advised Aero Precision in the transaction. Based in Tacoma, Wash., Aero Precision is a maker of firearm components.
General Atlantic said Wednesday that it has hired Gene Lockhart as a special advisor. Previously, Lockhart was president and CEO of MasterCard Worldwide. General Atlantic is a global growth equity firm.
Sofinnova Partners said Wednesday that it is selling its portfolio company Ethical Oncology Science to Clovis Oncology for $420 million. Based in Milan, Italy, EOS is a biopharmaceutical company that develops drugs that treat cancer.
Exhilway Global has closed $200 million for its mines and minerals private equity fund. According to the company, the pool will focus on acquiring and operating mines in Turkey, Kazakhstan and Indonesia. Exhilway is a US-based emerging markets private equity fund.
Smashburger said Wednesday that it has promoted Scott Crane from president to CEO. Crane is replacing the company's former CEO David Prokupek. Headquartered in Denver, Colorado, Smashburger, which was seeded by Consumer Capital Partners, is a restaurant chain.
Partner Communications Company has named Adam Chesnoff as chairman of the board of directors. He is replacing Shlomo Rodav who requested to step down from his post due to personal reasons. Also, the company has named Elon Shalev as vice chairman of the board of directors. Chesnoff is the president and chief operating officer of Saban Capital Group while Shalev is chairman of the board of directors of SHL Telemedicine Ltd. and is a senior advisor to the Saban Capital Group. Based in Israel, Partner Communications Company is a communications operator.
Jostens has agreed to acquire American Achievement, a portfolio company of Fenway Partners. No financial terms were disclosed for the transaction, which is expected to close no later than the second quarter of 2014. Goldman, Sachs & Co. advised American Achievement in the transaction. Ropes & Gray and Wilmer Hale served as legal advisors to American Achievement and Fenway. Headquartered in Austin, American Achievement is a provider of commemorative jewelry and recognition products such as class rings, yearbooks, letter jackets and other jewelry.
REVA Air Ambulance, which is backed by The Beekman Group, has closed its buy of American Care Air Ambulance. No financial terms were disclosed. With operations in San Diego, Calif. and Spokane, Wash., American Care is a fixed wing air ambulance provider.
Brookside Mezzanine Partners has made an undisclosed investment in Stagnito Partners. Headquartered in Deerfield, Illinois, Stagnito, a portfolio company of Topspin Partners LBO, is a publisher of trade publications that targets food, gourmet and convenience store retailers.
The Wall Street Journal reported that Aviva is selling 39% of its stake in Eurovita Assicurazioni to JC Flowers for $44.25 million. The paper also said that Eurovita's other owner, Banco Popolare, has agreed to sell its entire stake in the company to JC Flowers. No financial terms were disclosed for that exit. Eurovita is an Italian life insurance company.