The Abraaj Group said Jan. 19 that it acquired a majority stake in Casaideas. Financial terms weren’t announced. Casaideas, of Santiago, Chile, provides home design and home decorative products. Casaideas is the first direct investment in Chile for Abraaj.
Gateway Packaging Company, a portfolio company of Saw Mill Capital LLC, has acquired the operating assets of Werthan Packaging Inc. Financial terms weren’t announced. Werthan, of White House, Tennessee, is a paper packaging supplier that filed for Chapter 11 bankruptcy protection in December.
J.W. Childs Associates LP said Jan. 19 that it added Joseph Fortunato as Operating Partner. Fortunato, who has been involved with numerous past and present J.W. Childs portfolio companies, was previously president and CEO of GNC Holdings. He is currently executive chairman of Comoto Holdings, parent company of Cycle Gear and Revzilla.com.
Sentinel Capital Partners is preparing its portfolio company, Checkers Drive-In Restaurants Inc, for a sale, Bloomberg reported Jan. 18. Piper Jeffray Cos is advising on the auction of Checkers, which could fetch $500 million, the story said. Sentinel Capital acquired Checkers, a hamburger chain, in 2014.
InsideSales.com said Jan. 18 that closed a $50 million growth equity round led by Polaris Partners. Microsoft also took part along with new investors include QuestMark Partners and the Ireland Strategic Investment Fund. Existing venture investors Kleiner Perkins Caufield Byers, Hummer Winblad, U.S. Venture Partners, Epic Ventures, and Zetta Venture Partners also participated. InsideSales.com, of Provo, Utah, provides an AI-powered predictive sales acceleration platform.
Gen Cap America Inc said Jan. 18 that it has acquired Gared Holdings LLC. Financial terms weren’t announced. Gared, of Noblesville, Indiana, makes and markets athletic equipment and custom design solutions to schools and other institutions. Gared operates under the Gared Sports, Performance Sports Systems, and Gared International brand names.
AnaCap Financial Partners has acquired Heidelpay. Financial terms weren’t announced. Heidelpay, of Germany, is an online payment service provider. AnaCap was advised by Norton Rose Fulbright and EY. Heidelpay was advised by Corestar Partners and Herbert Smith Freehills.
L Catterton said Jan. 17 that it agreed to buy Leslie’s Holdings Inc. Financial terms weren’t announced. GIC is also investing. Leslie’s, of Phoenix, is a retailer of swimming pool and spa supplies, with more than 890 retail stores in 35 states. Nomura Securities served as financial advisor to L Catterton. Kirkland & Ellis LLP acted as legal advisor to L Catterton and Sidley Austin LLP served as legal advisor to GIC.
Letgo said Jan. 17 that it raised $175 million in new funding from investors such as Naspers, Accel, Insight Venture Partners, New Enterprise Associates, 14W and other investors. With offices in New York and Barcelona, Letgo provides a mobile marketplace to buy and sell locally.
Serena Capital said Jan. 17 that it has launched Serena Data Ventures, a fund dedicated to investing in big data and artificial intelligence in Europe. Institutional investors and large corporate groups have committed close to 80 million euros ($85.7 million) to Serena Data Ventures. The new fund will invest between 500,000 and 3 million Euros in the first financing rounds. Serena Data has invested in Heuritech, a French startup that specializes in deep learning technologies.
Ares Management LP and Kaplan Management Company said Jan. 17 that they have formed a joint venture to buy the District at the Quarter. Financial terms weren’t announced. District at the Quarter, of Scottsdale, Arizona, will consist of 612 for-rent residential units and 7,000 square feet of commercial space upon completion.
Quad-C Management Inc said Jan. 17 that it agreed to sell Worldwide Express to Ridgemont Equity Partners. Financial terms weren’t announced. Worldwide Express, of Dallas, provides asset-light logistics services, including small parcel shipping, less-than-truckload and full truckload freight brokerage services. Fidus Partners and Harris Williams & Co provided financial advice while White & Case LLP acted as legal adviser to Quad-C and Worldwide Express.
L Catterton is in talks to raise a 500 million euro ($531 million) buyout fund targeting Europe-based companies in the consumer sector, Dow Jones reported. The fund will invest in midmarket companies in Europe across a number of consumer subsectors including food, retail, fashion, consumer products and services, the story said.
Goldman Sachs has acquired a minority stake in ArcLight Capital Partners, the Wall Street Journal reported Jan. 13. Goldman Sachs Asset Management’s Petershill program invested in ArcLight, along with Wafra Investment Advisory Group Inc and a family office, the story said, which cited an investor letter. ArcLight, of Boston, is an energy-focused private equity firm that targets opportunities in midstream, power and production.
D.light said Jan. 16 that it raised another $10.5 million in funding. The company said $5 million came from Norfund, while Beyond the Grid and Shell Foundation provided $5.5 million in grant funding D.light, of Nairobi, Kenya, makes and distributes solar lighting and power products in emerging markets, with a focus on Africa and Asia.
Spaces Inc said Jan. 13 that it raised another $6.5 million in funding led by Songcheng Performances Development Co Ltd. Comcast Ventures and other VC groups also participated. Spaces, of Los Angeles, is a virtual reality and mixed reality company.
ABRA Auto Body & Glass, a portfolio company of Hellman & Friedman, said Jan. 13 that James Kessler was named Chief Operating Officer, while Scott Krohn was promoted to Chief Process & Quality Officer. Toan Nguyen was named Chief Information & Strategy Officer.
Palamon Capital Partners said Jan. 16 that it acquired a majority stake in Happy Socks. The transaction values Happy Socks at SEK 725 million ($80.9 million) with SEK 40 million ($4.4 million) of growth capital injected into the business, giving Happy Socks an enterprise value of SEK 765 million ($85.4 million). Happy Socks, of Stockholm, is a brand of designer socks.