169 Views

Odyssey-backed Duravant buys Hamer

Hanover Partners and Tuckerman Capital said Thursday they have sold Hamer LLC. Financial terms weren’t announced. Durvant, a portfolio company of Odyssey Investment Partners LLC, is the buyer. Plymouth, Minnesota-based Hamer provides packaging equipment solutions. Hanover and Tuckerman bought Hamer in 2001; the sale generated net returns of 7.2 times cash-on-cash and a 39 percent IRR.

DJI, Accell launch SkyFund

DJI and Accel said Wednesday they launched SkyFund. Financial terms were not disclosed. SkyFund aims to drive mainstream adoption of drone-based vehicles and services. The pool is investing in early-stage companies in sectors such as robotics and machine intelligence, software, computer vision and navigation, multimedia communities and tools.

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Springbok Energy launches next fund, forms partnership with NGP: CORRECTED

Springbok Energy Partners LLC said Thursday it is launching its next fund. The pool will invest in a strategic partnership between management and National Natural Gas Partners that will invest in mineral and royalty interests. The fund is seeking capital commitments from third party institutional and high net worth investors.

Cleardata raises $25 mln

Cleardata said Thursday it closed $25 million Series C funding contributions from Heritage Group, HLM Venture Partners and Flare Capital Partners. Existing investors Norwest Venture Partners, Merck Global Health Innovation Fund and Excel Venture Management also participated. Tempe, Arizona-based Cleardata provides cloud computing, platform and information security services to the healthcare industry.

SSI to buy MyOpinions, SmileCity

SSI said Thursday it is buying MyOpinions Ltd. in Australia and SmileCity Ltd. in New Zealand. Financial terms weren’t announced. The seller is PermissionCorp. SSI is a portfolio company of HGGC. SmileCity is an online rewards program exclusively for New Zealanders while MyOpinions provides online research for research agencies and corporate clients in Australia and overseas.

Sterling Group closes B&G Crane sale

The Sterling Group said Wednesday it closed its sale of B&G Crane Service to NCSG Crane & Heavy Haul Corp. New Orleands-based B&G provides fully operated and maintained crane services, heavy rigging and specialty hauling services in the Louisiana Gulf Coast region. RBC Capital Markets advised Sterling.

Allianz Capital, Basion Infrastructure buy Comsa Emte Concesiones assets

Allianz Capital Partners and Bastion Infrastructure Group said Thursday they have acquired three Spanish infrastructure assets from Comsa Emte Concesiones. Financial terms were not announced. The deal includes 100 percent of Comsa Emte’s interests in three concession assets, two granted in connection with the Metro Line 9 commuter rail line in Barcelona and one in connection with the Metro Ligero Oeste commuter rail line in Madrid. Rubicon Infrastructure Advisors advised Comsa Emte while BBVA Corporate Finance advised ACP and Bastion.

Banco Santander, OTPP and PSP Investments launch Cubico Sustainable

Banco Santander S.A., Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board said Thursday the have launched Cubico Sustainable Investments. London-based Cubico will manage and invest in renewable energy and water infrastructure assets globally. Santander is transferring 19 wind, solar and water infrastructure assets to the firm, which will be equally owned by the three investors.

Bank of China to provide financing for GO Scale’s Lumileds buy

GO Scale Capital, a fund sponsored by GSR Ventures and Oak Investment Partners, said it working with Bank of China to finance its buy of Lumileds. Philips announced the sale of Lumileds to GO Scale Capital, which is buying 80.1 percent, in March. The deal, reportedly valued at $3.3 billion, includes $1.93 billion in debt. Lumileds is Philips combined LED components and Automotive lighting business.

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Trustpilot raises $73.5 mln

Trustpilot said Thursday it raised $73.5 million in a Series D investment round led by Vitruvian Partners. Previous investors DFJ Esprit, Index Ventures, Northzone and Seed Capital Denmark also contributed. With offices in New York, London, Copenhagen and Melbourne, Trustpilot is a review community for online shoppers.

149 Views

Cinven to buy Labco for $1.3 bln

Cinven said Thursday it has agreed to buy Labco. The deal has an enterprise value of 1.2 billion euros (US$1.3 billion). Paris-based Labco operates medical diagnostic laboratories.

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Keensight invests in smartTrade

Keensight Capital said Thursday it has invested in smartTrade Technologies. Financial terms weren’t announced. Aix-en-Provence, France-based smartTrade develops and markets software and technology for trading floors.

137 Views

Cohn-Sfetcu joins Carlyle

The Carlyle Group said Wednesday that Dan Cohn-Sfetcu has joined the firm as Managing Director. He will originate and execute middle market credit investments for Carlyle GMS Finance Inc., a Business Development Company, as well as its affiliated investment vehicle, NF Investment Corp. Carlyle GMS is focused on lending to U.S. middle market companies. Cohn-Sfetcu was previously an MD with American Capital.

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