ILPA releases Fee Transparency Initiative

The Institutional Limited Partners Association (ILPA) is trying to help increase transparency between LPs and GPs around fees and expenses with a new tool. The industry trade organization has released the Fee Transparency Initiative, which aims to establish more robust and consistent standards for fee and expense reporting and compliance disclosures among investors, fund managers and their advisers.


Wrap Media raises $12.7 mln

Wrap Media said Thursday it closed a $12.7 million Series B financing round led by Raine Ventures and ProSiebenSat.1 Media. Christopher Crain of Crain Communications, Dream Incubator, FF Angel LLC, Salesforce Ventures and Transmedia Capital also participated. San Francisco-based Wrap Media provides an interactive storytelling and commerce platform.

H.I.G. closes 7S Group sale to Manpower

H.I.G. Europe, the European arm of global private equity firm H.I.G. Capital, said it completed the sale of 7S Group to the Manpower Group. Financial terms weren’t announced. Jena, Germany-based 7S offers HR-related services like temporary staffing, business support services, and career services.


Riverside Company to buy Baker Hill

The Riverside Company said Tuesday it has agreed to buy Baker Hill, a division of Experian. Financial terms weren’t announced. Carmel, Indiana-based Baker Hill provides relationship management, credit-origination and risk-management solutions. Riverside said it plans to combine Baker Hill with portfolio company Database Marketing Agency Corp.

Riverside-backed BeneSys buys A&I Benefit Plan

BeneSys Inc., a portfolio company of The Riverside Company, has acquired A&I Benefit Plan Administrators. Financial terms weren’t announced. Portland-based A&I provides third-party administration for health and welfare and pension funds, as well as ancillary services such as COBRA and FSA administration. THL Credit and PNC provided financing for the transaction.

Levine Leichtman closes Trinity buy

Trinity Consultants said Thursday has closed its sale of a controlling stake to Levine Leichtman Capital Partners. Gryphon Investors was the seller. The deal was announced in August. Dallas-based Trinity is an environmental consulting firm that provides air quality compliance and permitting services. William Blair acted as lead advisor to Trinity and Gryphon, while Harris Williams and Lincoln International served as co-advisors on the transaction.

Tenex Capital, McCarthy Capital exit Medical Solutions

Beecken Petty O’Keefe & Company and Heritage Group have invested in Medical Solutions via a recapitalization. Tenex Capital Management and McCarthy Capital are the sellers. Financial terms weren’t announced. Omaha-based Medical Solutions is a healthcare staffing company.

BMW i Ventures invests in ZIRX

BMW i Ventures, the venture capital unit of BMW Group, has invested in ZIRX. Financial terms weren’t announced. San Francisco-based ZIRX is an on-demand parking and car services company. Prior investors include Bessemer Venture Partners, Norwest Venture Partners and Trinity Ventures.


Leonard Green-led group buys RestorixHealth

Sverica Capital Management LLC said Thursday that it completed the sale of RestorixHealth Inc. to an investment group led by Leonard Green & Partners LP. Financial terms weren’t announced. The other investors were also not announced. Tarrytown, New York -based RestorixHealth provides wound care management solutions to hospitals.


Seven Mile Capital buys Huron Inc.

Seven Mile Capital Partners said Wednesday it acquired Huron Inc. Trive Capital was the seller. Co-investors include Trent Capital Partners, Bratenahl Capital Partners and Ingleside Investors. Financial terms weren’t announced. Lexington, Michigan-based Huron engineers and makes complex tubular assemblies and precision machined components for the North American automotive industry. Kayne Anderson Capital Advisors provided debt financing.


RoundTable closes two funds with $850 mln

RoundTable Healthcare Partners said Wednesday it closed its fourth equity fund with $650 million in commitments, while its third captive subordinated debt fund collected $200 million. Lake Forest, Illinois-based RoundTable, a healthcare focused PE firm, said it added four new partners. Pierre Frechette and Thomas Kapfer, CEOs of existing RoundTable portfolio companies, were named Senior Operating Partners. Richard Adloff, the CFO of three RoundTable portfolio companies, was named an Operating Partner, while Andrew Hochman, previously a Principal, was promoted to Partner.


Blackstone invests in PMI

The Blackstone Group has acquired a “significant” equity stake in the PMI Group. Financial terms weren’t announced. Blackstone has also agreed to provide PMI with a loan for working capital needs in exchange for warrants and certain other rights. PMI is the holding company for PMI Mortgage Insurance, which provides residential mortgage insurance coverage in the United States. Peter J. Solomon Company advised PMI while Blackstone Advisory Partners L.P. advised Blackstone.

VideoSurveillance.com merges with CamGuard

Riverlake Partners is backing the merger of VideoSurveillance.com with CamGuard. Financial terms weren’t announced. Portland-based VideoSurveillance.com is a video surveillance integration company. CamGuard, of Corona, California, provides video surveillance services.


Blue Point Capital buys Russell Food Equipment

Blue Point Capital Partners has acquired Russell Food Equipment Ltd. via a recapitalization. Financial terms weren’t announced. Vancouver, British Columbia-based Russell is a distributor, manufacturer and service provider of foodservice equipment and supplies in Canada.


Crosswise raises $3 mln

Crosswise said Wednesday that closed a $3 million Series A round of financing led by Pereq Ventures. ZhenFund, Emerge and existing investors Giza Venture Capital, OurCrowd and Horizons Ventures also participated. Tel Aviv, Israel-based Crosswise provides cross-device mapping data.


Williams, Story launch $50 mln VC fund Hangar Ventures

Jeff Williams and Jason Story have launched Hangar Ventures. Dallas-based Hangar is a $50 million venture fund that will provide early stage funding to technology companies. Williams was the founding partner of firms including KBK Mezzanine Partners, while Story launched Mutual Mobile.

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