Madison Dearborn Partners to exit Ikaria in $2.3 bln deal

Mallinckrodt plc said Thursday that it has agreed to buy Ikaria Inc. in a deal valued at $2.3 billion. Madison Dearborn Partners, which acquired a majority of Ikaria in January 2014, and New Mountain Capital are selling. Hampton, New Jersey-based Ikaria is a critical care company. Goldman Sachs advised Mallinckrodt.


Winona Capital invests in Fat Brain Toys

Winona Capital has invested in Fat Brain Toys. Financial terms weren’t announced. Elkhorn, Nebraska-based Fat Brain is a retailer and manufacturer of educational toys and games.


Carlyle to sell part of CommScope stake in secondary

CommScope Holding Company Inc. said Wednesday that The Carlyle Group is selling 20 million shares of the company. Goldman Sachs & Co., the sole underwriter of the secondary offering, also has the option to buy another 3 million shares. After the deal, Carlyle will own about 81.2 million shares or 43 percent. CommScope, a telecommunications provider, went public in October 2013.

OpenGate to sell Kotkamills Oy

OpenGate Capital said Thursday it agreed to sell Kotkamills Oy to MB Funds. Financial terms weren’t announced. Kotkamills, of Kotka, Finland, makes speciality papers and wood-based products.


MML Capital invests in Luneau Technology

MML Capital has invested in The Luneau Technology Group. Financial terms weren’t announced. Luneau, of France, supplies diagnostic equipment, analysis and testing in ophthalmology, refractive optometry equipment and cutting equipment and mounting opticians. BNP Paribas advised Luneau.


Linden Fund III raises $750 mln

Linden Capital Partners has closed its third fund at its $750 million hard cap, said Tony Davis, the Chicago-based firm’s president and managing partner.

Apex buys Pinnacle Fund Administration

Apex Fund Services said Tuesday it acquired Pinnacle Fund Administration. Financial terms weren’t announced. Charlotte, North Caroline-based Pinnacle provides fund administration services to hedge funds, private equity funds, unit investment trusts and other collective schemes. FTV Capital is an investor of Apex Fund. Macquarie Capital advised Apex.


Summit Partners exits Multifonds

Summit Partners said Wednesday it sold Multifonds to Temenos Group AG. The total cash consideration for the deal was 235 million Euros (US$262.9 million). Luxembourg-based Multifonds provides fund administration software.

TriLumina raises $8.5 mln

TriLumina Corp. said Wednesday it closed an $8.5 million Series A round of funding with Stage 1 Ventures, and with current investors Cottonwood Technology Fund and Sun Mountain Capital. Albuquerque, New Mexico-based TriLumina is a semiconductor laser technology company.

Vanbridge to buy Alan Gray, Universale Insurance Services

Vanbridge LC has agreed to buy Alan Gray Inc. and Universal Insurance Services. Financial terms of both deals weren’t announced. Boston-based Alan Gray is an international insurance claims management and financial services firm. Universal Insurance Services, of Deerfield Beach, Florida, is a life insurance and financial advisory distribution firm. Both deals are expected to close by April 1. Investors of Vanbridge include Alvarez & Marsal Capital, KKR Capital Markets LP, Stone Point Capital and V.J. Dowling.

Bruenning joins Aclara Technologies as CFO

Kurt Bruenning has joined Aclara Technologies LLC as CFO, senior VP of finance, accounting, information technology and legal functions. Bruenning most recently was VP of Finance and Treasury at Foresight Energy LP. St. Louis-based Aclara, a provider of smart infrastructure technologies and software solutions to the utility industry, is a portfolio company of Sun Capital Partners.

Ennen named Columbus Foods president

Columbus Foods, a portfolio company of Arbor Investments, said Tuesday that Joe Ennen was named president, leading sales, marketing and human resources. Ennen will become Columbus’ CEO when current CEO Timothy Fallon retires at the end of 2015. Ennen is a former SVP in charge of Safeway’s exclusive brand portfolio. Columbus also said that Michael Fox has joined as SVP of marketing and innovation. Fox previously spent nearly a decade at PepsiCo.

AWAS to sell aircraft portfolio to Macquarie Group for $4 bln

AWAS, which is backed by Terra Firma and Canada Pension Plan Investment Board (CPPIB), has agreed to sell a portfolio of 90 aircraft to Macquarie Group Limited. The purchase price is $4 billion. The portfolio being sold comprises a fleet of 90 young, predominantly narrow-body aircraft. Dublin-based AWAS, one of the biggest aircraft lessors, is 75 percent owned by Terra Firma and 25 percent by CPPIB. Goldman Sachs and Deutsche Bank acted as financial advisors to AWAS.

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