This is a horizontal, color, royalty free stock photograph of leaf cutter ants working together in Cahuita National Park, Costa Rica, a  Central American travel destination. The small ants carry large pieces of green leaves across a tree branch. Depth of field is shallow. Photographed with a Nikon D800 DSLR camera.

Surge PE, an independent sponsor, closes first deal, Busy Bee

Millennials are launching their own firms, too! Surge Private Equity, founded over the summer by two 20-something executives, unveiled its first deal this week. On Nov. 21 Surge PE said it was buying Busy Bee Cleaning. Terms weren’t disclosed. The Dallas PE firm bought a majority of the commercial-janitorial-services provider, according to Tom Beauchamp, a Surge […]

Buildup raises $7 mln

Buildup said Nov. 22 that it raised $7 million in a Series A round. Investors include TLV Partners, UpWest Labs, 01Ventures, Abstract Ventures, as well as Check founders Guy Goldstein and Ahikam Kaufman. Buildup, of Palo Alto, California, provides a mobile collaboration and task management platform for construction jobsites.

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Leeds Equity invests in Fusion Education Group

Leeds Equity Partners LLC said Nov. 21 that it has invested in Fusion Education Group. Financial terms weren’t announced. Fusion Education, of Grand Rapids, Michigan, operates private middle and high schools that offer individualized education. Goodwin Procter provided legal advice to Leeds Equity Partners. William Blair served as adviser and K&L Gates served as legal counsel for Fusion.

Divergent 3D raises $65 mln

Divergent 3D said Nov. 21 that it raised $65 million in a Series B round led by O Luxe Holdings Ltd. Other investors include Horizons VenturesShanghai Alliance Investment Limited and Altran Technologies. The round includes an investor option to add $40 million. Divergent 3D is a technology development and licensing platform.

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IK Investment Partners to buy Studienkreis

IK Investment Partners has agreed to buy Studienkreis GmbH. Financial terms weren’t announced. Studienkreis, of Bochum, Germany, provides tutoring services to primary and secondary school students through a network of 1,000 learning centers.

Photo of businessman showing stop with hand courtesy of Murat Deniz/iStock/Getty Images
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New Mountain’s ACA is said to ditch strategic buyer, talk with PE

ACA Compliance Group, backed by New Mountain Capital, walked away from discussions with a strategic buyer, a source said. The strategic’s identity is unclear, but ACA terminated talks due to the party’s “internal challenges,” the source said. ACA is now in discussions with two private equity firms, the person said. The two PE firms are vying for […]

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KKR partners with Code First: Girls

KKR said Nov. 21 that it is partnering with Code First: Girls‘ 20:20 campaign, which aims to train 20,000 women to code for free by the end of 2020. KKR said it will provide a “significant yearly financial commitment” while also providing access to its global resources. Additionally, select female KKR employees, portfolio company employees or strategic partners can participate annually in Code First: Girls’ community coding courses.

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Surge Private Equity invests in Busy Bee Cleaning

Surge Private Equity LLC has invested in Busy Bee Cleaning Corp. Financial terms weren’t announced. Busy Bee, of New York, provides commercial janitorial services to local and national businesses. Harvest Capital Credit Corp provided financing.

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SK Capital closes Perrigo API buy

SK Capital said Nov. 21 that completed its buy of Perrigo Co plc’s active pharmaceutical ingredients business. The deal was announced in August. The API unit was renamed Wavelength Pharmaceuticals.

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Gen Cap America buys Bargain Barn Inc

Gen Cap America Inc said Nov. 21 that it has acquired The Bargain Barn Inc. Financial terms weren’t announced. Bargain Barn, of Athens, Tennessee, is a close-out grocery outlet operating as United Grocery Outlet and GO Grocery Outlet. The company has 37 retail locations across Tennessee, North Carolina, Georgia, Kentucky, and Alabama.

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Swainson joins Siris Capital

John Swainson has joined Siris Capital Group LLC as an executive partner. Swainson was most recently president of the Dell Software group.

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Ex-Treasury Secretary Lew to join Lindsay Goldberg: Wall Street Journal

Former Treasury Secretary Jacob Lew is joining Lindsay Goldberg LLC, the Wall Street Journal reported. Lew will be a partner at Lindsay Goldberg and plans to play an active role in helping run the middle market firm, the story said. Lew ran the Treasury department during President Barack Obama’s second term. Lew worked for two years at Citigroup Inc in between cabinet level stints in the Clinton and Obama administrations.

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CD&R in exclusive talks to buy 40 pct of Belron

Clayton, Dubilier & Rice is in exclusive talks to buy a 40 percent stake in Belron Group. The deal calls for D’Ieteren and management to retain a 60 percent ownership interest in the company. The transaction values Belron at 3 billion euros ($3.5 billion), which would drop to 1.55 billion euros after deducting debt and a 453 million euro dividend payment. Belron, of Cape Town, South Africa, provides vehicle glass repair and replacement.

FTC, First Data Corp, BluePay, merger, M&A, private equity

FTC clears First Data’s buy of BluePay

First Data received regulatory approval to buy BluePay Holdings Inc, a Nov. 14 notice on the Federal Trade Commission website shows. New Omaha Holdings LP is listed as buying BluePay, the FTC notice said. New Omaha is KKR’s investment vehicle for First Data. Early-termination notices appear on the FTC site after the regulator has conducted […]

SunTx Capital, Carolina Beverage, food, private equity, merger, M&A
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SunTx Capital seeks investor for Carolina Beverage

SunTx Capital Partners, which is out fundraising, is exploring options for Carolina Beverage Group, sources said. The Dallas middle-market firm is considering a “host of options” for Carolina Beverage, including a sale, a partial exit or taking on an equity partner, one of the sources said. SunTx has hired Cascadia Capital to advise on the […]

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Long Ridge Equity invests in Ametros Financial

Long Ridge Equity Partners has invested in Ametros Financial Corp. Financial terms weren’t announced. Clarion Capital Partners LLC will remain an investor. Ametros, of Wilmington, Massachusetts, provides post-settlement medical administration.

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Envision Healthcare attracts buyout interest: Bloomberg

Envision Healthcare Corp has attracted buyout interest from Carlyle Group and Onex Corp, according to Bloomberg. Onex has formed a consortium with Clayton Dubilier & Rice and Hellman & Friedman to bid for the company, while Carlyle is bidding alone, the story said. Envision, a health-services provider, has been under pressure from activist investor, Starboard Value.

LegalZoom, IVP, Polaris, KPCB, private equity, venture capital

LegalZoom to issue $249 mln dividend to shareholders including Permira, IVP, Polaris, KPCB

Permira is recouping some of its investment in LegalZoom more than three years after investing in the Glendale, California, provider of online legal services for small businesses, families and individuals. LegalZoom is issuing $440 million in loans to fund a $249 million dividend to shareholders and repay $178 million in debt, Moody’s reports. The transaction will push LegalZoom’s leverage to […]