Twin Bridge Capital said March 29 that Matt Klinger has joined the firm as a principal. He was previously a senior vice president at iCapital Network.
Morsco Inc, an Advent International portfolio company, said March 28 that it has promoted Mike Swedick to president of the company’s plumbing division.
Lidya, an online lender based in Nigeria, said March 29 that it raised a $1.25 million seed funding round led by Accion Venture Lab. Newid Capital and several angel investors also participated in the round.
Blackford Capital has acquired Snowhite Textile & Furnishing Inc. Financial terms weren’t announced. Snowhite, of Addison, Illinois, provides design, procurement, and project management for furniture, fixtures, and equipment to the hospitality industry. Aleutian Capital Group advised Snowhite.
Great Hill Partners said March 29 that it has sold Legacy.com to Pamplona Capital. Financial terms weren’t announced. Legacy.com, of Evanston, Illinois, provides obituary-related products and services to more than 1,500 newspapers and 3,500 funeral homes in the U.S., Canada, Australia, New Zealand, U.K., and Europe. Moelis & Company LLC provided financial advice to Legacy.com.
Nippon Shokubai is buying Sirrus Inc, which is backed by Braemar Energy Ventures. Financial terms weren’t announced. Sirrus, of Loveland, Ohio, develops electron deficient monomers and derivatives.
Strauss Coffee BV, a subsidiary of Strauss Group Ltd, has acquired the 25.1 percent stake held by TPG Capital for 257 million euros ($279 million). Strauss Group said it has regained full ownership of Strauss Coffee.
Sofinnova Partners said March 27 that it appointed Antoine Papiernik as its chairman. Papiernik succeeds Denis Lucquin who remains a managing partner.
Andrew Freeman has joined H.I.G. Middle Market, the middle market affiliate of H.I.G. Capital, as a managing director. Freeman is a former partner at Paine & Partners.
Sealed Air Corp said March 27 that it agreed to sell its Diversey Care division and the food hygiene and cleaning business within its Food Care division to Bain Capital Private Equity. The deal is valued at about $3.2 billion. The combined company, called New Diversey, will be a hygiene and cleaning solutions company that will employ approximately 8,600 people globally.
Evo Payments International, which is backed by Madison Dearborn Partners, is up for sale, Bloomberg is reporting. Evo is working with Deutsche Bank AG and JPMorgan Chase & Co to explore strategic options, which could include an IPO and a sale, the story said. The process has drawn interest from Vantiv Inc, Bloomberg said. A sale could value the company at $2 billion, the story said.
Genstar Capital said March 27 that its latest flagship fund closed on $3.95 billion of capital. The final close of Genstar Capital Partners VIII included $3.1 billion of limited partner capital commitments and $650 million of overage capacity from select LPs. Another $200 million came from the GP and affiliated entities. Evercore Partners served as placement agent for the fund, while Weil, Gotshal & Manges LLP provided legal advice.
Trusted Health Plan Inc, which is backed by Juggernaut Capital, has closed its buy of Harbor Health Plan Inc. Tenet Healthcare was the seller. The deal was valued at $16 million, according to press reports.
Aviva Ventures, the venture capital arm of Aviva plc, has invested in Owlstone Medical Ltd. Financial terms weren’t announced. Owlstone Medical, of Cambridge, England, is a diagnostics company developing a breathalyzer for disease.
Pricoa Capital Group, the private debt and risk capital investment arm of PGIM Inc, has invested in 118 Group Ltd. Financial terms weren’t announced. Cofounders Paul Spinks and Patrick Bradshaw will retain stakes in the company. 118 Group, of the U.K., updates and maintains a database of almost two million UK business records. Pricoa’s investment is comprised of senior debt, a senior accordion, subordinated notes and preferred equity. Pricoa Capital is the investment management business of Prudential Financial Inc.
Oak Hill Capital Partners said March 23 that it agreed to buy Checkers Drive-In Restaurants Inc for about $525 million. Sentinel Capital Partners was the seller. Checkers, which operates under the Checkers and Rally’s banners, is a leading operator and franchisor of drive-thru hamburger quick-service restaurants. Piper Jaffray and North Point Advisors acted as financial advisors to Checkers in the transaction. Kirkland & Ellis LLP is serving as legal counsel to the Checkers. Jefferies LLC acted as financial advisor to Oak Hill in the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Oak Hill.
Oak Hill Capital Partners is buying Checkers Drive-In Restaurants for $525 million in a deal that is expected to be announced Thursday, the Wall Street Journal reported. Tampa, Fla.-based Checkers, which had about $830 million in system wide sales last year, has been owned by Sentinel Capital Partners since 2014, the WSJ said. Sentinel put Checkers up for sale in January; Piper Jaffray Cos advised on the auction, according to press reports.
WNS has acquired HealthHelp, a portfolio company of MTS Health Investors, for $95 million. HealthHelp, of Houston, provides specialty benefits management. Cain Brothers provided financial advice to WNS.