RunTitle raises $8 mln

RunTitle said Friday it raised $8 million in Series A financing led by Founders Fund. Aubrey McClendon’s Deep Fork Capital, existing investor Austin Ventures, and several individuals also participated. Austin-based RunTitle is an oil and gas data startup.


Hellman & Friedman gets majority of Securitas Direct Verisure

Hellman & Friedman has acquired Bain Capital’s stake in Securitas Direct Verisure Group. Financial terms weren’t announced. The deal gives Hellman & Friedman a majority shareholder position. Malmö, Sweden-based Securitas Direct provides professionally monitored home alarm systems through its Securitas Direct and Verisure brands.


H.I.G. buys Universal Fiber Systems

H.I.G. Middle Market, the dedicated middle market affiliate of H.I.G. Capital, has acquired Universal Fiber Systems LLC. Financial terms weren’t announced. Bristol, Virginia-based Universal Fiber produces custom solution-dyed synthetic fibers for the flooring, transportation, performance apparel and industrial fibers industries.

Up and Down

Value of U.S. PE M&A soars, but volume plummets

The total disclosed value of U.S. announced private equity mergers skyrocketed more than 61 percent in third quarter, but the number of deals dropped about 20 percent, according to data from Thomson Reuters.

Grady named CEO of NEOgás

NEOgás named R. Paul Grady as its new CEO effective Oct. 1. Grady retired earlier this year from AmeriGas where he was COO. NEOgás, of Rio de Janeiro, provides natural gas logistics services to energy consumers without access to a natural gas pipeline. NEOgás is a portfolio company of the Global Environment Fund.

NGP Global Agribusiness commits $60 mln to Proximity Malt

Proximity Malt LLC said Friday it closed a $60 million funding commitment from NGP Global Agribusiness Partners, an affiliate of NGP Energy Capital Management. Milwaukee-based Proximity Malt provides locally sourced and produced base and specialty malts for the craft brewing industry.

AP Exhaust buys Eastern Catalytic

AP Exhaust Technologies LLC, a portfolio company of Audax Group, said it completed the acquisition of Eastern Catalytic. Financial terms weren’t announced. Langhorne, Pennsylvania-based Eastern Catalytic supplies direct fit, universal, and manifold catalytic converters for the automotive light duty aftermarket. Madison Capital provided financing. Angle Advisors advised Eastern.

Confie buys four insurance brokers

Confie, a portfolio company of ABRY Partners, said Friday that it has acquired four insurance brokers with locations in Alabama, Western New York, and Florida. They include: TS Insurance Group, Schmitt & Kraft, Dunlap & Bajak and All Florida Insurance Group. Financial terms weren’t announced.

Euroscreen raises $17.8 mln

Euroscreen said Friday it raised 16 million euros (US$17.8 million) in a series B funding round. SFPI-FPIM and Fund+ co-led the round. Existing shareholders including Vesalius Biocapital II Partners, SRIW SA, BNP Paribas Fortis Private Equity, as well as new comer as Capricorn Health-Tech Fund NV also participated. Euroscreen, a drug development company, is backed by Vesalius Biocapital, SFPI-FPIM, SRIW, Fund+ and BNP Paribas Fortis Private Equity.

Berry Plastics closes $2.45 bln buy of Avintiv

Berry Plastics Group Inc. said Thursday it closed its buy of Avintiv Inc. from the Blackstone Group for about $2.45 billion. Charlotte, North Carolina-based Avintiv develops, produces and markets specialty materials used in infection prevention, personal care, and high-performance solutions. Credit Suisse and Barclays advised Berry Plastics. Citi and BofA Merrill Lynch provided financial advice to Blackstone.

Alcentra Capital backs CM Equity’s Graco Supply buy

Alcentra Capital Corp. said Thursday it provided capital to support CM Equity Partners’ buy of Graco Supply and Integrated Services. Financial terms weren’t announced. Fort Worth, Texas-based Graco Suppy is a distributor of chemical products, packaging services, and related supply chain and vendor managed inventory services for the manufacture and maintenance, repair, and overhaul of commercial and military aircraft.

Levine Leichtman closes Caring Brands buy

Levine Leichtman Capital Partners said Thursday it closed its buy of Caring Brands International Inc. Financial terms weren’t announced. Sunrise, Florida-based Caring Brands is a franchisor of home healthcare services. Piper Jaffray & Co. and North Point Advisors advised Caring Brands.

Sterling exits Liqui-Box

The Sterling Group said Thursday it completed the sale of Liqui-Box to Olympus Partners. Financial terms weren’t announced. Richmond, Virginia-based Liqui-Box designs and supplies liquid packaging systems for the dairy, beverage, food, and wine industries. Sterling acquired the business from DuPont in 2011. PE HUB reported news of the sale last month. Harris Williams advised Liqui-Box/Sterling.


CCMP to buy control of Shoes For Crews

CCMP Capital Advisors LLC said Thursday it has agreed to buy a controlling stake in Shoes For Crews. Financial terms weren’t announced. The company’s founders, the Smith family, are rolling over a portion of their equity. West Palm Beach, Florida-based Shoes For Crews produces slip-resistant footwear.


Blackstone real estate Fund VIII closes at $15.8 bln

The Blackstone Group said Thursday that its latest global real estate fund closed at $15.8 billion. Blackstone Real Estate Partners VIII is already 20 percent committed. Blackstone currently has two regional opportunistic real estate funds, the $8.2 billion Blackstone Real Estate Partners Europe IV and the $5 billion Blackstone Real Estate Partners Asia.

Encycle Therapeutics raises $2.1 mln

Encycle Therapeutics Inc. said Wednesday it raised C$2.85 million (US$2.1 million) in financing led by Takeda Pharmaceutical Company Ltd. through its venture capital arm, Takeda Ventures Inc. Also participating were Accel-Rx Health Sciences Accelerator, BDC Capital and MaRS Investment Accelerator Fund. Encycle, a University of Toronto spin-off, is a drug discovery company.

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