The Halifax Group said Oct. 18 that its most recent fund closed at its $650 million hard cap. The target of Halifax Capital Partners IV LP was $550 million. Halifax said that about 90 percent of Fund IV’s LPs were prior investors, and nearly 75 percent increased the size of their commitments.
Prescient said Oct. 17 that Sunil Ghatnekar was named CFO. Ghatnekar is a longtime executive with The Coca-Cola Co.
EQT is buying Clinical Innovations for about $250 million, the Wall Street Journal is reporting. The Pritzker Group is the seller, the story said. Clinical Innovations, of Salt Lake City, makes suctions and other devices used during women’s labor and the delivery of babies.
Lovell Minnick Partners said Oct. 18 that it has agreed to buy Tortoise Investments. Financial terms weren’t announced. Management and employees will retain a stake. Sellers include Mariner Holdings and retiring Tortoise co-founders. Tortoise, of Leawood, Kansas, is an energy investment manager. UBS and Credit Suisse are providing debt financing.
Cascadia Capital said Oct. 17 that it hired Firdaus Pohowalla as a managing director and head of its middle market industry coverage. Pohowalla was previously a managing director at Barclays, where he co-led the restructuring and finance group.
Spectrum Equity said Oct. 18 that it its latest flagship fund closed on its $1.25 billion hard cap. Spectrum Equity VIII L.P raised an additional $125 million for a Discretionary Overage Program, which allows the growth equity firm to pursue larger deals or follow on investments opportunistically. Spectrum also said it promoted Adam Margolin to managing director and Leah Palmer to general counsel.
Charity Checkout has raised $1 million in funding led by Chris Hulatt and Simon Rogerson, founders of Octopus Group. The round also included four existing investors. Charity Checkout, of the U.K., is an online fundraising platform.
Blackstone Group said Oct. 16 that it closed its buy of Harvest Fund Advisors LLC. In August, Blackstone said it would buy Harvest, an energy money management firm. Financial terms weren’t announced.
HCAP Partners said Oct. 17 that it has exited Protect Plus Air Holdings LLC (PPAH). Financial terms weren’t announced. PPAH makes and distributes residential filters used in air conditioners and heating units. In September, HKW said it had recapitalized PPAH.
CIP Capital has invested in Wilson Human Capital Group Inc. Financial terms weren’t announced. Wilson Human Capital, of Tampa, Florida, is a staffing recruitment firm.
Summit Partners has acquired a majority stake in Harvey Performance Co. Financial terms weren’t announced. Harvey Performance, of Rowley, Massachusetts, provides products and services to increase productivity for customers in the manufacturing and metalworking industries. Piper Jaffray provided financial advice to Harvey, while Kirkland & Ellis and Ernst & Young LLP advised Summit.
SFW Capital Partners said Oct. 17 that it has invested in DZone Inc. Financial terms weren’t announced. DZone, of Cary, North Carolina, operates DZone Media and AnswerHub. DZone provides a platform for software developer focused technical content, as well as knowledge and community management solutions for technology organizations.
Culver Franchising System Inc said Oct. 16 that it agreed to sell a minority stake to Roark Capital Group. Financial terms weren’t announced. Culver Franchising is a fast casual restaurant chain. Robert W. Baird & Co. Inc provided financial advice to Culver’s while Foley & Lardner LLP served as legal counsel.
3i Group Plc has acquired Smarte Carte International Holdings Inc, the Wall Street Journal reported. The PE firm paid $385 million, including debt, for the company, which provides luggage carts, lockers and massage chairs, the story said. Management will also retain a stake, the WSJ said.
Draper Esprit said Oct. 16 that it will seek to invest up to 75 million pounds ($100 million) in top seed funds across Europe over a five-year period. The VC firm has already committed to invest in the funds of Seedcamp and Episode1 Ventures.
Staples Solutions BV said Oct. 16 that Dolph Westerbos was named CEO effective Nov. 1. Westerbos was previously CEO of Westcon Group. In February, Cerberus Capital Management completed its buy of Staples’ European operations.
Two Chinese investors, vying for a piece of the Chicago Stock Exchange, withdrew in the past two weeks, after the U.S. Securities and Exchange Commission sought more details from the participants about their bid, the Wall Street Journal reported.
Bryan Taylor, a top tech dealmaker at TPG, is exiting the buyout shop, Bloomberg is reporting. Taylor, who led investments in software, data analytics and technology services, is leaving TPG before the firm starts its next PE fund in 2018, the story said. Taylor, a partner, joined TPG in March 2004.