Carlyle Group said July 28 that Allan M. Holt was named Chairman of US Buyout and Chairman of the Investment Committee for Carlyle’s US Buyout funds. Holt, a Managing Director, was previously co-head of the US Buyout team. Sandra J. Horbach, formerly Head of the Consumer & Retail team and an MD, is joining existing Co-head Peter J. Clare to lead Carlyle’s US Buyout business. Jay W. Sammons, a senior member of the Consumer & Retail team and an MD, succeeds Ms. Horbach.
Roberto Cavalli S.p.A. said July 28 that it named Gian Giacomo Ferraris as CEO of the company. He replaces Renato Semerari who left the CEO rule due “divergences on the company’s development strategy,” a statement said. Francesco Trapani has also resigned as Chairman of Robert Cavalli and will step down on Sept. 10. Clessidra, an Italian private equity firm, acquired Roberto Cavalli, an Italian fashion house, in April 2015.
Phosphorus said July 27 it raised $10 million in a Series A funding round led by FirstMark Capital. Company founders and several angel investors also participated. Alexander Bisignano and Santiago Munne launched Phosphorus following the sale of Recombine’s commercial assets to CooperSurgical in May in a deal valued at $85 million. New York-based Phosphorus is a computational genomics company.
Reltio said July 28 that it raised $22 million in Series B funding led by New Enterprise Associates. Existing investors, Crosslink Capital and .406 Ventures also participated. Redwood Shores, California-based Reltio is an enterprise data-driven applications and modern data management Platform as a Service (PaaS) company.
Carlyle Group is exiting Axalta Coating Systems Ltd. Carlyle is selling about 41.6 million shares of Axalta in a secondary offering. Following the transaction Carlyle will not beneficially own any of Axalta’s common shares, other than de minimis amounts held or owned from time to time in the ordinary course of business. Carlyle acquired Axalta, a former Dupont unit that makes liquid and powder coatings for the automotive and general transportation industries, in February 2013 for $4.9 billion, Reuters has reported. Axalta went public in November 2014.
Belcan LLC, a portfolio company of AE Industrial Partners LLC, has acquired Intercom Consulting & Federal Systems. Financial terms weren’t announced. Lansdowne, Virginia-based Intercom provides IT solutions such as cyber security, enterprise management, systems engineering and architecture, and network engineering for assets and operations of the U.S. Federal government.
J.F. Lehman & Company said July 26 that Glenn M. Shor had been promoted to Managing Director. David F. Thomas was also named Vice President while R. Benjamin (“Ben”) Hatcher was appointed a Senior Associate.
KCG Holdings Inc said July 27 that it agreed to buy Neonet Securities AB. Hay Tor Capital, KAS BANK and Cidron Delfi Intressenter Holding are the sellers. Financial terms weren’t disclosed. Stockholm-based Neonet is an agency broker and execution specialist. KCG was advised on the transaction by Advokatfirman Vinge KB and Sullivan & Cromwell LLP. NovitasFTCL acted as financial advisor while Advokatfirman Delphi the legal advisor to the shareholders of Neonet.
FogHorn Systems said July 27 that it raised $12 million in Series A funding led by March Capital and GE Ventures. Robert Bosch Venture Capital GmbH, Yokogawa Electric Corporation and Darling Ventures provided additional Series A funding. The company also converted an additional $2.5 million of initial seed capital provided by March Capital and The Hive. Mountain View, California-based FogHorn develops “edge intelligence” software for industrial and commercial Internet of Things (IoT) applications.
Main Capital has acquired a stake in OBI4wan and OBILytics. Financial terms weren’t announced. OBI4wan provides SaaS solutions for social media monitoring and webcare, while OBILytics focuses on social media analytics.
Partners Capital said July 26 that Richard Scarinci is joining the firm’s senior management team in September 2016 as a Partner. Scarinci previously worked at Blackstone Alternative Asset Management, where he was a Managing Director and a Co-Portfolio Manager within the Hedge Fund Solutions Group.
Platte River Equity said July 26 that it acquired CTS Engines. Financial terms weren’t announced. Company management also invested. Fort Lauderdale, Florida-based CTS Engines provides maintenance, repair and overhaul (“MRO”) services for established engine platforms, specializing in the overhaul of the General Electric CF6-80C2, CF6-80A and CF6-50 engines, as well as the Pratt & Whitney PW2000. Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River, while Houlihan Lokey served as debt placement agent. Annaly Middle Market Lending provided financing for the transaction. BlackArch Partners served as sell-side advisor to CTS.
Cressey & Company LP said July 26 that it promoted Dave Rogero to Partner, effective immediately. Rogero has been with the Cressey & Company team since 2008.
CellMax Life Inc said July 26 it raised $9 million in series A-1 venture funding led by venture capital firm Artiman. Also participating were several Taiwanese venture investors including Stan Shih, founder and chairman of Acer Inc. Sunnyvale, California-based CellMax is a precision cancer blood-testing company.
H.I.G. Capital has sold its portfolio company, Amerijet Holdings Inc, to ZS Fund LP. Financial terms weren’t announced. Miami-based Amerijet provides cargo and logistics solutions to the Caribbean and Latin America.
The Hartford has agreed to sell its U.K. property & casualty run-off subsidiaries, Downlands Liability Management Ltd and Hartford Financial Products International Limited, to Catalina Holdings UK Ltd. Financial terms weren’t announced. Catalina is backed by Apollo Global Management, Ontario Teachers’ Pension Plan and Caisse de depot et placement du Quebec. Barclays advised the Hartford while the company’s legal advisor is Freshfields Bruckhaus Deringer LLP, and PricewaterhouseCoopers LLP provided other advisory services.
Sun Basket said July it raised $15 million in Series B financing led by Accolade Partners. New investors Founders Circle and Shea Ventures participated as well as existing investors, including Paul Allen’s Vulcan Capital, PivotNorth Capital, Relevance Capital, Filter14, Baseline Ventures and other high profile investors. San Francisco-based Sun Basket is an organic meal kit provider that delivers organic, non-GMO ingredients and recipes weekly to customers.
Renovate Simply has closed its seed round. Financial terms weren’t disclosed. Digitech Venture Capital Fund Inc, Digitech Venture Capital Fund Inc and a number of angel investors took part in the round. Austin-based Renovate Simply is a website that connects homeowners to contractors.