SAIC Technologies leads investment round for SDCmaterials

SAIC Technologies Fund I LLC, the venture capital investment arm of SAIC Motor Corp., has led an investment round for SDCmaterials Inc. Financial terms weren’t announced. Existing investors, including General Motors Ventures, BASF Venture Capital, Volvo Group Venture Capital, Invus Financial Advisors and Emerald Technology Ventures, also participated. Tempe, Arizona-based SDCmaterials develops and commercializes high value advanced catalyst materials.

Ireland Strategic Investment Fund and KKR launch Activate Capital

The Ireland Strategic Investment Fund along with KKR Credit have launched a 500 million Euro(US$551.6 mln) joint venture. The ISIF is contributing €325 million Euros (US$358.6 mln) towards the joint venture while KKR is providing the remaining 175 million Euros (US$193.1 mln). The J.V., called Activate Capital, will focus exclusively on lending to Irish residential development projects. Robert Gallagher, a KKR Director, will be CEO of Activate while Dan O’Connor will be chairman. O’Connor is the former President and Chief Executive Officer of GE Consumer Finance – Europe.

LaSalle joins Point B

Point B Inc. said Tuesday it has named Peter LaSalle VP of Business Development. LaSalle has previously worked at Oracle and PeopleSoft.

Deliveroo raises $70 mln

Deliveroo said Tuesday it raised $70 million in a Series C round led by Greenoaks Capital and Index Ventures. Existing investors Accel and Hoxton Ventures also participated. London-based Deliveroo is on-demand delivery service for high-quality restaurant meals.

Cyprium Partners invests in Weaber Inc.

Cyprium Partners said Monday it made a preferred equity and subordinated debt investment in Weaber Inc. Cyprium’s minority investment supports the acquisition of Weaber by its President and CEO Matthew Weaber. Financial terms weren’t announced. Lebanon, Pennsylvania-based Weaber provides finished hardwood lumber products.

Peacock Engineering closes L&L Foods buy

Peacock Engineering Co., a portfolio company of Charlesbank Capital Partners, said Monday it completed its buy of L&L Foods. CIC Partners was the seller Financial terms weren’t announced. Anaheim, California-based L&L provides high-volume, single-serve/portion-control packages of food products.

Community Intervention Services buys Futures Behavior Therapy Center

Community Intervention Services Inc., a portfolio company of H.I.G. Growth Partners, has acquired Futures Behavior Therapy Center LLC. Financial terms weren’t announced. Beverly, Massachusetts-based Futures provides treatment and education services for children with ASDs and other developmental disabilities.

Blackstone names Chae its CFO

The Blackstone Group said in a July 24 SEC filing that Michael Chae was named CFO. He will replace Laurence Tosi, who has reportedly joined Airbnb Inc. Chae, at Blackstone, has headed media and telecom and international activities in Private Equity and was Head of Asia for the firm. Additionally, Blackstone said it promoted Joan Solotar to Head of Multi-Asset Investing and External Relations.


Envision Ventures raises $100 mln VC evergreen fund

Envision Ventures said Monday it closed a $100 million venture capital evergreen fund formed in partnership with Managing Partner Dan Ahn. Mountain View, California-based Envision will invest in software companies in Big Data, Security and Internet of Things. Investments will range between a few hundred thousand dollars up to $10 million.

MidOcean to exit Noranco

MidOcean Partners said Monday that it has agreed to sell Noranco Inc. to Precision Castparts Corp. PSP Investments is also a seller. The deal is valued at $560 million, Precision Castparts said in a separate statement. Noranco supplies complex machined and fabricated components for aero-engine, landing gear and airframe applications. Lazard advised Noranco.

Interactive Data files to go public

Interactive Data Holdings Corp. has filed confidentially with the SEC for a possible IPO. New York-based Interactive Data did not disclose the number of shares it would offer or their price range; that will likeoy come in future filings. Interactive Data, a financial data provider, is owned by Silver Lake Group LLC and Warburg Pincus LLC. The company said it plans to use proceeds from the proposed IPO to reduce debt and for other general corporate purposes.


North Castle Partners invests in SmartyPants Vitamins

North Castle Partners said Monday it made a growth investment in SmartyPants Vitamins. Financial terms weren’t announced. CircleUp Growth Fund is coinvesting in the deal. SmartyPants develops, markets and distributes gummy vitamins and supplements for kids and adults.

Mediterrania Capital Fund II raises $132.9 mln

Mediterrania Capital Partners said Monday that its second growth fund for North Africa closed at its target of 120 million Euros (US$132.9 mln). Mediterrania Capital II will seek growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia, with potential expansion into Africa Sub-Saharan countries. Fund II will invests in small and mid-market companies with an equity value in the €25 million to €400 million range.

leon nanodrugs raises $20.2 mln

Leon nanodrugs GmbH said Monday it closed a Series A round of preferred stock at 18.5 million Euros (US$20.2 mln) led by TVM Capital Life Science. Signet Healthcare Partners (USA), LifeCare Partners (Switzerland), CD-Venture (Germany), Albany Private Equity Holding (Australia), and a non-disclosed Family Office from Germany also participated. Munich-based leon nanodrugs is a nanotechnology-based drug development company. The company said another 3 million Euros investment is expected later this year.

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