Gro Solutions said March 20 that it raised $4.25 million in funding led by TTV Capital. Also participating were BIP Capital, C&B Capital and BLH Venture Partners. Gro, of Atlanta, provides digital growth solutions for banks and credit unions.
H.I.G. Capital said March 20 that Daniel Nader has joined as a Principal of the H.I.G. Latin America team. Prior to H.I.G., Nader was a partner of GP Investments Real Estate.
H.I.G. Capital LLC said March 21 that it sold a portfolio of 26 light industrial multi-let properties with a total size of 264,000 sqm to Blackstone. Financial terms were not disclosed. H.I.G. said it bought the portfolio in 3 tranches in 2013 and 2014, which consisted mainly of multi-let industrial assets in the Netherlands.
Lightpost Digital said March 20 that raised a new round of funding from Canal Partners and DWP Investments. Financial terms weren’t announced. Lightpost, of San Diego, provies online marketing solutions.
Cision, a GTCR portfolio company, is merging with Capitol Acquisition Corp. III, a blank check company from Mark Ein. Cision will own 68 percent of the combined company once the deal closes, while Capital will own 32 percent. Cision, a public relations software provider, will become publicly listed with the deal and have an initial enterprise value of about $2.4 billion. Citigroup Global Markets Inc, Deutsche Bank Securities Inc and Credit Suisse served as financial and capital markets advisors to Capitol. PJT Partners served as financial advisor to Cision. Latham & Watkins LLP and Graubard Miller acted as legal advisors to Capitol while Kirkland & Ellis LLP acted as legal advisor to Cision.
Advicenne said March 20 that it closed a 16 million euro ($17.2 million) financing round led by IRDI SORIDEC Gestion, Cemag Invest and MI Care. Also participating were existing investors InnoBio (Bpifrance) and IXO Private Equity together with private individuals. Advicenne, of Nimes, France, a late-stage biopharmaceutical company focused on the development of paediatric friendly therapeutics for the treatment of orphan renal and neurological diseases.
CreditEase Fintech Investment Fund said March 16 that it has invested in the Series C financing round of Trumid, Series B financing round of WeConvene and the Seed financing round of WorldCover. Financial terms were not announced. CreditEase Fintech is a venture fund that invests in growth-stage fintech companies in China and globally.
1-800-FLOWERS.COM Inc said March 15 it has agreed to sell all the outstanding equity of Fannie May Confections Brands Inc to Ferrero International SA for $115 million. The transaction is expected to close on May 30. The deal includes Fannie May Confections Inc and Harry London Candies Inc as well as all related assets and liabilities including, but not limited to, Fannie May’s ecommerce business,79 retail stores located primarily in and around Chicago, a manufacturing facility in North Canton, Ohio and two temperature-controlled warehouse and distribution facilities, located in Maple Heights, Ohio and Chicago, respectively.
Flow has raised a $13 million Series A investment from Bain Capital Ventures. Flow, of Hoboken, New Jersey, provides a software platform that lets retailers and brands sell products internationally.
Denit, a portfolio company of Main Capital, is acquiring Dutch Cloud. Financial terms weren’t announced. Denit, of Amsterdam, is a managed cloud services provider. Dutch Cloud, of the Netherlands, is a cloud solutions provider focused on large corporates and SaaS companies.
Baird Capital said March 14 that John DiGiovanni, Alex Kessel and Tom Smith were promoted to principal from vice president, while Michael Holgate was promoted to investment director from investment manager.
Selecta Group BV, a portfolio company of KKR, has agreed to buy Pelican Rouge Group BV. Financial terms weren’t announced. Pelican Rouge is a leading European coffee services providers with a strong focus on office coffee services and hotels, restaurants and cafes. Selecta is a European vending and coffee services provider.
TA Associates said March 14 that it completed an investment in Ideal Cures Private Ltd. Financial terms weren’t announced. Ideal Cure, of Mumbai, makes and exports pharmaceutical excipients and ready-to-use coating systems for solid oral dosage forms. K Law served as legal counsel to Ideal Cures, while DSK Legal served as legal counsel to TA Associates. TA Associates Advisory Private Ltd provided advisory services on the investment.
HMS Holdings Corp said March 13 that it has agreed to buy Eliza Corp for $170 million. Parthenon Capital Partners is the seller. Eliza, of Danvers, Massachusetts, is a health engagement management and member analytics firm. FT Partners and William Blair provided financial advice to Eliza. Kirkland & Ellis LLP was their attorney. Citi advised HMS. News of the sale was reported by Buyouts last month.
The Carlyle Group said March 13 that Ben Schryber joined the firm last week as Managing Director, based in New York. Schryber will lead credit sales and business development efforts globally at Carlyle. He will report to Mark Jenkins, head of Global Credit and Mike Arpey, Head of Investor Relations. Schryber was most recently Global Head of Credit at First Avenue Partners.
President Donald Trump has nominated Scott Gottlieb, a partner at New Enterprise Associates Inc, to serve as Commissioner of the U.S. Food and Drug Administration. Gottlieb, a physician, most recently served as the FDA’s Deputy Commissioner for Medical and Scientific Affairs.
Dental Services Group’s board said March 10 that CEO Kirby G. “Buddy” Pickle has retired after eight years. Matt Morgan, current chief operations officer, is taking Pickle’s place as CEO. Dental Services, a network of dental laboratories based in North America, is a portfolio company of Cressey & Company.
NCR Corp said March 13 that it has agreed to let Blackstone sell 49 percent of its holding, or about 14.4 million shares, as part of an early release of its lock-up period for its perpetual convertible preferred shares which is set to expire in early June. Blackstone will convert 90,000 of its convertible preferred shares into about 3 million shares of common stock, and NCR will buy those shares back. Blackstone said that after the deal it would continue to own its original investment amount at over $720 million. In November 2015, Blackstone invested $820 million in NCR for a 17 percent stake, according to press reports.