Levine Leichtman debut European fund raises $109.5 mln

Levine Leichtman Capital Partners said late Tuesday that closed its by of CJ Fallon Ltd. Dublin-based CJ Fallon provides education content in both print and digital formats to primary and secondary schools. At the same time, Levine Leichtman said the deal represents the firm’s first investment from Levine Leichtman Capital Partners Europe LP. The pool closed at 100 million Euros (US$109.5 mln) and will invest in Europe.


Baird Capital buys Clearwater Group

Baird Capital said Tuesday that its U.K. private equity group has acquired a majority stake in Clearwater Group. Financial terms weren’t announced. Clearwater, of Camberley, Surrey, provides water treatment, hygiene, engineering and pump services to customers across the U.K.


Carlyle inks buy of Conifer Financial

The Carlyle Group said Tuesday it has agreed to buy a majority stake of Conifer Financial Services LLC. Financial terms weren’t announced. Capital for Carlyle’s investment will come from Carlyle Global Financial Services Partners II LP. Conifer is an asset services firm and has more than $100 billion of combined assets under administration. Macquarie Capital and Freeman & Co. served as financial advisors to Conifer. Duff & Phelps Securities LLC advised Carlyle.


JMI Equity invests $32 mln in Rsam

Rsam said Tuesday it completed a $32 million strategic growth investment from JMI Equity. Secaucus, New Jersey-based Rsam provides Governance, Risk, and Compliance solutions. Signal Hill acted as financial advisor to Rsam.

AxleTech names Gryzenia CEO

AxleTech International said Tuesday that Bill Gryzenia was named CEO effective today. Gryzenia was previously VP and General Manager of Dana Holding Corp.’s on-highway and off-highway aftermarket business. The Carlyle Group acquired AxleTech, an engineering and manufacturing company for off-highway and specialty vehicle drivetrain systems and components, in January.

Rigontec GmbH raises $5.3 mln in Series A

Rigontec GmbH said Tuesday it raised 4.8 million Euros (about US$5.3 mln) in a second closing of a series A round from Forbion Capital Partners and Sunstone Capital. Rigontec said total Series A funding was 14.25 million Euros (US$15.7 mln). Bonn, Germany-based Rigontech is a biopharmaceutical company developing RNA-based immunotherapeutics for the treatment of cancer and viral diseases.

Bryan named CEO of Schramm Inc.

GenNx360 Capital Partners L.P. said Monday that it promoted Bobby Bryan to CEO of Schramm Inc., a portfolio company. Bryan was formerly acting CEO. Schramm makes and supplies mobile, top-head hydraulic rotary drilling rigs focusing on land-based applications in the mining, energy, geothermal and water sectors.


American Securities recaps Aspen Dental

American Securities has recapitalized Aspen Dental. Leonard Green & Partners is the seller. Financial terms weren’t announced. Green acquired Aspen Dental in 2010. Aspen provides non-clinical business support services to dental practices in approximately 30 states.

Leonard named CEO Of Universal Hospital Services

Universal Hospital Services Inc. said Monday that Thomas J. Leonard was named CEO and a member of the board effective April 13. Leonard most recently served as the President of Medical Systems for CareFusion Corp. Universal Hospital is a portfolio company of Irving Place Capital.

OpenGate closes Kotkamills Oy sale

OpenGate Capital said Tuesday it completed the sale of Kotkamills Oy to MB Funds. Financial terms weren’t announced. Kotkamills, of Kotka, Finland, makes specialty papers and wood-based products.

Gardner joins Weil Gotshal

Tim Gardner has joined Weil, Gotshal & Manges LLP’s Hong Kong office as a partner. Gardner, 46, joins Weil from the Hong Kong office of Latham & Watkins LLP, where he was a partner.


Carlyle promotes two MDs

The Carlyle Group said Monday that Brian Bernasek, an MD, was named Head of the Global Industrial and Transportation team. Bernasek succeeds Greg Ledford, who will continue as a Carlyle MD on the U.S. Buyout team. Carlyle also said that Stephen Wise, an MD, is joining Karen Bechtel, an MD, as Co-Head of the Global Healthcare team.

Corsa Technology raises $16.5 mln B round

Corsa Technology said Friday it raised $16.5 million Series B round led by Roadmap Capital. Previous investors including Celtic House Venture Partners, BDC Capital and a strategic technology company also participated. Ottawa-based Corsa Technology provides programmable SDN switching technology.


John Deere Lanscapes buys Shemin Landscape Supply

Centre Lane Partners has sold Shemin Landscape Supply to John Deere Landscapes, a portfolio company of Clayton, Dubilier & Rice. Financial terms weren’t discussed. Danbury, Connecticut-based Shemin Landscape is a distributor and wholesaler of horticultural and landscape products to landscape professionals. Lincoln International advised Centre Lane and Shemin.


Tenet Healthcare to buy USPI and Aspen Healthcare from Welsh, Carson

Tenet Healthcare Corp. is buying United Surgical Partners International, a portfolio company of Welsh, Carson, Anderson & Stowe, in a joint venture. Terms of the deal, call for Tenet to initially own 50.1 percent. Over the next five years, Tenet will have a path to full ownership through a put/call structure. Tenet said is paying $425 million cash to Welsh Carson and other existing shareholders. In a separate transaction, Tenet is buying Aspen Healthcare from Welsh Carson for approximately $215 million in cash. Aspen Healthcare will not be included in the new joint venture. Welsh Carson acquired Dallas-based USPI, a provider of a short-stay surgical facilities, in 2007. Aspen Healthcare Ltd., of London, operates nine private hospitals and clinics in the United Kingdom.

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