Idinvest Partners said Feb. 13 that its second growth fund closed on 340 million euros ($383.2 million), surpassing its initial target of 300 million euros. Idinvest focuses on small and medium enterprises across Europe.
FTV Capital said Feb. 14 that it promoted Richard Liu to principal, while Adam Hallquist and Tyler Krueger were elevated to vice president.
Excellere Partners said Feb. 12 that it has invested in Sepro Corp. Financial terms weren’t announced. Sepro, of Carmel, Indiana, provides plant protection and plant management products and services that fit specialized market needs.
HealthDrive, a portfolio company of Bain Capital Double Impact, said Feb. 13 that it agreed to buy New England Geriatrics. Financial terms weren’t announced. New England Geriatrics provides mental health services to underserved geriatric populations in Massachusetts.
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The Institutional Limited Partners Association (ILPA), along with 35 members, sent a letter to the SEC urging the regulator to take action on reduced fiduciary duties in limited partnership agreements. ILPA wants the SEC to ensure that the fiduciary duties are meaningful in the private equity industry.
WisdomTree Investments Inc, one of the largest independent ETF managers, held sales talks with JPMorgan Chase last year, Bloomberg reported. The discussions ended in December when the partners couldn’t agree on a price, the story said. WisdomTree is no longer actively pursuing a sale.
H.I.G. Capital LLC said Feb. 12 that it invested in Digital Ware SA. Financial terms weren’t announced. Digital Ware, of Bogotá, Colombia, develops and sells ERP software, payroll human capital management solutions, as well as hospital information systems and business process management applications for business environments.
Investcorp said Feb. 12 that it acquired a portfolio of eight multifamily properties of 2,510 units for $330 million. The properties span the submarkets of five metro areas across the Southeast and Southwest regions: Raleigh, North Carolina; Atlanta, Georgia; Jacksonville, Florida; Phoenix, Arizona; and Dallas, Texas.
1 Priority Environmental Services LLC, a portfolio company of O2 Investment Partners, has acquired Earth Services & Abatement Inc. Financial terms weren’t announced. Earth Services provides environmental remediation and selective demolition services in the Rocky Mountain and Midwest regions.
Monroe Capital LLC said Feb. 12 that it provided funding to support Lovell Minnick Partners’s buy of ATTOM Data Solutions. The deal was announced in January.
Constitution Capital Partners said Feb. 12 that it launched a real estate unit. Constitution Capital Real Estate Partners is comprised of professionals previously employed by Lone Star Funds and its affiliates. Hugh J. Ward III, most recently senior managing director and co-head of real estate investments at Lone Star North America, is leading the unit.
Acacia Partners said Feb. 6 that it sold its investment in Perennials & Sutherland LLC. Bertram Capital is investing in the company. Financial terms weren’t announced. Perennials, of Dallas, designs and makes 100 percent solution-dyed acrylic performance fabric and rugs for indoor and outdoor use and luxury outdoor furniture. Piper Jaffray advised Perennials & Sutherland while McGuire Woods served as legal counsel.
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Carlyle Group is considering selling Addison Lee in a deal that could value the London taxi company at 800 million pounds ($1.03 billion), Financial News is reporting. Carlyle has retained Bank of America Merrill Lynch to run the process that will likely start later this year, the story said. Addison Lee has a fleet of roughly 5,000 cars in London and serves more than 10 million customers in that year alone, Financial News said.
Blackstone Group is investing $200 million in a hedge fund startup run by Michael Phelps, the former head of European credit at BlackRock, Bloomberg is reporting. Phelps’s Tresidor Investment Management is on course to become one of London’s biggest funds this year, the story said.
PIR Equities said Feb. 11 that its third flagship fund closed on 275 million euros ($312 million). PIR Equities, of Geneva, targets deals in sectors including wealth & asset management, energy, infrastructure and payments.
Francisco Partners said Feb. 11 that it acquired Qualcomm Life Inc from Qualcomm Inc. Financial term weren’t announced. Qualcomm Life will be renamed Capsule Technologies Inc and operate two business segments: Capsule, a medical device connectivity platform, and 2net, which provides wireless mobile device connectivity via cloud-based solutions.