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Woollatt joins Hamilton Lane

Hamilton Lane said April 16 that Mike Woollatt has joined the firm as a principal on the co-investment and fund investments team. Hamilton Lane has also opened an office in Toronto, which Woollatt will lead. Woollatt was most recently a director of strategic partnerships at OMERS.

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Bradley denies she caused Kainos “compensable harm”

It was Andrew Rosen, Kainos Capital’s managing partner, and not Sarah Bradley, who pushed the consumer-focused private equity firm to begin fundraising efforts “as soon as possible,” according to court documents filed April 15 in Delaware chancery state court. Discussions for Kainos Fund III began in late June and early July 2018, well before Bradley discovered that Kainos executives had allegedly fraudulently deprived her of her 25 percent stake in Kainos Manager, the filing said. Bradley, in her answer to Kainos’ counterclaim, denied that she caused any “compensable harm” to Kaino with her lawsuit and that any “economic or reputational injury” to Kainos was caused by the defendant’s own conduct, the filing said. Bradley, who is still listed on the Kainos site as a partner, claimed in a Jan. 25 lawsuit that Kainos cofounders perpetrated a fraudulent scheme to steal her 25 percent stake in the firm’s investment manager, Kainos Capital.

377 Views

Symplr closes IntelliSoft Group buy

Symplr said April 16 that it completed its buy of IntelliSoft Group. Financial terms weren’t announced. IntelliSoft, of Nashua, New Hampshire, provides medical credentialing, provider enrollment, and contract management software in combination with CVO services. Symplr is backed by Clearlake Capital Group and SkyKnight Capital.

417 Views

Clearlake seeks buyer for Perforce Software: Bloomberg

Clearlake Capital has put Perforce Software up for sale and the process could fetch about $2 billion, Bloomberg reported. Clearlake has hired an adviser for the transaction, the story said. Perforce produces about $165 million in EBITDA, Bloomberg said.

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PE HUB Wire Highlights, 4.15.19

Catalent to buy Paragon Bioservices Inc for $1.2 bln; LPs try to get used to rise of subscription lines of credit; Revelstoke’s Crossroads sale heads to first round

380 Views

Catalent to buy Paragon Bioservices for $1.2 bln

Catalent Inc said April 15 that it agreed to buy Paragon Bioservices Inc for $1.2 billion. The deal calls for Catalent to issue $650 million of convertible preferred stock to Leonard Green & Partners LP. Paragon Bioservices produces biopharmaceuticals and vaccines. Paragon investors include NewSpring Capital and Camden Partners.

317 Views

NMS-backed Omni Ophthalmic Management buys Ludwick Eye Center

Omni Ophthalmic Management Consultants, a portfolio company of NMS Capital, said April 15 that it acquired Ludwick Eye Center. Financial terms weren’t announced. Ludwick, of Chambersburg, Pennsylvania, is a regional provider of medical-surgical eye care services in Pennsylvania and Maryland.

189 Views

Gosk joins General Atlantic

Michael Gosk has joined General Atlantic as an operating partner. Gosk was previously vice president and chief tax officer at General Electric.

194 Views

TA Associates invests in Indira IVF

TA Associates said April 15 that it invested in Indira IVF. Financial terms weren’t announced. Indira IVF is network of in-vitro fertilization centers in India.

180 Views

Fugate to lead Signature Bank’s venture banking group

Signature Bank said April 15 that it formed a venture banking group to focus on serving venture capital firms and the portfolio companies in which they invest. Ken Fugate, a co-founder of Square, will lead the group. He is managing group director.

224 Views

Keller joins M/C Partners

M/C Partners said April 15 that Travis Keller joined the firm as a partner. He was previously a director at Vilandrie & Co.

ION Investment Group, Allegro Development, Vector Capital, Cerium Technology, industrial tech, oil and gas, utilities, private equity, merger, m&a
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Vector, Cerium to sell Allegro to ION

After failing in its bid to buy eFront, ION Investment Group is scooping up Allegro Development, four sources said. How much ION is paying is unclear. Vector Capital and Cerium Technology are the sellers. Barclay Capital advised on the Allegro sale, two of the sources said. The sale to ION has closed, the people said. […]

380 Views

MTY Food Group to buy Papa Murphy’s for $190 mln

MTY Food Group said April 11 that it agreed to buy Papa Murphy’s Holdings Inc for $6.45 a share or about $190 million. Papa Murphy’s is a franchisor and operator of the Take ‘n’ Bake pizza brand and one of the largest pizza chains in the United States, that sells fresh, hand-crafted pizzas ready for customers to bake at home. Lee Equity Partners LLC took Papa Murphy’s public in 2014.

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New Mountain net lease real estate fund raises $533 mln

New Mountain Capital LLC said April 11 that its first net lease real estate fund closed on $533 million of equity capital commitments, including $447 million of third-party limited partner commitments and approximately $86 million from the GP. The target of New Mountain Net Lease Partners LP was $300 million to $350 million.