128 Views

Platinum Equity to buy Worldwide Flight Services

LBO France said Monday it agreed to sell Worldwide Flight Services to Platinum Equity. Financial terms weren’t announced. Worldwide Flight provides ground handling and technical services at more than 140 major airports in more than 22 countries.

Care Hospitals Group adds another hospital in India

Care Hospitals Group said Monday it acquired a hospital with 250 beds in Hi Tech City, a suburb of Hyderabad, India. It did not disclose a name of the hospital. Care Hospitals Group, a multispecialty hospital chain in India, is backed by Advent International.

101 Views

Hague, ex-Centerplate CEO, launches Aegis

Des Hague, Centerplate’s former CEO and president, has launched Aegis LLC, which will make investments in startups and other business opportunities. Hague resigned last year from Centerplate after a videotape showed him kicking a dog in his care. Centerplate is a portfolio company of Olympus Partners.

163 Views

Ressler leads group to buy Atlanta Hawks

The Atlanta Hawks said Wednesday that Tony Ressler, an Ares Management co-founder, is leading a group to buy the NBA basketball franchise. The group includes NBA All-Star Grant Hill, Clayton Dubilier & Rice partner Rick Schnall, Spanx founder Sara Blakely and Marquis Jet co-founder Jesse Itzler. Financial terms weren’t announced although press reports valued the deal at $850 million. The sale does include operation of the Philips Arena but still needs approval by the NBA Board of Governors. Goldman, Sachs & Co. and Inner Circle Sports advised the sellers while Moelis & Co. advised the buyer.

101 Views

Simplilearn raises $15 mln

Simplilearn said Thursday it raised $15 million in Series C funding led by Mayfair. Existing investors Kalaari Capital and Helion Venture Partners also participated. San Francisco-based Simplilearn, a provider of certification courses to professionals, said it has raised $27 million in total capital.

196 Views

Swirl Networks raises $18 mln

Swirl Networks said Thursday it raised $18 million in equity financing from Hearst Ventures, SoftBank Capital, Twitter Ventures and other strategic investors. Longworth Venture Partners also participated in the round. Boston-based Swirl is a provider of a proximity-based indoor mobile marketing platform. Swirl said it has raised $32 million in total funding to date.

209 Views

Authentic Brands buys Jones New York: CORRECTED

Authentic Brands Group LLC said Thursday it acquired fashion brand Jones New York a portfolio company of from Sycamore Partners. Financial terms weren’t announced. Authentic Brands is owned by Leonard Green & Partners. Jones New York, which does $1 billion in retail sales, is a brand known for providing clothes for working women. CORRECTION: Authentic Brands is buying the Jones New York brand and not the portfolio company from Sycamore. Jones New York is winding down operations this year and shutting its retail locations, a spokesman said. The story has been corrected.

Infinio names Skelley VP of global channel

Infinio said Wednesday that Bob Skelley was named VP of global channel and will manage all channel and partner relationships for Infinio globally. Skelley previously served as Dell’s executive director of North American channel sales. Infinio investors include Bessemer Venture Partners, Highland Capital Partners, Lightspeed Venture Partners and Osage University Partners.

218 Views

ShockDoctor buys McDavid

ShockDoctor, a portfolio company of Bregal Partners, has closed its merge with McDavid. Financial terms weren’t announced. Chicago-based McDavid makes, designs and markets sports medicine, sports protection and performance apparel for active people and athletes. William Blair & Co. advised ShockDoctor while Imperial Capital advised McDavid.

104 Views

Antin Infrastructure to buy BP’s stake in Central Area Transmission System

Antin Infrastructure Partners said Thursday it is increasing its stake in Central Area Transmission System. Antin Infrastructure is buying BP’s 36.22 percent share of CATS and will own 99 percent of the business. Financial terms weren’t announced. Antin Infrastructure previously acquired 62.78 percent in July. The CATS system transports gas through 404km of pipeline between the Central North Sea area and Teesside in the UK.

NXT in $88 mln loan for Trinity Hunt buy of America’s Auto Auction

NXT Capital said Thursday that it provided an $88 million loan to support Trinity Hunt Partners’ buy of America’s Auto Auction Inc. NXT Capital said it acted as Joint Lead Arranger, Administrative Agent and Joint Bookrunner for the transaction. Dallas-based America’s Auto provides pre-owned car auctions.

ConXtech raises $25 mln

ConXtech Inc. said Thursday it raised $25 million in Series D funding led by Saudi Aramco Energy Ventures and a venture fund associated with the George Kaiser Family Foundation. Pleasanton, California-based ConXtech is a construction technology company.

111 Views

Presidio Partners restructures CMEA funds

Presidio Partners, the former CMEA Capital, said Tuesday that it restructured CMEA legacy funds IV, V and VI, with additional follow-on capital. The firm renamed the pool Presidio Partners 2014, a $142 million fund that manages 17 companies. CMEA VII fund has also been renamed Presidio Partners 2007, a $400 million fund with 19 companies. Presidio also said it promoted Peter Gajdos to the role of Managing Director and appointed Lee Pantuso to CFO.

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