Hendrik Struik has re-joined Frazier Healthcare Partners as an Operating Partner on the Growth Buyout team. Struik is the former Chief Executive Officer of Laboratory Supply Company, a Frazier portfolio company. He rejoined Frazier after McKesson Corp acquired LABSCO in May.
Thomas Emmons has joined Pegasus Capital Advisors LP where he will focus on mezzanine capital in the renewable energy and clean infrastructure sectors. Emmons was previously at Rabobank and HSH Nordbank.
Perimeter Healthcare, a portfolio company of Ridgemont Equity Partners, has acquired WoodRidge Behavioral Care. Financial terms weren’t announced. The deal includes WoodRidge’s five psychiatric residential treatment facilities and three acute hospital programs serving adolescent and geriatric patients from locations in Tennessee, Arkansas and Missouri. Financing was provided by BMO Sponsor Finance and Pinnacle Bank. McGuireWoods LLP served as legal counsel to Ridgemont. Harpeth Capital and Bone McAllester Norton PLLC served as financial advisor and legal counsel to WoodRidge.
Morsco Inc, a portfolio company of Advent International, is buying Fortiline Waterworks. CHS Capital LLC is the seller. Advent will make a new “significant” equity investment to support the deal. Fortiline, of Concord, North Carolina, is a wholesale distributor of underground water, sewer and storm utility products in the United States.
TCC Global said Sept. 15 that it has acquired Summit. Financial terms weren’t announced. Rcapital was a seller. Summit, of London, is an online retailing specialist. Livingstone advised Summit.
MidOcean Partners and Wasserstein & Co said Sept. 15 that they have agreed to sell Penton to Informa plc for $1.56 billion. The deal includes $1.46 billion of cash (plus adjustments) and $100 million of Informa stock. New York-based Penton is a professional information services company. Kirkland & Ellis LLP served as legal advisor to Penton and MidOcean. Jones Day served as legal advisor to Wasserstein.
Hera Capital and DSG Consumer Partners have invested $5 million Singapore dollars ($3.67 million) in SaladStop! for a minority stake. Singapore-based SaladStop! offers salads, wraps, grain bowls and more.
TA Associates said Sept. 14 that it has agreed to back a management buyout of Goldman Sachs Asset Management’s Australian asset management arm. Financial terms weren’t announced. TA Associates said it is partnering with the Company’s senior management team. Dion Hershan will be Managing Director of the new standalone entity and continue to lead the Australian Equities investment team, while Katie Hudson will co-lead the Australian Equities team and Roy Keenan who will be Fixed Income Portfolio Manager.
GTCR is exploring a sale of its portfolio company, Camp Systems, Bloomberg reported Sept. 12. GTCR is working with UBS to look at options for the company, the story said. Camp Systems, of Merrimack, New Hampshire, provides aircraft-maintenance tracking software; a sale could be valued at as much as $2 billion.
Point has raised $8.4 million in Series A funding led by Andreessen Horowitz. Other investors include Ribbit Capital and Bloomberg Beta, as well as individual angel investors such as Orogen Group CEO Vikram S. Pandit, Airbnb CFO Laurence Tosi, LendingHome founder/CEO Matt Humphrey and Invitation Home’s co-founder Brad Greiwe. Point, of Palo Alto, California, is a financial technology platform that lets homeowners sell a stake of their home to investors in exchange for a lump sum of capital.
Nautic Partners LLC has acquired Vantage Mobility International. Financial terms weren’t announced. Phoenix-based Vantage Mobility makes wheelchair accessible vehicles, which it sells at mobility dealers across the United States and Canada. Kayne Anderson, Triangle Capital, Goldman Sachs, City National Bank and Amalgamated Bank provided financing. Ally Financial provided a new floorplan facility to support VMI’s chassis acquisitions. Lincoln International acted as financial advisor to the Company.
Platte River Equity said Sept. 13 that it hired three professionals. James “J.B.” Moore has joined as a vice president, while Tarun Kanthety and Brian Hopkin joined as new associates.
Rich Flynn is joining Tyton Partners’s senior leadership team as a Managing Director in the firm’s investment banking practice. Flynn previously was an executive with Apollo Education Group, where he served as President of Apollo Education Ventures and Head of U.S. Corporate Development.
Quantum Strategic Partners Ltd has invested $305 million in SolarCity Corp. Quantum Strategic, a private investment fund, is managed by Soros Fund Management LLC. San Mateo-based SolarCity provides energy services. The deal also included a fully amortizing, 18-year loan.
Confie, a portfolio company of ABRY Partners, has acquired three insurance brokerages in Illinois, Nevada, and Florida. Financial terms weren’t announced. The three agencies, which focus on providing non-standard auto insurance, include BMR Agency LLC dba First Stop Insurance in Washington Park, Illinois; Osorio and Family LLC dba CityWide Insurance, in Las Vegas; and Absolute Insurance Agency Inc in Miami.
Inflazome said Sept. 11 that it closed a 15 million euro ($16.8 million) Series A financing round co-led by Novartis Venture Funds and Fountain Healthcare Partners. Inflazome, of Dublin, is developing orally available drugs to address inflammatory diseases.
NewQuest Capital Partners has acquired Integreon Inc. Financial terms weren’t announced. LiveIt Investments Ltd and Actis were the sellers. New York-based Integreon provides legal, document, business and research support to law firms, corporate legal departments, corporate marketing and strategy groups.
Blue Harvest Fisheries LLC, a portfolio company of Bregal Partners, said Sept. 12 that it acquired High Liner Foods’ scallop business and processing facility in New Bedford, Massachusetts. Financial terms weren’t announced.