Black Diamond Capital Fund IV raises $1.5 bln

Black Diamond Capital Management LLC said Wednesday that its latest fund has closed at its $1.5 billion hard cap. BDCM Opportunity Fund IV, L.P. will seek to buy middle-market U.S. and European based companies, typically through a restructuring or reorganization process. Credit Suisse Securities acted as placement agent. Greenwich, Conn.-based Black Diamond is a credit focused alternative asset management firm.


Genstar invests in PSKW

Genstar Capital said Wednesday that it made a “substantial” investment in PSKW. Financial terms weren’t announced. Bedminster, New Jersey-based PSKW provides patient prescription medication assistance solutions and payment reimbursement services.

Quartet adds $6.25 mln in Series A funding

Quartet Medicine said Wednesday it raised another $6.25 million, boosting its Series A to a total of $23.25 million. New investors include Remeditex Ventures LLC and two undisclosed Shanghai-based strategic investors. Quartet, of Cambridge, Massachusetts, is a biotechnology company focused on the development of novel treatments for chronic pain and inflammation.


Apollo Aviation Group fund III raises $833 million

Apollo Aviation Group said Wednesday that its third aviation fund raised $833 million, above its $750 million target. Investors of SASOF III include governmental plans, insurance companies, fund of funds, endowments and others. SASOF III will seek to buy acquire mid-life commercial aircraft and engines for lease and / or immediate disassembly and resale of the systems, components and parts.

Hepalink USA buys Cytovance Biologics for $205.68 mln

Hepalink USA Inc. has acquired Cytovance Biologics Inc., a portfolio company of Great Point Partners, for $205.68 million in cash. Oklahoma City-based Cytovance makes protein and antibody drugs for biotechnology and pharmaceutical companies.


TSG Consumer Partners to exit Stumptown Coffee Roasters

Peet’s Coffee & Tea has agreed to buy Stumptown Coffee Roasters. Financial terms weren’t announced. TSG Consumer Partners LLC, which owned a majority, was one of the sellers. Portland-based Stumptown operates 10 retail cafes in Portland, Seattle, New York, and Los Angeles, together with roasting facilities in each city.

TPG Real Estate Fund II raises over $2 bln

TPG Real Estate said Wednesday that its second fund closed with over $2 billion of equity commitments. Investors of TPG Real Estate Partners II include public and private pension funds, sovereign wealth funds, insurance companies, and other institutional investors. TPG Real Estate is the real estate arm of TPG.


H.I.G. buys T-Bird Restaurant Group

H.I.G. Capital LLC has completed its buy of the T-Bird Restaurant Group Inc. Financial terms weren’t announced. La Jolla, California-based T-Bird is the exclusive franchisee of Outback Steakhouse for the state of California, operating 63 stores across the state.

Pearl Energy, NGP commit $125 mln to Wild Wind Petroleum

Pearl Energy Investments LP and Natural Gas Partners have committed $123 million to the launch of Wild Wind Petroleum Inc. The company will focus on the acquisition of oil and gas assets in various regions of Western Canada for the purpose of development and exploitation.


Rowe joins D.A. Davidson & Co.

Brien Rowe has joined D.A. Davidson & Co.’s investment banking team as an MD in its consumer and retail sector. Rowe was previously with Intrepid Investment Bankers and earlier co-founded The Sage Group LLC.

Oncoceutics closes Series A round

Oncoceutics said Tuesday it closed a Series A round of financing led by Spring Mountain Capital LP. Additional private investors also took part. Ococeutics, of Hummelstown, Pennsylvania, is a clinical-stage drug discovery and development company.


CD&R to exit PharMEDium Healthcare in $2.575 bln sale

AmerisourceBergen said Tuesday that it has agreed to buy PharMEDium Healthcare Holdings Inc. for $2.575 billion in cash, subject to certain adjustments. Clayton, Dubilier & Rice is the seller. Lake Forest, Illinois-based PharMEDium provides outsourced compounded sterile preparations (CSPs) to acute care hospitals. Morgan Stanley & Co. LLC acted as financial advisor to AmerisourceBergen while J.P. Morgan Securities LLC and Credit Suisse advised PharMEDium.


Partners Group buys Pacific Bells, World Wide Wings

Partners Group said Tuesday it acquired a majority stake in companies, Pacific Bells and World Wide Wings. Financial terms weren’t announced. The founders and management team have retained a significant stake following the transaction, which closed on Oct. 2. The Companies are leading franchisees of the Taco Bell and Buffalo Wild Wings brands and operate 139 restaurants across five US states.


Code42 raises $85 mln

Code42 said Tuesday it raised $85 million in Series B funding led by new investors JMI Equity and New Enterprise Associates Inc. Existing investors Accel and Split Rock Partners also participated in the financing. Minneapolis-based Code42 is an enterprise SaaS provider of endpoint data protection and security to businesses. Code42’s total funding comes to more than $137 million.

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