344 Views

Mathew named CEO of Kespry

Kespry said Jan. 11 that George Mathew was named chief executive and chairman. Mathew was most recently president and chief operating officer of Alteryx. CEO Paul Doersch, who led the team that developed and commercialized the Kespry Drone System, will remain a shareholder in the company. Kespry, of Menlo Park, California, is an aerial intelligence platform provider backed by Lightspeed Venture Partners, DCM Ventures, Spectrum 28, Wilson Sonsini and others.

472 Views

Thompson Street Capital invests in Software Technology

Thompson Street Capital Partners said Jan. 12 that it recapitalized Software Technology Inc. Financial terms weren’t announced. Software Technology, of Lincoln, Nebraska, provides financial and practice management software for small to mid-size law firms. Cascadia Capital served as financial adviser to STI.

332 Views

TA Associates invests in think project!

TA Associates said Jan. 12 that it completed an investment in think project! GmbH. Financial terms weren’t disclosed. Think project!, of Munich, provides cross-enterprise collaboration and workflow software to the construction and engineering industries. GCA Altium served as financial advisor and Noerr LLP served as legal counsel to think project!. Willkie Farr & Gallagher LLP was the attorney for TA Associates.

7336 Views

Carlyle promotes 62 professionals

Carlyle Group said Jan. 11 that it promoted 62 professionals to senior positions. This includes 13 to partner, 17 to managing director and 32 to principal/director.

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Marlin-backed Bluegarden buys Medvind

Bluegarden, a Marlin Equity Partners portfolio company, has acquired Medvind Informationsteknik AB. Financial terms weren’t announced. Medvind, of Stockholm, provides human resource planning and time management software solutions to customers in the public, media and healthcare services sectors.

546 Views

Industrial Opportunity Partners buys Union Corrugating Co

Industrial Opportunity Partners said Jan. 11 that it has acquired Union Corrugating Company. Financial terms weren’t announced. Union, of Fayetteville, North Carolina, makes metal roofing systems and roofing components. PNC Business Credit and Patriot Capital provided financing for the acquisition. VRA Partners represented the shareholders of Union. McDermott Will & Emery LLP provided legal representation to IOP.

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Cyprium Partners makes Stone an MD

Cyprium Partners said Jan. 11 that it promoted Nicholas Stone to Managing Director. Stone oversees Cyprium’s Chicago office and will lead the firm’s origination and marketing related activities.

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Main Capital invests in artegic AG

Main Capital has acquired a “substantial” stake in artegic AG. Financial terms weren’t announced. Artegic, of Bonn, German, is a marketing automation software provider.

133 Views

Constitution Capital Partners latest fund closes on $755 mln

Constitution Capital Partners said Jan. 11 that its latest fund closed on $755 million in total commitments. Ironsides IV was oversubscribed and exceeded the original $500 million target. Ironsides IV will focus on investments in primary funds with $200 million to $1.5 billion in commitments and direct investments with enterprise values between $100 million and $1 billion. Constitution Capital Partners, of Boston, invests in North American lower middle market buyout funds and makes direct investments in North American lower middle market companies.

284 Views

Palladium Equity invests in CircusTrix

Palladium Equity Partners LLC said Jan. 10that it invested in CircusTrix Holdings LLC. Financial terms weren’t announced. CircusTrix founder and CEO Case Lawrence, his management team and other existing owners are also taking part in the deal. CircusTrix develops, owns and operates indoor extreme recreation parks. The Sage Group LLC served as financial advisor to CircusTrix. Skadden, Arps, Slate, Meagher & Flom LLP was the legal advisor for CircusTrix. Paul, Weiss, Rifkind, Wharton & Garrison LLP was the legal advisor for Palladium.

483 Views

Cerberus Capital to buy Garden Fresh

Garden Fresh Restaurant Corp said Jan. 9 that it would sell its assets to Cerberus Capital Management LP. Garden Fresh, of San Diego, filed for bankruptcy protection in October. Sun Capital Partners acquired Garden Fresh in 2005. Garden Fresh, which owns Souplantation and Sweet Tomatoes restaurants, said it planned to emerge from Chapter 11 restructuring later this month with between 90 and 104 restaurants.

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Varsity Healthcare Fund II closes on $300 mln

Varsity Healthcare Partners said Jan. 9 that its second fund closed on $300 million. Varsity Healthcare Partners II that will invest in healthcare services platforms. UBS served as the placement agent and Kirkland & Ellis acted as legal counsel to VHP. In a separate statement, Varsity Healthcare said Steven Boyd has joined the firm as an Operating Partner. Boyd is the former CEO of Evolution Health and Ascension Health at Home subsidiaries of Envision Healthcare Holdings.

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Schoenthal named Senior MD at Harvest Partners

Harvest Partners LP said Jan. 9 that it promoted Andrew Schoenthal to Senior Managing Director. He was previously a managing director. Other Harvest promotions include: Nick Romano to Managing Director; Michael Greenman, James Mitchel and David Schwartz to Principal; and, Steve Fessler to Vice President.

386 Views

Maven Capital leads $3.4 mln round for QikServe

Maven Capital Partners has led a 2.7 million pounds (US$3.4 million) funding round for QikServe Ltd. Maven is investing 2 million pounds while the other 700,000 pounds is coming from exiting investors including Par Equity, Equity Gap and Scottish Enterprise. QikServe, of the U.K., has developed a B2B cloud-based platform aimed at hospitality operators.

Lalamove raises $30 mln

Lalamove said Jan. 10 that it raised $30 million in Series B financing led by Xianghe Capital. Also participating were Blackhole Capital and existing shareholders MindWorks Ventures, Crystal Stream and Thailand’s Asia Plus Group Holdings. Lalamove, of Hong Kong, is an on-demand delivery company.

764 Views

FTV Capital invests in Enfusion Systems

Enfusion Systems said Jan. 10 that it raised a significant minority growth equity investment from FTV Capital. Financial terms weren’t announced. Enfusion, of Chicago, provides a cloud-based platform for investment managers.

2469 Views

Bain buys MSX International

Bain Capital said Jan. 9 that it acquired MSX International. Financial terms weren’t announced. MSX, of Detroit, provides technology-based services to the automotive industry and employs more than 6,000 experts in more than 80 countries.