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Dr. Slaoui joins Medicxi

Dr Moncef Slaoui has joined Medicxi as a partner. Dr Slaoui was formerly GSK’s chairman of pharmaceutical R&D and of its vaccines division.

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NBK’s second mezzanine fund raises $160 mln

NBK Capital Partners said Sept. 18 that it has closed its second mezzanine fund with $160 million of capital commitments. NBK Capital Partners Mezzanine Fund II will provide capital to middle market companies in consumer-centric sectors in the MENA region by way of mezzanine investments. Morgan Lewis represented NBK Capital while the fund administrator was Maples Fund Services.

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Pamlico Capital invests in Cartegraph Systems

Pamlico Capital said Sept. 19 that it has completed a growth investment in Cartegraph Systems Inc. Financial terms weren’t announced. Cartegraph, of Dubuque, Iowa, provides SaaS-based asset management solutions to local governments.

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Cialino joins SFW Capital Partners

SFW Capital Partners said Sept. 19 that it hired Andrew Cialino as a vice president and head of business development.  Cialino was previously with Axial, where he was the head of sales.

Carlyle Group, TCW, private equity, merger, M&A
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Carlyle may look to exit TCW: sources

Four years after buying a majority of TCW Group Inc, Carlyle Group may seek to sell its stake in the asset manager, according to three sources. The buyout shop has hired Goldman Sachs to explore options, people said. Carlyle will likely opt to offload a minority of TCW, the people said. Carlyle has yet to decide what […]

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Longford Capital Fund II raises $500 mln

Longford Capital Management LP said Sept. 18 that its most recent fund closed at $500 million. Longford Capital Fund II LP will invest in the outcomes of commercial legal claims it believes to be highly meritorious and have a strong likelihood of success. Fund II has already committed nearly $100 million to new investments.

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Francisco sells R2Net for $328 mln to Signet Jewelers

Francisco Partners said Sept. 18 that it has sold portfolio company R2Net to Signet Jewelers. In a separate release, Signet said it paid $328 million in cash. R2Net, of New York, owns online jewelry retailer JamesAllen.com and Segoma Imaging Technologies.

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Zheng joins ParkerGale

ParkerGale Capital said Sept. 15 that Cici Zheng has joined the firm as a principal. Zheng was previously with Bain & Company where she was a case team leader.

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HighRadius raises $50 mln

HighRadius Corp said Sept. 15 that it raised $50 million in growth funding from Susquehanna Growth Equity. HighRadius, of Houston, provides cloud-based integrated receivables software.

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ArchiMed Fund II closes at $376.2 mln

ArchiMed said Sept. 18 that it closed its Med II fund at its hard cap of 315 million euros ($376.2 million). ArchiMed’s second fund attracted commitments from nearly 30 investors, mainly from the United States and Europe. ArchiMed invests in all healthcare sectors, including medtech, biopharma, care services and preventive healthcare. ArchiMed, of Lyon, France, was formed in 2014 by former 3i healthcare executives.

Brett Hinton, Thomas H. Lee Partners, Carlyle Group, private equity
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THL’s Hinton jumps to Carlyle private credit

Brett Hinton has left THL Credit, the credit affiliate of Thomas H. Lee Partners, after more than two years. Hinton joined Carlyle Group, spokesman Randall Whitestone said in an emailed response to questions. A spokesman for THL Credit confirmed Hinton had left the firm.  Hinton started at Carlyle on Sept. 5 and is a managing director, Whitestone […]

BluePay, TA Associates, First Data, private equity, merger, M&A
675 Views

Strategics out of BluePay auction

Only private equity remains in the running for BluePay Processing, the payments company that’s up for sale, three sources said. No strategics are left in the auction, people said. First Data was previously mentioned as possibly interested but it apparently is no longer involved, people said. Three PE firms are vying for BluePay, sources said. […]

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Tiger Infrastructure to buy Danskammer Energy

Tiger Infrastructure said Sept. 14 that it agreed to buy Danskammer Energy LLC from Mercuria Energy Group. Agate Power is also investing. Financial terms weren’t announced. Danskammer Energy owns Danskammer Generation Station, a 500 MW gas-fired power plant located near Newburgh, New York.

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TrueCommerce buys Datalliance

TrueCommerce, a portfolio company of Accel-KKR, has acquired Datalliance. Financial terms weren’t announced. Datalliance, of Cincinnati, provides technology and services to support collaborative replenishment programs.

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KKR wrestles with NYC pension fund deal: NY Post

KKR, which is in talks for $3 billion in New York City pension fund money, has agreed not to take any piece of the investment’s gain until it surpasses a minimum threshold, the New York Post is reporting. It was not clear what the threshold was but New York City Comptroller Scott Stringer’s office targets a 7 percent annual return, the NY Post said. The deal would mark the first time KKR received NYC pension cash.