Valencia Capital buys The Dawson Academy

By Iris Dorbian — 2 hours ago

Valencia Capital LLC has acquired St. Petersburg, Florida-based The Dawson Academy, a provider of post-graduate training for dentists. No financial terms were disclosed. Generational Equity advised The Dawson Academy on the transaction.

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Genstar acquires Bracket from Parthenon

By Iris Dorbian — 2 hours ago

Genstar Capital has acquired Bracket, a clinical trial technology and specialty services provider, from Parthenon Capital Partners. No financial terms were disclosed. Jefferies served as lead adviser to Bracket with Cain Brothers acting as co-adviser.

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Berkshire Group acquires Chapel Hill, North Carolina property

By Iris Dorbian — 20 hours ago

Berkshire Group has acquired Alexan Chapel Hill, a Chapel Hill, North Carolina-based 265-unit property, which includes 13,560 square feet of retail space. The sellers were Trammell Crow Residential and East West Properties. No financial terms were disclosed. Alexan Chapel Hill will be renamed Berkshire Chapel Hill.

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Gold Star Foods scores over $40 mln from Castle Harlan

By Iris Dorbian — 24 hours ago

Castle Harlan Inc has invested more than $40 million in Gold Star Foods. Part of this capital infusion will be used to finance Gold Star Food’s acquisition of Phoenix, Arizona-based Colyar Technology Solutions, a provider of food distribution and compliance management software. Based in Ontario, California, Gold Star Foods is a distributor of “approved foods” for school meals in the Southwestern U.S.

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PE-backed Rio Energy nabs $270 mln

By Iris Dorbian — 1 day ago

Rio Energy, a developer, owner and operator of renewable energy projects in Brazil, has secured $270 million in funding from the country’s National Bank for Economic and Social Development. The capital infusion will be used to build eight wind farms in Serra da Babilônia Complex. Rio Energy is backed by Denham Capital.

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Clairvest to sell Lyophilization Services to Permira affiliate

By Kirk Falconer — 1 day ago

Canadian private equity firm Clairvest Group has agreed to sell its interest in Lyophilization Services of New England Inc, a contract manufacturing organization that provides lyophilization services to the biotech, pharmaceutical and medical device industries. Clairvest, which in 2008 acquired a minority stake in Manchester, New Hampshire-based LSNE, said it expects to realize sales proceeds of about $80 million. That compares against the $48.9 million value estimated for the company in December. LSNE will be bought by an affiliate of European private equity firm Permira. The deal is expected to close before the end of June.

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Clairvest to acquire Discovery Air in take-private deal

By Iris Dorbian — 1 day ago

Clairvest Group has agreed to acquire Etobicoke, Ontario-based Discovery Air Inc, a specialty aviation and logistics company, in a take-private deal. According to terms of the transaction, Clairvest will acquire shares in Discovery Air it doesn’t already own at $0.20 per share. Once the deal closes, Discovery Air Inc will stop trading on the Toronto Stock Exchange.

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Digital Bridge, PSP Investments and TIAA buy Vantage Data Centers

By Iris Dorbian — 1 day ago

A consortium that includes Digital Bridge Holdings LLC, Public Sector Pension Investment Board and TIAA Investments has acquired Silicon Valley-based Vantage Data Centers, a provider of data center solutions in support of mission-critical applications. The seller was Silver Lake. No financial terms were disclosed. RBC Capital Markets and DH Capital served as financial advisers to Vantage on the deal.

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Madison Dearborn-backed Evo Payments goes on the block: Bloomberg

By Luisa Beltran — 1 day ago

Evo Payments International, which is backed by Madison Dearborn Partners, is up for sale, Bloomberg is reporting. Evo is working with Deutsche Bank AG and JPMorgan Chase & Co to explore strategic options, which could include an IPO and a sale, the story said. The process has drawn interest from Vantiv Inc, Bloomberg said. A sale could value the company at $2 billion, the story said.

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Pricoa Capital invests in 118 Group

By Luisa Beltran — 1 day ago

Pricoa Capital Group, the private debt and risk capital investment arm of PGIM Inc, has invested in 118 Group Ltd. Financial terms weren’t announced. Cofounders Paul Spinks and Patrick Bradshaw will retain stakes in the company. 118 Group, of the U.K., updates and maintains a database of almost two million UK business records. Pricoa’s investment is comprised of senior debt, a senior accordion, subordinated notes and preferred equity. Pricoa Capital is the investment management business of Prudential Financial Inc.

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Apax to exit security services company GardaWorld

By Iris Dorbian — 4 days ago

Apax Partners has agreed to sell its remaining stake in Montreal-based GardaWorld, a security and cash services provider, to Rhône Capital and Stephan Crétier, founder, chairman and CEO of GardaWorld. No financial terms were disclosed. The deal is expected to close, providing all conditions are met, during the quarter ending July 31, 2017.

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