Arlington Capital to sell Novetta to Carlyle

The Carlyle Group has agreed to acquire McLean, Virginia-based Novetta, a provider of advanced analytics solutions, from Arlington Capital Partners. No financial terms were disclosed. Morgan Stanley & Co LLC and Houlihan Lokey provided financial advice to Novetta and Arlington Capital Partners on the transaction while Jefferies was financial advisor to Carlyle.

Elevate expands financing from VPC

Online credit solutions provider Elevate has increased its credit facility from Victory Park Capital to an additional $70 million, bringing it to a total of $385 million. According to Elevate, the financing will be used for further investments.

Thoma Bravo to buy majority stake in DigiCert

Thoma Bravo LLC has agreed to acquire a majority stake in Lehi, Utah-based DigiCert, a provider of trusted certificate management solutions. The seller is TA Associates, which will retain a minority stake in DigiCert as part of the transaction. No financial terms were disclosed. Jefferies LLC provided financial advice to Thoma Bravo while Evercore did likewise for DigiCert. Jefferies Finance LLC and Fifth Street Asset Management provided the financing for the deal.


Waterland Private Equity exits SENIOcare

Waterland Private Equity has sold its stake in Swiss nursing home operator SENIOcare to Swiss Prime Site AG. No financial terms were disclosed. Credit Suisse and Bär & Karrer provided advice to Waterland on the transaction.

Essex Woodlands buys stake in AxoGen

Essex Woodlands has acquired a stake in AxoGen Inc, an Alachua, Florida-based provider of surgical solutions for peripheral nerve injuries. According to the terms of the investment, Essex Woodlands bought over 4.8 million shares in AxoGen at $3.60 per share, with the latter company generating net proceeds of about $17.1 million. As a result of the transaction, Guido Neels, an operating partner at Essex Woodlands, has been appointed to AxoGen’s board of directors.


CI Capital sells KIK to Centerbridge

CI Capital Partners has closed its previously announced sale of KIK Custom Products to Centerbridge Partners. No financial terms were disclosed. Morgan Stanley & Co LLC and Rothschild served as financial advisors to KIK on the transaction. Based in Ontario, KIK makes consumer packaged goods for brands and retailers.

Three Hills invests in Building Energy Group

Three Hills Capital Partners has acquired a stake in Building Energy Group, an Italian renewable energy-focused power producer. The price of the transaction was 35 million euros. PwC provided advice on accounting, tax and corporate finance while Invest Africa served as business adviser.


Providence to sell IRONMAN after seven-year hold

Chinese conglomerate Dalian Wanda Group has agreed to acquire endurance race event brand IRONMAN from Providence Equity Partners for an equity value of about $650 million. Wanda Group will assume IRONMAN’s existing debt. Providence held the business for seven years.


Audax, Moelis complete sale of Quest Construction Products

Audax Private Equity and Moelis Capital Partners have completed the sale of Quest Construction Products, the remaining division of Quest Specialty Chemicals, Inc., to Building Materials Corporation of America. With the sale, Audax and Moelis have fully exited their investments in Quest.


Investor group buys LP stakes in Palamon funds, commits new capital

Adams Street Partners, Goldman Sachs, Morgan Stanley, PGGM and the Rothschild Merchant Banking Group bought LP stakes in Palamon European Equity Funds I and II as part of a tender offer process. The investor group also committed new capital into a vehicle that will invest alongside Palamon Auxiliary Partnership 2013. Credit Suisse ran the process. The two newer vehicles have committed to the purchase of Currencies Direct in partnership with Corsair Capital.

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