Singapore sovereign wealth fund GIC Pte Ltd and Macquarie Capital have formed a joint venture which has bought a majority stake in Iglu, an Australian student accommodation provider with a property portfolio worth about $132 million, Reuters reported.
Investment firm Azalea Capital has made an undisclosed investment in Turbine Generator Maintenance. Headquartered in Cape Coral, Florida, TGM is a provider of turbine and generator outage services.
ABRY Partners has closed its buy of Inmar. The seller was New Mountain Capital. No financial terms were disclosed. Headquartered in Winston-Salem, NC, Inmar operates intelligence commerce networks.
F.N.B. Capital Partners, which was licensed by the SBA as an SBIC, has acquired Uncle Charley's Sausage Company. No financial terms were disclosed. Ventura Group advised Uncle Charley's on the transaction. Also, Len Caric has been named standing President and CEO of Uncle Charley's while Jim Rudolph will serve as the company's chairman. Based in Vandergrift, Penn., Uncle Charley's Sausage is a producer and distributor of gourmet sausage and meat products.
Israeli private equity fund Fortissimo Capital Fund said Wednesday that it has acquired Eshbel Technologies for NIS 192 million. Eshbel is a provider of enterprise resource planning software for small and medium businesses.
New Mountain Finance Corp. will launch a secondary offering of 2,325,000 shares of its common stock on behalf of a selling stockholder, AIV Holdings. Goldman Sachs and Wells Fargo Securities are serving as lead underwriters. AIV Holdings plans on offering the underwriters the option to buy up to an additional 346,938 shares of New Mountain Finance Corp's common stock. Based in New York, New Mountain Finance Corp is a closed-end investment company.
Inventergy, an intellectual property acquisition and licensing company, has closed on an expanded $7.25 million private placement of its common stock. Laidlaw & Company worked as lead placement agent. Due to market demand, the offering was increased by 80 percent from its original target.
Summit Investments, formed by Energy Capital Partners in 2009, has acquired a stake in Ohio Gathering Company and Ohio Condensate Company for an undisclosed amount. Summit bought the stake from Blackhawk Midstream, a joint venture between Gulfport Energy Corporation and Wexford Capital. Barclays Capital worked as financial advisor to Summit Investments on the transaction.
Prospect Partners has recapitalized Owen Equipment Company and Owen Equipment Sales. The business is based in Portland, Ore and is a distributor of maintenance equipment used to service environmental infrastructure needs.
CapMan is acquiring acquire a majority holding in Kämp Group. The group includes Hotel Kämp, a Finnish hotel chain located in the Helsinki city centre and the modern lifestyle hotel chain GLO Hotels.