Moelis Capital Partners said Thursday that Barbara Hill has been appointed an operating partner. Hill was most recently CEO of ValueOptions. She will focus on healthcare-related investments, and provide strategic and operating support to Moelis Capital's healthcare portfolio companies. Moelis Capital is the PE arm of Moelis & Co.
Thompson Street Capital Partners has put Iron Data on the block, four sources say. Atlanta-based Iron Data develops software for local and state governments. The company, which employs over 300 people, produced more than $25 million EBITDA, one PE exec says. Thompson Street was seeking bids of 10x for Iron Data, the source says. “It was pretty frothy,” the person says of the auction.
ACON Investments has completed its purchase of Refac Optical Group from Palisade Capital Management. Financial terms of the deal were not released. Refac Optical Group was advised by Oppenheimer & Co. Inc. in the transaction. ACON Investments was advised by William Susman.
Exergetic Energy, a Detroit-based energy supply company, has closed on a $10 million draw-down equity financing agreement with Boston-based Auctus Private Equity . The company will use the proceeds to underwrite the construction of a 1.5 MW solar farm facility in Desoto County, Florida.
Private equity firm Infrastructure India Holdings Fund LLC has acquired a 6.3% stake in Aegis Logistics Ltd., Reuters reported. The proceeds will help Aegis with its port terminal infrastructure projects, the company said. Under the terms of the deal, Aegis sold 2.12 million shares to the firm, at a price of 322 rupees ($7.20) each.
Huron Capital has exited its investment in Quest Specialty Chemicals, earning 4.1x its original investment, the firm said. Huron exited as Quest was recapitalized by Audax Group, Moelis Capital Partners, and Quest management. Terms of the deal were not released. Huron invested in Quest from The Huron Fund II LP, a $185 million fund raised in 2005.
Private equity firms have teamed up with several listed hotel chains in the second round of bidding for Chinese hotel group Shanghai Motel Management Co., Reuters reported. China Lodging Group Ltd bid with Bain Capital LLC, General Atlantic and local private equity firm CDH Investments, Reuters said. The Carlyle Group and Warburg Pincus are also reportedly teaming up with hotel chains in competing bids.
European private equity firm IK Investment Partners has bought Offshore Incorporations from Carlyle Group, Reuters reported. Terms of the deal were not released, though previous reports estimated the deal at as much as $300 million.
Got our emails? Get our emails. And, tweets. Groupon: Sees falling revenue, according to TechCrunch We Expected This in China: PE bids in China for Shanghai Motel Management TomTom: Mapping units not for sale! [Ed note: until it is!] Let’s… Merge airlines!
Jefferson Allen has been elected to the board of PBF Energy Co., which is backed by the Blackstone Group and First Reserve Corp. Allen will serve as chairman of PBF's audit committee.