Boston-based buyout shop Candescent Partners has acquired Dermatology Associates of Tyler. Candescent led the transaction with co-investors Eagle Private Capital and Harbert Mezzanine Partners, the firm announced. Dermatology Associates provides medical and cosmetic dermatological services in the Eastern Texas region.
Monroe Capital provided a $35 million credit facility, as well as a equity co-investment, to support the recap of an unnamed healthcare services company backed by Centre Partners, the firm announced.
H.I.G. Growth Partners has exited its investment in Triad Retail Media, selling the stake to Rockbridge Growth Equity and Falcon Investment Advisors. Founded in 2004, Triad operates digital retail media programs for retail company websites.
Private equity group 3i has sold all of its remaining 16.7 percent stake in German engineering group Norma for about 109 million euros ($142.2 million). Britain's 3i on Thursday said it placed 5.3 million Norma shares with investors for 20.50 euros each and was no longer a shareholder in the German company. That was a discount of about 4.5 percent to Norma's closing share price on Wednesday and below its Frankfurt listing price of 21 euros per share in April 2011.
Private equity firm CVC is in exclusive talks to buy a majority stake in SPi Global Holdings, a business outsourcing unit of Philippine Long Distance Telephone Co, for about $320 million including debt, a source familiar with the matter told Reuters. PLDT, Manila's second-most valuable listed company, had put an 80 percent stake in SPi Global on the block last year as it looks to shed non-core businesses. The auction attracted interest from global buyout firms including Bain Capital and Carlyle Group as well as CVC.
TA Associates has taken a majority stake in Dutch LLC, the parent company for fashion brands JOIE, Equipment and Current/Elliott. Terms were not disclosed. Dutch is based in Vernon, Calif.
Google has made an approximately $200 million equity investment in Spinning Spur Wind Project. The wind farm is located in Oldham County, Texas. The 161 megawatt facility was built by renewable energy developer EDF Renewable Energy.
Marlin Equity Partners has acquired Verisae, a Minneapolis, MN-based provider of SaaS, cloud-based solutions. No financial terms were disclosed.
Canadian mezzanine firm Crown Capital Partners provided a C$20 million debenture to Genalta Power Inc., a clean electricity generation company providing waste energy to power applications. The financing will go toward the company's continued expansion. The privately-owned, Calgary, Alberta-based Genalta also obtained mezzanine debt financing in May, 2012.
Investcorp has acquired two portfolio acquisitions comprised of 16 high-quality office properties in the Greater Houston and Chicago metropolitan areas. The combined 900,000 square foot portfolio is valued at approximately $120 million.