NEW YORK (Reuters) – Carlyle Group is being sued by the liquidators of a failed mortgage-securities fund that was set up by the private equity group, a spokesman for the liquidators said. The lawsuit, which is being filed in the United States and Europe, alleges that Carlyle Group and the former directors of the mortgage-securities […]
LLR Partners has agreed invest an undisclosed amount in Lightspeed Financial Inc., a provider of direct market access trading technology, risk management solutions and brokerage services. Lightspeed will use some of the proceeds to fund its previously-announced acquisition of Terra Nova Financial.
Churchill Financial Holdings has promoted Chris Cox to managing director and chief risk officer, and promoted Thomas Hennigan to senior vice president and head of underwriting and portfolio management.
HealthPlan Holdings Inc., a portfolio company of Water Street Healthcare Partners, has acquired GemGroup, a Pittsburgh-based provider of accounting, pension and 401(k) administration software to employee benefit plans for unionized workers. No financial terms were disclosed.
Hexagon AB has agreed to acquire Intergraph, a provider of enterprise engineering software to the process, power and marine industries, for approximately $2.13 billion. Intergraph was taken private in 2006 by Hellman & Friedman, TPG Capital and JMI Equity.
MidCap Financial LLC, a commercial finance company focused on mid-market healthcare, has secured a $250 million credit facility. Wells Fargo Capital Finance led the bank group, and was joined by SunTrust Bank, Goldman Sachs Bank USA, and Key Equipment Finance. MidCap Financial is a portfolio company of Lee Equity Partners, Genstar Capital and Moelis Capital Partners.
Symphony Technology Group has promoted J.T. Treadwell to managing director and Marc Bala to principal.
John Finley has agreed to join The Blackstone Group as a senior managing director and chief legal officer, effective September 1. He will succeed Robert Friedman, who will continue with Blackstone for a short time before retiring. FInley is a partner with Simpson Thacher & Bartlett, where he runs the global M&A group.
John Crocker has joined placement agent Atlantic-Pacific Capital as a partner in the firm's private funds business. He previously was with Citi’s private funds group and, before that, Capital Z Investment Partners.
Corinthian Capital Group has acquired STADCO, a Los Angeles-based maker of components and tooling for the commercial aerospace and defense markets, from Omninet Capital. No financial terms were disclosed.