NFP to acquires 12 Planet Fitness clubs

By Iris Dorbian — 11 hours ago

National Fitness Partners, which is backed by Argonne Capital, has agreed to acquire 12 Planet Fitness clubs operating in the Triad North Carolina area. The seller was GNT Triad LLC. No financial terms were disclosed. King & Spalding, McGuireWoods LLP, Gray Plant Mooty and Ernst & Young advised Argonne Capital on the deal.

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PE-backed Blue Acorn iCi buys Mediotype

By Iris Dorbian — 11 hours ago

Blue Acorn iCi, a portfolio company of Beringer Capital, has acquired Boulder, Colorado-based Mediotype, a digital ecommerce company. No financial terms were disclosed. Blue Acorn iCi has offices in Charleston, Raleigh, New York, Toronto, Los Angeles, San Antonio and Shelton, Connecticut.

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Beekman invests in Twin Boro

By Iris Dorbian — 11 hours ago

The Beekman Group has made an investment in Clark, New Jersey-based Twin Boro Management LLC, a management services organization supporting a network of physical and occupational therapy clinics. No financial terms were disclosed.

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Envista debuts IPO

By Iris Dorbian — 13 hours ago

Brea, California-based Envista, a dental products company being spun out of Danaher, raised over $588 million for its IPO after pricing its over 26.7 million shares at $22 per share. The stock began trading September 18, 2019 on the New York Stock Exchange under the ticker symbol “NVST.” J.P. Morgan, Goldman Sachs and Morgan Stanley are the lead underwriters.

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L Squared recap GWS

By Iris Dorbian — 13 hours ago

L Squared Capital Partners has recapitalized Florida-based GWS Tool Group, a provider of consumable cutting tools. No financial terms were disclosed.

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Goldner Hawn exits Cameron’s Coffee

By Iris Dorbian — 14 hours ago

Goldner Hawn has sold Cameron’s Coffee to Grupo Nutresa S.A. No financial terms were disclosed. Piper Jaffray was financial adviser to Goldner Hawn and Cameron’s Coffee with Faegre Baker Daniels serving as legal adviser. Minnesota-based Cameron’s Coffee is a provider of both branded and private label coffee products to the retail grocery marketplace.

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IGM Biosciences goes public

By Iris Dorbian — 15 hours ago

Mountain View, California-based IGM Biosciences Inc, a biotech firm focused on developing engineered IgM antibodies for therapeutic use, has raised about $175 million for its IPO of nearly 11 million shares at $16 per share. The stock began trading September 18, 2019 on the NASDAQ under the ticker symbol “IGMS.” The lead underwriters are Jefferies, Piper Jaffray, Stifel and Guggenheim Securities. IGM’s pre-IPO backers include Redmile Group, Janus Henderson Investors and Vivo Capital.

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Credit card startup Petal picks up $300 mln debt financing

By Iris Dorbian — 16 hours ago

Petal, a credit card startup, has secured $300 million in debt financing from Jefferies. The capital infusion will be used by Petal to expand its card program. Petal’s backers include Valar Ventures, Greyhound Capital, Third Prime Capital, Rosecliff Ventures, Story Ventures, RiverPark Ventures and Afore Capital.

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Rockefeller Capital to buy Financial Clarity

By Iris Dorbian — 16 hours ago

Rockefeller Capital Management has agreed to acquire Financial Clarity Inc, a multi-family office based in Mountain View, California. No financial terms were disclosed. Also, Stan Young, who founded Financial Clarity in 1992, will join Rockefeller as managing director and senior client adviser.

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Advent technology fund raises $2 bln

By Luisa Beltran — 19 hours ago

Advent International said Sept. 18 that its technology-focused fund closed on its $2 billion hard cap. The target for Advent Global Technology was $1.6 billion. The tech fund is a companion to Advent’s ninth private equity fund, which raised $17.5 billion. Advent said it has also opened an office in Palo Alto, California.

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