Orion Business buys Behavior Design, Cabeus

By Luisa Beltran — 1 hour ago

Orion Business Innovation, a portfolio company of One Equity Partners, said July 17 that it acquired Behavior Design and Cabeus. Financial terms weren’t announced. Behavior Design, of New York, is a user experience strategy and design firm. Cabeus provides digital transformation, regulatory information management, quality management systems, and digital health initiatives for life sciences.

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MRA Capital Partners launches private debt real estate fund

By Iris Dorbian — 3 hours ago

Parsippany, New Jersey-based MRA Capital Partners, hybrid private equity real estate firm, has launched its Lighthouse Fund. The fund will provide private debt loans for commercial and residential developers builders and real estate investors. MRA is seeking to raise $50 million for its first round.

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OpenGate Capital buys Duraco

By Iris Dorbian — 4 hours ago

OpenGate Capital Management has acquired Forest Park, Illinois-based Essentra Specialty Tapes, a B2B manufacturer of specialty tapes. No financial terms were disclosed. Essentra Specialty Tapes will operate under the name Duraco Specialty Tapes LLC.

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Gemspring-backed TMP buys Perengo

By Luisa Beltran — 7 hours ago

TMP Worldwide, a portfolio company of Gemspring Capital, said July 17 that it acquired Perengo. Financial terms weren’t announced. Perengo provides a programmatic recruitment platform that aims to help large companies automate and improve their recruitment process.

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Navab Capital to wind down: Bloomberg

By Luisa Beltran — 8 hours ago

Navab Capital Partners, whose founder unexpectedly passed away earlier this month, is winding down, Bloomberg reported. Navab Capital had been targeting $3 billion for its debut fund. Navab was a former KKR executive.

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HGGC to sell minority of Nutraceutical International

By Luisa Beltran — 8 hours ago

HGGC said July 17 that it has agreed to sell a minority stake in Nutraceutical International Corp to Snapdragon Capital Partners LLC and The Maze Group LLC. Financial terms weren’t announced. Nutraceutical, of Park City, Utah, makes, markets and distributes branded natural products, including supplements, personal care, and other natural products sold primarily through domestic health and natural food stores, as well as specialty stores and online.

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Incline Equity invests in Wholesale Supplies Plus

By Luisa Beltran — 8 hours ago

Incline Equity Partners has invested in Wholesale Supplies Plus via a recap. Financial terms weren’t announced. Wholesale Supplies distributes raw materials, supplies and packaging used in the production of soap, lotion, cosmetics and candles as well as other personal care products by professional crafters.

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Landy steps down as Warburg’s co-CEO: Bloomberg

By Luisa Beltran — 8 hours ago

Joseph Landy is stepping down as co-CEO of Warburg Pincus and will transition out of the role over the next year, Bloomberg reported. Charles Kaye, 55, will become sole CEO while former U.S. Treasury secretary Timothy Geithner, 57, is staying on as president, the story said.

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Värde appoints Carstairs as co-CEO

By Iris Dorbian — 22 hours ago

Värde Partners has named Ilfryn Carstairs as co-CEO. Carstairs will join George Hicks, the firm’s co-founder and CEO, as co-CEO. Hicks is planning on transitioning to executive chair in 2022. Currently, Carstairs is a partner and co-chief investment officer for Värde. His appointment begins January 1, 2020.

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