Borgman taps Germanotta as MD

By Iris Dorbian — 1 day ago

Borgman Capital, a middle-market private equity firm, has named Jeffrey Germanotta as a managing director. He is a former principal and managing director at William Blair & Company.

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Summit Park wraps up third fund at $245 mln

By Iris Dorbian — 2 days ago

Summit Park has closed its third fund at $245 million, beating its original target of $200 million. Summit Park III’s limited partners include pension funds, foundations and asset managers. Morgan, Lewis & Bockius LLP was legal counsel to Summit Park on the fundraising. The Charlotte, North Carolina-based firm invests in lower-middle market companies that have an EBITDA between $4 million and $15 million.

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Blue Point recaps Next Level Apparel

By Iris Dorbian — 2 days ago

Blue Point Capital Partners has recapitalized Gardena, California-based Next Level Apparel, a maker of casual apparel for the promotional product, ad specialty and other decorated apparel markets. No financial terms were disclosed.

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AlpInvest provides $260 mln to Stagwell Group

By Iris Dorbian — 2 days ago

Stagwell Group has raised $260 million in funding from AlpInvest Partners. Mercury Capital Advisors provided financial advice to Stagwell Group on the transaction. Stagwell Group is an investment firm formed by ex-Bill Clinton adviser Mark Penn.

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VC-backed BuildingConnected acquires TradeTapp

By Iris Dorbian — 2 days ago

BuildingConnected has acquired TradeTapp, a subcontractor risk analysis platform. No financial terms were disclosed. BuildingConnected’s backers include Lightspeed, Crosslink, Homebrew, Brick & Mortar, Bee Partners, Freestyle and Brookfield Ventures.

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PMA buys ITMLI select assets

By Iris Dorbian — 2 days ago

Project Management Academy has acquired selected assets from the IT Management and Leadership Institute, which provides training for IT professionals. No financial terms were disclosed. PMA is a part of Educate 360, which is a portfolio company of Leeds Equity Partners. 

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