Arbor exits Fieldbrook Foods

By Luisa Beltran — 4 days ago

Arbor Investments said April 16 that it sold Fieldbrook Foods to Wells Enterprises Inc. Financial terms weren’t announced. Fieldbrook, of Dunkirk, New York, makes ice cream and frozen novelty products including ice cream sandwiches, cups, cones and stick novelties.

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Goyal joins Carlyle Group

By Luisa Beltran — 4 days ago

Carlyle Group said April 16 that Pooja Goyal is joining the firm as partner and head of its renewable and sustainable energy team. Goyal was most recently head of the alternative energy investing group at Goldman Sachs.

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Woollatt joins Hamilton Lane

By Luisa Beltran — 4 days ago

Hamilton Lane said April 16 that Mike Woollatt has joined the firm as a principal on the co-investment and fund investments team. Hamilton Lane has also opened an office in Toronto, which Woollatt will lead. Woollatt was most recently a director of strategic partnerships at OMERS.

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Bradley denies she caused Kainos “compensable harm”

By Luisa Beltran — 4 days ago

It was Andrew Rosen, Kainos Capital’s managing partner, and not Sarah Bradley, who pushed the consumer-focused private equity firm to begin fundraising efforts “as soon as possible,” according to court documents filed April 15 in Delaware chancery state court. Discussions for Kainos Fund III began in late June and early July 2018, well before Bradley discovered that Kainos executives had allegedly fraudulently deprived her of her 25 percent stake in Kainos Manager, the filing said. Bradley, in her answer to Kainos’ counterclaim, denied that she caused any “compensable harm” to Kaino with her lawsuit and that any “economic or reputational injury” to Kainos was caused by the defendant’s own conduct, the filing said. Bradley, who is still listed on the Kainos site as a partner, claimed in a Jan. 25 lawsuit that Kainos cofounders perpetrated a fraudulent scheme to steal her 25 percent stake in the firm’s investment manager, Kainos Capital.

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Symplr closes IntelliSoft Group buy

By Luisa Beltran — 4 days ago

Symplr said April 16 that it completed its buy of IntelliSoft Group. Financial terms weren’t announced. IntelliSoft, of Nashua, New Hampshire, provides medical credentialing, provider enrollment, and contract management software in combination with CVO services. Symplr is backed by Clearlake Capital Group and SkyKnight Capital.

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Silvercrest to acquire Cortina

By Iris Dorbian — 4 days ago

Silvercrest Asset Management Group, an investment adviser, has agreed to acquire Milwaukee-based Cortina Asset Management LLC, an asset manager. No financial terms were disclosed.

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Arlington hires Hays to lead Nashville team

By Iris Dorbian — 4 days ago

Arlington Family Offices has named Jeff Hays as president of its Nashville team. Hays was a founder of Cypress Capital, which was designed to help high-net worth investors. In 2017, he launched the inaugural Nashville group of TIGER 21, a membership organization for high-net-worth wealth creators. Based in Birmingham, Alabama, Arlington is a family office that provides services to a portfolio of 48 families in the U.S., Canada and Europe.

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TA Services completes Celadon Logistics acquisition

By Iris Dorbian — 4 days ago

TA Services Inc, PS Logistics‘ third-party logistics and brokerage unit, has acquired Indianapolis-based Celadon Logistics, a 3PL provider of managed transportation, supply chain and warehousing services. The seller was Celadon Group Inc. No financial terms were disclosed. PS Logistics is a portfolio company of One Equity Partners.

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