Aequitas Capital expands capital markets capabilities with two hires

Aequitas Capital has expanded its capital markets team. The firm hired Jeff Mazer, a former Bank of America Merrill Lynch executive, as senior managing director of capital markets and treasury. He will be responsible for managing the firm’s portfolio of investment offerings, executing senior and junior debt and credit strategies and working as an advisor to executive management. The firm also brought on Katya Baron as a managing director of capital markets. Baron previously worked at Sterne Agee, Gleacher, Barclays Capital and J.P. Morgan Securities.

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Thoma Bravo buys iPipeline

Thoma Bravo has acquired Exton, Pennsylvania-based iPipeline, a tech provider of cloud-based software solutions for the life insurance sector. The sellers were NewSpring Capital, Technology Crossover Ventures and Volition Capital. No financial terms were disclosed. Golub Capital and Ares Capital Corp provided funding for the deal. Credit Suisse was the lead financial advisor to iPipeline on the transaction while Bank of America Merrill Lynch and William Blair served as co-advisors.

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Liberty Hall buys LaCroix

Liberty Hall Capital Partners has acquired Kent, Washington-based LaCroix Industries Inc, an aerospace components provider. No financial terms were disclosed. Bank of America Merrill Lynch provided the financing for the transaction. Cascadia Capital and Hillis Clark Martin & Peterson advised LaCroix on the deal.

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Evercore expands team with new hire

Evercore has hired Edmund D. Baxter as a senior managing director in its healthcare group. Prior to joining Evercore, Baxter worked at Bank of America Merrill Lynch where he served as a senior managing director.

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Goldsmith teams up with Stone Point to form Cross Ocean Partners

Graham Goldsmith and Stone Point Capital have launched Cross Ocean Partners, an asset management platform focused on stressed and distressed credit investment opportunities. Goldsmith, Stone Point and management provided $240 million to Cross Ocean. A former head of global credit and special situations at Bank of America Merrill Lynch, Goldsmith will serve as Cross Ocean’s CEO and co-chief investment officer. In addition to the launch, Cross Ocean has acquired Capula Investment Management‘s European special situations business. No financial terms were disclosed. Barclays provided financial advice to Capula on the transaction.

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BofA creates new private capital group: Reuters

Bank of America Merrill Lynch has formed a new unit called the strategic & private capital solutions group, which will focus on raising money for private companies, according to an internal memo seen by IFR.

Maranon adds principal to team and promotes another to VP

Maranon Capital has added Theresa D. Mozzocci as a principal and promoted Andrew C. Eshelman to vice president. Mozzocci’s previous work experience includes stints at Cantor Fitzgerald Investment Advisors and Crestline Investors. And, prior to joining Maranon, Eshelman worked at Bank of America Merrill Lynch’s investment banking group.

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Apax Partners offers to buy Norwegian IT firm EVRY

Apax Partners has agreed to make a cash offer of 16 kroner per share for EVRY. ABG Sundal Collier is serving as financial advisor to EVRY while Bank of America Merrill Lynch and DNB Markets are financial advisors to Apax. Based in Norway, EVRY is an IT services provider.

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Sikich Investment Banking boosts capital markets team with a hire

Sikich Investment Banking has hired Ryan Hampton as a director on its capital markets team. Previously, Hampton worked at Clark Dodge & Company/Advanced Equities where he served as vice president of investment banking. He is also a former vice president at Bank of America Merrill Lynch.

caution
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Lenders cowed by Fed rebuke on US leveraged loans: IFR

The Federal Reserve’s rebuke to Credit Suisse for failing to adhere to US leveraged lending guidelines is having an industry-wide effect as banks bow to regulatory pressures and start pulling back from underwriting highly leveraged loans, according to sister magazine Reuters IFR.

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Context Relevant nabs $13.5 mln

Context Relevant has raised $13.5 million in Series B-1 funding. The investors were Goldman Sachs, Bank of America Merrill Lynch, Formation 8, New York Life and Bloomberg Beta. In addition to the funding, Don Duet, global co-head of Goldman Sachs’ technology division, has been added to Context Relevant’s advisory board. Based in Seattle, Context Relevant is a provider of predictive analytics.

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Brown Jordan buys Tropitone Furniture

Brown Jordan International, which is backed by Crescent Capital Group, said Monday it has acquired Tropitone Furniture. Financial terms weren’t announced. Pfingsten Partners, in 2007, led a buyout of Tropitone, a seller of outdoor casual furniture. The deal was financed by cash on hand as well as debt financing from AIG Investments and Bank of America Merrill Lynch. Moelis & Company was the financial advisor and debt placement agent to Brown Jordan. Intrepid Investment Bankers advised Tropitone.

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SunTrust Robinson Humphrey hires four to capital markets team

SunTrust Robinson Humphrey has hired four finance industry executives to its capital markets team. The firm hired Ron Caldwell and Akis Psarris as managing directors, and Ricardo Simon and Matt Holbrook as directors. Caldwell joins SunTrust Robinson as head of Healthcare Syndicated & Leveraged Finance after 14 years at Bank of America Merrill Lynch. Psarris has joined the firm’s Liability Management practice from Lloyds Bank. Simon, who will head up SunTrust Robinson’s Commercial Real Estate & REIT Syndicated Finance practice, came from Wells Fargo, and Holbrook joins the Syndicated & Leveraged Finance group from Bank of America Merrill Lynch.

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