Arlington Capital to sell Novetta to Carlyle

The Carlyle Group has agreed to acquire McLean, Virginia-based Novetta, a provider of advanced analytics solutions, from Arlington Capital Partners. No financial terms were disclosed. Morgan Stanley & Co LLC and Houlihan Lokey provided financial advice to Novetta and Arlington Capital Partners on the transaction while Jefferies was financial advisor to Carlyle.


UBS taps Goldman Sachs’ Justicz as MD

UBS has named Max Justicz as a managing director in its Americas Financial Sponsors group, the company announced today in a memo. Justicz will join UBS in the fall and be coming from Goldman Sachs. There he has served as primary coverage banker for various private equity firms and their portfolio companies that include Carlyle, CVC Capital, BC Partners, Permira, Riverstone, Silver Lake, Jordan, New Mountain Capital, Oak Hill and CCMP Capital.


Rush of dividend loans for US private equity firms: Reuters

Private equity firms are borrowing to finance dividend payments from portfolio companies at the highest rate since the third quarter of 2013, according to Thomson Reuters LPC data, as a lack of new buyout deals leaves asset-hungry high-yield investors with few other lending options, Reuters reported.


Cowen to buy Conifer Securities

Cowen Group has agreed to acquire Conifer Securities LLC, the prime services unit of Carlyle-backed Conifer Financial Services LLC. No financial terms were disclosed for the deal that’s expected to be completed in the third quarter of this year.


TIAA-CREF’s Churchill taps Carlyle’s Cox for senior MD and chief risk officer

TIAA-CREF subsidiary Churchill Asset Management LLC has named Christopher Cox as a senior managing director and chief risk officer. Prior to joining Churchill, Cox worked at The Carlyle Group where he served as a principal and chief risk officer at Carlyle GMS Finance. Based in New York, Churchill Asset Management is a provider of middle-market lending and senior debt financing.


PE HUB First Read

First Read starts off the week with news that escaped New York convict David Sweat was shot and captured, Element Financial Corp. agrees to buy the bulk of GE Capital’s fleet unit for $6.9 billion and Greece further spirals into turmoil as the country shuts down banks for six days.


PE-backed EPIC adds to team with new hire

Edgewood Partners Insurance Center, which is backed by The Carlyle Group and Stone Point Capital, has hired Myesha Lamison as director of benefits technology. Previously, Lamison worked at Zenefits where she served as a benefits program manager. Based in San Francisco, Edgewood Partners Insurance Center is a provider of retail property, casualty and employee benefits insurance.

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