San Ramon, California-based Accela, a provider of civic engagement solutions for governments, has raised $143.5 in funding, the company announced in a statement.
H.I.G. Capital-backed Caraustar Industries, Inc., has completed the acquisition of The Newark Group Inc., which makes recycled paperboard, linerboard, industrial tubes, cores and other converted products. Financing for the deal was provided by Credit Suisse Securities (USA) LLC, Jefferies LLC, Wells Fargo Capital Finance and Regions Business Capital.
Philadelphia Energy Solutions, a joint venture part owned by Carlyle Group LP, filed with U.S. regulators for an initial public offering, Reuters reported.
Equity crowdfunding platform OurCrowd has named Anthony DeChellis as president. DeChellis is the former CEO of Private Banking Americas at Credit Suisse.
A survey finds that private equity has a slight edge over hedge funds in recruiting candidates from investment banks.
Lone Star Funds has agreed to acquire hotel brand Jurys Inn for a total consideration of 680 million pounds. The sellers are Oman Investment Fund, Mount Kellett Capital Management, Ulster Bank (part of the Royal Bank of Scotland), Westmont Hospitality Group and Avestus Capital Partners. The transaction is expected to close in the first quarter of this year. Credit Suisse and Eastdil Secured advised both Lone Star and the sellers.
Intervale Capital has promoted Jason Turowsky to principal, Phil Wilson to vice president and Kendal Reed to senior associate. The three are involved in deal sourcing, execution and portfolio company oversight. Turowsky joined Intervale in 2013 as a vice president from Falconhead Capital. Wilson joined in 2011 from Credit Suisse’s Global Industrials and Financial Institutions Group. Reed joined in 2012 from Piper Jaffray’s Clean Technology & Industrials Group.
Kelly Williams, a veteran limited partner, will take a step back as head of the highly successful customized funds-of-funds group that she co-founded, sources said.
Metaldyne Performance Group, which is owned by American Securities, has raised $150 million for its IPO after pricing its 10 million shares at $15 per share. The stock began trading Friday on the NYSE under the ticker symbol “MPG.” BofA Merrill Lynch, Goldman Sachs, Deutsche Bank Securities, Barclays Capital, Credit Suisse Securities (USA) and RBC Capital Markets are the lead underwriters. Headquartered in Plymouth, Michigan, MPG is a provider of powertrain components.
Invesco‘s distressed investment arm WL Ross & Co.,has expanded its team with two new hires, according to a spokesperson for the firm. Su Yeo has joined as a principal on the company’s investment team and Eric London has become a senior director on the investor relations team. Previously, Yeo worked at Morgan Stanley Principal Investments while London was a principal in Credit Suisse‘s customized fund investment group. Both are based in New York.
TierPoint has closed its previously announced buy of Xand from ABRY Partners. No financial terms were disclosed. DH Capital was financial advisor to ABRY and Xand while RBC Capital Markets and Credit Suisse will provide debt financing for the transaction. Headquartered in St. Louis, Missouri, Xand provides colocation, cloud, disaster recovery and managed services with six data centers in New York, Pennsylvania, Connecticut, and Massachusetts.
According to an SEC filing, LendingClub Corp. has priced 57.7 million shares of its IPO at between $10 and $12 a share. The stock will trade on the NYSE under the ticker symbol “LC.” Morgan Stanley, Goldman Sachs, Credit Suisse and Citigroup are the lead underwriters. Based in San Francisco, LendingClub is a peer-to-peer lending marketplace. Its backers include Norwest Venture Partners, Canaan Partners, Foundation Capital, KPCB and Morgenthaler Venture Partners.
TA Associates and Banco Leonardo are selling their stakes in DNCA Finance, CEO Eric Franc confirmed.
In Second Opinion, former Tinder execs are launching a competitor called Bumble, interns who code will be making bucks this summer and Americans now buy more craft beer than Budweiser.
The private equity owners of Hostess Brands LLC are planning to put the maker of Twinkies and Ding Dongs up for sale in early 2015, potentially valuing it at more than $1.7 billion, including debt.
Freshpet Inc, a U.S. maker of healthy food for cats and dogs, raised about $156 million in its initial public offering after its IPO was priced at $15 per share, above the expected price range of $12-$14, Reuters reported.
Cott Corp. has agreed to buy DSS Group, parent company of DS Services, which is backed by Crestview Partners. The price of the transaction is about $1.25 billion. Credit Suisse provided financial advice to Cott on the deal while Barclays was financial advisor to DSS. Headquartered in Atlanta, DS Services is a provider of bottled water, office coffee and water filtration services. The deal is expected to close by the end of January 2015.
Bridge Growth Partners has agreed to buy CRGT from Veritas Capital. No financial terms were disclosed for the deal, which is expected to close by the end of the year. Wells Fargo and Stifel Nicolaus provided financial advice to CRGT on the transaction while Credit Suisse advised Bridge Growth. Also, Kevin Parker of Bridge Growth will become the chairman of CRGT’s board of directors. Based in Reston, Virginia, CRGT is a provider of custom software development and data analytics to federal government agencies.