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7 Mile Advisors taps Cowan as MD

Investment bank 7 Mile Advisors has named Steven Cowan as a managing director. In his new role, Cowan will lead 7 Mile Advisors’ newly formed energy and industrial services team. Cowan’s previous work background includes senior banking positions at Jefferies & Company, Deutsche Bank and Canaccord Genuity.

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Apax to acquire controlling stake in FULLBEAUTY Brands

Apax Partners has agreed to acquire a controlling stake in FULLBEAUTY Brands, a provider of plus-size apparel. The sellers are Charlesbank Capital Partners and Webster Capital; however, Charlesbank will retain a “substantial” ownership stake in FULLBEAUTY after the transaction closes. No financial terms were disclosed. J.P. Morgan Securities LLC and Jefferies provided financial advice to FULLBEAUTY, Charlesbank and Webster Capital while Deutsche Bank did likewise for Apax.

Departure from job
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Lead Deutsche Bank banker handling Ascensus auction quits

Jason Gurandiano, the lead Deutsche Bank banker handling J.C. Flowers & Co’s sale of Ascensus Inc, has quit, several sources said. However, the departure is not expected to delay the sale, which is now being handled by other members of the Deutsche Bank deal team, the sources said.

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BioLite picks up $5 mln

New York City-based BioLite, a social enterprise that provides consumer energy products for off-grid communities, has secured $5 million in funding. The investors included Acumen, Clif White Road Investments, RRE Ventures, the Disruptive Innovation Fund, Deutsche Bank and USAID. In addition to the funding, Acumen’s Sachin Rudra has been named to BioLite’s board of directors.

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Madison Dearborn to acquire Patterson Medical for about $715 mln

Madison Dearborn Partners has agreed to buy Patterson Companies Inc‘s medical business Patterson Medical for about $715 million in cash. The transaction is expected to be completed in the fiscal second quarter. BofA Merrill Lynch served as financial advisor to Patterson Companies while Barclays and Deutsche Bank advised MDP.

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Pollack joins Blackstone’s real estate group

The Blackstone Group said Monday that Jonathan Pollack has joined the firm as a Senior Managing Director in its Real Estate Group. Pollack was previously a Managing Director and Global Head of Commercial Real Estate, as well as Head of Risk for Structured Finance, at Deutsche Bank.

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PE HUB First Read

First Read ushers in your morning with news that Apple Music is facing antitrust scrutiny, Tokio Marine plans on acquiring HCC Insurance for $7.5 billion and a new survey says Google is the most attractive employer among European business students.

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PE HUB First Read

First Read starts off your week with news that GE is close to selling its private equity lending unit to Canada Pension Plan Investment Board, Deutsche Bank co-CEOS quit and food delivery startup Delivery Hero snags funding that gives it a $3.1 billion valuation.

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peHUB Second Opinion

In Second Opinion, EMC agrees to acquire Virtustream for $1.2 billion, a new report says the billionaire boom may be waning and Pizza Hut and Taco Bell are planning to remove artificial ingredients from their offerings.

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