Evercore recruits Andrews as a senior managing director

Evercore has hired David Andrews as a senior managing director in its investment banking business. Andrews will work in Evercore’s energy group. Previously, Andrews worked at Deutsche Bank where he served as a managing director and head of oilfield services coverage.


Madison Dearborn Partners to acquire Walgreens Infusion Services

Madison Dearborn Partners has agreed to buy a majority stake in Walgreens Infusion Services, a provider of home and alternate treatment site infusion services. No financial terms were disclosed for the transaction that is expected to close during the second quarter of calendar 2015. BofA Merrill Lynch provided financial advice to Walgreen Co. while Barclays, Deutsche Bank and Goldman Sachs advised MDP.


TCV promotes two to GP and one to principal

Technology Crossover Ventures has promoted Ted Coons and Daniel O’Keefe to general partners and Sean Giese to principal. Coons and O’Keefe are based in New York while Giese is in the firm’s Palo Alto, Calif. headquarters. Prior to joining TCV, Coons was a managing director at Blackstone; O’Keefe was a principal at North Bridge and a senior vice president at Pequot Capital; and Giese worked at Deutsche Bank in the tech M&A group.


peHUB First Read

First Read navigates the Nor’easter with news Deutsche Bank has been charged with tax fraud, diversity slowly grows in the venture capital world and the price of oil just keeps falling.


Vista completes NAVEX acquisition from Riverside

Vista Equity Partners has closed its buy of NAVEX from Riverside. No financial terms were disclosed. Deloitte, Deutsche Bank, Jones Day and Piper Jaffray advised Riverside on the transaction. Based in Lake Oswego, Oregon, NAVEX is a provider of governance, risk and compliance solutions.


Investindustrial to acquire majority stake in Goldcar

Investindustrial has agreed to buy a 80 percent stake in Goldcar, a Spain-based holiday car rental firm. The founders and sellers will retain the remaining 20 percent stake. No financial terms were disclosed; however, Deutsche Bank provided the financing while JP Morgan and Lazard served as financial advisors. The deal is expected to be completed in the second half of December 2014.


Golden Gate agrees to $1.2 bln acquisition of ANGUS Chemical

Golden Gate Capital has agreed to acquire ANGUS Chemical Company from The Dow Chemical Company for about $1.2 billion. ANGUS makes chemicals used to enhance products in industries like paints and coatings, life sciences, biopharmaceuticals, metalworking, personal care, water treatement and oil and gas. JPMorgan Securities is financial advisor for Golden Gate, and JPMorgan Securities, Morgan Stanley and Deutsche Bank are providing financing for the deal.


PE-owned Novolex to buy Packaging Dynamics

Novolex, which is owned by Wind Point Partners, has agreed to buy Packaging Dynamics, a provider of flexible packaging solutions. No financial terms were disclosed. The deal is expected to be completed in the fourth quarter of this year. Deutsche Bank, BMO Capital Markets, DLA Piper and Nelson, Mullins, Riley & Scarborough advised Wind Point on the transaction while Harris Williams and Ropes & Gray advised Packaging Dynamics. Kohlberg & Company currently owns Packaging Dynamics.


Vista to buy NAVEX Global

Vista Equity Partners will be acquiring NAVEX Global, a provider of ethics and compliance solutions. No financial terms were disclosed for the deal that’s expected to close later this year. Deutsche Bank and Piper Jaffray are advising NAVEX Global on the transaction.


Apax Partners to acquire Dutch software firm Exact

Apax Partners has agreed to buy Exact Holding for 730 million euros, the latter firm confirmed on its site. Rothschild and Lazard are providing financial advice to Exact on the transaction while Leonardo & Co., RBC Capital Markets, Deutsche Bank and ING Corporate Finance are serving as financial advisors to Apax. Based in The Netherlands, Exact is a business software provider. To read the announcement, visit here.


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.


VC-backed CyberArk Software debuts IPO

CyberArk Software, an Israeli provider of cybersecurity solutions, has launched its IPO of 5.36 million shares at $16 per share. The stock began trading Wednesday on the NASDAQ under the ticker symbol “CYBR.” J.P. Morgan Securities and Deutsche Bank Securities are serving as lead underwriters. The company’s backers include Jerusalem Venture Partners, Goldman Sachs and Vertex Venture Capital.

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