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Riverside promotes Tsang to partner

The Riverside Company has promoted Peter Tsang to partner. Tsang, who is based in the firm’s San Francisco office, joined the staff in 2004. His work background includes stints an an investment banking analyst at Houlihan Lokey Howard & Zukin and as a staff auditor at Ernst & Young.

Kielhorn joins Tonka Bay Equity Partners

Tonka Bay Equity Partners LLC said Monday that Kam Kielhorn has joined as an Investment Associate. Kielhorn was previously a manager in the Transaction Advisory practice of Ernst & Young.

Green Cross and POSCO Capital leads $13.5 mln round for Juventas Therapeutics

Cleveland-based Juventas Therapeutics, a biotech company that is developing non-viral gene therapies that treat advanced cardiovascular diseases, has raised $13.5 million in Series B-2 funding. Green Cross Holdings and POSCO Capital led the round. Also, Juventas has received $6 million in debt funding from Oxford Finance and may get $9 million more “if specific milestones are met.” In addition to the financing, Juventas has named James Boland, Ernst & Young‘s retired vice chairman, to its board of directors. Boland is also former president and CEO of the Cleveland Cavaliers.

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Riverside acquires Drex-Chem Malaysia

Riverside has bought Drex-Chem Malaysia, a specialty chemical distributor based near Kuala Lumpur. No financial terms were disclosed. HSBC provided financing for the transaction while Jones Day, Ernst & Young and DistriConsult served as advisors to Riverside.

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Trending on peHUB this week: Is an MBA really worth it? Expert advice for your PE career. And job openings at Alliance Bernstein, Silicon Valley Bank and Vista Equity.

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Trending on peHUB this week: Blackstone is raising its second “tactical opportunities” fund, fears of a correction in the secondaries market, and Fortress, GE Capital and SBJ are looking for talent.

PE-backed NRC completes Sureclean acquisition

National Response Corp., a portfolio company of J.F. Lehman & Company, has completed its acquisition of Sureclean Limited. No financial terms were disclosed. BNP Paribas Securities Corp arranged senior debt financing for the deal while Ernst & Young served as financial advisor to NRC. Based in the UK, Sureclean is a provider of specialty environmental and industrial solutions.

Dunedin’s Hawksford Appoints New CEO

Hawksford, an independent trust company which is backed by UK mid-market private equity firm Dunedin, has appointed Maxine Rawlins, a partner at Ernst & Young, to the position of chief executive from 2014 when the incumbent chief executive, Peter Murley, retires. A partner at Ernst & Young in Jersey, Rawlins currently leads the Channel Islands Tax Practice and is Head of EMEIA Asset Management Tax.

Advised by Clearsight Advisors, Semphonic’s Sale to Ernst & Young is Completed

Ernst & Young has completed its acquisition of Semphonic, a digital measurement and data analytics consulting firm. The merchant bank Clearsight Advisors served as the exclusive strategic and financial advisor to Semphonic, the firm announced today. PRESS RELEASE: Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the successful completion of a strategic transaction in the […]

Apax Partners Completes Cole Haan Acquisition

Apax Partners has completed the previously announced acquisition of Cole Haan, a designer and retailer of premium footwear and related accessories, from NIKE. Jefferies & Company acted as financial advisor and provided financing to Apax. Kirkland & Ellis LLP provided legal advice and Ernst & Young provided accounting and tax advice.

Reuters – AA Owners Hire Ernst & Young to Value Business

The owners of the AA have hired accountants Ernst & Young to begin work on valuing the 107-year-old motoring services company, writes Reuters. The process could see the AA eventually sold or floated on the stock market for as much as 5 billion pounds ($8.1 billion), writes Reuters. Acromas is backed by Charterhouse, CVC and Permira and was formed in 2007 through a 6.1 billion pound merger of AA and Saga.

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