Levine Leichtman Capital exits Dexter Magnetic

Levine Leichtman Capital Partners said Monday it closed the sale of Dexter Magnetic Technologies to Robert Family Holdings Inc. Financial terms weren’t announced. Elk Grove Village, Illinois-based Dexter designs, makes and provides highly-engineered magnetic solutions. Lazard Middle Market LLC advised Dexter.


Genstar Capital completes Telestream acquisition

Thoma Bravo has closed its sale of Telestream to Genstar Capital. No financial terms were disclosed. Lazard provided financial advice to Telestream on the transaction. Based in Nevada City, California, Telestream is a provider of live and on-demand digital video tools and workflow 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.


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.


Alibaba IPO legal fees dwarf Facebook’s: Reuters

Alibaba Group Holding Ltd disclosed on Friday that it would pay $15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago.


Thoma Bravo completes Sparta Systems acquisition

Thoma Bravo said Monday that it has closed its buy of Sparta Systems. No financial terms were disclosed. Summit Partners and Altaris Capital Partners were the sellers. Lazard was the financial adviser on the transaction. Headquartered in Hamilton, NJ, Sparta Systems is a provider of enterprise quality management solutions.


D.A. Davidson expands Chicago team with new hire

Investment firm D.A Davidson & Co. has named Craig Korte as a managing director to the firm’s Chicago office. In his new position, Korte will focus on middle market industrial firms. Previously, Korte worked at Lazard where he served as a director in the firm’s middle market industrials group.


New Capital Partners hits $232 mln hard cap on Fund III

New Capital Partners has closed its third fund, New Capital Partners Private Equity Fund III, on the $232 million hard cap. Fund III beat its $200 million original target. The Birmingham, Alabama-based firm launched fundraising in March, 2014. Lazard worked as placement agent on the fundraising.


BTIG adds two to team and promotes one

Global financial services firm BTIG has named William Buchanan, Jr. as head of investment banking and Graham Powis as head of capital markets. Prior to joining BTIG, both worked at Lazard with Buchanan serving as CEO of capital markets and Powls working as head of U.S. equity capital markets. Also, the firm has promoted K.C. Stone to head of healthcare investment banking. Stone first came on board at BTIG as a managing director.


Thoma Bravo agrees to buy Sparta Systems

Thoma Bravo has agreed to acquire Sparta Systems from Summit Partners and Altaris Capital Partners. No financial terms were disclosed for the transaction, which is expected to be completed in the third quarter of this year. Lazard was financial advisor to Sparta Systems. Headquartered in Hamilton, NJ, Sparta Systems is a provider of enterprise quality management solutions.


HCP to divest stake in NYX Cosmetics to L’Oreal

HCP & Company has agreed to sell its stake in makeup brand NYX Cosmetics to L’Oreal. No financial terms were disclosed. Piper Jaffray and Morgan, Lewis & Bockius advised NYX Cosmetics and HCP while Lazard and Weil, Gotshal and Manges advised L’Oreal.


Blue Sea Capital closes debut fund on $327 mln

Blue Sea Capital, a spin out from Brockway Moran & Partners, has closed its debut fund on $327 million. About 10 percent of the capital came from the general partner and affiliates. Blue Sea, based in Palm Beach, Florida with an office in El Segundo, California, closed its first fund within 12 months and beat its $300 million target. Lazard Freres & Co. worked as placement agent on the fundraising.

Insight Venture Partners invests in WorkForce Software

Insight Venture Partners has acquired a majority stake in WorkForce Software. No financial terms were disclosed. In addition to the investment, Ryan Hinkle, managing director at Insight Venture Partners and Ross Devor, vice president, have been added to the WorkForce board of directors. Lazard advised Workforce on the transaction. Headquartered in Livonia, Michigan, Workforce Software is a provider of workforce management solutions.

Rockwood to Sell Clay Based Additives Business

Rockwood Holdings is to sell its clay-based additives business to ALTANA Group, a German based global specialty chemical company for a purchase price of $635 million. Lazard acted as Rockwood’s financial advisor and Hughes Hubbard & Reed LLP and Willkie Farr & Gallagher LLP as legal advisors.

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