CI Capital sells KIK to Centerbridge

CI Capital Partners has closed its previously announced sale of KIK Custom Products to Centerbridge Partners. No financial terms were disclosed. Morgan Stanley & Co LLC and Rothschild served as financial advisors to KIK on the transaction. Based in Ontario, KIK makes consumer packaged goods for brands and retailers.


Investor group buys LP stakes in Palamon funds, commits new capital

Adams Street Partners, Goldman Sachs, Morgan Stanley, PGGM and the Rothschild Merchant Banking Group bought LP stakes in Palamon European Equity Funds I and II as part of a tender offer process. The investor group also committed new capital into a vehicle that will invest alongside Palamon Auxiliary Partnership 2013. Credit Suisse ran the process. The two newer vehicles have committed to the purchase of Currencies Direct in partnership with Corsair Capital.


PE HUB Second Opinion

In Second Opinion, J.P. Morgan, Goldman Sachs and Morgan Stanley are reportedly forming a data company, VAIO computers minus Sony branding are returning to the U.S. and according to a new study, social networks aren’t drawing in American adults like they used to.

LAM expands team with new hire

Lebenthal Asset Management LLC has named Barbara Doran as a portfolio manager. She is a former senior portfolio manager and wealth advisor at Morgan Stanley.

Esmie joins Stonegate Global

Stonegate Global said Tuesday that David Esmie has joined as Head of Operations in the company’s Atlanta headquarters. He will oversee Stonegate’s fund administration services business. Esmie is a former senior executive at Morgan Stanley Fund Administration and Equinoxe Fund Services.


Genstar Capital appoints Clark as president

Genstar Capital has named J. Ryan Clark as president. Clark has been with Genstar since 2004; in 2011, he was appointed managing director. Prior to joining the firm, Clark worked at Hellman & Friedman LLC and Morgan Stanley.


Ontario Teachers’ to sell majority stake in Alliance to BDT

BDT Capital Partners LLC has agreed to acquire a majority stake in Alliance Laundry Systems from Ontario Teachers’ Pension Plan. No financial terms were disclosed. After the deal closes, Ontario Teachers’ will retain a minority stake in Alliance. Morgan Stanley & Co. LLC, BMO Capital Markets Corp. and Bank of America N.A. provided financial advice to Alliance on the transaction. Alliance is a maker of commercial laundry equipment.


VC-backed security data provider Rapid7 goes public

Security data and analytics provider Rapid7 has debuted its IPO after pricing its 6.45 million shares at $16 per share. The stock began trading Friday on the NASDAQ under the ticker symbol “RPD.” Morgan Stanley & Co. LLC and Barclays Capital Inc are serving as the lead underwriters. Rapid7 is backed by Bain Capital and Technology Crossover Ventures.


Thoma Bravo ups two to principal

Thoma Bravo has promoted Arvindh Kumar and Chip Virnig to principal. Previously, Kumar and Virnig were vice presidents. Prior to joining Thoma Bravo, Kumar worked at a number of firms that included Prospect Capital Management, BC Partners and Morgan Stanley while Virnig worked in Merrill Lynch & Co’s investment banking group.


PE-owned NEP files for IPO

Pittsburgh-based mobile teleproduction services provider NEP Group Inc has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. The company plans on listing the stock on the New York Stock Exchange under the ticker symbol “NEPG.” Barclays and Morgan Stanley are serving as the lead underwriters. NEP is owned by Crestview Partners.


KKR to sell Capital Safety to 3M

3M has agreed to buy Capital Safety from KKR. The deal is valued at $2.5 billion. Morgan Stanley served as financial advisor to 3M on the transaction while Goldman Sachs was financial advisor to KKR. Based in Bloomington, Minnesota, Capital Safety is a provider of fall proteciton equipment.

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