Aequitas Capital invests in Independence Bancshares

Aequitas Capital has invested in Independence Bancshares, Inc, a bank holding company developing technology around digital payments. The investment is part of the roughly $8.4 million funding raised by Independence Bancshares to expand its money transfer platform.

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Vector Capital-backed Technicolor to buy unit from Cisco

Vector Capital-backed Technicolor has agreed to buy the customer premises equipment business from Cisco for $600 million in cash and stock. Under terms of the agreement, Technicolor will pay about $450 million in cash and about $150 million in newly issued Technicolor shares. The two companies also are forming a strategic partnership to develop next generation video and broadband technologies.

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Sterling Partners acquires Hoffman Southwest Corp

Sterling Partners has acquired Hoffman Southwest Corp, which assesses and repair underground pipeline. Hoffman Southwest is the largest franchisee of Roto-Rooter in the U.S. The company’s existing management, including Mark Metcalfe and Monte Yoder, will continue to lead daily operations. The deal closed on July 13.

Gridiron Capital promotes Hausberg to managing director

Gridiron Capital has promoted William Hausberg to managing director. Hausberg is responsible for sourcing and evaluating investment opportunities, performing due diligence and participating in the structuring, negotiation, financing and closing of investments. He is a director on the boards of several Gridiron portfolio companies and assists the management of Motion Recruitment Partners, Counsel on Call, Performance Health and Dent Wizard. Prior to Gridiron, Hausberg worked at a middle market private equity firm, Before private equity, Hausberg worked as an analyst at Credit Suisse.

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Shorehill hires two

Shorehill Capital has hired Ann Brophy as vice president in business development and Ellen Sullivan as office manager. Brophy, who earned her M.B.A. from the University of Michigan, will be responsible for business development and investment sourcing initiatives. At Michigan, she served as co-president along with Greg Sanker of the Michigan Ross Private Equity club. Prior to Shorehill, Brophy worked at Huron Capital and S&P Capital IQ.

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