Strattam Capital agrees to buy majority stake in Trax Technologies

Strattam Capital has agreed to acquire a majority stake in Trax Technologies, Inc, which provides a global logistics software as a service platform. Strattam will make the investment alongside Trax’s management team, led by founder and chief executive J. Scott Nelson. Strattam will pay an undisclosed price for the stake, as well as provide an additional $10 million growth capital investment in the company.


H.I.G. Capital completes The Newark Group add-on

H.I.G. Capital-backed Caraustar Industries, Inc., has completed the acquisition of The Newark Group Inc., which makes recycled paperboard, linerboard, industrial tubes, cores and other converted products. Financing for the deal was provided by Credit Suisse Securities (USA) LLC, Jefferies LLC, Wells Fargo Capital Finance and Regions Business Capital.


The state of private equity

With an economy displaying year-over-year growth, it is time to broaden our focus from preventing the re-occurrence of what went wrong, and incent the business models, like private equity, that have moved us in the right direction.


Hormel Foods nears deal for Applegate Farms: Reuters

Hormel Foods Corp (HRL.N) is in late-stage talks to acquire Swander Pace-backed Applegate Farms LLC, a privately held producer of organic hot dogs, bacon and sausages, to enhance its branded protein offerings, according to people familiar with the matter.

Fortress agrees to buy Rihga Royal Hotel Kyoto

Fortress Investment Group has agreed to buy the Rihga Royal Hotel Kyoto from Royal Hotel, Ltd. Fortress plans to invest significant capital in facilities and rooms. Fortress expects to close the acquisition in the first quarter of 2015.


Wing Venture Capital hires The Economist writer Martin Giles

Wing Venture Capital has hired Martin Giles as partner, intellectual capital. Giles will start in March. Giles has been working as a technology writer for The Economist. In the new role, Giles will work on developing insight and research, some of which will be released publicly.

SK Capital hires executive from CI Capital as CFO

SK Capital Partners has hired Jerry Truzzolino as chief financial officer from CI Capital Partners. Truzzolino previously worked at Neuberger Berman as senior vice president and co-head of the finance group. The firm also promoted Philip Marxen to principal from vice president. Marxen joined SK Capital in early 2014.

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