Platte River Equity buys Profile Products

Platte River Equity has acquired Profile Products LLC, which makes and markets products designed to minimize soil loss and accelerate seed germination. Platte River invested alongside management. The firm used capital from its third fund, Platte River Equity III, LP, to buy the company.


SEC charges Atlanta firm over public pension funds: Reuters

The U.S. Securities and Exchange Commission on Thursday announced fraud charges against an Atlanta-based investment advisory firm and two of its executives for their handling of the city’s pension funds for police, firefighters, transit workers and other employees.


The pendulum swings back

As well performing and highly sought-after GPs run through fundraising in an increasingly friendly market, LPs have seen a weakening of governance standards in fund documents.


Stella Point Capital invests $55 mln in Rightpoint

Stella Point Capital invested $55 million in Chicago-based Rightpoint, a digital agency and technology consultant. Rightpoint’s co-founders Ross Freedman and Brad Schneider, and the company’s leadership team will stay in place.


Comvest, CapX win bankruptcy auction to buy Karmaloop

A Delaware bankruptcy court judge authorized Comvest Partners and CapX Partners to buy all of online clothing retailer Karmaloop, Inc’s business out of bankruptcy. Karmaloop’s businesses include karmaloop.com, PLNDR, Kazbah and Karmaloop Europe. Comvest and CapX also will invest growth capital into the business. Comvest and CapX previously provided the company with a debtor-in-possession loan to support the business through bankruptcy.

Sidley Austin hires Simpson Thacher exec Dan Clivner

Sidley Austin LLP has hired Dan Clivner as co-managing partner of the Los Angeles office and a member of the mergers and acquisitions and private equity practices. Clivner joined Sidley Austin from Simpson Thacher & Bartlett LLP, where he worked as the Los Angeles managing partner since 1998.


DFW Capital-backed Triple-i adds-on Creative Computing Solutions

DFW Capital Partners-backed Information Innovators Inc (Triple-i), an information technology services business, has acquired Creative Computing Solutions Inc. DFW invested additional capital in the form of preferred equity and expanded Triple-i’s senior and subordinated debt facilities as part of the transaction.

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