Riverside acquires Chilton as an add-on

The Riverside Company has acquired food safety company Chilton Consulting Group as an add-on to its Alchemy Systems platform. No financial terms were disclosed. Jones Day and Deloitte advised Riverside on the transaction while Wells Fargo provided the financing.


Veritas Capital to sell CRGT to Bridge Growth

Bridge Growth Partners has agreed to buy CRGT from Veritas Capital. No financial terms were disclosed for the deal, which is expected to close by the end of the year. Wells Fargo and Stifel Nicolaus provided financial advice to CRGT on the transaction while Credit Suisse advised Bridge Growth. Also, Kevin Parker of Bridge Growth will become the chairman of CRGT’s board of directors. Based in Reston, Virginia, CRGT is a provider of custom software development and data analytics to federal government agencies.


IMatchative picks up $20 mln Series B

San Francisco-based IMatchative, which specializes in data aggregation and analysis in addition to behavioral psychology and algorithms, has secured $20 million in Series B funding. The investors included Wells Fargo, Control Empresarial de Capitales, S.A. de C.V., controlled by Carlos Slim, David Bonderman, founding partner of TPG Capital and Whitebox CEO Andy Redleaf. Sterne, Agee & Leach, provided financial advice to IMatchative on the Series B funding round.


PE-backed Fairmount Santrol debuts IPO

Fairmount Santrol, which is backed by American Securities, has raised $400 million for its IPO after pricing its 25 million shares at $16 per share. The stock began trading Friday on the NYSE under the ticker symbol “FMSA.” Among the underwriters are Morgan Stanley, Wells Fargo, Barclays and Goldman Sachs. Based in Chesterland, Ohio, Fairmount Santrol is a provider of sand-based products for oil and gas exploration and production companies.


Lenders cowed by Fed rebuke on US leveraged loans: IFR

The Federal Reserve’s rebuke to Credit Suisse for failing to adhere to US leveraged lending guidelines is having an industry-wide effect as banks bow to regulatory pressures and start pulling back from underwriting highly leveraged loans, according to sister magazine Reuters IFR.


EyeVerify completes Series A funding with more than $6 mln

EyeVerify, which developed a biometric technology that eliminates passwords on smart devices, has completed a Series A funding round of more than $6 million. The funding included participation of companies including Qihoo 360, Sprint and Wells Fargo. EyeVerify’s current investors also joined in the funding round.


Janney Montgomery Scott beefs up team with two hires

Financial services firm Janney Montgomery Scott has named Michael Lynfield as first vice president of investments at its Fairfield, Conn. branch. He will be joined by Mike Kozik and both will form the Lynfield Kozik Investment Group. Previously, Lynfield worked at Wells Fargo Bank where he was a senior vice president while Kozik worked at Wells Fargo Advisors.


SunTrust Robinson Humphrey hires four to capital markets team

SunTrust Robinson Humphrey has hired four finance industry executives to its capital markets team. The firm hired Ron Caldwell and Akis Psarris as managing directors, and Ricardo Simon and Matt Holbrook as directors. Caldwell joins SunTrust Robinson as head of Healthcare Syndicated & Leveraged Finance after 14 years at Bank of America Merrill Lynch. Psarris has joined the firm’s Liability Management practice from Lloyds Bank. Simon, who will head up SunTrust Robinson’s Commercial Real Estate & REIT Syndicated Finance practice, came from Wells Fargo, and Holbrook joins the Syndicated & Leveraged Finance group from Bank of America Merrill Lynch.


Buyout loan trends may reflect Fed, OCC disparities: TRLPC

Scrutiny by U.S. regulators is reshaping the leveraged loan market as bankers complain that the Office of the Comptroller of the Currency enforces leveraged lending guidance more stringently than the Federal Reserve, sister service Thomson Reuters Loan Pricing Corp reports.

Reuters – Wells Fargo Ramps Up PE Despite Volcker Rule

Wells Fargo is ramping up its private equity business in spite of the Volcker Rule, writes Reuters. The bank invests in buyouts and venture capital deals largely on its own, with capital only from Wells Fargo itself and some employees, writes Reuters.

new dawn

peHUB First Read

This morning find out more about the rise and rise of the angels; KKR’s interest in Geon and meet 14 new Rock Health start-ups.

Carlyle Group Closes $620 Million CLO

The Carlyle Group has closed a $620 million collateralized loan obligation (CLO) fund, the firm’s fourth new-issue CLO in less than a year. Carlyle Global Market Strategies CLO 2012-4 will invest in corporate leveraged loans and high yield bonds. Wells Fargo arranged the transaction.

PE HUB Community

Join the 12514 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget