Angela Sormani
Sentinel Capital Partners has sold Chase Industries, a manufacturer of high-quality, made-to-order impact traffic doors and specialty door systems. Terms of the deal were not disclosed.
This morning First Read brings you the latest on Blackstone's next TacOpps fund, how to create international value in private equity deals and why start-ups are burning too much cash.
Grocery Outlet is to be acquired by Hellman & Friedman and Grocery Outlet’s senior management team from its principal owner, Berkshire Partners. Terms of the transaction were not disclosed.
H.I.G. Capital has completed strategic investments in Grupo NZN and Click Jogos, both Brazil digital media businesses. As part of the transaction, NZN and Click Jogos will merge.
Strattam Capital has backed Doxim, a provider of customer communications management software to the financial services industry. Strattam is investing in partnership with Doxim’s current management team, led by founder and CEO Chris Rasmussen.
Providence Health & Services has launched a $150 million venture capital fund focused on healthcare.
Highland Consumer Partners has appointed retail executive Marty Hanaka as an operating partner. He most recently was the interim chief executive officer of Guitar Center from January 2013 to April 2013.
Beijing Shishang Renjia Networks Technology (Daojia) has completed a series D round of financing, raising $50 million. JD.com, a B2C e-commerce company in China and Macquarie Capital co-led the investment. The business is an online food ordering and delivery service provider in China.
Charlesbank Capital Partners has acquired HDT Global, a provider of solutions for government, military, commercial and industrial customers, based in Solon, Ohio. Charlesbank purchased the company from Metalmark Capital. The existing management team is making a significant co-investment in the transaction. Financial terms were not disclosed.
TrueAccord has closed $5 million in Series A funding led by Khosla Ventures and Caffeinated Capital's Raymond Tonsing, with participation from serial entrepreneur and venture capitalist Max Levchin, entrepreneur and Braintree founder Bryan Johnson, and Homebrew, among others. Created in 2013 by Silicon Valley tech veterans, TrueAccord is an automated debt recovery platform.