Angela Sormani
This Tuesday morning read all about Indiana and Iowa private equity fund performance, Harvard receiving its largest donation in history and a new dawn for first time funds.
This week on the jobs' board there are private equity associate, leveraged finance associate, private equity operations administrator, CFO and compliance officer positions up for grabs at Hastings Funds Management, NYC Office of the Comptroller, Oaktree Capital, Societe Generale, Trive Capital and The Guardian Life Insurance Company of America.
GlobalTranz has completed a $40 million Series C funding round by Providence Equity and Susquehanna Capital. GlobalTranz is a transportation management and logistics industry.
Ridgemont Equity Partners has backed Abrasive Products & Equipment, a distributor of surface preparation, remediation, abatement, safety, environmental and waterjet cutting products and solutions. Financial terms of the transaction were not disclosed.
Lob has secured $7 million in Series A financing. The round was led by Polaris Partners with First Round Capital, Floodgate and other investors participating. Lob is a cloud-based API platform.
Metric Capital Partners has backed Signalhorn to expand its global operations into new markets. Signalhorn provides secure, customized communication solutions using satellite, terrestrial and wireless connectivity from its technical centers in Backnang, Germany, and Leuk, Switzerland.
The Carlyle Group has closed Carlyle Asia Partners IV Fund at $3.9 billion. The fund is over 50 percent larger than its predecessor fund CAP III.
Standard Chartered Private Equity has acquired a minority stake in Al Jazeera Agricultural Company through an equity investment of $35 million. Al Jazeera is headquartered in Jordan and is a poultry and chicken feed producer and distributor.
Morgan Lewis has recruited David Ramm as a partner in its London business and finance practice. Ramm will focuses on private equity, venture capital and general mergers and acquisitions matters.
Elm Equity Partners has completed fundraising, which was substantially oversubscribed. The size of the fund was undisclosed. Elm Equity Partners will continue its investment strategy targeting lower middle market administrative services, technology, healthcare, and niche educational businesses with revenues of $5 to $50 million for control buyout transactions.