Angela Sormani
Find out the latest midweek news including JPMorgan inching towards its PE business sale, insights into Indiana and Maine investment fees and expenses, public PE firms finally putting in a good performance and a review of growth equity funds.
AppDynamics has secured $120 million in growth financing led by new investors Battery Ventures, ClearBridge Investments and Sands Capital. Existing investors Greylock Partners, Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers and Institutional Venture Partners also participated in the round. The $120 million includes $50 million in debt financing provided by Silicon Valley Bank. AppDynamics is an application intelligence provider.
Peerlyst has raised a $3 million seed round. The business is a social community for IT. The round was led by Hummer Winblad Venture Partners with additional funding from Illuminate Ventures.
SierraConstellation Partners has appointed Jeff Nerland as a senior director. Nerland is based in Los Angeles and reports to Lawrence Perkins, founder and CEO, and Winston Mar, managing director.
Cotton Creek Capital has appointed Alan Goldstein as an associate in the Austin office. Previously, Goldstein was an investment banking analyst at Jefferies Group in New York, specializing in mergers and acquisitions.
Behrman Capital has completed a $410 million refinancing for its portfolio company ILC Industries. The new credit facility is comprised of a $300 million first lien term loan, a $30 million revolving credit facility, and an $80 million second lien term loan.
Pamlico has backed DayNine Consulting. DayNine is a global Workday services partner. The business deploys and optimizes Workday Human Capital Management, Workday Payroll, Workday Financial Management, and Workday Recruiting for businesses of all sizes.
Guardian Capital Partners has raised $87.1 million for Guardian Capital Partners Fund II, over halfway towards its specified target of $150 million.
UK-based NorthEdge Capital has announced two promotions. Tom Rowley has become investment director and Phil Frame is investment manager.
Baring Private Equity Asia has acquired a stake in UK-based global lifestyle brand company, Cath Kidston, from its existing majority shareholder TA Associates and members of the company’s management team. Baring Asia will have equal ownership with TA.