Chris Witkowsky

Generation Partners is partnering with media company Gannett Co. to spin out digital media business Captivate Network into a separate company co-owned by Gannett and Generation Partners. No financial details of the transaction were disclosed. Marc Kidd has been named Captivate's CEO.

Kohlberg Kravis Roberts and Panasonic Corporation will become joint partners of Panasonic Healthcare in a transaction valued at about $1.67 billion. KKR will own 80 percent of outstanding shares and Panasonic Corporation will own 20 percent. Panasonic and KKR will cooperate in the management of Panasonic Healthcare.

The Carlyle Group announced a minority investment in Beats Electronics, the audio brand co-founded by Dr. Dre and Interscope Geffen A&M Chairman Jimmy Iovine. Terms of the investment were not disclosed. Carlyle will work with Beats' management to expand the brand and build the business domestically and internationally.

Patton Boggs has hired the former chair of the private equity practice in the Dallas office of Locke Lord, Gina Betts. She is joined by Brad Hogan, a former associate in the Dallas office of Baker & McKenzie, where he worked in M&A, securities and corporate governance.

BIND Therapeutics, a biopharmaceutical company with venture backing, raised $70.5 million before underwriting discounts and commissions in its initial public offering of 4,700,000 shares priced at $15 per share.

Ares Capital Corporation, a specialty lender to U.S. middle market companies and private equity sponsors, plans to offer 11 mln shares of its common stock. Ares Capital will use net proceeds to repay debt and for general corporate purposes including investing in portfolio companies.

Heat Biologics, a developer of cancer immunotherapies, has named Louis Bock, a partner at Scale Venture Partners, to its board of directors. Heat Biologics held an initial public offering earlier this year in which it raised $25 million.