Eamon Murphy
New York-based private equity firm Harvest Partners, LP and Audax Private Equity completed a recapitalization of Advanced Dermatology & Cosmetic Surgery, a nationwide practice management company headquartered in Maitland, Florida. Audax, the previous investor, and the company's management team will retain minority stakes. Terms of the deal were not disclosed.
Genstar Capital acquired Accruent, a provider of real estate and facilities management software headquartered in Austin. Genstar, which is based in San Francisco, targets investments in the software, healthcare, financial services, and industrial technology sectors.
Samsung Catalyst Fund led a $20.3 million Series A financing in Afero, a secure platform for cloud-connected devices. Also participating were Fenox Venture Capital, SoftBank Group Corp., Presidio Ventures, Sanshin Electronics Co. Ltd., Robert Dobkin, and Assembly Partners.
Independent private investment company Ardian entered negotiations for the acquisition of Hypred, a subsidiary of the Roullier Group. Founded in 1985, Hypred is a European supplier of hygiene products for the food and agriculture industries.
Summit Park sold NSi Industries to Blue Sea Capital for an undisclosed amount. Headquartered in Huntersville, North Carolina, NSi supplies electrical connectors for construction and repair applications.
To wrap up your Tuesday, BlackRock's leader is worried about China, while in the U.S. Obamacare appears to be working, at least by one measure.
Greenfield Cities Holdings, L.P., a TPG Growth portfolio company, led a $14.9 million Series A funding round in cloud security provider Avanan Inc. This is the first investment by Greenfield Cities, a joint venture between TPG Growth and technology investor Yuda Doran. The firm intends to focus on Israel-based companies looking to expand globally. Existing investors Magma VC and StageOne Ventures also participated in the round, bringing Avanan's total capital raised to $16.4 million.
WorldQuant Ventures LLC invested an undisclosed amount in True Anthem, a tool for social media analytics and amplification. WorldQuant Ventures, an angel firm founded in 2014 as a private investment vehicle for founder Igor Tulchinsky, focuses on data and finance companies. Correction: WorldQuant Ventures is a legally separate entity from WorldQuant, LLC. This post has been updated to clarify that distinction.
Hercules Funding, LLC secured a $6.5 million loan from AloStar. Hercules provides venture funding to firms including technology and life sciences companies.
Spark Capital and Accomplice led a $3 million seed round in Nift, a network that allows business owners to reward customers with gifts to other neighborhood establishments. Founded in Brookline, Massachusetts, Nift currently operates in the Boston area.