Eamon Murphy
Electrical Components International, Inc., a portfolio company of KPS Capital Partners, agreed to acquire Whitepath Fab Tech, Inc., which supplies components and assembly services to the heaving, ventilation and air conditioning industry. Financial terms were not disclosed. A syndicate of banks and institutional investors, led by BofA Merrill Lynch, will provide financing.
Private equity firm Pine Brook led a line of equity financing arrangement for Accelerate Resources Holdings, LLC, a Dallas-based E&P company pursuing energy assets in U.S. oil and gas basins. Accelerate president and CEO Brennan Potts has previously led business development for PE-backed energy companies, most recently Titanium Exploration Partners.
American Capital, Ltd. sold eLynx Holdings Inc. to Black Knight Financial Services, Inc. for $115 million. ELynx is a software platform for document and data sharing in the mortgage industry. Black Knight provides technology, data and analytics services for the mortgage loan lifecycle. Investment bank Lincoln International acted as financial advisor to American Capital and eLynx.
To wrap up your Monday, the Treasury Department finally spilled the beans on Saudi Arabia's ownership of U.S. debt. Google unveiled a new sharing feature, and Facebook moved to confront its competitor even more directly.
This week's top roles include a capital markets associate at Apollo, a VP for portfolio management at Carlyle and a VC business development manager at Amazon.
Virtual reality-focused venture capital firm Rothenberg Ventures agreed to provide an undisclosed amount of funding and strategic advice to VR engagement and delivery platform Zeality. Paraag Marathe, chief strategy officer and vice president of football operations for the San Francisco 49ers, also contributed funding. The team has been working with Zeality on a VR production. In addition, Jason Khalipa, owner of the corporate wellness program NC Fit and an eight-time CrossFit Games athlete, participated in the round. This is the company's first round of funding.
AT&T agreed to acquire Quickplay Media, Inc. from Chicago-based PE firm Madison Dearborn Partners. Quickplay provides managed services for the distribution of multi-screen video to IP-connected devices. The deal is subject to pre-merger review in the U.S. and Canada. Financial terms were not disclosed.
Nuveen Investments, an operating division of TIAA Global Asset Management, appointed Bill Stout as managing director and head of alternative investments business development, a newly created role. Stout was most recently a managing director at Corsair Capital Management.
Victory Park Capital committed $25 million to Chicago-based private lender Renovo Financial, which serves real estate investors who manage residential properties. Renovo was co-founded in 2011 by Chicago PE firm Granite Creek Partners.
Navitas Midstream Partners, LLC agreed to purchase natural gas from Encana Oil & Gas (USA) Inc. Texas-based Navitas, which is backed by Warburg Pincus, will also construct new processing facilities and other infrastructure.