Iris Dorbian
Associated Asphalt, which is backed by ArcLight Capital Partners, has agreed to acquire Roanoke, Virginia-based Axeon Marketing, a provider of asphalts, polymer modified asphalts and asphalt emulsion. No financial terms were disclosed.
The Riverside Company has acquired PracticeMojo as an add-on for its ProSites platform. No financial terms were disclosed. Freeport Financial Partners provided the loans for this deal. PracticeMojo is a provider of software for dental practices.
Walt Disney Co (DIS.N) is to seek full control of Euro Disney (EDLP.PA) after raising its stake in the underperforming operator of Disneyland Paris through a deal with Saudi billionaire Prince Alwaleed bin Talal, Reuters reported.
Banc of California Inc has appointed W. Kirk Wycoff to its board of directors. Wycoff is the founder and managing partner of Philadelphia-based private equity firm Patriot Financial Partners L.P.
Tustin, California-based Foundation Building Materials Inc, a provider of wallboard and suspended ceiling systems, has debuted its IPO after pricing 12.8 million shares of its IPO at $14 per share. The stock began trading February 10, 2017 on the New York Stock Exchange under the ticker symbol "FBM." Deutsche Bank Securities, Barclays and RBC Capital Markets are serving as the lead underwriters. Foundation Building Materials is backed by Lone Star Funds.
Richmond, Virginia-based Owens & Minor Inc, a healthcare services company, has named Barbara B. Hill to its board of directors. The appointment became effective February 9, 2017. Hill is an operating partner of NexPhase Capital.
First Read ends your week with news Blackstone to buy Aon's benefits outsourcing business for $4.8 bln, Wells Fargo set to eliminate the CEO's bonus and Facebook to add weather forecast to app based on user data.
Boston-based MediaSilo, a provider of video collaboration solutions to media and entertainment companies and Los Angeles-based Wiredrive, a media-sharing and collaboration tool for creative professionals, have completed their merger. The newly combined company has raised $7 million in funding from Schooner Capital.
Praxis Capital, a private equity real estate firm, has launched a multifamily platform. The firm is planning on investing $100 million in multifamily properties over a three to four-year period.
TPG has closed its previously announced buy of Lenexa, Kansas-based Mediware Information Systems Inc, a provider of software for healthcare and human services providers. The seller was Thoma Bravo. No financial terms were disclosed.