Iris Dorbian
Jernigan Capital has closed a $13.6 million self-storage development project in Vinings, Georgia. Jernigan co-invested with Mequity LLC, the project's developer. Construction is slated to begin in the second quarter with the completion designated for the second quarter of 2018.
Tijuana Flats, the Tex-Mex restaurant chain, has named Perry Jones as vice president of real estate. Previously, Jones worked at Rave Restaurant Group where he served as the vice president of real estate and development. Tijuana Flats is backed by AUA Private Equity Partners.
Littlejohn & Co LLC has closed its previously announced acquisition of St. Augustine, Florida-based Brown Jordan International Inc, a maker of indoor and outdoor furniture. No financial terms were disclosed. Goldman Sachs and Société Générale provided the financing while Moelis & Company served as financial adviser to Brown Jordan.
First Read starts the day with news that Apple stock jumps after the tech giant reported big iPhone sales for the holiday quarter, Trump son-in-law Jared Kushner divests from his priciest New York City property, and Jim Goetz steps back at Sequoia Capital.
DiSTI, a provider of software development tool kits and virtual maintenance training solutions, has secured an undisclosed amount of funding. The investors were Dos Rios Partners and Akoya Capital. Capstone advised DiSTI on the transaction.
Mid-market private equity firm HGGC has hired Greg Hughes, Bob Pender and David Chung as executive directors and promoted Pat Dugoni to vice president from senior associate. Also, James Herrmann joins HGGC as a business development officer from former Bain Capital portfolio company Icon Health and Fitness. Previously, Hughes worked at HGGC-backed Serena Software where he was president and CEO while Pender most recently served as its chief operating officer. And, Chung is a former director and principal at KKR.
Clearlake Capital-backed Vision Solutions has sold Double-Take Software to Carbonite. No financial terms were disclosed. Shea & Company served as financial adviser to Clearlake, Vision and Double-Take.
Summit Partners has made an undisclosed investment in Scottsdale, Arizona-based InfoArmor Inc, a provider of employee protection solutions and elite cyber intelligence services. Also, InfoArmor has named John Schreiber, the company's current president and chief financial officer, as CEO.
In Second Opinion, the ACLU enrolls in Y Combinator, Pokémon Go has grossed over $1 billion in revenue since launching last summer and Exxon profit falls 4 percent.
BlueMountain Capital Management has appointed Jon Weber as head of portfolio company management. Previously, Weber worked at Anchorage Capital Group, Goldman Sachs Special Situations Group and Icahn Enterprises.