Iris Dorbian
The Riverside Company has made an undisclosed investment in Nustef Foods. Based in Mississauga, Ontario, Nustef is a producer of Italian waffle cookies and artisan crackers.
Paine & Partners has named Adam Fleiss as managing director of portfolio performance. The appointment becomes effective January 23, 2017. Fleiss is a former director at KKR Capstone.
L Catterton has made an undisclosed investment in Grupo Espaçolaser. Based in Brazil, Espaçolaser is a laser hair removal company.
Crossmark, a sales and marketing services company that is owned by Warburg Pincus, has appointed Jami McDermid as president of the Sales Agency. She joined Crossmark in October 2016 as chief client officer and a member of the executive leadership team. Prior to Crossmark, McDermid worked at MillerCoors where she served as chief business transformation officer.
ARCOM, which is owned by Alpine Investors, has acquired InterSpec, a provider of BIM-to-specifications software e-SPECS. No financial terms were disclosed.
Safe Harbor Marinas, which was backed by American Infrastructure Funds, has acquired marina company Brewer Yacht Yard Group. No financial terms were disclosed. In addition to the transaction, Guggenheim Partners and Weatherford Partners have made undisclosed investments in Safe Harbor.
Angeles Equity Partners has closed its oversubscribed debut fund at $360 million, beating its $300 million target. The limited partners of Angeles Equity Partners I LP include public and private pension plans, endowments, foundations, a sovereign wealth fund and alternative asset managers in North America, Europe and the Middle East. Moelis & Company LLC and GCA Advisors LLC were the placement agents.
Northlane Capital Partners, a middle-market investor, has closed its spin-out from American Capital as a result of Ares Capital Corp's acquisition of American Capital. Northlane is currently managing American Capital Equity III LP, a $1 billion private equity fund. As part of the spin-out, ACE III's limited partners bought American Capital's commitments to the fund while Northlane assumed the management contract for it. ACE III's name will also change to Northlane Capital Partners I LP.
H.I.G. Capital has made an investment in a Spain-based real estate asset consisting of Valle Romano, an apartment complex based in Estepona, Málaga. Valle Romano is comprised of 430 apartments that include facilities such as swimming pools, gyms and restaurants. No financial terms were disclosed.
A private equity investor base led by Redview Capital and Asia-IO has acquired West Hills, California-based Source Photonics, a provider of optical modules and components. The seller was Francisco Partners. Also participating in the consortium are TR Capital, Axiom Asia and Aberdeen Asset Management. No financial terms were disclosed. Evercore and CITIC Securities provided financial advice to Source Photonics on the transaction.