Iris Dorbian
First Read starts the day with news that Netflix surpasses analyst expectation with over 7 million new customers and the SEC fines GM $1 million for accounting control failures. Plus, who is the most annoying passenger on a plane?
Levine Leichtman Capital Partners has promoted Paul Drury and Matthew Frankel to senior managing director. Drury joined the firm's Chicago office in 20015 while Frankel came on board in 2010.
Second Opinion wraps up the day with news that Eli Lilly is buying migraine-prevention company CoLucid for about $960 million, the U.S. Labor Department is suing both Oracle America and JPMorgan Chase for discrimination and outgoing President Obama holds his final news conference.
Systems Maintenance Services Inc, which is owned by Partners Group, and Curvature, a portfolio company of Quad-C, have agreed to marge. No financial terms were disclosed. At the closing of the deal, Quad-C will exit, leaving Partners Group as the sole owner of the combined entity that will be known as SMS | CURVATURE. SMS is a provider of IT data center life cycle services while Curvature helps companies procure, maintain and upgrade IT equipment.
Silver Point Capital has raised over $552 million for its credit fund, according to an SEC filing. Based in Greenwich, Connecticut, Silver Point is a registered investment adviser focused on credit and special situations investments.
ConsortNT has acquired Altea, a software testing and certification company and Estia, a specialist data intelligence consultant. No financial terms were disclosed. ConsortNT is backed by Ardian, NAXICAP Partners and EPF Partners.
Trigo Group, which is backed by Ardian, has acquired Euro-Symbiose, a French provider of quality training, audit and consulting services. No financial terms were disclosed.
McNally Capital has appointed Frank A. McGrew IV to lead its merchant banking business. Previously, McGrew was a managing director at Raymond James' investment banking department.
Law firm Orrick Rambaud Martel has hired Guillaume Kessler, a French M&A and private equity adviser, as a partner for its Paris office. Previously, Kessler worked at Olswang where he was a managing partner at the Paris office and head of the Paris corporate group.
Modere, a portfolio company of Z Capital, has agreed to acquire Anaheim, California-based Jusuru International, a maker of anti-aging products. No financial terms were disclosed.