Iris Dorbian
Shamrock Capital Advisors LLC, an alternative investment firm focused on middle-market media, entertainment and communications companies, has named Brian Barnum as an operating partner. Barnum's past roles include serving as chief operating officer of Brighter Inc and chief financial officer/COO of The Rubicon Project.
PrideSports, a portfolio company of Centre Partners, has merged with MacNeill Engineering. No financial terms were disclosed. Brentwood, Tennessee-based PridesSports is a maker of golf traction elements while Marlborough, Massachusetts-based MacNeill Engineering is a provider of metal and plastic traction components found in shoes across a broad range of sports.
Limited Stores LLC, parent of U.S. women's apparel chain The Limited, said on Tuesday it filed for bankruptcy, the latest brick-and-mortar retailer to reorganize as shoppers shift to fast-fashion retailers and online competitors.
3i has expanded its private equity team with six new hires. They are Frédéric Chiche, who has become a director in the Paris office; Michael Kober, who has joined the New York office as a senior associate; Manny Cominsky, who has come on board in New York as an associate; Piotr Doniec, who joins the Frankfurt office as a senior associate; Martin von Berg, who also joins the Frankfurt team as an associate; and Philip De Vusser, who has become an associate at the Amsterdam office.
Altamont Capital Partners has promoted Kristin Johnson and Alex Rolfe to managing director. The San Francisco-based middle-market private equity firm has upped Melissa Francis, Sam Gaynor and Kevin Mason to principal and Greg Corkran to vice president.
Toronto-based Engage People Inc, a solutions provider for the loyalty and incentive sector, has secured an undisclosed amount of funding. The investor was Lovell Minnick Partners. Raymond James provided financial advice to Engage People on the transaction.
Comvest Partners has provided a $40 million loan to Transfast LLC, a cross-border payments provider. Transfast is owned by GCP Capital Partners.
Phoenix, Arizona-based Telesoft, a provider of communications expense and mobility management solutions, has named Tamara Saunders as chief financial officer and Don Luby as senior vice president of sales. Also, the firm has added Charlotte Yates to Telesoft's board of directors. Saunders is the former CFO of Telesphere and vice president of finance at Vonage while Luby recently served as vice president of sales at Tangoe. Telesoft is backed by Sumeru Equity Partners.
Electrical Components International Inc, a portfolio company of KPS Capital Partners, has agreed to acquire Fargo Assembly Company. No financial terms were disclosed. The deal is expected to close in the first quarter of this year. Based in Fargo, North Dakota, Fargo is a provider of wire harnesses for the motorcycle, agriculture, construction and specialty transportation sectors.
InTandem Capital Partners has acquired two South Florida-based primary care clinics Cano Health and Comfort Health. No financial terms were disclosed. The newly combined entity will run under the Cano Health brand.