Iris Dorbian
Tonka Bay Equity Partners has promoted Kam Kielhorn to a director. Kielhorn joined the firm in 2015 as an associate. Previously, he worked at Ernst & Young LLP where he was a manager in the transaction advisory practice.
Global law firm O'Melveny is adding leading private equity attorney Jonathan Blake to its global investment funds group. Blake is joining the firm's London office from King & Wood Mallesons where he was the head of the international funds practice.
Second Opinion closes out the day with news that Coty is buying a majority stake in Younique for about $600 million, Trump tells the GOP to repeal Obamacare "quickly," and two years after losing her gender-discrimination lawsuit against former boss Kleiner Perkins Caufield & Byers, Ellen Pao is returning to venture capital: She's going to become a partner at Kapor Capital.
Nashville-focused private equity firm Gen Cap America has closed its seventh buyout fund Southvest Fund VII LP at a hard cap of $250 million. The fund will focus on management buyouts of lower middle-market companies.
Arrowhead Electrical Products, which is backed by the Riverside Company and Investcorp, has acquired Cincinnati-based J&N, a distributor of aftermarket replacement rotating electrical parts and accessories. No financial terms were disclosed.
Calera Capital has acquired a majority stake in Carnegie Fabrics, a provider of sustainable textiles and wall-coverings for the corporate, healthcare, hospitality and education building sectors. No financial terms were disclosed. As a result of the transaction, Cliff Goldman, president of Carnegie Fabrics, will retain a "significant" stake in the company.
New York City-based Firelight Capital Partners, a new private equity firm focused on retail brands, has launched. Rick Perkal, a former senior managing partner at Irving Capital, is leading Firelight as CEO.
Vesey Street Capital Partners, a middle-market healthcare-focused private equity firm, has hired Larry Marsh and David De Luca as general partners. Also, the firm has named Bryan Sekino as chief financial officer. Previously, Marsh was executive vice president of new market development and chief strategy officer at AmerisourceBergen while De Luca worked at Morgan Stanley where he was a managing director and head of U.S. institutional equity sales in New York and other regions. And, Sekino worked at Brant Point Capital Management.
Vesey Street Capital Partners has closed its recapitalization of healthcare services company HealthChannels, the parent company of ScribeAmerica. No financial terms were disclosed. Evercore provided financial advice to Vesey Street Capital Partners on the transaction.
Bermuda-based Premia Holdings Ltd, a property & casualty insurance and reinsurance group focused on providing runoff solutions, has closed $510 million in funding. The investors included Kelso & Company and Arch Capital Group Ltd. Clifford Chance US LLP and Conyers Dill & Pearman Limited advised Premia on the transaction. And, Debevoise & Plimpton LLP advised Kelso while Cahill Gordon & Reindel LLP advised Arch.