Iris Dorbian
In Second Opinion, Mars will be acquiring VCA for $7.7 billion, Salesforce’s Marc Benioff joins backs Gaza’s first ever coding academy and Trump names his son-in-law as senior White House adviser.
Bow River Capital Partners has made an investment in RailPros, a provider of transportation consulting services, specializing in rail engineering, design, and management. No financial terms were disclosed.
Trilantic North America has acquired a majority stake in St. Paul, Minnesota-based United Subcontracts Inc, a provider of installed insulation and related services to builders, contractors and homeowners. No financial terms were disclosed. RBC Capital Markets provided financial advice to USI on the deal.
Clayton, Dubilier & Rice has appointed Liam FitzGerald as an operating adviser to CD&R funds. FitzGerald is the former CEO of UDG Healthcare plc. He will be based in CD&R's London office.
Main Post Partners has make an investment in cosmetics company Milk Makeup. No financial terms were disclosed.
Harvest Partners SCF LP has led a $125 million recapitalization of and minority investment in New York City-based Roland Foods, an importer of specialty food products. Roland Foods is a portfolio company of Vestar Capital Partners, which will retain its majority stake in Roland as a result of this transaction. Wells Fargo Securities LLC provided financial advice to Vestar while William Blair & Company did likewise for HP SCF.
Thompson Street Capital Partners has recapitalized Oklahoma City-based Revenue Management Solutions, a provider of processes that facilitate the matching, posting and reconciliation of healthcare payments to underlying claims or other correspondence. No financial terms were disclosed. H&Q Advisory Partners advised TSCP on the transaction.
Carousel Capital has closed its oversubscribed fifth buyout fund at a hard cap of $400 million. The initial target was $300 million. Carousel Capital Partners V's limited partners include pension funds, endowments, foundations and insurance companies. The fund will focus on acquiring growth-oriented Southeastern, U.S.-based companies in the following sectors: business services, consumer services and healthcare services. Credit Suisse Securities (USA) LLC served as adviser and placement agent.
The Wicks Group of Companies has recapitalized Jamison, Pennsylvania-based Invo HealthCare Associates, a provider of school and community therapeutic services for individuals and families with autism and special needs. No financial terms were disclosed. As a result of the transaction, Post Capital will retain its minority stake in Invo. Cain Brothers & Company served as financial adviser to Invo on the transaction.
UK-based Origin Broadband, a provider of internet and phone services, has secured 3 million pounds in funding. The investor was Calculus Capital.