Iris Dorbian
Brentwood Associates has made an undisclosed investment in ClassWallet. Miami-based ClassWallet is a platform for schools to disburse and track funds.
Jaguar Growth Partners has closed its inaugural real estate fund at $350 million. Jaguar Real Estate Partners I LP will focus on the Latin American market, which includes Brazil, Mexico, Argentina and the Andes Region.
Michigan-based Xcentric Mold & Engineering, a provider of injection molding, rapid prototyping and CNC machining services, has secured an undisclosed amount of funding. The investor was The Riverside Company. Mooreland Partners provided financial advice to Xcentric on the investment.
Accurus Aerospace Corporation, a provider of machined parts, kits and assemblies and processing services focused on the aircraft platforms, has promoted Robert A. Kirkpatrick to president and CEO. Also, Accurus has named James M. Gibson as chairman. Accurus was formed by Liberty Hall Capital Partners in 2013.
Applied Acoustics International, a portfolio company of Angeles Equity Partners, has named Tony Daines as chief marketing officer. Previously, Daines worked as CMO for the Adler Pelzer Group NAFTA business unit. Chicago Heights, Illinois-based AAI is a provider of noise, vibration and harshness solutions for the North American automotive sector.
Scargo Hill Capital, a new asset management platform, has launched. Based in Boston, Los Angeles and New York, the firm is focused on providing direct lending to lower middle-market companies in the retail and consumer product sectors. Andrew H. Moser is serving as managing partner and CEO while Thomas J. Lynch is managing partner and chief risk officer. Scargo Hill's backers include Schottenstein affiliate SB Capital Group and Stephen G. Miller, CEO of 360 Merchant Solutions.
Frank H. McCourt, Jr, chairman and CEO of McCourt LP, and Mark Walter, a founder and CEO of Guggenheim Partners, have launched McCourt Partners, a new private investment platform. Though initially focused on real estate development, the joint venture will also concentrate on other sectors that include finance.
Onex Corp has promoted Amir Motamedi to managing director. Motamedi joined the firm in 2006. Prior to joining Onex, Motamedi worked at Goldman Sachs' investment banking unit.
Generation Growth Capital has sold Midway Industrial Supply Inc to Ohio Transmission Corporation. No financial terms were disclosed. Madeira Partners provided financial advice to MIS on the transaction. Based in Mounds View, Minnesota, MIS is a provider of fluid handling and spray finishing equipment, accessories and consumables.
Financial-Information-Technologies LLC, a provider of data, payment and software solutions for the beverage alcohol industry, has secured an undisclosed amount of funding. The investor was Luminate Capital Partners. In conjunction with the funding, Luminate's Hollie Haynes and Scott Kingsfield have been added to Fintech's board of directors.