Iris Dorbian
London-based Weedingtech, a herbicide-free weed control company, has secured 3 million pounds in funding. The investor was Calculus Capital.
Graphite Capital has agreed to sell UK-based Micheldever Tyre Services, a distributor of car and motorcycle tires to Sumitomo Rubber Industries Ltd. The price of the sale is 215 million pounds.
First Read kicks off the day with news that Macy's will be cutting more than 10,000 jobs, Deutsche Bank is set to pay $95 million to settle a U.S. tax fraud case, and Amazon, Forever 21 are vying to buy bankrupt American Apparel.
International law firm Mayer Brown has hired Robert Woll as a partner in the corporate & securities practice and the fund formation & investment management group. In his new role, Woll, who will be based in Hong Kong, will work with private equity funds and institutional investors across the Asia-Pacific region. Previously, Woll worked at Deacons where he served as a partner in that firm’s financial services practice group.
NewSpring Capital's NewSpring Holdings LLC has acquired Pasadena, California-based Vertical Management Systems Inc, a provider of data, financial networking and account aggregation technology. No financial terms were disclosed. Broadhaven Capital Partners served as financial adviser to VMS on the transaction.
BelHealth Investment Partners LLC has acquired Richmond, Virginia-based Care Advantage Inc, a provider of home healthcare and related services. No financial terms were disclosed.
In Second Opinion, Apple invests $1 billion in SoftBank's new tech fund, Trump picks Wall Street lawyer Jay Clayton to lead the SEC and BMW, Mobileye and Intel will test 40 self-driving cars on U.S. and European roads this year.
North American Substation Services, a portfolio company of Industrial Growth Partners, has acquired Quebec City, Canada-based Nomos Systems Inc, a maker of control cabinets for high-voltage electrical equipment including transformers and breakers. No financial terms were disclosed.
Waud Capital Partners has named Tim Lawler as principal of human capital. Previously, Lawler founded T4 Capital Talent, an executive search firm serving private equity funds and their portfolio companies.
New York-based Gamut Capital Management, a middle-market private equity firm, has closed its inaugural fund at $1 billion, beating its initial $750 million target.