Iris Dorbian
Argosy Private Equity and MTN Capital have acquired a controlling stake in Trevose, Pennsylvania-based Rita's Franchise Company, an Italian ice chain. The seller was Falconhead Capital. No financial terms were disclosed. In addition to the acquisition, Kirk Griswold, a founding partner at Argosy Private Equity, will become chairman of Rita's board.
Charlesbank Capital Partners has sold Peacock Foods to Greencore Group plc. No financial terms were disclosed. Jefferies LLC acted as lead financial adviser to Peacock and Charlesbank, with Houlihan Lokey acting as co-adviser. Based in Geneva, Illinois, Peacock is a food manufacturer and provider of packaging and supply chain management solutions to top consumer food companies.
The Riverside Company has acquired St. Louis, Missouri-based Castlewood Treatment Center, a treatment center for eating disorders. The seller was Trinity Hunt Partners. No financial terms were disclosed.
Fort Lauderdale, Florida-based Hidden Harbor Capital Partners has tapped private equity veteran Chris Paldino as a founding partner. He will also join the firm's investment committee.
Apex Fund Services has named Daniel Strachman as head of U.S. business development. Strachman's work background includes roles at Cantor Fitzgerald, Morgan Stanley and A&C Advisors LLC.
GeoLOGIC Systems Ltd, which is backed by BV Investment Partners, has acquired Canadian Discovery Ltd's Well Completions & Frac Database. No financial terms were disclosed.
A consortium of Chinese investors led by Cultural Investment Holdings has acquired a majority stake in London-based Framestore, a provider of VFX and CG content for the film, TV, advertising and theme park industries. No financial terms were disclosed. JEGI and Clarity advised Framestore on the transaction.
Pantheon has promoted its Chief Financial Officer Robin Bailey to partner. Also, the firm has made six promotions within the global investment team, which include Charlotte Morris and Sara Lonergan to principal. And eight promotions were made in the operations, client services, global marketing and legal & compliance teams.
Platinum Equity has acquired Cox Target Media from Cox Media Group. No financial terms were disclosed. The businesses of St. Petersburg, Florida-based CTM includes a direct marketing service provider. Goldman Sachs acted as financial adviser to Cox on the deal.
SM Energy Company has agreed to sell its third-party operated Eagle Ford assets to KKR-backed Venado Oil and Gas LLC. Included in the deal is SM Energy's ownership stake in related midstream assets. The price of the acquisition is $800 million. Scotia Waterous provided financial advice to SM Energy on the transaction.