Iris Dorbian
Jernigan has invested $8.9 million in a proposed Raleigh, North Carolina-based storage development project. The investment was made via Storage Lenders LLC, Jernigan's joint venture with Heitman Capital Management and an unnamed institutional partner. Phillips Development and Realty LLC is serving as the developer of the project.
Gryphon Investors has agreed to sell C.B. Fleet Company Inc to Prestige Brands in a deal valued at about $825 million. Based in Lynchburg, Virginia, Fleet is a provider of personal healthcare products, which includes the Summer's Eve brand. The transaction is expected to close in the first quarter of 2017. Sawaya Segalas & Co LLC provided financial advice to Fleet and Gryphon.
Calgary, Alberta-based power producer Maxim Power Corp has agreed to sell subsidiary Maxim Power (USA) Inc to Hull Street Energy for $106 million. Credit Suisse is advising Maxim on the transaction.
Canadian mid-market private equity firm Clairvest Group has acquired additional shares in Discovery Air Inc, a specialty aviation and logistics company headquartered in Etobicoke, Ontario. According to terms of the transaction, Clairvest purchased over four million shares in Discovery Air at $0.20 per share, increasing its majority stake to about 81 percent.
First Read ushers in the morning with news that Snapchat is reportedly acquiring Israeli AR startup Cimagine, 2017 gears up as year of cyber attacks on insecure smart home devices and pop music icon George Michael passes away at 53.
In Second Opinion, Blackstone is in talks to acquire assets owned by Energy Transfer Partners, Pokémon Go launches on Apple Watch and Trump names campaign manager Kellyanne Conway as his White House counselor and Sean Spice as press secretary. Happy Holidays!
Spearhead Integrated Marketing Communication Group has acquired San Francisco-based Smaato, a real-time advertising platform for mobile publishers and app developers. The price of the acquisition is $148 million. Smaato's backers included Aeris Capital.
Coalfire has acquired cyber security company Veris Group. No financial terms were disclosed. Coalfire is backed by The Chertoff Group and The Carlyle Group.
Frontenac Company LLC has sold Atlanta-based H-E Parts International LLC, a provider of aftermarket parts, components and solutions for the mining, heavy construction and energy sectors. The buyer is Hitachi Construction Machinery Co. Ltd. No financial terms were disclosed.
Engage2Excel, a portfolio company of Gridiron Capital LLC has acquired Irvine, California-based recruitment solutions provider Decision Toolbox. No financial terms were disclosed.