Iris Dorbian
First Reserve has promoted Matthew Raben and Tim Vincent as managing director. Also, the energy-focused private equity firm has upped Tomas Peshkatari to director.
Highlands Ventures has acquired Sonoma Consulting Inc, an IT consulting and executive search company, and will merge it with portfolio company Halo Group LLC. No financial terms were disclosed. Also, Mark McGee, president and CEO of Sonoma Consulting, has been appointed president of Halo Group and a member of its board.
KJM Capital LLC has acquired two Utah-based temperature-controlled carriers: Interide Transport and Blue Sky Logistics. No financial terms were disclosed.
Investment advisory and financial planning firm RSD Advisors has named Andre Boreas as a managing director and senior adviser. Previously, Boreas worked at New York family office SF Capital where he served as the chief investment officer.
Silicon Valley-based Plutora, a provider of release, test environment and quality management solutions for enterprise IT, has secured $13.4 million in growth equity funding. The investor was Macquarie Capital.
Thai food company Charoen Pokphand Foods Public Company Limited has closed its previously announced buy of Bellisio Foods Inc from Centre Partners Management LLC for a consideration of $1.075 billion. Based in Minneapolis, Bellisio is a provider of frozen food products.
Mission Ready Services Inc has secured up to C$10 million in financing from Alumina Partners LLC. Headquartered in Vancouver, British Columbia, Mission Ready is a provider of environmentally responsible cleaning, logistics, maintenance, program management and consulting solutions for the global defense, security and protective services agencies.
3i Group plc has agreed to acquire a portfolio of assets from the EISER Global Infrastructure Fund, which include Belfast City Airport and East Surrey Pipelines. BCA is an airport in Northern Ireland that served 2.7 million passengers in 2015 while ESP is a gas transporter and electricity network operator in the UK. To finance the initial acquisition and provide capital for follow-on investments in the portfolio, 3i is launching a fund targeted at 700 million pounds. 3i will invest 36 million pounds in the fund alongside pension fund investors APG and ATP. Investors in the EISER Fund will be offered a chance to contribute to the fund.
First Read starts the day with news that Nokia is suing Apple in a patent dispute, Trump names Carl Icahn as a special adviser on regulation, and Mark Zuckerberg now says Facebook is "not a traditional media company."
Denver-based MassRoots Inc, a tech platform for the cannabis industry, has hired Robert Pullar as chief financial officer. Pullar was a managing director at Axis Private Equity Group LLC.