Iris Dorbian
Waud Capital Partners has hired Phil Olson as principal of business development. Prior to joining the firm, Olson worked at William Blair & Co where he served as a managing director.
Hygiena, a portfolio company of Warburg Pincus, will acquire DuPont's global food safety diagnostics business. No financial terms were disclosed for the deal that's expected to close in the first quarter of 2017.
Kinderhook Industries LLC has recapitalized Pompano Beach, Florida-based NitroFill LLC, a producer of nitrogen generation and inflation systems for passenger and truck tires. No financial terms were disclosed. Western Reserve Partners advised NitroFill on the transaction while TCF Capital Funding provided the financing.
A&E Medical Corp, a portfolio company of Vance Street Capital, has acquired Medical Concepts Europe, a Dutch provider of bi-polar, quad-polar and mono-polar temporary pacing wires and single-use patient extension cables used for cardio-thoracic surgeries. No financial terms were disclosed. Lexington Partners, Neuberger Berman Private Equity funds, RCP Advisors and Madison Capital Funding also invested equity in the deal alongside Vance Street to support it. R. Lips Healthcare GmbH acted as financial adviser to Medical Concepts Europe.
Genstar Capital-backed Mercer Advisors Inc has acquired Costa Mesa, California-based Fabian Wealth Strategies, a registered investment advisory firm. No financial terms were disclosed.
First Read begins the midweek with news that IBM's CEO says she plans to create 25,000 jobs and invest $1 billion over the next four years, new data reveals that the average U.S. household has over $16,000 in credit card debt and anyone in San Francisco can hail a self-driving Uber starting today.
NewSpring Mezzanine Capital has provided $5 million to ncgCARE. Based in Richmond, Virginia, ncgCARE is a provider of mental health services.
The Hilb Group, a portfolio company of ABRY Partners, has acquired Greenville, South Carolina-based Endeavor Insurance Services Inc, which focuses on group health and employee benefits. No financial terms were disclosed.
Vitruvian Partners has acquired a majority stake in Phlexglobal, a provider of electronic trial master file systems and services for the life sciences sector. No financial terms were disclosed. As a result of this transaction, Phlexglobal's previous majority backer Bridgepoint Development Capital will exit the company.
Second Opinion wraps up the day with news that Wall Street extends its rally as the Dow heads to 20,000, Oculus CEO Brendan Iribe steps down and Paris wants to name a street after Steve Jobs.