Iris Dorbian
New Water Capital Partners LP has promoted Andrew Ravenna to vice president. Prior to joining the firm, Ravenna worked at Milestone Partners, Arsenal Capital Partners and Barclay’s Capital.
Industrial Growth Partners-backed Ideal-Tridon has acquired Strapbinder from Signode Industrial Group. No financial terms were disclosed. Strapbinder is a maker of securement products.
KPS Capital Partners has sold its portfolio company Anchor Glass, according to an announcement on the private equity firm's site. The buyer is Ocelot Acquisition Inc, newly formed by CVC Capital Partners and BA Glass B.V. Although no financial terms were disclosed, a previous PE HUB report on the transaction pegged it at over $1 billion. Anchor Glass is a glass packaging provider.
Water Street Healthcare Partners and JLL Partners have acquired Tempe, Arizona-based MedPlast Inc, a medical device services provider. No financial terms were disclosed.
M/C Partners has acquired Tewksbury, Massachusetts-based Thrive Networks, a managed services provider. No financial terms were disclosed. The sellers were Manhattan Telecommunications Corporation and Corporate IT Solutions.
Waud Partners has hired David Bellaire as an operating partner. Previously, Bellaire worked at Bain & Company where he served as a senior adviser.
MB Business Capital has provided a $23.5 credit facility to PlayMonster, a portfolio company of Topspin Partners. Based in Beloit, Wisconsin, PlayMonster is a maker of family entertainment products.
Harvest Hill Beverage Company, a portfolio company of Brynwood Partners, has agreed to acquire energy drink brand NUTRAMENT from Nestlé HealthCare Nutrition Inc. No financial terms were disclosed. The deal is expected to close by the end of the year.
Vista Equity Partners has agreed to acquire the SunGard Public Sector and Education businesses from FIS for $850 million. The SunGard Public Sector and Education businesses provide tech solutions that address public safety and administration needs of K-12 school districts as well as government entities. The deal is expected to close in the first quarter of next year. Barclays and BofA Merrill Lynch provided financial advice to FIS on the transaction.
StepStone Group LP has completed its previously announced acquisition of Swiss Capital Alternative Investments AG, a European private debt and hedge fund solutions provider. No financial terms were disclosed.