Iris Dorbian
TriWest Capital Partners and Alberta Teachers' Retirement Fund have agreed to acquire a majority stake in NSCG Crane & Heavy Haul Corp. from its existing shareholders. No financial terms were disclosed for the transaction, which is expected to be completed before the end of this year. Goldman Sachs advised NCSG on the transaction. Based in Edmonton, Alberta, NCSG is a provider of crane and heavy haul services in North America. It is backed by Northwest Capital Appreciation.
Huron Capital has launched Spring & Sprout. Based in Michigan, Spring & Sprout will provide support services to dental practices in Ohio.
Greenwich, Conn-based financial firm Fieldpoint Private said Monday that it has hired Thomas J. Haug as a managing director and senior advisor. Previously, Haug worked at First Republic.
Electronic trading solutions provider Ullink, which is backed by HgCapital, has agreed to buy NYFIX and Metabit from NYSE Technologies, which is part of Intercontinental Exchange. No financial terms were disclosed for the transaction, which is expected to be completed in the third quarter of this year. Perella Weinberg Partners advised HgCapital on the acquisition while Evercore advised Intercontinental Exchange.
Revolution Places and KSL Capital have agreed to jointly own Miraval Resort & Spa. No financial terms were disclosed. Revolution and KSL are planning on expanding Mirval to new locations. Based in Tucson, Miraval is a wellness luxury spa.
Information security firm SafeNet, which is backed by Vector Capital, has named Jeff Hawn and Phil Saunders to its board of directors. The appointments became effective June 12. Hawn is the chairman and CEO for The Attachmate Group while Saunders is executive vice president and chief revenue officer at SafeNet.
Rye Brook, New York based investment firm Full Circle Capital said Monday that it has launched FC Capital Investment Partners, a private fund. Full Circle Capital will act as a managing member and investment advisor to FCIP. Full Circle Capital has recently raised approximately $5.6 million for FCIP.
Versa has completed a recapitalization of Bell and Howell, a global provider of multi-channel communications solutions for print. No financial terms were disclosed. Also, Versa has spun off BCC Software, a postal software solutions and data marketing company, from its parent Bell and Howell. BCC President Christopher G. Lien will remain in his position. Versa has majority ownership stakes in both Bell and Howell and BCC.
Symphony Performance Health, which is owned by Symphony Technology Group, has hired George Dunaway as its new chief financial officer. Among the firms where Dunaway has previously worked are Restora Healthcare, Healthcare Solutions and CompBenefits Corp. Based in Alpharetta, Georgia, Symphony Performance Health is a provider of information, analytics and tech solutions for health network clients.
Private investment firm Starwood Capital has agreed to acquire TMI Hospitality. No financial terms were disclosed. BofA Merrill Lynch and Barclays provided financial advice to Starwood while Citigroup Global Markets was lead financial advisor to TMI. Based in Fargo, North Dakota, TMI is a developer and operator of more than 180 select service and extended stay hotels across 26 states.