Iris Dorbian
OpenDNS has hired Burt W. Podbere as chief financial officer. Previously, Podbere worked at Net Optics where he served as CFO. Based in San Francisco, OpenDNS is a provider of internet security solutions. Its backers include Greylock Partners, Sequoia Capital, Sutter Hill Ventures, Glynn Capital, Cisco, Evolution Capital, Lumia Capital, Mohr Davidow Ventures and Northgate Capital.
Austin, Texas-based private equity firm Blue Sage Capital has promoted Jonathan Pearce and Eric Weiner to vice president. Previously, Pearce worked at Avista Capital Partners while Weiner joined Blue Sage Capital in August 2013 after receiving his MBA from the Stanford Graduate School of Business.
Prevalent has closed $4 million in funding from Fulcrum Equity Partners. Prevalent's CTO and co-founder Norman Menz and CEO and co-founder Jonathan Dambrot will remain in their positions. Headquartered in Warren, NJ, Prevalent is a provider of third-party risk and vendor threat intelligence solutions.
Specialty finance company CapX Partners has named Taira Masciantonio as an associate. Previously, Masciantonio worked at PNC Financial Services where she served as an analyst.
Industrial Growth Partners has sold its minority stake in TASI to Berwind. No financial terms were disclosed for the transaction, which was completed on June 12. Based in Cincinnati, TASI is a provider of test, measurement, inspection and automation solutions for mission-critical applications.
AFCO, a portfolio company of Larsen MacColl Partners, has divested Mossberg Sanitation and Midwest Sanitation to an unidentified buyer. No financial terms were disclosed. Based in Great Bend, Mossberg is a provider of building sanitation services while Midwest Sanitation, which is located in Iowa, is a waste management and recycling company.
Monroe Capital has provided a $15.5 million credit facility to support Pharos Capital's acquisition of Employee Benefit Solutions. Based in White Plains, NY, EBS is a provider of healthcare cost containment and wellness programs for small and mid-sized employers.
H.I.G. Capital said Tuesday that it has completed its sale of Vaupell to Sumitomo Bakelite Co. for $265 million. Based in Seattle, Vaupell is a provider of thermoplastic and composite solutions to the aerospace sector.
An investors' group that includes Magnetar Capital, GSO Capital and GE Energy Financial Services, a GE subsidiary, has agreed to acquire up to $500 million of preferred units of Crestwood Midstream Partners. According to Crestwood, net proceeds of this transaction will be used to pay down debt as well as finance ongoing expansion and development projects. Based in Houston, Crestwood owns and operates midstream businesses in several shale resource plays across the U.S.
Texas private equity firm Cotton Creek Capital has promoted Anil Ali to senior associate. Ali joined the company in 2012. Previously, he had worked at investment bank Harris Williams & Co.