Iris Dorbian
Merchant Cash and Capital said Monday that it has received a $75 million term loan from a consortium led by Comvest Partners. Also, MCC has named Jeffrey Beckwith as chief financial officer. Based in New York City, MCC is a small business financing provider.
Generation Growth Capital said Friday that it has acquired Innovative Laser Technologies. No financial terms were disclosed. Minnesota Bank & Trust provided senior financing for the transaction while Exmarq Capital Partners provided the mezzanine financing. Based in Minneapolis, ILT is a maker of custom laser workstations.
Incline Equity Partners has recapitalized Hartland Controls. No financial terms were disclosed. Lincoln International advised Hartland on the transaction. Headquartered in Rock Falls, Illinois, Hartland is a producer of definite purpose contactors for the U.S. HVAC market.
Seabury International Capital Holdings said Friday that it has named Christopher E. Kubasik to its board of directors. Kubasik is the former vice chairman, president and COO of Lockheed Martin. Seabury International Capital Holdings is a subsidiary of Seabury Capital, the investment arm for investment bank Seabury Group.
Embarcadero Technologies, a portfolio company of Thoma Bravo, has agreed to acquire software firm CA Technologies' CA ERwin data modeling solution. No financial terms were disclosed.
Emma Capital has reached an agreement with PPF to take a stake in the Czech investment group's Russian electronics retailer Eldorado, PPF said on Friday.
Kineta has secured an undisclosed investment from angelMD, a healthcare-focused private equity firm led by physicians. Based in Seattle, Kineta is a biotech company.
Gladstone Capital has invested $7 million to support Taglich's buy of Lignetics. Based in Sandpoint, Idaho, Lignetics is a producer of branded wood pellets.
Rock Oil Holdings said Thursday that it has received a $250 million commitment in equity financing from Riverstone. Rivington Holdings and its affiliate, Rivington Securities, advised Rock Oil on the transaction. Based in Denver and Houston, Rock Oil is a newly formed oil and gas company.
Utimaco said Thursday that it has named Ira Zalesin to its advisory board. Zalesin is the CEO of Adamson Capital. Utimaco is a hardware-based security solutions provider.