Iris Dorbian
Platinum Equity has completed the sale of Truesense Imaging to ON Semiconductor. No financial terms were disclosed. Truesense Imaging is a provider of image sensing devices.
VRS VeriClaim UK, a subsidiary of T&H Global Holdings, which is owned by private equity firm Flexpoint Ford, has acquired Ellis May Chartered Loss Adjusters. No financial terms were disclosed. Based in the UK, Ellis May is a provider of loss adjusting and associated engineering and surveying services for high net worth and commercial claims.
Aequitas Capital said Friday that it has acquired Maple Bay Asset Management. No financial terms were disclosed. Based in Portland, Oregon, Maple Bay is an asset management firm that specializes in consumer and small business loans.
Post Capital Partners has acquired the Puerto Rico solid waste operations of Waste Management. No financial terms were disclosed for the transaction; however, Banco Popular de Puerto Rico provided the debt financing. The new company will be called EC Waste and be headquartered in Humacao.
LHP Hospital Group, which is backed by CCMP Capital Advisors, has promoted John W. Ehrie from executive vice president and chief financial officer to CEO. The appointment is effective immediately. Ehrie replaces Mark Miller who recently resigned as CEO. Headquartered in Plano, Texas, LHP is a provider of capital and services for not-for-profit hospitals and hospital systems.
Toronto-based Clairvest Group has raised $518 million in the first close of its fifth fund. The target is $600 million.
Canadian private equity firm The Catalyst Group has completed the acquisition of specific assets of Advantage Rent a Car from Simply Wheelz, a subsidiary of Franchise Services of North America. No financial terms were disclosed for the 363 sale that includes operations at 37 airports. Simply Wheelz filed for bankruptcy protection last November.
TA Associates has made an undisclosed investment in Bomgar. Shea & Company was financial adviser to Bomgar on the transaction. Headquartered in Jackson, Mississippi, Bomgar is a provider of enterprise remote support solutions.
Automic, a portfolio company of EQT Partners, is planning on buying ORSYP SAS. No financial terms were disclosed. Harris Williams & Co. is serving as financial advisor to ORSYP on the transaction. Based in Paris, ORSYP, which is backed by Argos Soditic, is a provider of IT automation and optimization solutions.
Commonfund Capital said Thursday that it has named Miriam E. Schmitter as director. In her new role, Schmitter, who will be based in the firm's London office, will focus on research and investments in private equity, venture capital and natural resources. Her appointment became effective May 1. Commonfund Capital is a subsidiary of Commonfund, an investment firm for institutional investors.