Iris Dorbian
Hamilton Lane said Monday that it has raised $426.8 million in the final close of its eighth fund-of-funds. The pool's original target was $400 million. According to the firm, its LP base includes public pension funds, Taft-Hartley pension plans, endowments, foundations and other institutions.
Alignment Healthcare said Monday that it has raised $125 million in funding from General Atlantic. According to the firm, the capital will be used for expansion and to strengthen its service platforms. Based in Irvine, Calif., Alignment Healthcare is a provider of population health management solutions.
Golub Capital said Friday that it helped provide a $400 million credit facility to support Frazier Healthcare and New Enterprise Associates' dividend recap of DSI Renal. Headquartered in Nashville, DSI is a provider of dialysis services in the U.S.
Naylor, a portfolio company of RLJ Equity Partners, said Friday that it has acquired Boxwood Technology. No financial terms were disclosed. Boxwood Technology is a provider of online career centers and career-related services.
Chicago private equity firm Woodlawn Partners has acquired NewKota Services and Rentals. No financial terms were disclosed. Headquartered in Minot, North Dakota, NewKota is a provider of oilfield tanks, steam units and related equipment.
Digital media and tech company Kitara Media Group said Friday that it has agreed to sell over 12.7 million shares of its common stock at $.55 per share in a $7 million private placement. The transaction also includes the conversion of a $1 million promissory note held by Ironbound Partners Fund. Craig-Hallum Capital Group is acting as placement agent.
Athletic apparel retailer The Finish Line has agreed to increase its ownership stake in Running Specialty Group, a national network of specialty running shops. No financial terms were disclosed. The Finish Line operates the Running Specialty Group through a venture with Gart Capital Partners. As a result of the transaction, GCP will retain its ownership interest in RSG as well as two seats on the RSG board of directors. Also, RSG has named Bill Kirkendall as president.
Border Holdings, an affiliate of Argonne Capital Group, has agreed to acquire On The Border Mexican Grill & Cantina from Golden Gate Capital. No financial terms were disclosed. Argonne is teaming up with Fortress Investment Group on the deal. King & Spalding and McGuireWoods advised Argonne Capital Group on the transaction while Jefferies served as financial advisor to On The Border and Golden Gate Capital. On the Border is a Mexican restaurant chain.
Landmark Aviation, a portfolio company of Carlyle, has agreed to acquire Ross Aviation from Centre Partners. No financial terms were disclosed for the transaction, which is expected to be completed during the second half of 2014. Rothschild is advising Landmark on the deal while Harris Williams & Co. is advising Ross Aviation. Headquartered in Denver, Ross Aviation is a provider of fixed based operations throughout the U.S.
Lower middle-market private equity firm One Rock Capital Partners has raised $431.5 million in the final close of its initial fund. The target was $300 million. The fund's LPs include government and corporate pension plans, insurance companies and health organizations. Greenhill & Co. was the placement agent.