Iris Dorbian
Wear PACT has raised an undisclosed amount of equity financing from Revelry Brands. According to the firm, the capital infusion will be used for distribution, personnel hiring and product development. Based in Boulder, Colorado, Wear PACT is an apparel brand. It was acquired by Revelry Brands in 2001.
AAMP of America, a portfolio company of Audax Private Equity, has closed its buy of Armour Automotive. The seller was Armour Group Plc. No financial terms were disclosed. GE Capital provided financing for the acquisition. Based in the UK, Armour Automotive is a provider of branded connectivity and audio solutions for the in-vehicle entertainment and communication sectors.
Private equity firm Siguler Guff & Company has closed approximately $650 million for its third BRIC opportunities fund. The firm has also closed three emerging markets-focused separate accounts.
KKR said Tuesday that it is acquiring Aceco TI from General Atlantic and other shareholders. No financial terms were disclosed for the transaction, which KKR is making in partnership with Aceco's CEO Jorge Nitzan who will both continue in his position and hold a minority stake in the firm. Based in Brazil, Aceco is a provider of data center design, implementation and maintenance solutions in Brazil and Latin America.
Innovative Interfaces, a portfolio company of HGGC, has acquired Polaris Library Systems. No financial terms were disclosed. Headquartered outside Syracuse, NY, Polaris Library Systems is a provider of integrated library systems technology.
Global law firm Jones Day has hired Louis Mercedes as a partner in its private equity practice. Prior to joining the firm, Mercedes, who is based in Boston, was a partner at Edwards Wildman Palmer.
SunTrust Robinson Humphrey, the corporate and investment banking arm of SunTrust Banks, has acquired Lantana Oil & Gas Partners. No financial terms were disclosed for the transaction, which was completed on March 31, 2014. Based in Houston, Lantana Oil & Gas Partners, which will be renamed Lantana Energy Advisors, is an acquisition and divestiture firm in the exploration and production sector.
Marlin Equity Partners has raised $400 million in the final close of its Heritage Fund. The pool's initial target was $250 million.
Financial services investment bank KBW has named Halle Benett as co-head of diversified financials investment banking. Previously, he worked at Ares Management where he served as senior advisor. KBW is a subsidiary of Stifel Financial Corp.
H.I.G. Capital said Tuesday that it has made a "significant investment" in Office Total. Based in Rio De Janeiro, Brazil, Office Total is a managed print services provider.