Iris Dorbian
Middle market private equity firm HGGC has made an undisclosed investment in AutoAlert. The Presidio Group advised AutoAlert on the transaction. Based in Irvine, Calif., AutoAlert is a provider of data mining and portfolio management solutions to automotive dealers across North America.
The Riverside Company said Tuesday that it has made an undisclosed investment in BeneSys. THL Credit and PNC provided financing for the transaction. Jones Day and Deloitte served as advisor to Riverside. Based in Troy, Michigan, BeneSys is a provider of third-party administration services for employee healthcare and pension benefit programs for Taft-Hartley multiemployer plans.
Investment banking firm Peter J. Solomon Company has promoted Jeffrey Jacobs and Mark Boidman to managing directors in the firm’s mergers & acquisitions group. Prior to joining PJSC, Jacobs worked at Compass Advisors while Boidman worked at Barclays Capital.
Digital media firm Captivate Network, which is owned by Generation Partners and Gannett, said Tuesday that it has agreed to acquire Office Media Network. No financial terms were disclosed. Office Media Network is a provider of content on digital signage screens in office buildings.
Rural Broadband Investments, a portfolio company of GTCR, has completed the acquisition of City Cable from The City of Poplar Bluff, Missouri. No financial terms were disclosed. RBC Capital Markets advised RBI and GTCR on the transaction.
LineStar Services, a portfolio company of Blue Point Capital Partners, has acquired Slaughter and Stanley Construction. No financial terms were disclosed. Based in Texas, S & S is a provider of pipeline maintenance and installation solutions to energy companies.
Phibro Animal Health Corp, which is backed by 3i Group, said Monday that it has priced its IPO of over 11 million shares at $16 and $18 per share. The stock will trade on the NASDAQ under the ticker symbol "PAHC." BofA Merrill Lynch, Morgan Stanley and Barclays are the lead underwriters. Based in Teaneck, NJ, Phibro is a maker of animal health and mineral nutrition products.
Mercury Payment Systems, a portfolio company of Silver Lake, has filed for an IPO. The number of shares that will be offered as well as the stock's pricing terms have yet to be set. J.P. Morgan Securities, Barclays Capital and Morgan Stanley & Co. are serving as lead underwriters. Based in Durango, Colorado, Mercury Payment Systems is a provider of payments solutions for small and medium-sized businesses in the U.S. and Canada.
Kuwait Projects Co, the Gulf state's largest listed investment company, plans to start the process for an initial public offering of shares by its pay-television unit OSN within weeks, it said on Monday.
The Riverside Company has made an undisclosed investment in Harvey Tool Company. GE Antares Capital and Ares Capital Corp. provided financing for the transaction. Jones Day served as advisor to Riverside. Based in Rowley, Mass., Harvey is a provider of specialized cutting tools.