Iris Dorbian
Consonance Capital Partners, a private equity firm that invests in the healthcare sector, has named Nancy-Ann DeParle as a partner. Prior to joining Consonance Capital, DeParle most recently served in the Obama White House, first as counselor to the President and then as director of the White House Office of Health Reform. In the latter role, DeParle helped spearhead the President's campaign to enact the Affordable Care Act. DeParle also served under President Clinton as the administrator of the Centers for Medicare and Medicaid Services.
Perseus L.L.C., a merchant bank and private equity fund manager, said Wednesday that it has sold its stake in Physicians Interactive to the Global Health Innovation Fund. No financial terms were disclosed. Headquartered in Reading, Mass., Physicians Interactive is a provider of online and mobile clinical resources for the healthcare sector.
Castlight Health has hired Motasim Najeeb as vice president of engineering. In his new role, Najeeb will be responsible for managing Castlight’s engineering team and guiding technology developments. Headquartered in San Francisco, Calif., Castlight Health is a provider of health care solutions. It is backed by a number of investors that include Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock and Wellcome Trust.
Sterling Ocean Shipping, a portfolio company of Alterna Capital Partners, has received a $61.8 credit facility from CIT Maritime Finance. The loan is to support Sterling Ocean Shipping's acquisition of three tankers from STX Offshore & Shipbuilding Co. CIT Bank, the U.S. commercial bank subsidiary of CIT, provided the financing while CIT Maritime Finance arranged the transaction.
The Limited, a portfolio company of Sun Capital Partners, said Wednesday that it has named Diane Ellis as its CEO. The appointment is effective August 26, 2013. Prior to joining The Limited, Ellis served as president and COO of Brooks Brothers. Based in Columbus, OH, The Limited is a longtime fashion retailer that has 259 mall locations in the U.S.
PokitDok said Tuesday that it has hired two additions to its executive team. They are Jason Thibeault, who has been named senior vice president of marketing and Ryan Tarzy, who has assumed the role of senior vice president of business development. Based in San Mateo, Calif., PokitDok, which is backed by New Atlantic Ventures, Rogers Venture Partners and Subtraction Capital, is an online health marketplace that connects consumers with providers.
Virtual Bridges said Tuesday that it has named Dirk Luthro as its CFO. In his new position, Luthro will be responsible for global financial operations for the company. Prior to joining Virtual Bridges, Luthro served as CFO of Alereon. Headquartered in Austin, Texas and backed by Austin Ventures, Virtual Bridges is a provider of desktop cloud and virtualization solutions.
MCH Private Equity has sold Gamo Outdoor, S.L. to Bruckmann, Rosser, Sherill & Co, a New York-based private equity firm. No financial terms were disclosed for the transaction, which closed on August 2, 2013. Harris Williams & Co, a middle-market investment bank, served as advisor to Gamo. Based in Barcelona, Spain, Gamo is a producer of airguns.
Philadelphia-based private equity firm Versa Capital Management said Tuesday that it has acquired Hatteras/CABO from Brunswick Corp. No financial terms were disclosed. John Ward, CEO and president of Hatteras/CABO, will continue in his role. Based in New Bern, N.C., Hatteras is a maker of luxury motor yachts.
Georgia Oak said Tuesday that it will make an investment in Your Pie. No financial terms were disclosed. The funding will be used for growth and expansion. Your Pie is a pizza franchise brand with 17 locations in the southeast U.S.