Iris Dorbian

EnerTrac said Thursday that it has named George Dannecker as CEO. He will be replacing Steve Owens, who has been appointed CTO of EnerTrac. Recently, Dannecker served as founder of Vette Corp. Also, EnerTrac, which is backed by Milestone Venture Partners, City Light Capital and Harbor Light Capital Partners, has received an undisclosed amount in Series A-1 funding from its existing investors. Based in Hudson, NH, EnerTrac is a provider of low-cost sensors.

H.I.G. Capital has made a strategic investment in Creme Mel Sorvetes. No financial terms were disclosed. Creme Mel Sorvetes is a Brazilian ice cream company.

Trive Capital Holdings, an investment firm in Dallas, Texas, said Thursday that it has raised $300 million for its first fund, Trive Capital Fund I LP. The fund plans on investing in North American-based lower middle market companies. MVision Private Equity Advisers served as exclusive fundraising advisor for the fund.

The Men's Wearhouse said Thursday that it has inked an agreement to acquire JA Holding, a portfolio company of J.W. Child Associates, for approximately $97.5 million in cash. The transaction is expected to close in the third quarter of 2013. JA Holding is the parent company of American clothing brand Joseph Abboud. J.P. Morgan Securities served as financial advisor to Men's Wearhouse for the transaction while North Point Advisors acted as financial advisor to JA Holding. The Men's Wearhouse is a North America-based specialty retailer of men's apparel.

RiskIQ said Thursday that it has closed $10 million in Series A funding from Summit Partners, a global growth equity firm. According to RiskIQ, the funding will be used for product development and investments in sales, marketing, and other business development activities. Headquartered in San Francisco, Calif., RiskiIQ is a provider of internet security solutions.

Gray & Company, an independent investment advisory firm, said Thursday that it has made several personnel changes in its leadership team. Chief Administration Officer Yolanda Waggoner-Foreman and Chief Operating Officer Robert C. Hubbard will assume the roles of Co-CEOs, effective immediately. Both will be responsible for the day-to-day management of the company. Laurence O. Gray, who is currently president and CEO, will continue in his role as president of the company while transitioning out of daily management. Also, Peter Lupoff, who was previously CIO of Gray’s alternative investment division, has been named CIO for the entire firm.

Pinstripe, a portfolio company of Accel-KKR, said Thursday that it has acquired the UK-based Ochre House. No financial terms were disclosed. Also included in the transaction are TAAHEED and Carmichael Fisher, two strategic resourcing firms that Ochre House acquired in 2012. Ochre House is an international provider of recruitment outsourcing and talent management.

BioAmber said Thursday that it has received a $25 million loan from Hercules Capital. The financing is in addition to the $71.9 million that BioAmber raised for its IPO in May 2013. Based in Minneapolis, Minn., BioAmber is a sustainable chemicals company.

Huron Capital Partners has beefed up its team with four new hires. They are Heather Madland, Mark Miller, Tod Pesses and Mike Zukas. All will play key roles in helping deploy the firm's $500 million fund, The Huron Fund IV. Madland serves as vice president of deal origination while Miller has been tapped to be vice president for Huron's transaction team. Pesses and Zukas have been named analysts.

Pasteurization Technology Group said Wednesday that it has hired Mark Hughes as director of power generation. Previously, Hughes worked at Solar Turbines, where he held senior positions in both controls engineering and marketing. Based in California, PTG, which is backed by EIC Ventures and Kennington, is a provider of wastewater disinfection solutions.