Iris Dorbian
GE Capital’s Franchise Finance said Monday that it has provided financing to Roark Capital Group to support its buy of Miller’s Ale House. No financial terms were disclosed. GE Capital also served as administrative agent for the transaction with GE Capital Markets acting as joint lead arranger and joint bookrunner. Based in Jupiter, Florida, Miller's Ale House is a casual dining chain.
Confie Seguros, a portfolio company of ABRY Partners, said Monday that it has acquired Economy Insurance Mart. No financial terms were disclosed. Based in Spring Hill, Florida, Economy Insurance Mart is a provider of auto, home and small commercial insurance.
EZE Trucking, a portfolio company of Atlantic Street Capital, said Monday that it has acquired Rig Runners. No financial terms were disclosed. Based in Houston, Texas, Rig Runners is a provider of freight and logistics services for the energy and industrial sectors.
Intelligence Clearing Network has named Virginia Cargill to its advisory board. Currently, Cargill is a venture partner at Alerion Partners, a private equity firm in Darien, CT. ICN is a provider of software solutions for grocery, drug and mass merchant retailers.
Blackstone said Monday that it has closed its acquisition of Strategic Partners from Credit Suisse. No financial terms were disclosed. Strategic Partners is a private equity business that specializes in buying stakes in funds from other investors.
American Century Investments has promoted Chris Krantz and Jeff Bourke to portfolio manager positions. In their new roles, both will serve on a team managing the firm's U.S. large cap quality growth and premier growth strategies. The appointments were effective August 1, 2013. Headquartered in Kansas City, Missouri, American Century Investments is a privately-held investment management firm.
ALPHAEON Corp., a portfolio company of Strathspey Crown, said Friday that it has acquired an exclusive U.S. license to sell Geneva-based TEOXANE Laboratories' full line of products. No financial terms were disclosed. TEOXANE Laboratories is a producer of hyaluronic acid-based wrinkle-filling products. ALPHAEON Corp., which is based in Newport Beach, Calif., is a provider of wellness and beauty products.
North Bridge, a provider of growth financing for early-stage entrepreneurs, said Friday that it has made several staffing changes. The company has promoted Matt Blodgett to partner and Holly Maloney to principal. Also, Kaitie Donovan has rejoined the firm as a principal. Prior to working at North Bridge, Blodgett was a vice president at Alta Communications while Maloney was an associate at America's Growth Capital. Donovan worked as an associate at North Bridge Growth Equity before attending and receiving an MBA from Dartmouth’s Tuck Business School.
Pembrook Capital Management said Friday that it has named Paul D. Mullaney as managing director of underwriting. Previously, Mullaney worked as a managing director at NXT Capital and before that, was a full-time consultant at Blackrock Financial Management. With offices in New York and Boston, Pembrook Capital Management is a commercial real estate investment firm.
Real estate investment firm Starwood Capital Group said Friday that it has acquired Liberty Center from Forest City Enterprises and Jos. L. Muscarelle for $135 million. Based in downtown Pittsburgh's "Golden Triangle," Liberty Center is a mixed-use office and hotel property that includes the Westin hotel and Federated Investors.