Iris Dorbian

The Halifax Group, a middle-market private equity firm, said on Tuesday that it has acquired Envision Pharma from a subsidiary of Express Scripts Holding Co. Halifax partnered with Envision management to complete the acquisition. No financial terms were disclosed. Based in Southport, Connecticut, Envision Pharma is a provider of technology and scientific communication that serves pharmaceutical, biotechnology and medical device companies.

Morgenthaler Private Equity said on Tuesday that it has recapitalized United Pipe & Steel Corp, a provider of steel pipe, copper tubing, plastic pipe, electrical conduit and related products.No financial terms were disclosed. Madison Capital Funding and RBS Citizens N.A. provided senior debt financing while Northwestern Mutual Capital provided subordinated debt financing. Mintz Levin advised MPE on the transaction, which closed June 12, 2013. UP&S President and CEO Greg Leidner will continue in his present role.

Evercore Mexico Capital Partners, the Mexican private equity arm of investment banking firm Evercore Partners, said on Tuesday that it has raised $201 million for Evercore Mexico Capital Partners III. EMCP III is a fund that will focus on making minority investments in family-owned and privately-held Mexican companies.

The National Venture Capital Association said on Tuesday that Bobby Franklin will become its next president and CEO starting in September 2013. Franklin comes to the NVCA from CTIA – The Wireless Association, where he has served as executive vice president. He will succeed Mark Heesen who will become president emeritus. Headquartered in Arlington, Virginia, NVCA is a trade association for venture capitalists.

NTT, the global IT and telecommunications services company, has entered into an agreement to acquire Solutionary. No financial terms were disclosed. The transaction is expected to close in the third quarter of 2013. Based in Omaha, Nebraska, Solutionary, which was recapitalized by Clearlake Capital in 2011,  is a provider of information security.

Travelocity Global said on Tuesday that it has agreed to sell its Holiday Autos brand to CarTrawler. No financial terms were disclosed. CarTrawler, which was backed by ECI Partners, is a car rental solutions based in Dublin, Ireland.

KPS Capital Partners, LP said today that its portfolio company, Waupaca Foundry, has completed a second recapitalization. Proceeds of the recap, a $125 million upsizing of the company's term loan, were used to fund a $125 million cash distribution to stockholders. GE Capital Markets acted as lead arranger for the loan. In February, Waupaca completed its first recap and paid out a $200 million cash distribution to shareholders.  Waupaca, Wis.-based Waupaca Foundry is a producer of gray and ductile iron castings.

3i Group plc said on Monday that it has agreed to sell its 64% stake in Trescal to AXA Private Equity. TCR Capital has also agreed to sell its minority stake in Trescal to AXA. The transaction is valued at approximately €250 million. Trescal is a global provider of services for the test and measuring equipment market.

The Carlyle Group said on Monday that it has closed €350 million for its new European CLO fund. The fund will invest in new issue and secondary market European senior bank loans. Barclays arranged the transaction.

EMag Solutions, LLC, a portfolio company of Patriarch Partners, said on Monday that it has promoted Randy Williams to an ESI consultant. Prior to his current position, Williams oversaw all phases of eMag's production department. Headquartered in Atlanta, EMag is a provider of data processing, restoration and management solutions.