Iris Dorbian

The Environmental Quality Company, a portfolio company of Kinderhook Industries, said Tuesday that it has acquired Allstate Power Vac. No financial terms were disclosed. Comerica Bank provided financing for the transaction. Based in Rahway, NJ, Allstate is a provider of industrial and environmental services in the Northeast U.S.

Veeam Software said Tuesday that Insight Venture Partners has acquired a minority stake in the company. No financial terms were disclosed. Also, Michael Triplett, managing director at Insight, joins Veeam's board of directors. And in other hiring news, Peter Ruchatz. formerly at Salesforce.com, will become Veaam's chief marketing officer. Headquartered in Baar, Switzerland, Veeam Software is a provider of backup, replication and virtualization management solutions.

MVC Capital has named Scott J. Schuenke as its chief financial officer. The appointment will become effective November 1, 2013. Schuenke will succeed the company's current CFO, Peter Seidenberg, who will transition into becoming a senior investment professional with the firm. Based in Purchase, NY, MVC Capital is a provider of long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies.

National Response Corporation, a portfolio company of J.F. Lehman & Company, said Tuesday that it has closed its acquisition of OP-TECH Environmental Services. No financial terms were disclosed. BNP Paribas Securities Corp. arranged the senior debt financing for the transaction. Headquartered in Syracuse, NY, OP-TECH is a provider of specialty environmental remediation and industrial services.

YL Ventures said Tuesday that it has raised $27.5 million for its second fund, YLV II. The fund will concentrate on investing in internet technology startups. Also, YL Ventures has promoted Ofer Schreiber to partner. Headquartered in San Francisco, Calif., YL Ventures is an early-stage venture capital firm that focuses on the Israeli market.

Boston-based venture capital firm .406 Ventures said Tuesday that it has promoted Greg Dracon from principal to partner. Prior to joining .406 Ventures, Dracon was a vice president at Core Capital Partners.

Genesis Biopharma said Tuesday that it has named Sanford J. Hillsberg and Dr. Jay Venkatesan to its board of directors, effective in two weeks. Also, Paul Kessler and David Voyticky have resigned as directors, also effective in two weeks. Previously, Hillsberg was the chairman of the executive committee of Medco Research. Dr. Venkatesan is the founder, portfolio manager and managing director of Ayer Capital Management, a global healthcare equity fund. Based in Los Angeles, Genesis Biopharma is a company focused on developing treatments for cancer.

Eckler Industries, a portfolio company of Baird Capital Partners, said Tuesday that it has acquired T-Bird Sanctuary. No financial terms were disclosed. As a result of this transaction, T-Bird Sanctuary with be merged with Eckler's MAC's Auto Parts division. The new company will be renamed MAC's Thunderbird Parts. Based in Titusville, Florida, Eckler is a provider of restoration parts and accessories for Chevrolet, Ford, Porsche, and Mercedes vehicles. T-Bird Sanctuary is a provider of restoration components for the Thunderbird market.

Accel Partners said Tuesday that it has named Hilary Mason as its data scientist in residence. In her new role, Mason, who will be working at Accel's New York office, will serve as an advisor to the firm's portfolio companies and assist with evaluating new technologies and investment opportunities. Based in Silicon Valley, Accel Partners is a venture capital and growth equity firm.

The Abraaj Group said Monday that it has entered into an agreement to sell its stake in Acıbadem Sağlık ve Hayat Sigorta A.Ş. to Khazanah Nasional Berhad, a strategic investment fund run by the Government of Malaysia. No financial terms were disclosed. Lazard and Raiffeisen Investment served as financial advisors to Abraaj and the Aydınlar family, another owner of Acıbadem Sigorta, for this transaction. Also, Mehmet Ali Aydınlar will retain a 10% stake in the company and remain as chairman of Acıbadem Sigorta. Acıbadem Sigorta is a provider of health insurance services for corporate and individual clients in Turkey.