Iris Dorbian

Novacap, which is backed by AXA Private Equity, has purchased a majority stake in Yangzi. No financial terms were disclosed. Based in China, Yangzi is a chemical company.

Brynwood Partners said Monday that it has acquired the Lightlife brand from ConAgra Foods. No financial terms were disclosed. The acquisition also includes the Lightlife manufacturing facility in Turners Falls, Mass. Lightlife, which will be based in Boston, is a producer of meatless food items.

PCA Medical Group, a portfolio company of Enhanced Equity Funds, said Monday that it has expanded its management team with several new hires. Robert J. Bunker has been named chairman and chief executive officer while Dr. Jose Guethon is now chief medical officer and chief operating officer. Also, Enrique Diaz-Granados has been tapped to be the company's chief growth officer; Eric E. Campbell is now chief financial officer; and Reney Lizotte, RN, BSN, has become director of of healthcare services. Headquartered in Tampa, Fla, PCA Medical Group is a provider primary care services and coordinate care.

Baird Capital said Monday that its portfolio company Justrite Manufacturing Company has acquired U.S. Chemical Storage. No financial terms were disclosed. U.S. Chemical Storage is a provider of hazardous material storage solutions.

OnDeck said Monday that it has received over $130 million in credit facilities from Deutsche Bank, Key Bank and Square 1 Bank. Headquartered in New York City, OnDeck, which is backed by Google Ventures, SAP Ventures, RRE Ventures and Institutional Venture Partners, is a small business lender.

Sequitur Energy Resources has received an undisclosed investment from ACON Investments and The Pritzker Organization. According to the company, the financing will be used to acquire and develop oil and gas assets in the U.S. Based in Houston, Texas, Sequitur is a provider of energy management services for exploration companies.

24 Hour Fitness, which is backed by Forstmann Little & Co, has named Elizabeth Blair as president and CEO. Blair succeeds former CEO Carl Liebert, who left the company in May 2013 to head USAA Capital Corp. Headquartered in San Ramon, Calif., 24 Hour Fitness is a national gym chain.

Singapore-based investment firm Temasek said Friday that it has named Dr. Wu Yibling to head its China operations. The appointment is effective October 1, 2013. Dr. Wu will succeed Ding Wei who will become advisory senior director for China. Currently, Dr. Wu is the chairman and CEO of Gladstone Investment Co., the investment unit of China's CITIC Securities. He is also the president of CITIC Private Equity Funds Management.

Cloud Security Corp. said Friday that it has secured $2 million in funding from Kodiak Capital Group, an institutional investor. Under terms of the transaction, Cloud Security Corp. can sell up to $2 million of its stock to Kodiak for one year. According to Cloud Security, proceeds of the sale will be used for expansion and "general corporate purposes." Based in Newport Beach, Calif., Cloud Security Corp. is a provider of cloud computing solutions.

Pacira Pharmaceuticals said Friday that Luke Evnin, managing director at MPM Capital, and Fred Middleton, general manager at Sanderling Ventures, will be leaving the board effective September 30, 2013. Also, the company has named Dr. Mark A. Kronenfeld and Dennis L. Winger to its board. With offices in New Jersey and California, Pacira is a specialty pharmaceutical company focused on developing new products for acute care practitioners and their patients.