Iris Dorbian
Lexington Partners said Wednesday that it has closed $1.57 billion for its third fund, Lexington Co-Investment Partners III. Limited partners include the Florida State Board of Administration and the New York State Teachers' Retirement System. Lexington Partners is a global alternative investment manager.
LCMS Solutions said Wednesday that it has named Dale L. Ziegler as CEO. Previously, Ziegler worked as a managing director with Carlisle Enterprises, a La Jolla, CA- based private equity investment firm. LCMS is a provider of clinical diagnostic information to doctors.
Isis Energy said Tuesday that it has secured a $150 million commitment from EnCap Flatrock Midstream. According to Isis Energy, the financing will be used to provide logistics and infrastructure for moving, storing and blending low-gravity crude and other products including residual fuel oil, asphalt and reclaimed products. Based in Houston, Texas, Isis Energy is a new midstream company focused on the transportation, storage and distribution of crude oil and related products.
Arthur Ventures, an early-stage venture capital firm based in Fargo, North Dakota, said Tuesday that it has raised $45 million for Arthur Ventures Growth Fund II. The fund will be used by Arthur Ventures to forge partnerships with entrepreneurs to develop innovative solutions and build high-growth businesses that shape new markets.
SierraConstellation Partners said Tuesday that it has named Winston Mar as a managing director. In his new position, Mar will provide advisory and interim management services to companies that are financially distressed or faced with volatile market conditions. Based in Los Angeles, Calif., SierraConstellation Partners is advisory firm that serves middle market companies and stakeholders in those firms.
Brookside Equity Partners and G. Scott Capital Partners have co-invested in Valterra Products. No financial terms were disclosed. Headquartered in Mission Hills, Calif, Valterra is a provider of fluid control products to the RV, pool and spa and industrial markets.
BiologicsMD, a portfolio company of VIC Technology Venture Development, said Tuesday that it named J. David Owens to the company’s newly created CEO position. Previously, Owens served as Chief Business Officer for Novira Therapeutics. Headquartered in Fayetteville, Arkansas, BiologicsMD is a developer of therapeutics for improving bone health.
Nixon Peabody said Tuesday that it has named Stacy L. Vezina as a partner to the firm's private equity practice. Vezina, who is based in Nixon Peabody's Boston office, previously worked at Ropes & Gray. Nixon Peabody is a law firm that specializes in advising institutional investors, private equity funds and portfolio companies.
Accenture has agreed to acquire Mortgage Cadence from Monitor Clipper Partners. No financial terms were disclosed. Headquartered in Denver, Colorado, Mortgage Cadence is a provider of loan origination software and electronic document management services in the U.S.
Linsalata Capital Partners, a middle market private equity firm in Cleveland, Ohio, has sold The Tranzonic Companies to Silver Oak Service Partners. No financial terms were disclosed for the transaction, which took place on July 5, 2013. Headquartered in Richmond Heights, Ohio, Tranzonic is a provider of maintenance, cleaning and safety products.