Iris Dorbian
Harbert Private Equity Fund II said Thursday that it has sold its portfolio company Travis to an affiliate of Main Street Capital Corp. No financial terms were disclosed. VRA Partners advised Travis in this transaction. Headquartered in Houston, Texas, Travis is a manufacturer of all-aluminum dump trailers.
Centerbridge Partners has agreed to make a "substantial" undisclosed minority investment in syncreon Holdings Limited. J.P. Morgan Securities, Morgan Stanley & Co. and Simpson Thacher & Bartlett advised syncreon in the transaction while Goldman Sachs and Weil, Gotshal & Manges advised Centerbridge. Syncreon, which is backed by GenNx360 Capital Partners, is a provider of supply chain services.
Bregal Partners has acquired US Community Behavioral. No financial terms were disclosed for the transaction, which was in partnership with US Community Behavioral management. US Community Behavioral is a provider of community-based residential and behavioral services to adults and children with intellectual and developmental disabilities.
Evercore said Thursday that it has named Matthew McAskin as a senior managing director in its healthcare group. Prior to joining Evercore, McAskin was a managing director and co-head of healthcare services investment banking at Goldman Sachs. Evercore is a global investment bank.
The Riverside Company has acquired BankersEdge as an add-on to its OnCourse Learning platform. No financial terms were disclosed. US Bank provided financing for the transaction. Based in Norristown, Penn., BankersEdge is a provider of corporate training and compliance solutions for bank and credit union workers.
Actis said Thursday that it has acquired a majority stake in Atlantic Energias Renovaveis for $169 million. Based in Brazil, Atlantic, which is also backed by Pattac and Servinoga, is a provider of renewable energy solutions.
First Reserve said Thursday that it has agreed to acquire Utility Services Associates. No financial terms were disclosed for the transaction, which is expected to close before the end of the year. Also, Michael Lennon, the former president, CEO and co-founder of InfrastruX Group, joins the USA management team. USA is a turnkey provider of critical outsourced services for power transmission, distribution and substation infrastructure in the Mid-Atlantic and Eastern U.S.
Hamilton Lane said Thursday that it has closed $900 million for its third secondary fund. The original target for the Hamilton Lane Secondary Fund III was $650 million. Hamilton Lane is a global private equity asset management firm.
Rhode Island-based Pet Food Experts has acquired Zeus and Company Pet Supply Distributors. No financial terms were disclosed. SDR Ventures was the buy-side advisor to Pet Food Experts in the transaction. Zeus is a maker and distributor of natural food products for pets.
Enhanced Recovery Company, a portfolio company of RLJ Equity Partners, has acquired TMone. No financial terms were disclosed for the transaction, which closed on August 30, 2013. Headquartered in Iowa City, Iowa, TMone is a provider of call centers specializing in business outsourcing.