Iris Dorbian

First Reserve, a global private equity firm focused on energy, said on Monday that it has hired Robert Hanna as a new asset manager. He will be working in the firm's Houston office. Prior to joining First Reserve, Hanna served as a senior director of asset management at Consolidated Asset Management Services.

CIT Group, a provider of financing to small businesses and middle market companies, said on Monday that its U.S. bank subsidiary, CIT Bank, has arranged a $210 million credit facility for The Jordan Company. The loan is for The Jordan Company's refinancing of a portfolio company, Haas Group International, a provider of chemical management services. CIT Corporate Finance served as joint lead arranger and joint syndication agent for the transaction.

Townsquare Media Group has entered into an agreement to buy three music sites from AOL as well as its ComicsAlliance site. No financial terms were disclosed. The sites are The Boot, the BoomBox and NoiseCreep. Together with ComicsAlliance, they will join Townsquare Media Group's national digital business, which reaches over 52 million U.S. monthly unique visitors. Based in Greenwich, CT, Townsquare Media Group is a portfolio company of Oaktree Capital Management.

Southport Lane, a New York City-based private equity firm, said on Monday that it completed its buy of Louisiana-based Imperial Management Corp. along with its largest subsidiary, Imperial Fire & Casualty, in an all-cash transaction. Financial terms were not disclosed. Imperial Fire & Casualty is a provider of insurance products. Imperial Fire & Casualty's President and CEO H. Marcus Carter, Jr. will continue to serve as a director as will John Emmett Brignac Jr., the chairman of Imperial Management.

Agilysys said on Monday that it has entered into an agreement to sell its Retail Solutions Group to an affiliate of Clearlake Capital Group, L.P. for $34.55 million in cash. The transaction is expected to close later this summer. Agilysys, which has offices in Alpharetta, GA, Cheshire, UK, Singapore and Hong Kong, is a provider of software and solutions to the hospitality and retail industries.

Altus Capital Partners said on Monday that it has closed the sale of Thermafiber, a provider of mineral wool insulation products, to Owens Corning, a producer of residential and commercial building materials. No financial terms were disclosed. BB&T Capital Markets provided financial advice to Thermafiber, which is based in Wabash, Indiana.

Wind Point Partners, a Chicago-based private equity investment firm, said on Monday that it has acquired Argotec. No financial terms were disclosed. Also, Guy Broadbent will join Argotec as CEO. Based in Greenfield, Mass., Argotec is a provider of coating and polyurethane solutions. GE Antares Capital and Ares Capital Corporation provided senior debt for the transaction.

The Sopra Group, a European provider of IT services, said that Hélène Martel-Massignac, CEO of Caravelle, a French private equity firm that backs the Sopra Group, has resigned from the company's board and as a member of its audit committee and compensation committee. Although the resignation was effective May 22, it was acknowledged in a meeting chaired on Thursday by Pierre Pasquier who heads Sopra Group's board of directors.

Mandalay Digital Group said on Thursday that it has added Jeff Karish and Rob Deutschman to its board of directors. Karish is the president of Windsor Media, a private investment company founded by Terry Semel, former CEO and chairman of Yahoo. Deutschman is vice chairman of Cappello Group, an investment banking firm. This announcement comes on the heels of Windsor Media closing a $1 million investment in Mandalay Digital common stock and warrants. Mandalay Digital is a global media and communications company headquartered in Los Angeles.

Visium Asset Management LP, a $4.5 billion hedge fund firm, said on Thursday that it is forming a new investment platform focused on healthcare royalties. The company has hired four people from Paul Capital, a private investment firm, to run the platform. They are Dr. Ken Macleod, John Leone, David Lippman and Julie Rahman. All will join Visium on June 1, 2013. The group will be based in Visium’s New York and London offices. Also, as part of Visium, they will also serve as sub-advisors to Paul Capital’s existing healthcare and royalty funds.