PEI Staff
This weeks jobs include analyst positions at Fortress and Vista Equity, a director of investments at Rutgers University, and an associate at Blackstone.
In First Read, the U.S. says it may not need Apple’s help to unlock iPhone, Hulk Hogan awarded another $25 mln from Gawker and its founder, former Intel CEO Andy Grove, who taught Silicon Valley how to do business, dies.
iCapital Network, an online private equity and alternative investments marketplace, agreed to acquire HedgeFocus from Credit Suisse. Financial terms were not disclosed. The HedgeFocus portfolio contains more than 20 hedge fund access vehicles representing approximately $1.8 billion in assets.
Houston-based Sunnova Energy Corp, a provider of rooftop solar service to homeowners, secured a $300 million equity investment from Energy Capital Partners. In November, Sunnova raised about $300 million from investors including Triangle Peak Partners and Franklin Square Capital Partners.
YFM Equity Partners and Octopus Investments sold their stake in Callstream Group Ltd for an undisclosed sum to J2 Global Inc, a publicly traded technology company based in Los Angeles. UK-based Callstream provides cloud-based call management technology to the insurance, travel and retail markets.
Stellex Capital Management acquired family-owned Morbark LLC, a maker of wood chippers and deforestation equipment based in Michigan. Financial terms of the deal were not disclosed.
CI Capital Partners acquired a majority interest in Hero Digital, a digital consulting firm based in San Francisco. Terms of the transaction were not disclosed. Hero's management retains a significant equity stake in the company.
Riverside Partners promoted Patrick Dooling to principal. Dooling joined Riverside in 2014 as a vice president. He previously worked in Bain Capital's global private equity group. Boston-based Riverside is currently investing out of Fund V, a $561 million equity fund.
Irish investment firm Danu Partners acquired Boston-based The Smith & Wollensky Restaurant Group Inc, an operator of upscale steakhouses, from Bunker Hill Capital. Financial terms of the transaction were not disclosed. The deal gives Danu ownership of 7 of the 8 U.S. locations as well as Smith & Wollensky London, which Danu opened under license from Smith & Wollensky in June 2015.
In Second Opinion, Sequoia Capital is looking to raise up to $1.5 bln for China funds, Moat raises $50 mln to develop a currency for buying and selling online ads, and Apple unveils a smaller, cheaper iPhone SE aimed at new buyers.