PEI Staff
New Mountain Capital LLC hired Teddy Kaplan as a managing director. Kaplan will head New Mountain’s efforts to add net lease real estate to the firm’s existing range of credit and yield offerings. Previously Kaplan was a managing director in the net lease real estate group of Angelo, Gordon & Co.
In First Read this morning, Yelp names its top 100 restaurants of 2016, Twitter shares fall as much as 12 percent after hours on contracting user base and Yahoo announces first round of layoffs as it trims 15 percent of workforce.
EIV Capital made a $40 million investment commitment to launch Houston-based CAM Integrated Solutions LLC, a provider of engineering, procurement and construction management services to the oil and gas industry. EIV Capital invested out of its most recent fund, EIV Capital Fund II LP, which closed in December 2014.
Natural Gas Partners (NGP) made a $150 million equity commitment to Black Mountain Oil & Gas LLC, an energy company based in Fort Worth, Texas. NGP invested from NGP Natural Resources XI LP, its $5.325 billion private equity fund.
KarpReilly LLC acquired Zola, a maker of coconut water drinks, Acai juice, and chocolate covered fruit. Financial terms were not disclosed.
Tuckerman Capital is seeking to raise $60 million for its fifth fund, according to a regulatory filing. The firm, which invests in niche manufacturing companies, has secured $25 million so far, the filing said.
Gen Cap America Inc sold OFM LLC, an office furniture distributor based in North Carolina. Cap America acquired OFM in June 2012 with capital from its Southvest Fund VI.
Vinson & Elkins hired Paul Dunbar as a partner in the firm’s London office. Dunbar, whose practice focuses on private equity and special situations funds, was previously a partner at Cadwalader, Wickersham & Taft LLP.
Capricorn Healthcare & Special Opportunities closed its second fund at its hard cap of $350 million. Capricorn Healthcare now manages funds with total capital commitments exceeding $695 million.
Insurance agency The Hilb Group LLC, a portfolio company of ABRY Partners, acquired Dowling & O’Neil for an undisclosed amount. ABRY invested in The Hilb Group in June.