DCI Design Communications has secured an undisclosed investment from Light Beam Capital. Also, DCI has appointed Charbel Zreik as its new CEO while Brandon Cope of Peterson Partners and Rich Kelley of Search Fund Partners have been added to DCI's board of directors. Headquartered in Syosset, NY, DCI is a provider of IT solutions for the hospitality sector.
SB Capital Partners has acquired San Diego, Calif.-based lawn care firm Aerations Only. No financial terms were disclosed. Aerations Only has been renamed as The Lawn Guys.
Siris Capital has closed its buy of the Junos Pulse business from Juniper Networks. No financial terms were disclosed. The Junos Pulse business will now be known as Pulse Secure. Based in San Jose, Calif., Pulse Secure is a provider of access and mobile security solutions.
Mister Car Wash, a portfolio company of Leonard Green, has closed $15.1 million in financing from Penfund. Based in Tucson, Arizona, MCW is a car wash chain.
Zafin, a provider of relationship banking software to the financial services industry, has received US$15 million in funding from U.S. private growth equity investor Kayne Partners. Proceeds of the deal will enable Zafin to expand its international sales and marketing efforts, as well as accelerate its product roadmap. Based in Vancouver, the company was founded by CEO Al Karim Somjii in 2002. Zafin is also a portfolio investment of Canadian growth finance firm Beedie Capital Partners, which provided $5 million in convertible debt and standby facilities to the company last December. Kayne Partners is a subsidiary of Kayne Anderson Capital Advisors.
Contract research organization JSS Medical Research Inc has secured an undisclosed equity investment from Capital Croissance PME (CCPME), a fund affiliate of the Caisse de dépôt et placement du Québec and Capital régional et coopératif Desjardins. Proceeds will be used to support the company's consolidation in Latin America and Canada and help advance its expansion into the emerging markets. Based in Montréal, JSS Medical offers comprehensive clinical trial management services, from study design to publication of results, in Phase I-IV trials across a broad range of therapeutic areas. CCPME II was capitalized at $230 million in April 2013.
Canadian private equity firm Onex Corp has completed its previously announced acquisition of York Risk Services Group Inc, a provider of risk management, claims management and managed care services, for US$1.325 billion. The seller in the transaction was U.S. private equity firm ABRY Partners, which bought the Parsippany, New Jersey-based company in late 2010. Onex said it made the investment through Onex Partners III LP, but that going forward the firm will be investing from Onex Partners IV LP, which closed at US$5.15 billion in May.
An affiliate of Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a US$110 million bid, but the losing bidder told Reuters he planned to fight the sale. The auction for the shuttered hotel and casino, which cost US$2.4 billion to build, concluded early Wednesday. Asked if he would challenge the result in court, Florida developer Glenn Straub said: "Absolutely."
Egypt's EFG Hermes Holdings said its private equity arm bought a 49 percent stake in wind power firm EDPR France for $208 million, according to a statement on Wednesday, its first investment outside the Middle East and Africa.
China Investment Corp (CIC) and AVIC Capital Co Ltd have ended talks to acquire Avolon Holdings Ltd, making it likely that the aircraft leasing company will pursue an initial public offering, sources told Reuters.