AxelaCare Health Solutions, a provider of specialty home infusion services, has acquired Los Angeles-based ARC Infusion, a privately owned home infusion services company, from founder Rose Lee. Terms of the transaction were not disclosed. AxelaCare is a portfolio company of Harvest Partners.
CVC Capital Partners has backed AVAST Software, a consumer security software company. The investment values AVAST at $1 billion.
Capewell Components Company, a portfolio company of New York-based Meriwether Capital has been acquired by CapitalWorks of Cleveland, OH. Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Capewell Components Company.
Sun European Partners has acquired the Invensys Appliance division from its parent company Schneider Electric, a global specialist in energy management, based in France. Upon completion of the transaction, Invensys Appliance will become the Robertshaw Controls Company.
U.S. private equity firm The Carlyle Group has completed its previously-announced purchase of Diversified Global Asset Management Corp (DGAM), a Canadian hedge funds manager with more than US$6.7 billion in managed and advised assets. The financial terms of the deal remained undisclosed. Carlyle said DGAM will join its solutions platform alongside AlpInvest Partners, a private equity fund-of-funds with US$48 billion of assets under management, and Metropolitan Real Estate Equity Management LLC, a real estate multi-manager with US$2.6 billion in commitments. Founded in 2004, the Toronto-based DGAM invests on behalf of institutional investors.
Harbour Equity Joint Venture Development Fund, which is managed by Canadian real estate private equity firm Harbour Equity Capital Corp, reported that it has closed five joint venture developments in Alberta and Ontario since its inception in June 2013. To date, more than half of the fund's capital has been committed to ventures, representing nearly $100 million in total development costs. Based in Toronto, Harbour Equity invests in mid-size developers in Canada by way of joint venture for new developments and redevelopments where value-add opportunities exist. Development projects may include for-sale and for-rent residential, retail, office, and industrial projects.
Koda Distribution Group has bought for an undisclosed price The DeWolf Companies, which includes DeWolf subsidiary Tempo Canada ULC, an Oakville, Ont.-based distributor of specialty and commodity chemicals, ingredients and nutraceuticals. Tempo Canada was acquired by the Warwick, R.I.-based DeWolf in Apr. 2012. Koda said all DeWolf companies will now form operating entities within the newly created Koda care business unit and will continue to operate in the same capacity as before the acquisition. Based in Stamford, Connecticut, Koda is a specialty chemicals distribution business, and has been a portfolio investment of U.S. private equity firm Audax Group since 2010.
GSO Capital Partners, the credit division of Blackstone, has committed $200 million in equity financing to Lobo Leasing. Based in Dublin with additional offices in the San Francisco Bay area, Lobo Leasing is a global helicopter leasing company.
Aurora Resurgence, an affiliate of Aurora Capital Group, has closed its buy of Arc International Cookware S.A.S. and its subsidiaries, Arc International Cookware Spain & Portugal, Arc International Cookware Srl and Arc International Cookware Ltd. The seller was Arc International Group S.A. No financial terms were disclosed. The company will be re-named International Cookware effective immediately. Based in Paris, International Cookware is a maker of cookware products.
Pamlico Capital has acquired a majority interest in Franklin, Ohio-based Valued Relationships, a provider of healthcare monitoring. Value Relationships' chief executive officer Chris Hendriksen and president Andy Schoonover will keep significant ownership stakes in the company and continue to manage in partnership with Pamlico.