Swedish private equity firm Nordic Capital and Denmark's TryghedsGruppen are in a consortium preparing to bid for Europe's second-largest card payment services company Nets, Reuters reported.
The Center for Innovative Technology's CIT GAP Funds invested in DivvyCloud, a Virginia-based startup that provides software to optimize hybrid cloud-based IT infrastructure. CIT GAP Funds has invested in more than 90 companies across Virginia, deploying more than $10 million of public funds and attracting more than $135 million more in private funding since inception.
The Riverside Company is to invest in Allerød, Denmark-based DPA Microphones. DPA is a manufacturer of high-end microphones for demanding professional users in application areas, such as theatre, broadcast, public address/live and studio.
Thoma Bravo has sold portfolio company Entrust to Datacard Group. Financial terms were not disclosed.
PA Group, the parent company of the Press Association, has signed an agreement to sell its weather business MeteoGroup to global growth investment firm General Atlantic. MeteoGroup provides weather services for corporate, industrial, media and consumer markets including key sectors such as transport, marine and energy.
SFW Capital Partners has recapitalized for the second time its portfolio company AGDATA, which provides strategic data and analytical solutions to agricultural inputs and animal health manufacturers. The proceeds of the recap, as a result of increasing the company's term loan, were used to fund a cash distribution to shareholders.
Crescendo Biologics has raised 17.5 million pounds ($28 million) in a Series A financing led by Imperial Innovations and including new investor Astellas Venture Management. Founding seed investor Sofinnova Partners also contributed significantly to the round.
Industrial Opportunity Partners has partnered with the current management team and owners of KIC in an investment to support a recapitalization of the business. KIC is a North American supplier of wheel-end components for heavy and medium-duty trucks and trailers.
KKR said it would acquire its specialty finance company KKR Financial Holdings in a $2.6 billion deal, paid for with KKR shares trading at an all-time high, that will boost the private equity firm's dividends, writes Reuters. Launched by KKR in 2004 to invest primarily in a variety of corporate loan and bond instruments, KFN now has a market value of $1.9 billion, a fraction of KKR's $17.7 billion market capitalization.
Croft & Bender, an Atlanta-based investment banking and private equity firm, has sold The Work Connection to TrueBlue. Headquartered in Minneapolis, MN, The Work Connection is a provider of business staffing solutions with more than 50 locations across nine states.