Britannia Mining said Tuesday that it is expecting to receive well over $25 million in funding from European private equity firm REM Capital. According to Britannia Mining's management, the company is expecting a figure closer to $40 million. With offices in New York, the UK and Malawi, Britannia Mining is a mining development company.
Fifth & Pacific Cos Inc said it would sell its Lucky Brand Jeans business to private equity firm Leonard Green & Partners LP for $225 million as it focuses on its fast-growing, higher-end Kate Spade brand, Reuters reported.
Starmount said Tuesday that it has received funding from Kayne Partners, the private equity group of Kayne Anderson Capital Advisors. No financial terms were disclosed. Based in Austin, Starmount is a provider of mobile selling and omni-channel customer engagement solutions for retailers.
JAMF Holdings said Tuesday that it has raised $30 million in financing. Summit Partners led the round with participation from GSV Capital Corp. In conjunction with the funding, Greg Goldfarb, a managing director at Summit Partners, will join JAMF's board of directors. JAMF Holdings is the parent company of Minneapolis-based JAMF Software, a provider of Apple device management solutions.
Personify has received an investment from private equity firm Rubicon Technology Partners. No financial terms were disclosed. Headquartered in Vienna, Virginia, Personify is a provider of software solutions for the association and nonprofit markets.
Investment firm Salient Partners said Tuesday that it has bought Houston-based Teton Strategic Investments. No financial terms were disclosed.
Friedkin Capital Partners has made an undisclosed investment in Auberge Resorts. Moelis & Company advised Auberge Resorts in the transaction. Also, Dan Friedkin, owner of Friedkin Capital Partners, has been named chairman of Auberge Resorts' board. Mark Harmon, CEO and founder of Auberge Resorts, will continue in his role. Auberge Resorts owns luxury resorts, residences and private clubs across North America.
Platinum Equity said Tuesday that it has agreed to acquire Volvo Rents from the Volvo Group. No financial terms were disclosed for the transaction, which is expected to close in the first quarter of 2014. Volvo Rents is a North American provider of small-to-medium sized rental equipment that serves multiple industries, including construction, oil and gas and industrial manufacturing.
SFW Capital Partners' portfolio company MD Buyline, which provides healthcare clinical and technology information and analytics, has completed a recapitalization. The proceeds of the recap were used to fund a cash distribution to stockholders.
Adveq and the London Pensions Fund Authority, a local government pension scheme fund have made their first direct co-investment with Next Wave Partners, a UK-based growth capital investor. The investor group has backed Secured Mail which specialises in efficient bulk mail and e-commerce packet delivery.