Delivery.com, LLC, an online service that connects customers to local businesses, said on Tuesday that it will buy the key assets of Brinkmat, LLC. This acquisition includes Brinkmat.com, a New York-based site for free local pick-up and delivery of laundry, dry cleaning and tailoring. No financial terms were disclosed. Delivery.com is a portfolio company of Cantor Ventures, the venture capital and enterprise development division of Cantor Fitzgerald.
Trimble, a provider of construction technology, said on Tuesday that it has it has acquired Trade Service Company, LLC, from the GF Capital Private Equity Fund, LP and senior management. No financial terms were disclosed. Based in San Diego, Calif., Trade Service is a provider of products for the architecture, engineering, and construction industries.
TYRX said on Tuesday that it has received a private investment from the California-based MemorialCare Innovation Fund. No financial terms were disclosed. Based in Monmouth Junction, NJ, TYRX is a provider of implantable medical devices designed to help reduce infections associated with implantable devices, such as pacemakers and defibrillators. MCIF is a strategic investment company owned by MemorialCare Health System.
The Gores Group, a global investment firm, and France Telecom-Orange, a worldwide telecom operator, said on on Monday that The Gores Group has completed the acquisition of Etrali, Orange Business Services – Trading Solutions, a subsidiary of France Telecom Orange. No financial terms were disclosed. As a result of the transaction, Etrali, Orange Business Services – Trading Solutions will be renamed Etrali Trading Solutions. Headquartered in Paris, France, Etrali Trading Solutions is a provider of convergent voice and electronic trading services for the financial communities.
TA Associates has partnered with its portfolio company SpeedCast, a Hong Kong-based global network and satellite communications service provider, to complete the acquisition of Pactel International, a satellite communications service provider based in Australia. TA completed a buyout of SpeedCast in September 2012 with a plan to execute a consolidation strategy in the Asia-Pacific satellite communications industry.
Incline Equity Partners said Tuesday it has sold Caldwell and Gregory LLC to Carousel Capital. Financial terms weren't announced. Manakin-Sabot, Va.-based Caldwell is a provider and servicer of laundry rooms for colleges, universities and multi-family housing communities.
H.I.G. Capital has made a strategic investment in Raymond Express International. Founded in 1983, REI is an asset-light logistics provider specializing in transportation solutions for temperature-sensitive products.
Private equity firm ChrysCapital has invested about $44.01 million in Indian consumer products maker CavinKare, writes Reuters. The investment will be used to strengthen and expand the brand portfolio of the south India-based consumer products company, CavinKare said, without disclosing further terms of the transaction.
Rexel's controlling shareholder Ray Investment has sold a 10 percent stake in the French electrical equipment supplier for 487.54 million euros ($635 million), as Ray's private equity owners further reduce their stakes, writes Reuters. It was the second recent sizeable Rexel stake sale by Ray, which is controlled by Clayton, Dubilier & Rice, Eurazeo, Bank of America Merrill Lynch and the Caisse des Depots et Consignations du Quebec.
Gladstone Investment Corporation has provided $8.75 million of debt and equity financing to Funko in support of the acquisition led by San Francisco-based private equity sponsor, Fundamental Capital in partnership with management. Gladstone Investment's affiliated company, Gladstone Capital Corporation also provided $8.75 million of debt and equity financing in support of the acquisition.