North Castle Partners has completed its sale of Naked Juice Co. to PepsiCo (NYSE: PEP). No financial terms were disclosed. Naked Juice is an Azusa, Calif.-based premium juice company with annual sales in excess of $150 million. www.northcastlepartners.com
Basic Care Networks Inc., a Marina Del Rey, Calif.-based healthcare services holding company, has canceled a proposed $70 million IPO. Sloan Equity Partners holds a 14.2% ownership position.
Harsco Corp. (NYSE: HSC) has agreed to acquire Excell Materials Inc., a Pittsburgh-based developer of minerals technologies for commercial applications through the reclamation and recycling of high value content from steelmaking slag, from Merit Capital Partners. No financial terms were disclosed. Excell posted 2006 sales in excess of $100 million. http://www.excellminerals.com/
Forbion Capital Partners has launched as a spinout of the life sciences VC team of ABN Amro Capital. Its initial fund is Euro 200 million, with ABN Amro holding a 25% stake and Coller Capital underwriting the remainder. www.forbion.com
TriLyn LLC and Investcorp have held a $100 million for close on TriLyn-Investcorp Mezzanine Partners I, a fund that will make structured mezzanine and other high-yielding debt and preferred equity deals in U.S. commercial and residential real estate. The initial $100 million came from Investcorp, its clients and the Bank of Scotland. Additional capital commitments […]
HM Capital Partners has selected JPMorgan to provide fund administration services. As part of the deal HM Capital's existing fund administration team will become part of JPMorgan Private Equity Fund Services, and will continue to support HM Capital as a third party administrator. http://www.hmcapital.com/ http://www.jpmorgan.com/
Callan Associates has promoted Greg Allen to president, with former president Ronald Peyton to remain as CEO and COO. Peyton also has been named firm chairman, with founder Edwin Callan becoming chairman emeritus. http://www.callan.com/
Quadrangle Group has made the following promotions: Jeffrey Nordhaud to managing principal; David Crosby, Andrew Frey and Henry Ormond to principal; Stacey Harris, Amanda Siegel and Chun Won Yi to vice president; and Mike Gillin to vice president of fund operations. http://www.quadranglegroup.com/
Tim Whitmire has joined Edgeview Partners as vice president of marketing and communications. He previously headed The Associated Press' Charlotte, N.C. bureau. http://www.edgeviewpartners.com/
BioPassword Inc., a Issaquah, Wash.