JC Flowers wins bid for insurance broker CEP – Reuters
New York-based J.C. Flowers won a bid to enter exclusive talks to buy Compagnie Europeene de Prevoyance, Reuters reported. Compagnie Europeene de Prevoyance is a French loan insurance broker. Financial terms were not disclosed. However, a source familiar with the matter said the deal with French private equity firm PAI Partners valued the company at...
Peixe Urbano Announces Gets Investment From General Atlantic
PeixeUrbano received a growth capital investment from General Atlantic. The financing round included participation from Tiger Global Management. PeixeUrbano plans to use the capital for recruiting, new marketing campaigns and geographical expansion. PeixeUrbano of Brazil is a collective buying website.
Onex Corp. To Invest $675M In US-based Door Maker – Reuters
Onex Corp. plans to invest $675 million in JELD-WEN Holdings Inc., Reuters reported. It intends to pay $475 million to acquire a 39 percent stake in the Oregon-based door maker.Onex Corp. of Canada plans to invest $200 million through a convertible note that can be redeemed within 18 months.
PineBridge Investments Names C. Kim Goodwin and Don Wilson III to Board
PineBridge Investments named both C. Kim Goodwin and Don M. Wilson III as non-executive members of its board, effective immediately. Goodwin most recently served as managing director and head of equities for Credit Suisse’s Asset Management Division. Wilson was chief risk officer of JP Morgan Chase & Co. from 2003 until his retirement in 2006....
New Enterprise Associates Hires Papadopoulos As A Venture Partner
New Enterprise Associates Inc. hired Greg Papadopoulos, Ph.D. as a venture partner. He will work closely with seed and early-stage companies in NEA's portfolio to help guide fundamental technology development and define go-to-market strategy. Papadopoulos began working with NEA as entrepreneur in residence in 2010.
Benecard Services Names Drew Crawford President, CEO Of Benecard PBF
Benecard Services Inc. hired a former Caremark official as president and chief executive officer of its prescription benefit facilitator, Benecard PBF. Drew Crawford is assuming the role at the administrator of prescription benefits and services to public and private plan sponsors. Crawford, 37 years old, was most recently a principal with Crawford-Ross, which is a...
Tobira Therapeutics Names Andrew Hindman As President and Chief Executive
Tobira Therapeutics Inc. hired Andrew Hindman as president and chief executive officer. Hindman was Nodality Inc.’s senior vice president of corporate development.Tobira is a N.J.-based biopharmaceutical company that is focused on developing therapies for HIV infection. It is backed by Domain Associates, Frazier Healthcare Ventures, Montreux Equity Partners and Canaan Partners.
Ropes & Gray Hires Will Rosen; Bill Mone To Transfer To London From Boston
Ropes & Gray hired Will Rosen to strengthen the firm’s London practice. Rosen previously worked for DLA Piper in London. He was a partner in DLA’s corporate group and head of private equity, EMEA. Rosen is expected to join the practice in mid-2011. In addition, Ropes & Gray’s private equity partner Bill Mone will transfer...
Waud Capital’s Acadia Healthcare Buys Youth & Family Centered Services Inc.
Acadia Healthcare Co. acquired Youth & Family Centered Services Inc. Terms were not disclosed. Acadia is a portfolio company of Waud Capital Partners. Youth & Family, Austin, Texas, operates 13 behavioral healthcare facilities for youths and adolescents in eight states. The combined company will operate more than 1,700 patient beds and generate more than $260...
Golub Capital BDC To Offer 3.5M Shares
Golub Capital BDC Inc. (Nasdaq: GBDC) commenced a public offering of 3.5 million of its common shares. In connection with the offering, the company plans to grant the underwriters an over-allotment option to purchase up to 525,000 more shares. Wells Fargo Securities and UBS Investment Bank are acting as joint book-running managers for the offering....
Praesidian Capital Invests $19 Million In PromptCare Cos.
Praesidian Capital invested $19 million of second lien debt in The PromptCare Cos. and its sister company PromptCare Home Infusion LLC. The financing will support the acquisition of Pro2 (a provider of specialty respiratory products and services) and recapitalize its balance sheet. PromptCare is a portfolio company of MidMark Capital.
Pendum LLC Agrees To Sell Cash Logistics Business To Loomis Armored
Bayside Capital-backed Pendum LLC signed an agreement to sell its cash logistics business to Loomis Armored US LLC. The transaction will include Pendum’s armored transportation and cash-in-transit services operations. The deal is expected to close April 30. Pendum will retain its core maintenance business.
