Carlyle Group invested in Brazilian restaurant chain Grupo Madero.
Grupo Madero is the largest casual dining and fast-casual restaurant chain in Brazil. Terms of the transaction were not disclosed.
Jay Sammons, Managing Director and Carlyle’s Global Head of Consumer & Retail, said: “Madero has built a differentiated brand and business model, utilizing consumer-oriented technology and leveraging the company’s best-in-class operations to serve great food to millions of satisfied customers across Brazil. We are excited to apply our significant restaurant and consumer expertise to support Junior and Madero’s leadership team as they execute on the company’s plans for future growth.”
Santander, Pinheiro Neto and Debevoise & Plimpton advised Carlyle Group. Machado Meyer Advogados advised Grupo Madero.
Advent invested in life sciences specialist BioDuro.
Advent invested in BioDuro, a leading global life sciences contract research and development organization. BioDuro has operations in San Diego, California as well as Beijing and Shanghai, China, and is the preferred partner for some of the world's most exciting drug discovery and development projects. Financial terms were not disclosed.
Filippo de Vecchi, Managing Director and co-head of Greater China of Advent, commented: "Advent has closely followed the U.S. and Chinese healthcare sector over the past years and we view our partnership with BioDuro as an excellent opportunity to capture growth in the fast-growing CRO and CDMO market worldwide. As global pharma and biotech companies increase their drug discovery efforts, BioDuro will be well positioned to increase market share by leveraging its superior quality reputation with the customers.
Health Plus Management is a provider of business management and operations services for independent physician practices in the physical medicine and rehabilitation market. The terms of the transaction were not disclosed.
"Over the past 25 years, Health Plus has developed a broad range of value-added services to support physicians looking to build and grow their own practice," said Kevin Nickelberry, Managing Director in Private Equity at Investcorp. "We believe Health Plus is well positioned to leverage its compelling service proposition and sector expertise to drive growth both organically and through acquisition."
Levine Leichtman Capital Partners acquired SK AeroSafety from SK Firesafety, a portfolio company of Paris-based Apax Partners. SK AeroSafety provides inspection, testing, maintenance and repair of safety equipment found on commercial and private aircraft globally. Financial terms were not disclosed.
Wouter Snoeijers, Managing Director of LLCP said: “We are thrilled to partner with Chris Wright, Robert Sims, Ben te Beek and the SK team and look forward to working with them to achieve their mission. We are proud to invest in a company that enables millions of passengers to fly safely every year and we look forward to supporting its continued growth and success.”
PwC and NautaDulith advised Levine Leichtman Capital Partners.
Intervale-backed Sentry Energy Solutions, a premier provider of safety and environmental services, acquired Himarc Environmental Solutions, a provider of natural gas engine emissions testing and onsite gas leak detection services. No financial terms were disclosed.
Tom Lucario, CEO of Sentry, commented: “We’re delighted to add Himarc’s service offering and capabilities to our existing portfolio of services. The Himarc team has an exceptional track record and has become a trusted partner to their customers. Further, Sentry and Himarc are highly complementary offerings that allow our respective customers to take advantage of our combined resources, footprint and growing list of safety and environmental service offerings.”
CKR Law advised Himarc. Locke Lord advised Sentry.
Novacap-backed Syntax Systems, a leading provider of cloud-managed ERP services, acquired EmeraldCube, an Atlanta-based company providing business technology solutions to JD Edwards customers. Financial terms were not disclosed.
This acquisition extends Syntax's capabilities by adding EmeraldCube's industry-leading software solutions such as EmeraldPrism, EnCrypto, FraudID and EmeraldVision. With the addition of EmeraldCloud, an end-to-end business application deployment and management platform based on Amazon Web Services' Public Cloud, Syntax is now even better positioned to help its customers and prospects with their journey to the Public, Private and Hybrid Cloud.
Recently Syntax also acquired Freudenberg IT, a German IT services company.
MVP Capital Advisors advised EmeraldCube.
Microsoft acquired Citus Data from a consoritum of VC firms.
Microsoft acquired Citus Data, a big data analytics company, from a consortium of venture capital firms, which included Khosla Ventures, Data Collective and Vaizra Investments. Financial terms were not disclosed.
Together, Microsoft and Citus Data will further unlock the power of data, enabling customers to scale complex multi-tenant SaaS applications and accelerate the time to insight with real-time analytics over billions of rows, all with the familiar PostgreSQL tools.
OpenGate Capital, through its portfolio company, EverZinc, a European specialty zinc chemical business, acquired GH Chemicals, a Canadian manufacturer and exporter of French Process zinc oxide products. Terms of the transaction were not disclosed.
“The acquisition of GHC is a transformational investment for EverZinc that provides product and market expansion through world-class facilities in Quebec,” said Andrew Nikou, OpenGate Capital’s Founder and CEO. “OpenGate’s strategy is to build both organic and inorganic growth for the businesses in which we invest. Earlier this year OpenGate launched OGx, a new digital optimization capability, to grow EverZinc and now GHC. Through the investment in GHC, and the OGx platform, we are confident that EverZinc’s global product offering will better serve its customers.”
Eureka Equity Partners sold West Academic Publisher, a provider of legal textbooks, casebooks, study guides and other course-related materials to law school faculty and students, to Levine Leichtman Capital Partners. No financial terms were disclosed.
"I am confident that the West Academic team will enjoy continued success in the future capitalizing on its deep legal expertise, unique talent for innovation, and entrepreneurial spirit that were core to our partnership that was a great success for the business, its customers and our investors,” said Chris Hanssens, Managing Partner of Eureka and former Director of West Academic.
Houston-based Talara Capital invested $75m in Crescent Pass Energy. Based in Spring, Texas, Crescent Pass is focused on development opportunities in East Texas and Northern Louisiana, with a focus on the liquids-rich Cotton Valley trend. Crescent Pass is led by Tracy Price, CEO, a 30-year veteran of the oil and gas industry.
New Energy Capital Partners closed its fifth fund at $500m.
New Energy Capital Partners said that its fifth private equity fund closed on its $500m hard cap. LPs of New Energy Capital Infrastructure Credit Fund II include a mix of institutional and other investors, including endowments, foundations, insurance companies, pension plans, health systems, and family offices. NEC will use the fund to invest in clean energy infrastructure assets in North America, including solar, wind, energy efficiency, storage, and water.
Patrick Fox, Managing Partner at NEC, said: “Clean energy remains a fast-growing sector of the energy market and we see that there is an increased appetite for exposure from institutional investors. We are grateful for the overwhelming support we have received from the investor community and look forward to continuing to strive to deliver strong risk-adjusted returns in clean energy investments.”
March Capital Partners closed its second fund at $300m.
March Capital Partners, a venture capital firm specializing in investing across all stages of a company’s growth with a focus on early stage, late stage, growth capital, and Series A to Series C investments, closed its second fund on $300m. The firm will use the cash to pursue deals in the AI, IoT, consumer tech and computing infrastructure sectors, with another focus on investing in India. The Santa Monica-based company raised $240m for its debut fund in 2016, two years after its 2014 launch.
