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Iris Dorbian

Greenbriar Equity Group has received a $89.5 million loan from GE Antares, a unit of GE Capital Markets, to acquire EDAC Technologies Corp. GE Capital Markets acted as joint lead arranger of this transaction. EDAC, which is based in Cheshire, CT., is a provider of aerospace components.
Pantheon said on Monday that it will team up with Sponsors for Educational Opportunity (SEO) in an initiative to increase hiring of minority applicants in private equity. As part of this initiative, Pantheon has offered a multi-year financial pledge to SEO. Pantheon has also committed to offer summer internships in its New York office to SEO program participants. And through participation in SEO events and workshops, Pantheon will seek to encourage more minority college undergraduates to become interested in careers in private equity.SEO is a nonprofit educational and career development organization that helps young people from underserved and underrepresented communities.
Vista Equity Partners has acquired Websense. Terms of the agreement call for Websense shareholders to receive $24.75 per share in a cash transaction valued at approximately $1 billion. San Diego-based Websense is cyber security company. BofA Merrill Lynch provided financial advice to Websense. J.P. Morgan Securities, RBC Capital Markets and Guggenheim Partners are providing debt financing.
Seamless North America LLC and GrubHub said Monday that they agreed to merge. Financial terms weren't announced. Matt Maloney will be CEO of the new organization, while Jonathan Zabusky will serve as its president. Brian McAndrews, an independent director on the Seamless board of directors, has been named chairman of the new combined board. Seamless, a mobile and online search service for ordering delivery and takeout food, is backed by Spectrum Equity, as well as GS Capital Partners, CCMP, Thomas H. Lee Partners and Warburg Pincus. GrubHub, which is headquartered in Chicago, is an online and mobile food-ordering service.
Univar, a global chemicals distributor, said on Thursday that it has acquired Quimicompuestos, a leading Mexico-based distributor of commodity chemicals. Financial terms of the transaction were not disclosed. A portfolio company of Clayton, Dubilier & Rice, LLP and CVC Capital Partners, Univar has more than 260 facilities in North America, Europe, the Asia-Pacific region, and Latin America, with additional sales offices in Eastern Europe, the Middle East, and Africa.
Jung Yeon Son has left Technology Crossover Ventures to join Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm's corporate practice group. At Technology Crossover Ventures, which is located in Palo Alto, Calif., Son was associate general counsel. Sheppard Mullin, also based in Palo Alto, is an international law firm with 630 attorneys in 16 offices in the U.S., Europe and Asia.
Summit Investments said on Friday that it has launched Polar System, which is is designed to gather 50,000 barrels of crude oil per day, in Williams County, North Dakota. Summit Investments (or Summit Midstream Partners, LLC) owns a 69% limited partnership stake in Summit Midstream Partners, LP, which is focused on exploring energy assets in North America. Summit Investments is headquartered in Dallas, TX with offices in Houston, TX, Denver, CO and Atlanta, GA.
Assisted Living Concepts announced on Thursday that its stockholders had approved TPG's previously announced plan to acquire the company. Under the agreement, ALC stockholders will receive $12 in cash for each share of Class A common stock while holders of ALC's Class B common stock will receive $12.90 in cash per share. The transaction is expected to close this summer. Assisted Living Concepts is a Wisconsin-based operator of housing for senior citizens.
Tick Data's management is buying the company and receiving funding from Tactex F1 Private Equity Fund.  Neal Falkenberry, Tick Data's president, and Thomas Myers, Senior VP, will have two-thirds, while Tactex will have one-third, a spokeswoman says. Tick Data, which is headquartered in Great Falls, Virginia, provides time data for the equities, options and futures markets.
GCP Capital Partners has invested in 123 LumpSum Holdings. No financial terms were disclosed. Bryant Park Capital Securities advised LumpSum. Located in Hallandale Beach FL., 123 LumpSum is a provider of secondary structured settlement transactions.
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