Also, the private equity firm upped Tyler Letarte and Andrew McElhinney to principal, and Taylor Casey to vice president.
Headquartered in Miami, Neoris is a global digital accelerator.
The Triago team will join Houlihan Lokey’s Private Funds Group led by Global Co-Heads Andy Lund and Cristina Forcina Westermann.
Zhang joined Leeds Equity in 2018 while Marous came on board in 2021.
Proceeds from this strategic investment were partially used to fund the acquisition of Silixa, a UK-based provider of fiber optic systems and solutions.
Kahala Brands, a quick-service restaurant franchising business, has bought the Planet Smoothie and Tasti D‑Lite brands based in Brentwood, Tennessee. The financial terms of the deal were not disclosed. Kahala said the acquisitions strengthen its leadership position in the healthy treats segment. It said it will consolidate operations and run the franchising platform for both brands from the company's headquarters in Scottsdale, Arizona. Kahala is a portfolio investment of Canadian private equity firm Serruya Private Equity, which invests on behalf of the Serruya family. It is also backed by the Delavaco Group.
Revolights has received $1 million of Series A funding in a round co-Âled by Sierra Angels and Sacramento Angels. The business is a maker of revolutionary bike lights.
Christopher Fraser has joined Advent International’s operating partner program. He will advise the private equity firm on deals in the industrial sector, with a focus on chemicals and materials. Fraser worked previously as chief executive of Chemical Lime, a leading producer of inorganic chemicals. He has also worked as president and CEO of OCI Chemical, a producer of carbonates.
Malaysia’s Multi-Purpose Holdings has offered to buy Magnum Corp. from the Hong Kong arm of private equity firm CVC Capital Partners, Reuters reported. CVC owns a 47% stake in Magnum. CIMB and Newfields are joint advisers for the deal, Reuters said.
Industrial Opportunity Partners of Evanston, Ill., completed a strategic acquisition for its platform company FAS Controls Inc. The maker of pressure switches, valves, circuit breakers and other products bought Honeywell International Inc.’s lighting and heavy-duty electromechanical flasher business.
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