David Rapp

Middle-market mezzanine firm Praesidian Capital Investors announced that it has provided $7m in debt financing for the recapitalization of manufacturer Davis Inotek Instruments—thus allowing the company to buy General Electric’s calibration and repair business.

Private equity firms Warburg Pincus and Cinven have won an auction to acquire Dutch cable television operator Casema from three other private equity firms for €2.1bn.

Pet supplies retailer Petco announced that it has agreed to be acquired by private equity firms Texas Pacific Group and Leonard Green & Partners in a cash deal valued at $1.8bn.

Private equity firm Behrman Capital announced that it has sold its portfolio company, Tandem Health Care, a healthcare service provider, to JER Partners and Formation Capital in a $620m transaction—its second major successful healthcare exit this quarter.

Last month, the venture capital firm Oak Investment Partners announced that it had raised the single largest venture fund in history, totaling a staggering $2.56bn. It still holds the record, but the trend indicates it won’t for long—New Enterprise Associates (NEA), for example, just announced a VC fund of $2.5bn, a strong second place by any standard.