David Rapp

Graham Partners, a Philadelphia private equity firm, announced its recap of truck equipment refurbisher TransAxle, its fifth platform investment from its $465m second fund.

Private equity firms Catterton Partners and Oak Investment Partners bought Texas restaurant chain Cheddar’s from Brazos Private Equity Partners.

The Miami private equity firm has acquired majority interests in two scrapbooking companies, including Die Cuts with a View, the fastest-growing private company in Utah.

The California venture capital firm closed its third fund on $300m, to be used for investments in the medical technology and biotechnology sectors.

CAI Capital Partners, further building up its oil and gas portfolio, has agreed to acquire Canadian company GLM Tanks & Equipment from Tanglewood Investments.

Former employees of Microsoft continue to be key players in the operations of the venture capital world. By David Rapp.

Private equity firm American Capital has agreed to provide $21m to bankrupt New York art gallery Berry-Hill, a loan secured by the gallery’s art inventory and real-estate assets.

Bear Stearns Merchant Banking, which recently closed its third fund on $2.7bn, is saving its portfolio companies millions by negotiating common vendor contracts.

IT management company RenewData has announced that it has completed $30m of Series C funding via the private equity firms ABS Capital and CIBC Capital.

Bank of America has jumped on the private equity bandwagon, filing forms with the SEC for a $1bn private equity fund.