Middle market private equity fund River Associates Investments has held the final closing of its sixth investment fund complex. River VI, with USD222 million in commitments, exceeded its initial target of USD200 million and is more than twice as large as River V, which was a USD110 million fund. River Associates received strong support from its existing investors, with almost all of them making a capital commitment to River VI. In addition, River VI attracted an impressive list of new investors including internationally recognized insurance companies, endowments, pension plans and private equity fund-of-funds. As they have in prior funds, the

Smedvig Capital, the development capital house, has sold Ocean Outdoor, the leading operator of ‘Digital Out of Home’ advertising sites, to mid-market private equity house, LDC.   Over the last four years, Ocean has grown rapidly, increasing revenue more than 3 fold and become the clear leader in iconic, large format digital and banner advertising locations with its name firmly established within the outdoor market.  Last year, it won Silver in the annual Media Week, Media Brand of the Year, coming second only to Google/You Tube.   Smedvig first invested in Ocean in 2008, taking a majority stake through the

Vox Mobile, a leading provider of managed mobility solutions for the enterprise, has completed a USD7.5 million growth round of funding led by Edison Ventures, a New Jersey-based venture capital firm with a focus on expansion-stage, information technology companies. Edison limited partner, Permal Capital also participated in the financing round. Vox Mobile’s new financing will accelerate expansion to meet the high demand for its enterprise managed mobility services. "As enterprises face growing complexity and challenges with mobility, the demand for managed mobility services continues to explode. We believe Vox Mobile will continue to capture a large share of this emerging growth market with its industry-leading

The Resolute Fund II, an affiliate of The Jordan Company, has acquired VT Services, Inc (VT) from Babcock International Group Plc (Babcock), a UK based engineering services firm. Financial terms of the transaction have not been disclosed. VT is a provider of engineering and logistics services primarily in support of mission critical systems, logistics and operational readiness and platform sustainment initiatives for US Department of Defense customers. VT is a wholly-owned, but independently run, subsidiary of Babcock. “VT has strong, long term customer relationships and a base of prime contracts with the U.S. Army and Navy.” says Jonathan F Boucher,

Vista Equity Partners III, (Vista) has successfully closed Vista Equity Partners Fund IV (VEPF IV) at USD3.5 billion. The initial target of USD2.5 billion was exceeded due to exceptional LP demand. Vista now manages over USD6.6 billion of committed capital in its series of Private Equity Funds. VEPF IV has already announced the following four acquisitions; Turaz, a divestiture from Thomson Reuters, Vitera, the former Sage Healthcare Division of The Sage Group PLC, CDC Software, a global provider of ERP solutions and Misys, the UK based provider of treasury capital markets and banking solutions. Robert F Smith, CEO and Chairman

Primary has backed the management buy-out of Leisure Pass Group Ltd (Leisure Pass) in a GBP35 million transaction from its shareholders. The deal represents Primary’s ninth investment from its current Primary III fund. Leisure Pass, based in London, is the world’s leading provider of smart card-based multi-attraction tourist passes and the associated systems. The passes permit free entry to a large number of selected visitor attractions and are issued with a comprehensive guide book to the destination city. Leisure Pass’ city passes cover three of the largest European tourist cities – London, Paris and Berlin – enabling entry to attractions

Private Equity firm Avista Capital Partners is to acquire Top-Co Inc, a privately-held, designer and manufacturer of specialised casing cementing products used in the drilling and completion of oil, natural gas and geothermal wells. Top-Co serves a diverse global customer base comprised of E&P and national oil companies, multinational service companies and North American and international agents and distributors. Terms of the transaction, which is expected to close in the second quarter of 2012, were not disclosed.  Trevor Turbidy, an Energy Industry Advisor with Avista, says: "We are delighted about our new partnership with Top-Co. With its highly experienced management

Kohlberg Kravis Roberts & Co has formed a partnership with Transparency International, the global anti-corruption non-governmental organisation. Ken Mehlman (pictured), Head of Public Affairs at KKR, says: “KKR is committed to responsible investing and believes that thoughtful consideration of environmental, social and governance (“ESG”) issues is a critical component of value creation. This global partnership with Transparency International will help us to further enhance our investment and company stewardship processes, specifically in the field of business integrity. “KKR’s partnership with Transparency International adds to the firm’s network of external partners, including with Business for Social Responsibility (http://www.bsr.org/), in the field