Century City’s Breakaway Capital announced Friday that it has joined with Charlotte, N.C., firm Plexus Capital to provide $15 million in financing for IC Real Tech Inc., a Pompano Beach, Fla., video surveillance product manufacturer, which will use the money to fund the production of a new camera.
Westwood’s Freeman Spogli & Co. announced Wednesday that one of its portfolio companies – breakfast, brunch and lunch restaurant chain First Watch Restaurants Inc. in Bradenton, Fla. – has acquired The Egg & I Restaurants in Centennial, Colo., which also specializes in breakfast. First Watch operates 153 eateries, while The Egg & I has 114. Both chains have a combination of company-owned and franchised stores. Terms of the deal were not disclosed.
Westwood’s Crescent Capital Group announced Wednesday that it has provided financing to New York’s Carlyle Group for that firm’s acquisition of Madrid IT infrastructure firm Telvent Global Services. Crescent specializes in below-investment grade credit. Terms of the deal were not disclosed.
Beverly Hills firm Platinum Equity announced last Friday that one of its portfolio companies, Maxim Crane Works in Bridgeville, Pa., has acquired Crane Rental Corp. in Orlando, Fla. The deal is Maxim’s second acquisition in the past month. Terms of the deal were not disclosed.
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