Falfurrias to exit CIH; TA Associates acquires minority stake in Aeris

Deal Wrap is updated as of 3 p.m. ET.

– Falfurrias Management Partners LP is set to exit Commodity & Ingredient Hedging LLC (CIH), a provider of risk management solutions for the agricultural and commodity sectors, in a sale to Tokio Marine Holdings Inc. William Blair served as financial adviser and K&L Gates LLP acted as legal counsel to Falfurrias and CIH. Evercore served as financial adviser and Kirkland & Ellis LLP acted as legal counsel to Tokio Marine.

– TA Associates Management LP acquired a minority stake in internet of things connectivity solutions provider Aeris Communications Inc.

– CVC Capital Partners PLC is set to sell benefits administration software provider Vitech Systems Group Inc. to Thoma Bravo LP-backed Majesco. As part of this transaction, CVC Funds will make a minority investment in Majesco. Kirkland & Ellis is acting as legal adviser to Thoma Bravo and Majesco, while White & Case LLP is serving as legal adviser to CVC. RBC Capital Markets is serving as financial adviser to Vitech.

– J.C. Flowers & Co. LLC agreed to sell consumer finance company Island Finance LLC to VRM Penzini Capital LLC.

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