Audax Announces 2 Investments After $1.25B Fund Close

Law360, New York (December 13, 2012, 3:57 PM EST) -- After closing a $1.25 billion private equity fund this week, Audax Group has wasted no time putting its cash to work, announcing deals for Data Intensity Inc., a cloud computing software company, on Thursday and Aavid Thermalloy LLC , a heat management company, on Wednesday.

Terms were not disclosed for either transaction. In general, though, the firm makes equity investments of between $10 million and $100 million for deals worth between $15 million and $250 million.

Data Intensity offers cloud storage, document recovery and end-to-end outsourcing...
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