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Latest News ACQUISITION OF ENOVOS Paneuropean private equity firm AXA Private Equity has agreed to acquire a 23.48% stake in Enovos from ArcelorMittal for €330m through its latest Infrastructure fund. Headquartered in Luxembourg, Enovos is an integrated utility company focused on electricity and gas transmission and supply as well as pow... SALE OF MTS MEDICATION TECHNOLOGIES North American private equity firm Excellere Partners, has announced the sale of US based MTS Medication Technologies in a transaction valued at $156m, three years after taking the company private for $47m, including the assumption of debt. It is the company's third exit. NASDAQ-listed healthcare company... ACQUISITION OF CHENIERE ENERGY Asian private equity firm RRJ Capital and Singapore state investment firm Temasek Holdings Pte. Ltd. have agreed to jointly acquire publicly traded Houston-based liquefied natural gas firm Cheniere Energy Inc., in a transaction valued at $468m. Cheniere Energy said Monday in a statement it plans to use p... FINAL CLOSING OF ITS SIXTH FUND ON $3bn Global private equity firm Capital International has closed its sixth fund on its hard cap of $3bn, making it the largest emerging markets-focused vehicle raised in the last five years. The fund, which had a target of $2.5bn, will focus on around 16 of the 138 emerging market countries around the world a... FINAL CLOSING OF ITS FOURTH FUND ON $3.5bn North American private equity firm Vista Equity Partners, has announced the final closing of its fourth fund on $3.5bn after about a year of fundraising. The hard-cap was $3.3bn, but Fund IV's total also includes a $200m commitment from the general partner, according to a person with knowledge of the matter. APPOINTMENT OF JAMIE KIGGEN North American private equity firm The Riverside Company has hired former senior managing director at The Blackstone Group, Jamie Kiggen, as president of the firm. At Riverside, Kiggen will be responsible for leading new product development, supporting the fundraising and investor relations teams and pro... JAMES RUBIN DEPARTURE Global private equity firm BC Partners has announced that James Rubin, a partner in BC Partners’ New York office, is leaving after four years. The firm has informed its investors his departure does not trigger a "key-man" clause. SALE OF ALAIN AFFLELOU Paneuropean private equity firm Bridgepoint has agreed to sell French eyeglass designer and manufacturer Alain Afflelou to Lion Capita, in a deal valued at €800m. The company has 1.100 stores in 9 countries and reached in 2011 €800m in sales. Bridgepoint acquired 56% of Alain Afflelou in 2006 through its... ACQUISITION OF FOUR SEASONS HEALTH CARE Paneuropean private equity firm Terra Firma has paid £825m to acquire Four Seasons Health Care, UK’s largest care home provider. The company operates 445 care homes and 61 specialist care centers. According to different sector sources the deal was financed with £300m of equity and £525m of debt SALE OF WEETABIX Paneuropean private equity firm Lion Capital has agreed to sell a controlling stake in cereal brand Weetabix to Bright Food, one of China’s largest food groups. The deal valued the company at around £1.2bn. Lion acquired the company back in 2003 ACQUISITION OF CAP Paneuropean private equity firm Montagu has agreed to acquire CAP, a provider of vehicle valuation data to the automotive industry, from media company Emap. Terms of the deal were not disclosed although different sources estimate the business was valued at £150m SALE OF CADUM Paneuropean private equity firm Milestone Capital Partners, has announced the sale of French soap and baby products company Cadum to L’Oreal. Terms of the deal were not disclosed although different sources estimate the deal was valued at around €200m. Milestone has reached a 6.0x cash return with the sale ACQUISITION OF PF CHANG North American private equity firm Centerbridge has agreed to acquire Chinese restaurant chain PF Chang in a public-to-private transaction which values the company at $1.1bn. Centerbridge will pay $51.50 per share. PF Chang, which was until now listed in NASDAQ, achieved in the first quarter of 2012 sale... ACQUISITION OF COLLECTIVE BRANDS North American private equity firm Golden Gate, together with Blum Capital and Wolverine Worldwide, has acquired footwear company Collective Brands in a public-to-private transaction valued at $2bn. Collective Brands has three business units: Performance + Lifestyle, Payless Shoesource and Collective Lic... SALE OF TRIMCO Southeast Asia focused firm Navis Capital has announced the sale of TrimCo to Partners Group in a deal valued at $111m. TrimCo provides labels, tags and trimming products to apparel companies. Navis acquired 70% of the company in 2005 and different sources estimate the firm has achieved a 10x return with... SALE OF UNITED COFFEE London-based mid-market private equity firm CapVest has agreed to sell United Coffee, the largest independent coffee business in Europe, to family-owned Japanese food conglomerate UCC Holding for €500m. CapVest bought the company in 2008. ADQUIISITION OF ALIXPARTNERS The global private equity firm CVC has acquired the company AlixPartners, valued at more than $1b. AlixPartners, which was backed by private equity firm Hellman & Friedman, specializes in improving corporate financial and operational performance SALE OF OLAER London-based private equity firm Gresham, has signed a deal to sell its investment Olaer Group to Parker Hannifin, a manufacturer of motion and control technologies and systems. Financial details were not disclosed. SALE OF ROOFING SUPPLY GROUP North American private equity firm Sterling Group has agreed to sell its investment Roofing Supply Group, a wholesale distributor of roofing supplies and related materials, to another private equity firm, Clayton Dubilier&Rice. Terms of the deal were not disclosed. ACQUISITION OF THE CHERNIN GROUP Global private equity firm Providence Equity Partners has committed $100m through its Fund VI, for an approximately 25% ownership position in The Chernin Group, a global media and entertainment platform. As part of the transaction, the CEO Peter Chernin will also join Providence as senior advisor DEPART OF NEIL RICHARDSON British private equity firm Lion Capital has announced the departure of one of its co-founders, Neil Richardson. Richardson is the third high profile departure at Lion Capital in the past month HIRE OF DAVID ROP Mid-market private equity firm Norwest Equity Partners has hired David Ropp, former president and CEO of Dover Corporation. Ropp´s new role would see him help evaluate and execute new investment opportunities as well as play an active role in strategic planning, business growth and corporate governance f... SALE OF DUCATI Italian private equity firms Investindustrial and BS Private Equity, alongside with pension fund Hospital of Ontario Pension Plan, have announced the sale of Italian motorcycle maker Ducati to German company Audi for €860m, obtaining a 3x return. Ducati reached €94m of EBITDA in 2011 IPO OF TUMI Global private equity firm Doughty Hanson has announced the IPO of suitcase maker Tumi on The New York Extock Exchange, offering 18.8m shares. The offering price was $18 per share, above its estimated range, which values the company at $1.200m. At this price, Doughty Hanson would reach approximately a 6x... ACQUISITION OF COLSON North American private equity firm Sentinel Equity Partners has announced the acquisition of caster and wheel manufacturer Colson, from Pritzker family. Financial details of the transaction were not disclosed. Colson has 35 manufacturing and distribution facilities located in 15 countries. ACQUISITION OF A10 CAPITAL Global private equity firm HIG Capital has announced the acquisition of A10 Capital, investing $100m of capital, which will be used to finance the growth and expansion of the company. A10 Capital is a North American commercial real estate lender in USA. SALE OF VITOPEL South American private equity firm DLJ Merchant Banking Partners, alongside with global private equity firm JP Morgan Partners, have announced the sale of Brazilian company Vitopel to global investment firm Vision Capital. Financial details of the transaction were not disclosed. Vitopel, the largest p... FINAL CLOSE FUND V British private equity firm Isis Equity Partners has announced the final close of its fund V with £350m of commitments. The fund, targeted at £300m, has been substantially oversubscribed. ISIS will invest in UK-based companies with enterprise value between £5m and £75m SALE OF SAMSONITE INTERNATIONAL Global private equity firm CVC Capital Partners and British bank RBS have raised $216m through the sale of shares in Hong Kong-listed US luggage producer Samsonite International. The two shareholders sold 112.8m shares at HK$14.90 apiece, equivalent to a 2.76% premium to IPO price in June 2011 of HK$14.5... SALE OF CAMBRIDGE INTERNATIONAL North American private equity firm Sterling Investment Partners has sold conveyer belt maker Cambridge International to Industrial Growth Partners (IGP) after a six-year ownership. Although details of the transaction were not disclosed, Sterling is believed to have paid between $100m and $300m during its... ACQUISITION OF YELLOW PAGES Global private equity firm Cerberus Capital Management has agreed to acquire a 53 % stake in the dwindling US business, Yellow Pages, from AT&T in a transaction valued in $950m. AT&T will retain a 47% stake in the company. Yellow Pages, founded in 1996, is a directory business which includes printed dire... ACQUISITION OF HONG KONG BOADBAND NETWORK Global private equity firm CVC Capital Partners has agreed to acquire Hong Kong Broadband Network (HKBN), the telecommunication business unit of the Hong Kong-listed City Telecom founded in 1999. HKBN is the second largest broadband operator in Hong Kong, according to a CVC statement. It operates broadba... SALE OF INTERNATIONAL ENERGY SERVICES Australian private equity firm CHAMP Private Equity has sold International Energy Services (IES), a transport logistics group, to McAleese, the Australian transport giant, in a deal believed to be worth up to A$300m ($309m). IES provides logistics for the Australian resources, energy, aviation and chemic... FINAL CLOSING OF ITS FITH FUND AT $1,3bn Global private equity fund of funds firm Morgan Stanley Alternative Investment Partners has held a final closing for its fifth fund garnering $1.3bn in commitments. The firm has exceeded its original target of $1.25bn. Morgan Stanley Alternative Investment Partners, which houses the bank’s fund of funds... HIRE OF MANAGING DIRECTOR Global private equity firm HIG, has announced the hire of Carl Harring, previous Hg Capital and Apax executive, as a managing director in its London office to build upon the firm's European operations. HIRE OF MANAGING DIRECTOR North American private equity firm Z Capital, has announced the hire of Irene Hong, former VP of investor relations at KPS Capital Partners, as a managing director in charge of marketing and corporate development. Hong will be responsible for investor marketing, capital raising and corporate development,... SALE OF STARBEV Paneuropean private equity firm CVC Capital Partners has agreed to sell brewery operator Starbev to Canada’s Molson Coors Brewing Company for $3.5bn. Starbev was formed after the acquisition by CVC of Central and Eastern Europe assets of brewing giant Anheuser-Busch InBev in December 2009. In 2011 the co... ACQUISITION OF TRI-NORTHERN North American private equity firm Audax has announced the acquisition of Tri-Northern, which distributes electronic security products, from Brazos Private Equity. Brazos formed the company in March 2010 through the merger of Tri-Ed Distribution and Northern Video Systems. Terms of the deal were not disclosed ACQUISITION OF CERTIFIED POWER AND SALE OF SONNEBORN Global turnaround specialist Sun Capital has agreed to acquire North American based company Certified Power from Northstar Capital. Certified Power designs, distributes and assembles fluid power system and torque transfer products for vehicle power applications. Terms of the deal were not disclosed. On t... SALE OF EXPERIENT Global private equity firms Riverside and VSS have announced the sale of North America-based company Experient, which provides meeting and event services. Experient will be acquired by Maritz Travel, which operates in the same industry. Terms of the deal were not disclosed INVESTMENT IN CARE HOSPITALS Global private equity firm Advent International has agreed to invest $105m in India’s hospital operator Care Hospital. The company was founded in 1997 and operates a chain of hospitals throughout the whole country offering services in cardiac care, neurology, nephrology and general medicine INVESTMENT IN BILLDESK Global private equity firm TA Associates has agreed to acquire a minority stake in BillDesk, India’s largest online payment services company. BillDesk was founded in 2000 and provides its services to over 50 Indian banks. Terms of the deal were not disclosed SALE OF SHINSOUKI Global private equity firm Riverside has announced the sale of Japanese parking lot operator Shinsouki to iSigma Capital. Financial details were not disclosed. Riverside acquired the company back in 2008 FINAL CLOSING OF ITS FIRST FUND EXCEEDING $860M Global private equity firm Searchlight Capital Partners has held a first and final closing for its first fund garnering more than $860m in commitments. The firm has exceeded its original target of $750m. Searchlight was founded in 2010 and will invest in a range of industries in North America and Europe.... FINAL CLOSING OF ITS THIRD FUND ON €231M Germany-focused turnaround specialist Orlando has announced the final closing of its third fund on €231m. The initial target for the fund was between €200m and €220m and the firm’s previous fund closed in 2006 with €256m in commitments ACQUISITION OF THE GARDEN CENTRE GROUP Paneuropean private equity firm Terra Firma Capital Partners has agreed to take British company The Garden Center Group for £276m. The Garden Center Group is the UK´s largest garden center chain, with 129 centers and an online business. SALE OF EVEDEN British private equity firm LDC has announced the sale of the British company Eveden Group for a total of £148 to the manufacturer of lingerie Wacoal Holdings, obtaining a 3,8x return. Eveden Group is a lingerie and swimwear business. LDC took a minority stake in 2006. EXIT OF KOTAK MAHINDRA BANK Global private equity firm Warburg Pincus has agreed to sale its 26.5 million shares in Indian´s Kotak Mahindra Bank for a total $270m. Warbus Pincus previously sold 17.5 million shares for $170m at the beginning of February. The firm invested in Kotak Mahindra in 2004. SALE OF BROADLIGHT Global private equity firm Cipio Partners has announced the sale of BroadLight to the US Communication giant Broadcom, for $195m. BroadLight is an Israeli chip maker, which are used in high speed broadband. Cipio acquired the business in 2007, when it acquired a portfolio of more than 20 direct investmen... FINAL CLOSING OF ITS SECOND FUND ON $437M Northamerican private equity firm MSouth has announced the final closing of its second fund on $437m, above its target of $375m. MSouth closed its debut fund on $266m in 2009. HIRE OF BERTRAND MEUNIER Global private equity firm CVC has announced the appointment of Bertrand Meunier as a managing partner based in London. Meunier was a former senior partner at PAI Partners until 2009, when he founded M&M, a French investment firm. DEPARTURE OF MICHAEL QUEEN Global private equity firm 3i has announced the intention of Michel Queen to leave the firm when a successor is appointed. Queen who was working for 3i nearly 25 years, was appointed CEO of the firm three years ago. The board has begun the search of a replacement. PUBLIC TO PRIVATE OF MISYS Global private equity firm Vista Equity Partners has agreed to take British financial software company Misys private for £1,270m. The firm will pay £3.50 for each share, representing a 32% premium to the average closing price per share in the three month period to 2 February 2012. Vista has intentions of... SALE OF IDESCO Finnish private equity firm Sentica has announced the sale of Finnish radio frequency technology specialist to Swedish technology group Lagercrantz obtaining a 2,5x return. SALE OF GL EDUCATION Global private equity firm Veronis Suhler Stevenson has announced the sale of British education services company SG Education to Investcorp obtaining roughly a 2x return. VSS invested in the company from its fund IV, which was closed in 2006. PUBLIC TO PRIVATE OF FLANDERS North American private equity firm Insight Equity has agreed to take air filtration product manufacturer Flanders Corporation private in a transaction valued at approximately $192m. The firm will pay $4.40 for each share, representing a 39% premium over the average closing price per share during the last... SALE OF STAKE IN SOLO CUP Global private equity firm Vestar Capital Partners has announced the sale of its minority stake in packaging company Solo Cup to competitor Dart Container in a deal valued at $1,000m. Solo Cup generates annual sales of around $1,600m and was acquired by Vestar in 2004 from its fund IV, which was closed i... ACQUISITION OF SICHUAN Chinese private equity firm Lunar Capital Management has announced the acquisition of walnut flavoured drink producer Sichuan Zhiqiang. Financial details of the transaction were not disclosed. Existing shareholders will retain a minority stake in the company. INVESTMENT IN TIANHE CHEMICAL Asian private equity firm Morgan Stanley Private Equity Asia has announced the investment of $300m in Chinese chemical heavyweight company Tianhe Chemical acquiring a minority stake. The investment will help the company expand into the European and USA markets. HIRE OF MANAGING DIRECTOR Global private equity firm Warburg Pincus has announced the hire of Simon Eyers as a managing director. Based in London, Eyers will concentrate on energy investments in Europe and emerging markets. He was previously a founding partner of 4D Global Energy Advisors, a private equity firm specializing in th... SALE OF NDS Global private equity firm Permira, has announced the sale of its 51% stake in UK-based NDS to Cisco, in a deal valued at $5bn. Cisco is an American multinational corporation headquartered in US that designs, manufactures, and sells networking equipment. NDS, which was acquired by Permira in January 2009... ACQUISITION OF TREVISANALA Italian private equity firm Alto Partners, has announced the acquisition of the majority stake of Trevisanala, one of Italy’s leading mozzarella cheese producers, triggered by the retirement of four of the company’s five founding partners. Financial details from the transaction were not disclosed. The co... SALE OF SONICWALL North American private equity firm Thoma Bravo, has announced the sale of US-based IT security company SonicWALL to Dell for an undisclosed sum. The company provides network security and data protection services for small, mid-sized and large organizations in roughly 50 countries. Dell will reportedly pa... RETIREMENT OF TWO DIRECTORS Listed fund of funds SVG Capital, has announced the retirement of two private equity veterans, Nicholas Ferguson and Edgar Koning, as part of a board restructuring. Both of them have served as directors of the company since its founding in 1996. Stephen Duckett, previously a managing director at Hellman ... SALE OF AMTICO UK-focused private equity firms AAC Capital UK and Electra Private Equity, have announced the sale of flooring company Amtico to US-based Mannington Mills. Different sources estimate the deal was valued at around £127m. AAC acquired a 56% stake in the company from Electra in 2006, and as part of the deal... SALE OF ARCHIPIELAGO LEARNING Global private equity firm Providence Equity Partners, has announced the sale of online education company Archipielago Learning to PLATO Learning, a company owned by Thoma Bravo. The deal is valued at $291m. Providence acquired a 77% stake in the company in 2007 and has generated a 3,0x return with the s... SALE OF RAYBESTOS POWERTRAIN Sun Capital, a global private equity firm specialized in turnarounds, has sold auto-parts manufacturer Raybestos Powertrain to Monomoy Capital Partners, generating a 110x return with the deal. Sun Capital formed the company by carving out two business lines of Raytech. Terms of the deal were not disclosed SALE OF ARNOLD MAGNETICS North American private equity firm Audax Group has announced the sale of Arnold Magnetics to buyout firm Compass Diversified Holdings for $131m, achieving a return of more than 5,0x. Arnold makes magnets used in a wide range of industries such as energy, medical, aerospace and defense, oil and gas explor... SALE OF BRAINWARE North American private equity firm Vista Equity Partners has sold Brainware to listed company Lexmark International for $148m. Brainware is a provider of intelligent data capture, which extracts critical information from printed and electronic documents. The company was acquired by Vista in 2006 FINAL CLOSING OF ITS THIRD FUND ON €400M Paneuropean private equity firm L Capital has announced the final closing of its third fund on €400m, surpassing its initial target of €350m. The firm’s previous fund closed in 2005 with a final size of €326m FINAL CLOSING OF GORES SMALL CAPITALIZATION PARTNERS ON $300M North American private equity firm Gores Group, has announced the final closing of Gores Small Capitalization Partners reaching its $300m hard cap. The fund will target enterprises in the lower middle-market. The firm’s main fund, Gores Capital Partners III, will co-invest $100m alongside this new fund ACQUISITION OF AHLSELL CVC has announced the acquisition of a Nordic construction company Ahlsell, from Cinven and Goldman Sachs Capital Partners. The pair bought the business in 2006, and with the deal they have reached a 2x return. The company is valued at €1.8b ACQUISITION OF FNZ Global private equity firm General Atlantic, has entered into a definitive agreement to acquire a minority stake in FNZ, an English company, from HIG Capital. Financial details of the transaction were not disclosed. FNZ provides SaaS wealth management solutions to life insurers, Banks, fund supermarkets... SALE OF EUTICALS Shanghai and Milan-based private equity firm Mandarin Capital Partners has sold more than half of its stake in Italian pharmaceutical ingredient maker Euticals to Clessidra, an Italian private equity firm. Mandarin Capital has reached 3x return ACQUISITION OF EL PASO CORPORATION A group, which includes Apollo Global Management, Riverstone Holdings and Access Industries, has agreed to acquire the oil and gas exploration and production assets of El Paso Corporation for $7.15b. The transaction is dependent upon completion of the acquisition of El Paso by Kinder Morgan, which is exp... SALE OF CENTRAL PARKING North American firm of private equity, Kohlberg, has announced the sale of Central Parking, an operator of parking garages in cities and airports throughout US, to a publicly traded Stander Parking for a total value of $345m. Kohlberg acquired the company in 2007 SALE OF LATROBE Hicks Equity Partners and The Watermill Group have sold Latrobe Specialty Metals, producer and distributor of specialty steels and alloys, to Carpenter Technology. This transaction represents a 10x gross return on investment for HEP and Watermill, which purchased the company in December 2006 for $215m fr... SALE OF SEL Asian private equity firm Longreach, has sold its stake in Sanyo Electronic Logistics, provider of logistic services, to Mitsui-Soko, for a total value of $300m, reaching a 2,3x return. Longreach bought a 95 per cent stake in SEL in July 2010 FINAL CLOSE OF FUND X North American firm of private equity, Thoma Bravo, has announced the final close of its fund X with $1.25b of commitments, exceeding its target of $900m. The firm, founded in 1998, manages around $4b in private equity HIRE OF GEORGE BUCKLEY Global private equity firm Arle Capital Partners has announced the hire of George Buckley, former 3M CEO, as a chairman of the firm. He will be taking positions on portfolio company boards DEPARTURE OF ANAND BALASUBRAHMANYAN Global private equity firm Carlyle, has announced the departure of Anand Balashubrahmanyan, Managing Director and Southeast Asia head. Balashubrahmanyan joined Carlyle Group in 2007 from Morgan Stanley. The departure comes as the buyout house has been relatively inactive in the region ACQUISITION OF BICON PHARMACEUTICALS Hong Kong-based private equity firm, PAG Asia Capital, has invested $250m in Bicon Pharmaceuticals, a Chinese pharmaceutical group SALE OF SPHEROS Baird Capital Partners Europe, European arm of North American private equity firm, Baird Private Equity, has announced the sale of Spheros, to investment firm, Deutsche Beteiligungs, reaching a 4x return. Spheros is a German maker of heaters and air conditioning equipment for busses. Baird acquired the c... ACQUISITION OF FISKARHEDENVILLAN Nordic private equity firm Litorina has announced the acquisition of Fiskarhedenvillan Group from Polaris Private Equity. Financial details of the transaction were not disclosed. Fiskanhedenvillan Group is a Swedish provider of building materials ACQUISITION OF TRANSUNION Global private equity firms Advent International and Goldman Sachs Capital Partners have announced the acquisition of TransUnion from Madison Dearborn Partners and The Pritzker Group in a deal that values the company at over $3,000m. TransUnion releases credit reports which quantify a consumer's creditwo... FINAL CLOSE OF FUND IX Paneuropean private equity firm BC Partners has announced the final close of its fund IX with €6,500m of commitments, exceeding its target of 6,000m. BC Partners raised its previous fund in 2005 with €5,880m of commitments HIRE OF PARTNER Global private equity firm Permira has announced the hire of Mubasher Sheikh, former partner of McKinsey & Co, as a partner and head of the firm’s Healthcare team. Mubasher is replacing Sally Flanagan, who will continue to work at Permira in a part-time capacity HIRE OF MANAGING DIRECTOR Global private equity firm The Blackstone Group has announced the hire of Ed Huang as a managing director in the Chinese office. Ed Huan worked since 2003 in Morgan Stanley Private Equity Asia, and previously had worked in Merrill Lynch based in Nueva York. IPO OF AVG Central European private equity firm Enterprise Investors has completed a partial exit of software company AVG Technologies through a public offering on the NYSE, the firm’s first IPO on a US exchange. Acquired by Enterprise Investors in 2005, AVG, headquartered in the Czech Republic, makes antivirus and... SALE OF TALARIS Global private equity firm The Carlyle Group has received an offer from Japanese money handling corporation Glory for £650m (€775m). Headquartered in the United Kingdom, Talaris provides cash handling equipment, servicing and software solutions to customers across the banking, retail and gaming sectors. ... SALE OF JURLIQUE INTERNATIONAL Global private equity firm JH Partners has sold Australian skincare company Jurlique International to Japanese cosmetics group Pola Orbis for A$335m (€274m). Industry sources said the deal generated about a 3x return multiple for the firm. Jurlique makes natural skincare products derived from herbs and p... FINAL CLOSING OF ITS FOURTH FUND ON $700M North American private equity firm Parthenon Capital has announced the final closing of its fourth fund reaching $700m after rounding up $240m last year. The firm has exceeded its original $600m target APPOINTMENT OF CLAUDIO SANTIAGO AND IRENE MAVROYANNIS North American energy-focused private equity firm First Reserve has announced the appointment of Claudio Santiago, as a managing director and COO and Irene Mavroyannis, as managing director in investor relations. Santiago spent 30 years at GE and will be based in First Reserve’s London office. Mavroyanni... SALE OF NATIONAL FOSTERING AGENCY UK-focused private equity firm Sovereign Capital has sold National Fostering Agency to Graphite Capital. Terms of the deal were not disclosed, but different sources estimate the company, which is one of the largest fostering agencies in the UK, was valued at around £135m. National Fostering Agency serves... ACQUISITION OF QUILTER Paneuropean private equity firm Bridgepoint has announced the acquisition of wealth management group Quilter from Morgan Stanley in a deal valued at around £175m. Quilter manages £7,600m of funds, with clients such as pension funds, charities and high net worth individuals. The firm financed the buyout u... SALE OF AMSAFE North American private equity firms Berkshire and Greenbriar have sold AmSafe to listed company TrasDigm for $750m. AmSafe manufactures aerospace safety equipment and last year posted revenues of approximately $260m. The company is best known for its aviation passenger seatbelts and airbags, which are us... SALE OF O’BRIEN North American private equity firm Industrial Growth Partners (IGP) has announced the sale of oil and gas testing company O’Brien to electric instruments manufacturer Ametek. The deal was valued at around $175m. IGP, together with the management team and other shareholders and investors, acquired a major... INVESTMENT IN SQUARE TRADE Global private equity firm Bain Capital has announced a $238m investment in Square Trade. The company is a consumer warranty provider which experienced a 3x year-on-year growth in 2011. Bain is investing in the company from both its latest buyout and venture funds ACQUISITION OF YASURAGI Japanese private equity firm Advantage Partners has acquired home builder Yasuragi in a public-to-private transaction worth $169m. The firm will buy the company’s stock priced at ¥627 per share. Yasuragi is expected to post net profits of ¥280m ($4m) for the year ending on January 2012, a 33% increase on... INVESTMENT IN UNIVERSITY CRUZEIRO DO SUL EDUCACIONAL Emerging markets-focused private equity firm Actis has announced the acquisition of a minority stake in Brazil-based University Cruzeiro do Sul Educacional for $102m. Founded in 1965, the university has a total of 36,000 students and offers both undergraduate and post graduate programs, as well as long d... ACQUISITION OF GETRONICS’ LATIN AMERICAN BUSINESS Global private equity firm OpenGate has announced the acquisition of the Latin American operations of Getronics International. The company provides information and communication technology and was until now a subsidiary of Dutch telecommunications and technology company KPN. The deal consists of the oper... HIRE OF BRIAN RATZAN Global private equity firm Pamplona Capital has hired Brian Ratzan to head the expansion of its private equity business to the US. Ratzan, who joins the firm as a partner, was previously a managing director at Vestar Capital. At Pamplona he will be responsible for developing a team of investment professi... HIRE OF JO TAYLOR Teachers’ Private Capital, the direct investment arm of pension fund The Ontario Teachers’ Pension Plan, has hired Jo Taylor to head its London office. Taylor worked at 3i until 2008 and has since then carried out investment activities privately ACQUISITION OF CPA Paneuropean private equity firm Cinven has agreed the acquisition of British company CPA Global from global investment firm Intermediate Capital Group for £950m. CPA provides intellectual property and software service to clients in over 100 countries through its 16 offices across 12 different countries SALE OF VOLUTION British private equity firm AAC Capital UK has announced the sale of British ventilation product maker Volution Group to TowerBrook Capital Partners. AAC Capital UK has reached a 2,4x return. SALE OF DELORO British private equity firm Duke Street has agreed the sale of Deloro Stellite to North American company Kennametal, for €277m, reaching a 2,4x return. Deloro Stellite produces wear products for extreme environments involving high temperature, corrosion and abrasion, used by the power generation, oil and... SALE OF DEL MONTE CANADA North American private equity firm focused on turnarounds Sun Capital Partners has announced the sale of Canadian company Del Monte Canada to listed company ConAgra Foods reaching a 40x return. Del Monte Canada sells packaged fruit and tomatoes in Canada INVESTMENT IN DM HEALTHCARE Pan-Asian private equity firm Olympus Capital has announced the investment of Rs5,000m ($100m) to acquire a minority stake in Indian company DM Healthcare. The transaction is a combination of a primary investment into DM and secondary purchase of a portion of India Value Fund’s shareholding in the compan... SALE OF HANCO NBK Capital Equity Partners, private equity fund focused on investments in MENA and Turkey of investment firm NBK Capital has announced the sale of its 40% stake in Hanco to existing shareholders, reaching a return of more than 2x. The transaction values the company at $140m. Hanco provides car rental an... FINAL CLOSING OF FUND V Australian private equity firm Archer Capital has announced the final closing of its fifth fund with A$1,500m of commitments. The fund will seek investments in Australia and New Zealand in companies with between A$100 and A$1,000m of enterprise value. HIRE OF HEAD OF BRASIL Global private equity firm General Atlantic has announced the hire of Martin Escobari as a partner and head of its new office in Brazil. Escobari worked previously as a partner in Advent International and prior to that founded the online retailer submarino.com. HIRE OF PARTNER IN LONDRES Pan-European private equity firm HIG Europe has announced the hire of Henry Gregson as a partner for the London office. Gregson worked previously as a partner in Pamplona Capital and prior to that spent 7 years at the private equity arm of Royal Bank of Scotland. SALE OF CHR. HANSEN Paneuropean private equity firm PAI Partners has announced the sale of its remaining stake in food ingredient company Chr. Hansen to Danish firm Novo in a deal valued at €560m. The IPO of Chr. Hansen took place in June 2010 and its PAI’s third divestment from the company. The firm is estimated to have re... ACQUISITION OF BOSCH FOUNDATION BRAKES Global private equity firm KPS has announced the acquisition of the Foundation Brakes business of Bosch in a carve-out deal. Terms of the deal were not disclosed. The business in based in France and is a global manufacturer of brakes. It had sales of €850m in 2010 and employs around 5,200 people ACQUISITION OF IBA MOLECULAR IMAGING North American private equity firm SK Capital Partners has entered into an agreement to acquire a 60% in IBA Molecular Imaging. The company, which is being spun-out of Ion Bearn Applications (IBA), is based in Belgium and manufactures and distributes radioactive isotopes used in medical imaging. IBA will... SALE OF BIORELIANCE North American private equity firm Avista Capital Partners has agreed to sell biopharmaceutical testing company BioReliance to listed Sigma-Aldrich for $350m. BioReliance provides biologics testing and toxicology and animal health testing services and was acquired by Avista in 2007 for $210m SALE OF TAXACT Global private equity firm TA Associates has agreed to sell TaxACT to listed company InfoSpace in a deal valued at $287.5m. TaxACT provides online tax preparation software and related services. TA acquired the company in 2004 SALE OF VANTAGE Global private equity firm HIG has announced the sale of Vantage Specialty Chemicals to The Jordan Company. Terms of the deal were not disclosed. The company produces specialty chemicals for personal care, households and industrial formulated products. HIG acquired the company in 2008 SALE OF REMMELE North American private equity firm Goldner Hawn Johnson & Morrison has announced the sale of Remmele Engineering to RTI International Metals in a deal valued at $182.5m. Remmele provides engineering services for the aerospace, defense and medical devices sectors ACQUISITION OF NICOLE FARHI North American private equity firm Kelso Place Asset Management has purchased a majority stake in fashion label company Nicole Farhi from OpenGate Capital. Terms of the deal were not disclosed. The company designs both women’s and men’s clothing and OpenGate will retain a minority stake after the sale SALE OF DUNKIN’ DONUTS & AU BON PAI Navis Capital, which focuses on private equity investments in Southeast Asia, has announced the sale of its stake in food companies Dunkin’ Donuts and Au Bon Pain in Thailand. The stake, which has been valued at $42m, will be acquired by Sub Sri TPC. Navis has achieved a return of 2.45x its initial inves... INVESTMENT IN ARTEX Asian private equity firm CLSA has bought a minority stake in Chinese company Artex Fiber for $40m. Artex is one of China’s largest makers and distributors of spandex, a synthetic fiber which characterizes for its high elasticity ACQUISITION OF YEEHOO Chinese private equity firm Lunar Capital has announced the acquisition of a controlling stake in Yeehoo, which manufactures and distributes baby products. Various sources estimate the transaction was valued at around $100m. Yeehoo’s management team will retain a minority stake in the company INVESTMENT IN FOURCEE Global private equity firm General Atlantic has announced a $125m investment in Indian logistics provider Fourcee. The investment will be made through a mix of capital injection and secondary buyout from the existing investors (which include India Equity Partners and Mayfield Fund). General Atlantic will... FINAL CLOSING OF ITS FIFTH FUND ON $2.4BN Chinese private equity firm Hony Capital has announced the final closing of its fifth dollar-denominated fund on $2.4bn. The fund’s final size has surpassed the initial target of $2.0bn as well as the firm’s previous fund, which was raised in 2008 and has $1.4bn in commitments. Altamar V has made a commi... SALE OF DAVIS STANDARD North American private equity firm Hamilton Robinson has announced the sale of Davis Standard to North American private equity firm ONCAP for $189m, reaching a 3,5x return. Davis Standard designs and manufactures equipment for plastics processing industry and was acquired by Hamilton in 2003. ACQUISITION OF THE HAY Global private equity firm The Gores Group has announced the acquisition of family-owned company The Hay Group. Financial details were not disclosed. The company manufactures components for vehicles and has long term relationships with automotive companies including Volkswagen and Daimler. ACQUISITION OF BAHCESEHIR Global private equity firm The Carlyle Group has agreed the acquisition of a 48% stake in private education company Bahcesehir Kolehi, which is part of Bahcesehir Education Group. Financial details were not disclosed. Carlyle will invest from its Carlyle MENA Partners fund. ACQUISITION OF ELIX Sun European Partners, European arm of global private equity firm Sun Capital Partners, has announced the acquisition of Spanish company Elix Polymers from German plastics group Styrolution Group. Financial details were not disclosed. Elix specializes in plastics used in several industries such as health... ACQUISITION OF INNOVATIVE AFTERMARKET SYSTEMS North American private equity firm Genstar Capital has announced the acquisition of Innovative Aftermarket Systems, a premier marketer, administrator and underwriter of vehicle protection products and related services. Financial details of the transaction were not disclosed. SALE OF FIRST WATCH North American private equity firm Catterton Partners has agreed the sale of restaurant chain First Watch to Freeman Spogli. Financial details of the transaction were not disclosed. First Watch operates 92 restaurants in 13 states. ACQUISITION OF SNIFFERS Global private equity firm The Carlyle Group has announced the acquisition of Belgian company The Sniffers from Belgian fund Creafund. Financial details of the transaction were not disclosed. The Sniffers provides emission monitoring and related services to the global oil and gas industries. The investme... ACQUISITION OF ASAHI TEC Japanese private equity firm Unison Capital has agreed the acquisition of Asahi Tec from Belgian group RHJ International and Japanese insurer Tokyo Marine & Nichido for ¥23,900m ($308m). Asahi is a Japanese company that makes iron castings for vehicles. ACQUISITION OF ASSETS OF ING GROUP Global private equity firm General Atlantic has joined a consortium of investors led by Grupo de Inversiones Suramericana to buy the Latin American assets of global financial services giant ING Group. General Atlantic is committing a total of $300m in a deal valued at €2,650m. Grupo Bolívar, IFC and Banc... FINAL CLOSE OF CNY 7.000M FUND Government-owned Shanghai International Group has announced the final close of a dual-currency private equity fund with CNY7,000m ($1,100m) of commitments. The fund raised CNY5,000m and $300m from state-owned enterprises, private companies, and European and American institutional investors. SIG will seek... NEW CO-HEAD FOR JAPAN TEAM Global private equity firm The Carlyle Group has announced the promotion of Managing Director Kazuhiro Yamada to Co-Head of the Japan Group. Yamada is succeeding Masao Hirano, who will continue to work with the firm as a senior advisor. ACQUISITION OF TELESTREAM North American private equity firm Thoma Bravo, has announced the acquisition of Telestream, a provider of video transcoding and digital media software. The investment will support further growth of the company’s core businesses and provide additional capital for further market expansion and acquisitions SALE OF DIVERSIFIED MACHINE Global private equity firm The Carlyle Group has announced the sale of its portfolio company Diversified Machine to Platinum Equity. The company provides chassis and powertrain components to automotive manufacturers and suppliers. Carlyle has backed the company since a bankruptcy court purchase in 2005 ACQUISITION OF ENERGY ASSETS Global private equity firm First Reserve has announced the acquisition of four natural gas power generation plants totaling 1.068MW which were until now owned by ArcLight Capital. The portfolio will from now on be known as FREIF North American Power I. As part of the agreement, CalPERS will acquire Neptu... INVESTMENT IN ENDURANCE Emerging markets-focused private equity firm Actis has invested $71m in Indian auto component manufacturer Endurance Technologies. The company manufactures aluminium die casting, suspensions, transmissions and brakes with a specific focus on the motorcycle and scooter market and high-end engine and trans... IPO OF TIANRUI Global private equity firm KKR has announced the IPO of cement producer China Tianrui in Hong Kong. The company priced 400.9 million shares at HK$2.41 per share valuing the deal at around $124m INVESTMENT IN ESTAPAR Singapore-based Templeton Asset Management has announced the acquisition of a minority stake in Estapar, Latin America’s largest parking company. The acquisition was made together with BTG Pactual Merchant Banking, which first invested in the company 2 years ago, and the company’s founders. Estapar opera... INVESTMENT IN BLUE INTERACTIVE GROUP Global private equity firm 3i has announced the acquisition of a minority stake in Brazilian cable TV and broadband provider Blue Interactive Group (BIG) for around $55m. According to different sources, the investment was funded using capital from 3i’s balance sheet as the firm doesn’t yet have a specifi... FINAL CLOSING OF ITS FIFTH FUND ON A$1.5BN Australian private equity firm Archer Capital has announced the final closing for its fifth fund reaching A$1.5bn (€1.16bn). According to the firm, the fund was oversubscribed and surpassed its initial A$1.26bn target. The firm’s previous fund was raised in 2007 with a total size of A$1.36bn SALE OF TAMINCO Paneuropean private equity firm CVC has announced the sale of chemical company Taminco, which is being acquired by Apollo in a deal valued at €1.1bn. CVC acquired the company back in 2007 and different sources estimate the firm has reached a return of at least 2x its money. Between 2007 and 2010 Taminco’... ACQUISITION OF MARINE BUSINESSES Paneuropean private equity firm Star Capital Partners has acquired four businesses in the marine sector, including a luxury yatch-builder, from German industrial conglomerate ThyssenKrupp Marine Systems. The deal is estimated to have been valued at around €180m. The combined group has annual revenues of ... ACQUISITION OF BLUE COAST SYSTEMS North American private equity firm Thoma Bravo, together with Ontario Teachers’ Pension Plan, has agreed to acquire online security company Blue Coast Systems. The company has been acquired after a P2P transaction. The firms have paid $25.81 per share, which means a total transaction value of around $1.3bn SALE OF SEABOARD North American private equity firm Industrial Growth Partners has completed the sale of Seaboard Holdings, which manufactures pressure control equipment for the oil and gas industries, to The Weir Group. The deal was valued at around $675m SALE OF MAPLE LEAF Teachers’ Private Capital, the private equity arm of the Ontario Teachers’ Pension Plan, has agreed to sell a 79.5% stake in sports company Maple Leaf which will be acquired by Bell and Rogers Communication and KSI Investments for C$1.32bn. Maple Leaf Sports owns amongst other franchises and properties, ... SALE OF ENCOMPASS DIGITAL MEDIA North American private equity firm Wasserstein & Co. has agreed to sell a majority stake in Encompass Digital Media to Court Square Capital Partners. Encompass is a digital media services company which owns and operated broadcast facilities. Terms of the deal were not disclosed. Wasserstein first investe... FINAL CLOSING OF ITS FIFTH FUND ON $700M North American private equity firm American Industrial Partners has announced the final closing of its fifth fund reaching $700m after only two months in the market. The firm has exceeded its original $500m target and has reached its hard-cap HIRING OF JEFFREY GOLDSTEIN Global private equity firm Hellman & Friedman has hired Jeffrey Goldstein as a Managing Director. Goldstein had worked at the firm between 2004 and 2009, when he left to work for the US Government. He will resume his prior investment focus on financial services and take on new responsibilities ACQUISITION OF WIGGLE Paneuropean private equity firm Bridgepoint has announced the acquisition of UK-based company Wiggle from private equity firm Isis Equity Partners for £180m. Wiggle is an online bike and cycling accessories retailer. SALE OF GATEWAY North American private equity firm Angelo, Gordon & Co. has announced the sale of Gateway One Lending & Finance to a TCF Financial subsidiary. Financial details were not disclosed. Gateway One provides auto loans to consumers in the prime and near-prime credit categories. Angelo Gordon acquired the compa... SALE OF NIAGARA LASALLE North American private equity firm Kohlberg & Company has agreed the sale of its portfolio company Niagara LaSalle to Optima Specialty Steel. Financial details were not disclosed. The company manufactures cold finished steel bars and had been owned by Kohlberg since a 2006 buyout. INVESTMENT IN HAITONG Global private equity firm Warburg Pincus has agreed the investment of $210m in the initial public offering of Chinese brokerage Haitong Securities. Haitong’s planned IPO on the Hong Kong stock exchange could raise about $1,700m. FINAL CLOSE OF FUND II North American private equity firm Excellere Partners has announced the final close of its second fund with $465m of committed capital. The firm closed its previous fund in 2007 at $265m. DEPARTURE OF CHRISTOPHER MCGOWAN North American private equity firm Madison Dearborn Partners has announced the departure of Christopher McGowan, a managing director and co-head of Madison Dearborn’s basic industries practice. McGowan, joined the firm in 1999 and had previously worked for private equity firm AEA Investors and Morgan Stanley. REPLACEMENT OF HEAD OF MUMBAI OFFICE Global private equity firm Warburg Pincus has announced it is making big changes at its Mumbai office, handing the reins from managing director Dalip Pathak to managing directors Niten Malhan and Vishal Mahadevia who joined the firm in 2001 and 2006 respectively. Pathak will remain at Warburg to focus on... SALE OF CAPITAL SAFETY Paneuropean private equity firm Arle Capital Partners (before, Candover Partners), has announced the sale of Capital Safety to KKR in a deal valued at $1.120m. The company manufactures harnesses and other equipment to protect from falling. Arle acquired the company in 2007 and since then its revenues hav... SALE OF PARALLEL PETROLEUM Global private equity firm Apollo has announced the sale of Parallel Petroleum to Samsung C&T and Korea National Oil Corporation in a deal that values the company at $772m. Parallel operated eight oil and two gas fields in the US with a daily production of approximately 8,400 barrels per day. Apollo acqu... SALE OF WOUND CARE HOLDINGS North American private equity firm The Jordan Company has announced the sale of Wound Care Holding to National Healing Corporation. Terms of the transaction were not disclosed. Wound Care provides chronic wound care SALE OF TRINITY CONSULTANTS North American private equity firm Sentinel Capital Partners has sold air quality consultant Trinity Consultants to private equity firm Gryphon Investors. Terms of the deal were not disclosed. Sentinel acquired the company in 2007 SALE OF MEDIATECH North American private equity firm great Point Partners has announced the sale of Mediatech to listed company Corning. Mediatech provides products and services to the life sciences sector. The firm, which invested in the company in March 2011, has achieved a return of 4,1x cost and IRR of 500% ACQUISITION OF ITC GLOBAL North American private equity firm Riverside Partners has acquired ITC Global, a provider of satellite communication services. ITC primarily services mining, energy and maritime businesses operating in remote or harsh environments. As part of the deal, Riverside will also provide the company with capital... APPOINTMENT OF SCOTT FREIDHEIM Global private equity firm Investcorp has announced the appointment of Scott Freidheim to lead its European business. Freidheim joins the firm from Sears Holdings, where he was an Executive Vice President. Before this he did also work at Lehman Brothers SALE OF C1000 Global private equity firm CVC Capital Partners, has announced the sale of dutch supermarket chain to rival grocer Jumbo for €900m. C1000 owns around 400 stores and was acquired by CVC in 2008 for €691m. Altamar Buyout Europa has an indirect stake in the company through its commitment in CVC IV. ACQUISITION OF MINAFIN Chinese private equity firm Cathay Capital, has agreed the acquisition of French chemical manufacturer Minafin, with a view to expanding the business into China. Financial details of the transaction were not disclosed. Minafin, founded in 2005, reached €120m of sales in 2010. SALE OF FEP German private equity firm Steadfast Capital has announced the sale of FEP Fahrzeugelektrik Pirna to an undisclosed American strategic investor, obtaining a 4.2x return and an IRR of 33%. FEP produces electronic connectors and oil pressure switches for the automotive industry. ACQUISITION OF SAMSON Global private equity firm Kohlberg Kravis Roberts alongside with Japanese conglomerate Itochu and other private equity investors, led by NGP Energy Capital Management and Crestview Partners, has announced the acquisition of oil and natural gas explorer Samson for $7,200m. KKR has acquired a 60% stake, I... ACQUISITION OF CHURCHILL Global private equity firm The Carlyle Group, has announced the acquisition of Churchill Financial from Olympus Partners. Financial details of the transaction were not disclosed. Churchill Financial provides senior debt to mid-market companies in USA. SALE OF CRISIS PREVENTION Global private equity firm The Riverside Company has agreed the sale of Crisis Prevention Institute to Brockway Moran & Partners, obtaining a 5x return and an IRR of 36%. Crisis Prevention provides crisis prevention and nonviolent physical intervention training. FINAL CLOSE OF FUND IV Dutch private equity firm Bencis Capital Partners, has announced the final close of its fund IV with €408m of commitments. Bencis closed its previous fund in 2007 at €375m and will seek investments in Benelux in companies with enterprise value of between €25m and €250m. RETIREMENT OF PETER ENGLANDER Global private equity firm Apax Partners has announced the retirement of Peter Englander, partner of the firm. Peter joined Apax 30 years ago, and has sat in the boards of more than 20 portfolio companies. SALE OF POINT Nordic private equity firm Nordic Capital has announced the sale of Point Group, which provides payment solutions to retailers, to VeriFone in a deal valued at around $1.1bn. Nordic Capital acquired Point International and EDT in 2004 and merged the pair to form Point Group. The firm is estimated to have... ACQUISITION OF NORTHERN ROCK Global private equity firm WL Ross has announced the acquisition of UK bank Northern Rock for £747m in cash with a further £50m to be paid within six months of completion. Northern Rock was nationalized in 2008 and the UK government will retain a minority stake in the business. WL Ross will acquire the c... SALE OF RIM Global private equity firm The Carlyle group has sold Railcar Management (RMI), a provider of railroad software and services. RMI will be acquired by GE Transportation, a unit of General Electric. Terms of the deal were not disclosed. Carlyle investment in the company was made out of Carlyle US Growth Pa... SALE OF HEALTHTRANS North American private equity firm Abry Partners has agreed to sell HealthTrans, which provides services to organizations in order to optimize their medical and pharmacy benefit plans. The company will be acquired by SXC Health Solutions in a deal valued at $250m SALE OF TRI-STAR ELECTRONICS North American private equity firm Brockway Moran has sold Tri-Star Electronics International to Carlisle Companies for an enterprise value of $285m generating a return of over 5.0x the firm’s investment. Tri-Star manufactures electronic components for aerospace, defense and industrial applications ACQUISITION OF PHYSIO-CONTROL Global private equity firm Bain Capital has agreed to purchase Physio-Control from Medtronics in a transaction valued at $487m. The company produces medical emergency response products such as defibrilators ACQUISITION OF CARDONE Global private equity firm TPG Capital has entered into an agreement to acquire Cardone Industries’ North American operations. Based in Philadelphia and with operations in 5 countries, Cardone provides remanufactured products (products which are taken apart, cleaned, repaired and then reassembled) for ca... CLOSING OF ITS FOURTH FUND ON $1.9BN Brazilian private equity firm Gavea Investimentos has announced the final closing of its fourth private equity fund reaching $1.9bn. About one-third of the fund has already been committed in four companies. Gavea was initially planning to raise between $1.2bn and $1.4bn FINAL CLOSING OF ITS FUND ON $500M Indian private equity firm Westbridge Capital has announced it has raised $500m for its fund, which has an evergreen structure. The fund will target deals of $10m to $50m and its LPs include endowments and foundations ACQUISITION OF EURODOUGH French private equity firm Sagard Private Equity Partners has entered exclusive negotiations with US foods group Sara Lee over the sale of French refrigerated dough maker EuroDough for €115m. Eurodough has operations in Belgium, Denmark, Italy, Germany, Netherlands, Portugal and Sweden and generated net ... SALE OF LEWIS GOETZ North American private equity firm Audax has announced the sale of LewisGoetz to Dutch company Eriks. Financial details of the transaction were not disclosed. LewisGoetz distributes industrial rubber products and specializes in fabricated hose and conveyor belts SALE OF TEGRANT North American private equity firm Metalmark Capital has agreed the sale of Tegrant to listed packaging company Sonoco for $550m. Tegrant provides protective packaging solutions, which are customized with a variety of materials. ACQUISITION OF TEKELEC North American private equity firm Siris Capital Group led a consortium which has agreed to take Tekelec private for $780m. The investing group also includes The ComVest Group, GSO Capital Partners, Sankaty Advisors and ZelnickMedia, among others. Tekelec shareholders will receive $11 per share. Tekelec ... ACQUISITION OF AMERICAN DENTAL North American private equity firm JLL has announced the acquisition of listed company American Dental Partners for $380m. The firm intends to pay $19 per share. American Dental Partners provides business services to dental groups. ACQUISITION OF ENDURANCE Global private equity firms Goldman Sachs Capital Partners and Warburg Pincus have announced the acquisition of Endurance from Accel-KKR for $1,000m. Endurance is an online service provider for small and medium sized businesses and has almost two million customers. ACQUISITION OF ONEIDA North American private equity firm Monomoy Capital Partners has agreed the acquisition of dinnerware company Oneida. The company was controlled by a group of banks since it filed for bankruptcy in 2006. Financial details of the transaction were not disclosed. Monomoy hopes to capitalize on its investment... INVESTMENT IN FABINDIA Global private equity firm The Carlyle Group has announced the acquisition of a minority stake in Indian clothing retailer Fabindia in a deal which values the company at around INR14,000m ($286m). Prior to the transaction, Fabindia´s founder owned a 50% stake in the company, its employees owned a 42% sta... ACQUISITION OF NOLBOO Asian private equity firm Morgan Stanley Private Equity Asia has agreed the acquisition of Korean restaurant operator Nolboo for KRW120,000m ($108m). Nolboo operates more than 700 restaurants in South Korea and overseas including China, Singapore and Thailand. ACQUISITION OF MAESTRO Brazilian private equity firm Stratus Group has announced the acquisition of a majority stake in Brazilian corporate fleet management company Maestro for $32m. Founded in 2007, Maestro currently operates a fleet of around 2,400 vehicles and focuses on the corporate fleet management market. ACQUISITION OF TIP Latin American private equity firm Linzor Capital Partner has announced the acquisition of the Mexican branch of GE Trailer Fleet Services, a wholly owned subsidiary of GE Capital. Financial details of the transaction were not disclosed. TIP is Mexico’s leading equipment rental services franchise dedicat... NOVACAP ACQUIRES UNIT OF RHODIA Paneuropean private equity firm AXA has announced that its portfolio company Novacap has acquired Rhodia’s aspirin and salicylic unit. With the acquisition, the company further diversifies its chemical business. The unit generates annual revenues of approximately €100m and employs about 360 people. Finan... SALE OF ALPS North American private equity firm Lovell Minnick Partners, which focuses on the financial services industry, has announced the sale of ALPS Holdings to listed DST Systems for $250m. ALPS provides administrative and distribution services to the investment management industry and was acquired by the firm ... SALE OF IDEAL IMAGE North American private equity firm HIG has announced it has exited its investment in Ideal Image, a laser hair removal company, in a $175m deal. The company will be acquired by listed company Steiner Leisure, which provides services in the beauty and wellness areas FINAL CLOSING OF ITS FUND IN $3.5BN North American private equity firm Golden Gate Capital, has announced the final closing of its Golden Gate Capital Opportunity Fund, reaching $3.5bn in commitments. The fund has an open-end structure and raised it first $5.5bn pool in 2008 FINAL CLOSING OF ITS SEVENTH FUND IN $400M North American private equity firm ABS Capital has announced the final closing of its seventh fund reaching its hard-cap of $400m. Most of the commitments were received from existing investors. The firm’s previous fund closed in 2009 on $420m HIRING OF SANGHYUN LEE Global private equity firm Carlyle has appointed Sanghuy Lee as managing director of the firm to lead the firm’s Korean investments. Lee, who will be based in Seoul, joins from private equity firm Affinity Equity Partners, where he was a managing director and led the firm’s investments in this same country HIRING OF ANDREW LAN Paneuropean private equity firm HG Capital has appointed Andrew Land as a senior member of the firm’s services team. Land, who will join HG as a Director, was until now Managing Director at Och-Ziff Capital Management HIRING OF CHARLES BOUAZIZ Paneuropean private equity firm PAI Partners has appointed Charles Bouzaiz as a partner and member of the firm’s consumer goods team. He will be involved in the in-house operational improvement body of the firm and will also help in the sourcing of new investments. Bouaziz was until now chief executive o... INVESTMENT IN LEICA Global private equity firm The Blackstone Group has agreed the acquisition of a 44% stake in German camera manufacturer Leica Camera. The investment will help support the company´s international growth plans. Post-transaction familiar company ACM Projektentwicklung will continue to be Leica´s majority sh... ACQUISITION OF CU UETIKON Paneuropean private equity firm Barclays Private Equity has announced the acquisition of German company Cu Uetikon from Swiss chemical company CPH Chemie&Papier. Financial details of the transaction were not disclosed. Cu Uetikon makes fine chemicals and active pharmaceutical ingredients for use in the t... SALE OF EM Global private equity firm The Riverside Company has agreed the sale of EM Test Group to global manufacturer of electric motors and electronic instruments AMETEK for CHF83m. EM Test is a Swiss manufacturer of electromagnetic compatibility testing equipment. Riverside, who acquired the company in 2008, ha... ACQUISITION OF KARL LAGERFELD Global private equity firm Apax has announced the acquisition of a majority stake in Karl Lagerfeld BV. Financial details of the transaction were not disclosed. Karl Lagerfeld BV, is a new fashion brand, designed by Karl Lagerfeld, whose products will start being sold online in January 2012. INVESTMENT IN SANTANDER CONSUMER Global private equity firms Kolberg Kravis Roberts, Centerbridge Capital Partner and Walburg Pincus have agreed the acquisition of a 25% stake in Santander Consumer USA for $1.000m. Santander Consumer USA is part of Banco Santander and originates and services auto loans ACQUISITION OF AMERICAN & EFIRD North American private equity firm KPS has agreed the acquisition of American & Efird from Ruddick Corporation for $180m. A&E manufactures quality industrial sewing thread, embroidery thread and technical textiles. SALE OF HIT Global private equity firm Apax has announced the sale of HIT Entertainment to toy manufacturer Mattel for $680m. HIT is one of the largest independent owners of preschool intellectual property and was acquired by Apax in 2005 SALE OF GREAT EXPRESSIONS North American private equity firm Audax Group has announced the sale of Great Expressions Dental Centers to Omers Private Equity. Financial details of the transaction were not disclosed. Great Expressions provides general and specialty dental services and was acquired by Audax in 2008. ACQUISITION OF COSENTRY Global private equity firm TA Associates has agreed the acquisition of CoSentry from investment firms McCarthy Capital and WaittCorp. Financial details of the transaction were not disclosed. CoSentry provides a number of IT services to companies in USA. SALE OF PGM Global private equity firm Lone Star Funds has announced the sale of its 64% stake in Japanese golf operator PGM to Heiwa, Japanese pinball machine producer, for ¥39,500m ($521m). Lone Star took the company public in 2005. ACQUISITION OF TELECABLE Global private equity firm Carlyle has announced the acquisition of an 85% stake in Spanish cable operator Telecable. The company was until now owned by Liberbank and the transaction was valued at €400m. Telecable, which focuses on the Asturias region of Spain, provides TV, telephone and Internet service... ACQUISITION OF AMERICAN HEART OF POLAND Global private equity firm Advent has purchased a stake in Polish cardiovascular treatment company American Heart of Poland. Financial details of the transaction were not disclosed. The company operates 19 clinics in Poland SALE OF REMAINING STAKE IN AMADEUS Paneuropean private equity firms Cinven and BC Partners have announced the sale of their remaining 6.84% stake in Spanish travel company Amadeus. The shares were priced at €12.6, above the €11 per share at the time of the company’s IPO last year. The final return reached by both firms was approximately 7... SALE OF POWER DISTRIBUTION North American private equity firm Bertram Capital has announced the sale of Power Distribution to technology group Smiths Group for $235m. Power Distribution produces power monitoring equipment and generated approximately $30m in revenues in 2007, when Bertram purchased a majority interest in the company ACQUISITION OF ANTARES RESTAURANT Global private equity firm Blackstone has agreed to acquire New Zealand’s Antares Restaurant Group, which operates the fast food chain Burguer King in the country. The company was owned the firm Anchorage Capital Partners and financial details of the transaction were not disclosed. Antares operates 75 Bu... FINAL CLOSING OF ITS SIXTH FUND North American private equity firm Endeavour Capital has announced the final closing of its sixth fund reaching $675m in commitments. The final size of the fund has surpassed the initial objective of $600m as well as the size of the firm’s prior fund, raised in 2007 with $475m in commitments HIRING OF DAVID IBNALE North American private equity firm Augusta Columbia Capital, has hired David ibnAle as Managing Partner. David was until now a Managing Director in the Growth area of global firm TPG OPENING OF NEW OFFICE IN COLOMBIA Global private equity firm Advent International has announced it has opened a new office in Bogotá, Colombia. The new office will focus on investments in Colombia, Peru and Central America. Managing Director Diego Serebrisky, who had previously worked for Advent in Mexico City for 13 years, will lead the... INVESTMENT IN BETA RENEWABLES Global private equity firm TPG has announced the investment of €250m, alongside Italian chemicals company M&G, to form Beta Renewables, a plant in Italy to produce second-generation bioethanol which can be used to power vehicles and produce chemical detergents. The plant aims to produce 40,000 tonnes of ... SALE OF VTI Pan-European private equity firm EQT has agreed the sale of VTI Technologies to Japan-listed group Murata Manufacturing for €195m. EQT acquired VTI in 2002 using capital from EQT III. VTI produces motion and pressure sensors for automotive industry. ACQUISITION OF GENESYS Global private equity firm Permira has agreed the acquisition of Genesys, the California-based call centers software unit of French listed group Alcatel-Lucent for $1,500m. Alcatel bought Genesys in 1999 and is selling it following a divestment process of non-core operations. ACQUISITION OF 99 CENTS ONLY North American private equity firm Ares Capital, has announced the acquisition, alongside Canadian pension fund manager, Canada Pension Plan Investment Board, of “99 Cents Only” for $1,600m. The offer price has been $22 per share, which represents a premium of 32% to the company’s closing price on March ... SALE OF POWER DISTRIBUTION North American private equity firm Bertram Capital, has announced the sale of Power Distribution to technology business Smiths Group for $235m. Power Distribution designs and manufactures specialist power distribution systems and was acquired by Bertram in 2007. SALE OF CONSOLIDATED PRECISION PRODUCTS North American private equity firm Arlington Capital Partners has announced the sale of Consolidated Precision Products to Warburg Pincus. Financial details were not disclosed. CCP manufactures components for the commercial aerospace, defense and power generation markets and had been owned by Arlington s... ACQUISITION OF SKYLARK Global private equity firm Bain Capital has agreed the acquisition of Japanese restaurant chain Skylark from private equity arm of Nomura for ¥260,000m ($3,400m). Skylark reached revenue of ¥242,100m in 2010. ACQUISITION OF PRIMO SMALLGOODS Pan-Asian private equity firm Affinity Equity Partners has announced the acquisition of a majority stake in Australian deli meats producer Primo Smallgods from the founder family in a deal which values the company at approximately A$900m. Primo is the largest producer of ham and bacon in Australia. FINAL CLOSE OF FUND VI Pan-European private equity firm EQT has announced the final close of its fund VI on its “hard cap” of €4,750m. EQT raised its previous fund in 2006 with €4,250m of commitments. EQT will seek investments in Europe, focusing in Nordic region and Germany. ACQUISITION OF UNITHER PHARMACEUTICALS Paneuropean private equity firm Barclays, has bought a majority stake in French pharmaceutical company Unither. Financial details were not disclosed. ING Parcom Private Equity and the company’s shareholders CM-CIC Investissement and Picardie Investissement will act as minority investors. The company reac... KIDER MORGAN BUYS EL PASO Global private equity firm Carlyle has announced that energy company Kinder Morgan, backed by the firm, is acquiring El Paso, a New York quoted company which operates in the same sector. The transaction was valued at $38bn. El Paso’s shareholders will receive a combination of cash, shares and warrants. P... IPO OF UNIQUITI North American private equity firm Summit Partners has completed the IPO of its portfolio company Ubiquiti Networks, which provides products and solutions for wireless communications. The shares of the company were priced at $15 and $105.6m were raised in the IPO INVESTMENT IN ABENGOA Global private equity firm First Reserve has announced a €300m investment in Spanish energy company Abengoa. First Reserve will acquire around 17 million of Abengoa’s Class B shares at €17.5 per share. The firm’s investment will be used to strengthen the company’s capital structure and assist the busines... ACQUISITION OF PPD Global private equity firms Carlyle and Hellman & Friedman have announced the acquisition of Pharmaceutical Product Development (PPD) through a $3.9bn P2P transaction. The firms have offered to pay $33.25 per share. PPD is a global pharmaceutical company that focuses on the discovery and development of n... SALE OF GSI North American private equity firm Centerbridge has announced the sale of The GSI Group to quoted company AGCO for $940m. GSI, which has been owned by Centerbridge since 2007, manufactures agricultural equipment and systems such as grain storage systems. AGCO operates in the same industry SALE OF COLORMATRIX North American private equity firm Audax has announced the sale of ColorMatrix to quoted chemical company PolyOne. The deal valued the company at $486m. ColorMatrix, which was acquired by Audax in 2006, produces colorants and other additives for plastics SALE OF WORLDSTRIDES North American private equity firms Charlesbank Capital Partners and Silverhawk Capital Partners have sold a majority stake in WorldStrides to Carlyle. WorldStrides provides supplemental educational and student travel courses. Carlyle will provide the equity financing for the deal from Carlyle US Growth ... MERGER OF NATIONAL HEALING AND DCS North American private equity firms Metalmark Capital and The Jordan Company, owners of National Healing and Diversified Clinical Services (DCS) respectively, have agreed to merge both companies which provide specialized wound care management services to hospitals. Jordan will be exiting its investment i... ACQUISITION OF TRACKER Global private equity firm Actis, which focuses in emerging markets, has announced the acquisition of a 40% stake in South African company Tracker. The deal values the company at $434m. Tracker recovers stolen vehicles to their owners, as South Africa has the higher car theft rate globally FINAL CLOSE OF ITS THIRD FUND ON C$800M North American private equity firm ONCAP has announced the final closing of its third fund reaching C$800m in commitments. ONCAP raised C$520m from third party investors and C$280m from Onex, the largest investor in the fund. The firm’s previous fund closed in 2005 with C$574m ($252m came from Onex) ACQUISITION OF NBT Paneuropean private equity firm HgCapital has agreed the acquisition of London Stock Exchange-listed NBT for £153m. The offer price has been £5.50 per share, which represents a 22.5% premium to NBT´s closing price on September 22th. NBT is an european leader in web domain management. ACQUISITION OF RISK MANAGEMENT UNIT North American private equity firm focused on technology and software sectors Vista Equity Partners has announced the acquisition of Thomson Reuters’ risk management business, which is based in London. Financial details of the transaction were not disclosed. SALE OF SHOP NOVATION Paneuropean private equity firm Argos Soditic has announced the sale of French company Shop Novation to Azulis Capital. Argos has obtained a return of 2.7x with the sale. Shop Novation provides merchandising for hypermarkets SALE OF SAV AND CADOOZ Paneuropean private equity firm Palamon Capital Partners has announced the sale of British company SAV Credit to global investment firm Värde Partners for £472m. SAV Credit provides credit cards for consumers who fail the standard underwriting rules of mainstream credit card issuers. Palamon has also sol... ACQUISITION OF UNITED COPPER North American private equity firm KPS has announced the acquisition of United Copper Industries, an affiliate of Mexican group Organización IUSA. Financial details of the transaction were not disclosed. UCI manufactures and distributes building wire and cable used in the construction in US and Canada. SALE OF ACCUITY Global private equity firm Investcorp has agreed the sale of North American company Accuity to British publishing group Reed Elsevier for $530m. Accuity offers online subscription-based data solutions for the financial services industry in US. ACQUISITION OF RENEW WIND POWER Global private equity firm Goldman Sachs has announced the acquisition of a majority stake in Indian wind-power company Renew Wind Power for $200m. Renew Wind Power has set development aims of operating between 200MW to 300MW of additional wind power plants to reach an eventual target of 1GW by 2015 FINAL CLOSE OF FUND III North American private equity firm J.F. Lehman & Company has announced the final close of its third fund with $575.5m of commitments, surpassing its initial target of $450m. The fund will seek investments in US and UK generally focused on defense, aerospace and maritime industries. HIRE OF TAO SUN Global private equity firm Providence Equity Partners has announced the hire of Tao Sun as a Partner and Head of its Chinese operations. Tao is joining from Chinese private equity firm Actis, where he was a Partner ACQUISITION OF SAGE HEALTHCARE North American private equity firm Vista Equity Partners has purchased the healthcare arm of software company Sage for $320m. Sage Healthcare stores patient information and medical records electronically for later analysis and retrieval ACQUISITION OF FUNDTECH North American private equity firm GTCR, has entered into an agreement to acquire Fundtech in a Public-to-Private transaction which values the company at $390. GTCR will pay $23.33 per share. Fundtech provides software and services to banks, and GTCR plans to combine the company with its existing portfol... INVESTMENT IN ALIBABA Global private equity firm Silver Lake, together with DST Global, Temasek Holding and Yunfeng Capital, has announced an investment in Chinese e-commerce company Alibaba Group. A source close to the deal said it was valued at around $1.6bn. Alibaba Group brings together importers and exporters of various ... ACQUISITION OF NIC CORP. Global private equity firm Carlyle has announced the acquisition of NIC Corp. in a deal valued at $152m. NIC Corp. is a medical administrative and staffing services provider and was until now listed in the Tokyo Stock Exchange. Carlyle will invest in the company through the firm’s Japanese buyout fund ACQUISITION OF NETAFIM Global private equity firm Permira has announced the acquisition of Israeli-based Netafim, an irrigation systems supplier for the agricultural sector. Permira will buy 61% of the company in a deal which valued the company at $1bn MERGER OF SUPERMERCADOS DEL SUR Latin American private equity fund Southern Cross has announced the merger of supermarket chain Supermercados del Sur, with group SMU, which owns the third largest supermarket chain in Chile. SMU will take over Supermercados del Sur and its shareholders will own 81.3% of the combined entity, with the rem... HIRING OF YI LUO Global private equity firm Blackstone has hired Yi Luo as a senior managing director in the firm’s Shanghai office. Luo was until now a managing director with The Carlyle Group and prior to this was a vice president of Merrill Lynch investment banking division DEPARTURE OF JONATHAN MUSSELWHITE AND CHARLES ST. JOHN Paneuropean private equity firm Cognetas has announced the departure of two of its co-founders, Johnathan Musselwhite and Charles St. John. These departures are a consequence of the announcement that the firm will be winding down its UK operations, which Musselwhite and St. John led. The firm has also cl... ACQUISITION OF MAXAM Global private equity firm Advent International has announced the acquisition of a 50% stake in Spanish explosives supplier Maxam from Portobello Capital and Vista Capital. The remaining 50% of share capital is in the hands of the management team. The transaction values the company between €860m-€900m. M... ACQUISITION OF LOSBERGER H.I.G. Europe, the European arm of mid-market private equity firm H.I.G. Capital, has announced the acquisition of a majority stake in the Losberger Group, a German maker of temporary tent and spaces for large exhibitions and events. Financial details were not disclosed. The company reached annual revenu... SALE OF ASTER Private equity firm focused on Central and East Europe Mid Europa Partners has agreed the sale of Polish cable operator Aster to UPC Polska, an affiliate of Liberty Global, for €600m. Mid Europa will obtain a return of approximately 2x. ACQUISITION OF INFRONT Paneuropean private equity firm Bridgepoint has announced the acquisition of sports marketing company Infront Sports & Media for around €550m. The company was until now owned by investment firm Jacobs Holdings, Martin Steinmeyer and The Junkermann Group. Based in Switzerland, Infront has offices in 10 co... ACQUISITION OF PHOTONIS Paneuropean private equity firm AXA has announced the acquisition of Photonis from Astorg Partners for around €510m. Photonis is a French company which provides components for the detection and intensification of faint light sources. AXA already owned the company between 2001 and 2008 before selling it t... ACQUISITION OF AVATAR INTERNATIONAL Global private equity firm The Riverside Company has acquired Avatar International, a healthcare services company which focuses on the measurement and improvement of quality in hospitals. Financial details were not disclosed. The company was until now owned by VSS, which invested in the company out of th... SALE OF FOUR POINTS MEDIA Global private equity firm Cerberus Capital Management is selling television station platform Four Points Media to Sinclair Broadcast Group. The company has been valued at $200m. Four Points Media operates 7 stations and was acquired by Cerberus in 2007 FINAL CLOSING OF ITS SECOND FUND ON $844M North American private equity firm Snow Phipps Group has announced the final closing of its second fund reaching $844m in commitments. The final size of the fund has exceeded its initial target of $700m as well as the firm’s debut vehicle, which closed in 2007 on $620m HIRING OF CHRIS HANNA Paneuropean private equity firm Electra Partners has announced the hiring of Chris Hanna who will join the firm’s investment team. Hanna was until now part of Phoenix Equity Partners’ team, where he became a partner in 2006. Before this, he worked at Henderson Private Capital and Morgan Grenfell Private ... INVESTMENT IN REMEDI North American private equity firm Centerbridge Capital Partners announced it has made a controlling investment of $300m in pharmacy company Remedi SeniorCare through a capital raise. The investment will support the continued growth of the company across the country. Sterling Partners, the company’s prev... ACQUISITION OF ETANCO Global private equity firm 3i has agreed the acquisition of French building materials company Etanco from IK for €370m. IK invested in the company in 2008. SALE OF IDEX Paneuropean private equity firm IK has announced the sale of French energy services company Idex to French fund manager Cube Infrastructure. Financial details were not disclosed. Idex has 3,500 employees and reached sales of €525m for the full year to February 2011 SALE OF SCHNELLER North American private equity firm Graham Partners has agreed the sale of Schneller to aerospace group TransDigm for $289m. The firm obtained a return of 3,4x and an IRR in excess of 33%. Schneller designs and manufactures materials used in the production of aircraft interiors ACQUISITION OF LIBERTY ELECTRIC North American private equity firm focused on energy sector Energy Capital Partners, has announced the acquisition of natural gas company Liberty Electric from Strategic Value Partners. Financial details were not disclosed. Liberty Electric, which generated $74m in EBITDA last year, owns a 575 megawatt n... SALE OF PROVIMI AND ACQUISITION OF RENAISSANCE LEARNING Paneuropean private equity firm Permira has sold animal food maker Provimi to Cargill for €1.5bn. It had already sold Provimi’s pet food division to Advent in March for €188m. The firm has made a return of 2.3x money. Altamar Buyout Global has an indirect stake in Provimi through its investment in Permir... ACQUISITION OF RAET AND VIRGIN ACTIVE Global private equity firm CVC has announced the acquisition of Raet and Virgin Active. Raet is a Dutch human resources software company which is being sold by Advent and Taros Capital. Financial details were not disclosed although different sources estimate the company was valued at around €400m. On the... INVESTMENT IN SAXO BANK Global private equity firm TPG has acquired a 30% stake (with the option to increase it up to 40% in the future) in Danish Saxo Bank for $560m. The transaction values the bank at $1.9bn. TPG acquired the stake from several parties including Banco Espirito Santo and buyout fund General Atlantic. The bank’... ACQUISITION OF 11 WIND FARMS Paneuropean private equity firm Bridgepoint has announced the acquisition of 11 wind farms in Spain which were until now owned by ACS. The transaction was valued at €636m and will see Bridgepoint acquire the largest independent platform of wind assets in Spain with 443MW of installed capacity ACQUISITION OF GUARDIAN Paneuropean private equity firm Cinven has acquired Guardian, the UK business of Dutch life insurance and pension company Aegon for £275m. The company will serve as a strong platform for Cinven to execute a consolidation strategy for the sector. The book value of the Guardian business amounted to £271m a... ACQUISITION OF GLM Global private equity firm Providence has announced the acquisition of George Little Management (GLM) from UK media group Daily Mail and General Trust for $173m. GLM is a retail-focused events management business ACQUISITION OF NOVEM Bregal, the private equity arm of the Brenninkmeijer family, has acquired Novem, a German company which produces decorative interior parts for the automobile industry. The company was acquired by Barclays Private Equity in 2008, but was very affected by the economic crisis and breached covenants. As a re... SALE OF INDEPENDENT LIQUOR Autralian and Panasian private equity firms Pacific Equity Partners (PEP) and Unitas Capital have announced the sale of New Zealand-based liquor company Independent Liquor, which will be acquired by Japanese trade buyer Ashashi Group for $1.27bn. The company was acquired by PEP and Unitas in 2006 and its... SALE OF ATTENDS HEALTHCARE North American private equity firm KPS has announced the sale of Attends Healthcare to listed company Domtar Corporation for $315m, generating a 15x return. Attends is an adult incontinence product maker which was formed by KPS in 2007 after acquiring the North American assets of 3i portfolio company Pap... SALE OF MAGOTTEAUX Paneuropean private equity firm IK has announced the sale of Magotteaux to Chilean conglomerate Sigdo Koopers for €550m, generating a 6x return on its investment. Magotteaux provides machinery for crushing, grinding or breaking of hard matter found in industries such as mining SALE OF WODDS EQUIPMENT North American private equity firm Genstar has announced the sale of Woods Equipment to Blount International for $185m. Woods Equipment is a manufacturer of equipment for the agricultural and construction industries and is the largest independent distributor of tractor parts FINAL CLOSING OF ITS FOURTH FUND ON $1.25BN Brazilian private equity firm Patria Investimentos has announced the final closing of its fourth fund reaching its $1.25bn hard-cap. The firm’s previous fund closed in 2008 with $700m in commitments FINAL CLOSING OF FUND III ON $500M North American private equity firm SK Capital has announced the final closing of its third fund reaching its $500m hard-cap. The firm’s first two funds were vehicles used to buy one company each. SK Capital was founded in 2007 as a spin-out from Arsenal Capital HIRING OF CHARLES CARMEL Global private equity firm Warburg Pincus has hired Charles Carmel as a managing director in the firm’s San Francisco office. Prior to joining Warburg Pincus, Carmel was the vice president of corporate development at Cisco, where he oversaw investments and acquisitions SALE OF VIZADA French private equity firm Apax France has announced the sale of Vizada to aerospace group EADS for $960m. Although return details were not disclosed, the exit is understood to have generated a return of more than 4x, with an internal rate of return of more than 40%. Vizada provides mobile satellite conn... PUBLIC TO PRIVATE OF EMDEON Global private equity firm The Blackstone Group has agreed to take private medical payment manager Emdeon in a deal worth $3,000m. The firm agreed to pay $19 per share, representing a 9.6% premium over Emdeon’s closing price on 4 August, 2011. Blackstone will invest from its Blackstone Capital Partners V... INVESTMENT IN MEERWIND Global private equity firm The Blackstone Group has announced the investment of €1,200m in Meerwind, a 80 turbine offshore wind farm in Germany. Construction of the 288MW offshore wind farm will be completed in 2013 and, once finished, Meerwind will produce enough power to service around 400,000 households. ACQUISITION OF OBERTHUR´S DIVISIONS Global private equity firm Advent international has entered into exclusive negotiations to purchase smart-card and identity divisions of French technology company Oberthur Technologies in a deal worth around €1,150m. The smart-card unit, provider of security and identification solutions and services for ... FINAL CLOSE OF DEBUT FUND North American private equity firm Tenex Capital Management, a spin-out from Cerberus Capital Management, has closed its debut fund on $452m, above its $400m target. The fund will make investments of between $25m and $75m in Canada and the US. HIRE OF HEAD FOR CHINA Global private equity firm Permira has announced the appointment of Alan Chen as head of China. Prior to joining Permira, Alan Chen worked as executive director in the Asian Special Situations Group at Goldman in Hong Kong, where he spent more than nine years. IPO OF DUNKIN’ BRANDS Global private equity firms Carlyle, Bain and TH Lee, have announced the IPO of restaurant chains operator Dunkin’ Brands. The company was priced at $19 per share, above the $16 - $18 estimated price range. The $423m in proceeds which have been raised will be used to pay down debt and expand the company ... ACQUISITION OF DNCA FINANCE Global private equity firm TA Associates has bought a majority stake in DNCA Finance, a French asset manager with €5.8bn funds under management. Financial details were not disclosed, but different sources estimate the deal was worth around €375m. TA has acquired a majority stake in the company from Grupp... ACQUISITION OF GOLDEN JAGUAR Global private equity firm Apax Partners has acquired Golden Jaguar, a Chinese restaurant chain, for around $250m. Golden Jaguar is a family-owned buffet-style restaurant and wedding catering company. It was founded in 2003 and has locations in 8 Chinese cities. Apax plans to expand the company to other ... ACQUISITION OF JACK WOLFSKIN Global private equity firm The Blackstone Group has agreed the acquisition of German outdoor clothing company Jack Wolfskin from Barclays Private Equity and Quadriga Capital. Financial details were not disclosed. ACQUISITION OF LA GARDENIA Paneuropean private equity firm Bridgepoint has announced the acquisition of La Gardenia from L Capital for €168m. La Gardenia is an Italian perfume retailer with 161 stores nationwide which generated sales of €133 in 2010. Bridgepoint will invest from its fourth fund ACQUISITION OF CONVERGEX Global private equity firm CVC Capital has announced the acquisition of ConvergEx from US private equity firm GTCR for approximately $2,000m. ConvergEx Group is a leading technology company providing mission critical proprietary software products and technology enabled services to asset managers and fina... ACQUISITION OF KENT HOSPITAL Mid Europa Partners, a central and Eastern Europe-focused private equity firm, has announced the acquisition of a 65% stake in Turkish private hospital operator Kent Hospital Group from its founder for around €100m. As part of the deal, Mid Europa has agreed to increase its stake to more than 90% over time. ACQUISITION OF HALTERMANN AND HANLO Paneuropean private equity firm HIG Europe has agreed the acquisition of chemical company Haltermann Products from NYSE listed group Dow Chemical. Haltermann is an Austrian and German producer of chemicals, which are used in the pharmaceuticals and electronics sectors. HIG Europe has also announced the a... ACQUISITION OF POWEO ENR French private equity firm AXA Private Equity has teamed up with French renewable energy producer Neoen to acquire the French renewable energy company Poweo ENR from Verbund, an Austrian electricity firm. Financial details were not disclosed. Poweo ENR is an independent renewable power firm with more tha... SALE OF COM HEM Global private equity firms The Carlyle Group and Providence Equity Partners have announced the sale of Swedish cable company Com Hem to BC Partners for SKR 17,000m (€1,900m). Carlyle and Providence acquired Com Hem in early 2006. BC Partners will invest from its Fund IX. SALE OF ATOS Nordic private equity firm Nordic Capital has agreed the sale of Swedish medical device manufacturer Atos Medical to EQT in a deal which an investor source said had delivered a 5x return for the firm. Financial details were not disclosed but a source with knowledge of the transaction said EQT had paid ab... FINAL CLOSE OF FUND VIII North American private equity firm Berkshire Partners has announced the final close of its eighth fund on $4,500m. The firm raised its previous fund in 2006 on $3,100m. The new fund will seek investments between $50m and $500m in companies with enterprise values between $200m and $2,000m HIRE OF PARTNER FOR ASIA Global private equity firm 3i Group has announced the hire of Paul Su as a senior partner for its China office. Paul joins from Credit Suisse, where he worked for 10 years, most recently as a managing director and vice-chairman of Greater China for the investment banking division. ACQUISITION OF KINETIC CONCEPTS Global private equity firm Apax Partners has announced the acquisition of quoted medical device company Kinetic Concepts for approximately $6.3bn. The firm will pay around $68.5 per share. Kinetic, which focuses on the wound care, tissue generation and therapeutic systems, reached $2bn in revenues in 2010 SALE OF PRIMUS INTERNATIONAL North American private equity firm Oakhill has agreed to sell aerospace product maker Primus International to Precision Castparts for $900m. Oakhill acquired the company in 2006 in partnership with the company’s management ACQUISITION OF LINKAMERICA North American private equity firm Tenex has closed the first deal from its debut fund acquiring transportation and logistics company LinkAmerica. Terms were not disclosed. Tenex provided the money to recapitalize the company and its operating partners are working with the management to replace equipment... ACQUISITION OF FAIRLINE GROUP UK-focused firm Better Capital, has acquired luxury boat maker Fairline Boats through a joint-venture with Royal Bank of Scotland. The firm will purchase a majority stake and RBS will take a minority stake. The company was until now owned by private equity firm 3i FINAL CLOSING OF ITS FIFTH FUND ON $650M Asian private equity firm Orchid Asia has announced the final closing of its fifth fund at its $650m hard-cap. The firms prior fund closed in 2008 and also reached its hard-cap of $420m FINAL CLOSING OF ITS THIRD FUND ON $400M North American private equity firm Shamrock Capital Advisors has closed its third fund on its $400m hard-cap. The fund’s target was initially $350m and it will invest between $15m and $75m in media, entertainment and communication companies. Shamrock was founded in 1978 as the Disney family investment company APPOINTMENT OF JORGE QUEMADA Paneuropean private equity firm Cinven has announced the appointment of Jorge Quemada as a partner in its business service sector team. Quemada, who will also lead the firm’s investment activities in Iberia, was until now a member of 3i’s team in Spain. He joined 3i in 1998 and has been involved in more ... ACQUISITION OF A STAKE IN TANGERINE Global private equity firm The Blackstone Group has agreed the acquisition of a 40% stake in confectionery company Tangerine from Growth Capital Partners for approximately £120m. The rest of the company is owned by its management PUBLIC TO PRIVATE OF BLACKBOARD Global private equity firm Providence Equity Partners has agreed to take NASDAQ listed company Blackboard private for $1,770m. The firm will pay $45 per share, which represents a 21% premium. Blackboard provides enterprise technology and solutions for the education industry ACQUISITION OF BORMIOLI ROCCO Global private equity firm Vision Capital has announced the acquisition of Bormioli Rocco from Banco Popolare for €365m. Bormioli, which makes glassware and packaging containers in Italy, reached annual sales of €531m in 2010. PUBLIC TO PRIVATE OF IMMUCOR Global private equity firm TPG has agreed the acquisition of NASDAQ listed company Immucor for $2,000m. TPG will pay $27 per share, which represents a 30% premium on Immucor´s 1 July per share closing price. Immucor makes automated blood transfusion equipment ACQUISITION OF SAVENA Paneuropean private equity firm IK has agreed the acquisition of Savena from French private equity firms Azulis Capital and Céréa Capital. Financial details were not disclosed. Savena is a French food ingredient manufacturer and is expected to reach sales of €90m in 2010 FINAL CLOSE OF VINCI CAPITAL PARTNERS II Brazilian private equity firm Vinci Capital has announced the final close of its Vinci Capital Partners II on $1,400m. The fund will seek investments between $100m and $150m in Brazilian companies with enterprise values between $200m and $600m. FINAL CLOSE OF FUND II Brazilian private equity firm Axxon Group has announced the final close of its Axxon Brazil Private Equity Fund II on $315m. The fund will seek investments between $15m and $50m in small and mid-sized Brazilian companies APPOINTMENT OF PARTNER Global private equity firm TPG has announced the hire of Jingsheng Huang as a partner of its China office. Huang, who will join the firm in August, worked in Bain Capital since 2005 ACQUISITION OF SPP PROCESS TECHNOLOGY Paneuropean private equity firm Bridgepoint has acquired SPP Process Technology Systems, a subsidiary of Japan’s Sumitomo Precision Products, which makes equipment for the semiconductor industry. Financial details of the transaction were not disclosed. Based in the UK and California, SPP has 500 employee... INVESTMENT IN WCL Global private equity firm Apollo Global Management has invested $292m in Indian steel pipe manufacturer Welspun Corp Limited (WCL). The investment will be used to boost the company’s presence in the global oil and gas markets ACQUISITION OF OUTREMER Paneuropean private equity firm AXA has acquired a 52% stake in French telecom company Outremer Telecom from various shareholders including Apax France. According to different sources the total value of the transaction was around €133m ACQUISITION OF JUSTRITE MANUFACTURING North American private equity firm Baird Capital Partners has acquired Justrite Manufacturing, a maker of containers for flammable liquids, from Riverside. Financial details were not disclosed. Justrite Manufacturing generates annual sales of over $50m and sells its products to more than 1,700 distributo... SALE OF OASE Paneuropean private equity firm Cognetas, has announced the sale of Germany-based supplier of products and systems for water gardens OASE to Barclays Private Equity. The company’s products range from fountain and lake management systems to pumps and pond construction products. Financial details were not ... SALE OF STANDARD STEEL North American private equity firm Trimaran Capital Partners has announced the sale of steel wheel manufacturer Standard Steel to Sumitomo Metals for $340m. The company, which was founded more than 200 years ago, provides steel wheels and axles for use in railcars and locomotives SALE OF STEWART GROUP UK-focused private equity firm CBPE, previously known as Close Brothers Private Equity, has sold Stewart Group to Campbell Brothers for £146m, reaching a 3.6x return multiple and 67% IRR. CBPE invested in the business in 2006 and during its ownership has supported the company in making five bolt-on acqui... FINAL CLOSING OF ITS FIRST PRIVATE EQUITY FUND ON $1.5BN Brazil-based investment firm BTG Pactual has announced the final closing of its first private equity fund reaching $1.5bn. The final amount has exceeded the firm’s initial target by more than 30% FINAL CLOSING OF ITS SECOND FUND ON $4.4BN North American private equity firm Centerbridge has announced the final closing of its second fund reaching $4.4bn. The fund had an initial target of $3.75bn and the firm’s predecessor fund which was raised in 2006 collected $3.2bn ACQUISITION OF RAC Global private equity firm The Carlyle Group has agreed the acquisition of RAC from insurance company Aviva for £1,000m. RAC provides roadside assistance in UK. Carlyle will invest from its Carlyle Europe Partners III. ACQUISITION OF DALTYS French private equity firm 21 Centrale Partners has agreed the acquisition of French vending machine company Daltys from Finadvance. Financial details were not disclosed. Daltys reached sales of over €50m in 2010 SALE OF NUCLETRON Global private equity firms Advent International and Alpinvest Partners have announced the sale of Nucletron to medical technology company Elekta for €365m. Nucletron, which develops cancer treatment products in The Netherlands, reported annual EBITDA of €26m in 2010. SALE OF LATROBE North American private equity firms Hicks Equity Partners and The Watermill Group have announced the sale of Latrobe Specialty Metals to listed stainless steel and specialty alloys company Carpenter Technology Corporation for $558m. Latrobe, which produces specialty materials for the aerospace, defense a... SALE OF SECURITAS DIRECT Global private equity firm EQT Partners has announced the sale of Securitas Direct to Bain Capital and Hellman & Friedman for SEK21,000m ($3,250m) with a potential additional payment of up to SEK900m ($139m). Securitas Direct sells security services to private customers and small businesses and reported ... SALE OF KEMFINE Global private equity firm 3i has agreed to sell KemFine to German speciality chemicals company CABB. Financial details were not disclosed. KemFine is a Finish custom manufacturer of fine chemicals, mainly for the agrochemicals market, and generated annual revenues of €81m in 2010. IPO OF SAMSONITE Global private equity firm CVC has announced the IPO in Hong Kong of luggage maker Samsonite. The shares were priced at HK$14.5 ($1.86) and the company raised $1,250m. The completion of the IPO allows the two main existing shareholders, CVC and Royal Bank of Scotland, to sell down their stakes in the bus... ACQUISITION OF ARBY’S North American private equity firm Roark Capital has agreed to buy fast food chain Arby’s from restaurant operator Wendy’s for approximately $430m. Roark will pay $130m in cash and Wendy’s will retain an 18.5% stake valued at $30m SALE OF ALÖ Paneuropean private equity firm 3i has sold Alö, which makes loading equipment for tractors, to Nordic Capital for SEK2.2bn (€240m). 3i acquired a 70% stake in the Swedish company in 2002 and different sources estimate the sale has generated a 4x return for the firm SALE OF IL FORNAIO AND CORNERY BAKER CAFÉ North American private equity firm Bruckmann Rosser Sherrill & Company (BRS) has sold restaurant operators Il Fornaio and Corner Bakery Café to Roark Capital. Financial details were not disclosed. Different sources estimate the sale has generated a 5.7x return multiple and 22% IRR for BRS INVESTMENT IN SIDEWINDER DRILLING North American private equity firm Avista Capital Partners has agreed to invest $125m for a controlling stake in Sidewinder Drilling. Based in Houston, Sidewinder is a land-based drilling contractor that services gas exploration and production companies FINAL CLOSING OF SOUTH AMERICAN FUND Global private equity firm Carlyle has announced the final closing of its South American focused fund reaching $1.000m in commitments. The amount raised was double the amount initially targeted by the firm. The fund will focus on investments in the whole of Latin America and Brazil in particular FINAL CLOSING OF ITS SECOND FUND ON $375M North American consumer products-focused private equity firm VMG Partners has announced the final closing of its second fund reaching its $375m “hard cap”. VMG closed its debut fund in 2007 on $325m DEPARTURE OF NIGEL McCONNELL Paneuropean private equity firm Cognetas has announced the departure of Managing Partner Nigel McConnell. The departure triggered the “key-man” clause of Cognetas latest €1.25bn fund and the investment period has therefore been automatically suspended. The fund has €200m of unspent capital, but the firm ... IPO OF FREESCALE Global private equity firms The Blackstone Group, The Carlyle Group, Texas Pacific Group and Permira have announced the initial public offering of semiconductors company Freescale. The offering was priced at $18 per share, raising $783m. Proceeds will be used to repay debt. SALE OF MONCLER Global private equity firm The Carlyle Group alongside with Remi Ruffini has announced the sale of a 45% stake in Moncler, the luxury apparel group, to Eurazeo for €418m. Carlyle and Ruffini, Chairman of the company, will retain a18% and 32% stake in the company respectively. SALE OF UNIVERSAL ORLANDO Global private equity firm The Blackstone Group has announced the sale of its 50% stake in the theme park Universal Orlando, to NBC Universal in a deal that values the company at $3,165m. Blackstone, who acquired the company in 2000, will obtain a 3x return multiple SALE OF MACTEC North American private equity firm Pamlico Capital has agreed the sale of MACTEC to engineering services group AMEC for $280m. Pamlico will obtain a return of 2,7x. MACTEC provides engineering, environmental and construction services to public and private clients SALE OF CAREMORE Global private equity firm CCMP has announced the sale of CareMore Health Group to health benefits company WellPoint for $800m. CCMP will obtain a return of 5x. CareMore provides caring services to seniors in California, Nevada and Arizona SALE OF OMNIFLIGHT North American private equity firm Wind Point Partners has announced the sale of Omniflight Helicopters to listed company Air Methods for $200m. Omniflight, which was acquired in 2005 by Wind Point, provides air medical transport services FINAL CLOSE OF FUND XVI French private equity firm Chequers Capital has announced the final close of its fund XVI at its €850m hard-cap. Chequers also closed its previous fund at its hard-cap of €600m in 2006 HIRE OF ALEXANDRE LEFEBVRE Global private equity firm Silverfleet has announced the appointment of Alexandre Lefebvre as a partner. Alexandre will also co-head the Paris office, alonside with Marié Deslandes, to replace the departing head Jean-Lou Rihon. Lefebvre joins Silverfleet from iXEN, the former buyout arm of Natixis, where... SALE OF SPIE Paneuropean private equity firm PAI Partners, has announced the sale of engineering services company Spie to a consortium comprising AXA Private Equity, CD&R and Caisse de Depôt et Placement de Québec. The deal is understood to be worth around €2.1bn and different sources estimate PAI has reached a retur... SALE OF INTELENET Global private equity firm Blackstone has announced the sale of Mumbai-based business process outsourcing firm Intelenet to service company Serco for £385m. Intelenet provides middle and back office services primarily in the financial services, travel, healthcare and telecom sectors and generated revenue... SALE OF DIVERSEY Global private equity firm Clayton, Dubilier & Rice (CD&R) has agreed to sell cleaning products maker Diversey for $4.3bn, generating a 2.7x money return for the firm. Diversey, which provides cleaning, sanitation and hygiene solutions to industrial and retail customers, is being purchased by Sealed Air.... SALE OF KURT GEIGER UK-focused private equity firm Graphite Capital has announced the sale of luxury shoe retailer Kurt Geiger to The Jones Group in a deal valued at £215m. Graphite acquired the company in 2008 and since then the revenues have increased by over 70% to reach £205m in April 2011. Kurt Geiger distributes its o... SALE OF KARAVEL Paneuropean private equity firm Barclays Private Equity has announced the sale of French online travel agency Karavel for about €200m to buyout firm LBO France. Barclays has sold it’s roughly two-thirds stake in the company, which it bought in 2007 and has made a return of around 3x money ACQUISITION OF IPREO Global private equity firm Kohlberg Kravis Roberts has agreed the acquisition of financial data and software company Ipreo from global private equity firm VSS. Financial details were not disclosed. KKR will invest from its KKR 2006 Fund. INVESTMENT IN SEITEL North American private equity firm Centerbridge has announced the acquisition of a minority stake in Seitel from US investment firm ValueAct for $125m. Seitel provides seismic data to the oil & gas industry. Centerbridge will invest from its Centerbridge Capital Partners II. ACQUISITION OF MEDPACE Global private equity firm CCMP has agreed the acquisition of a 80% stake in clinical research organisation Medpace. Management team will own a 20% equity share in the company. The total value of the deal was approximately $500m. SALE OF JIMMY CHOO Global private equity firm Towerbrook alongside with Spanish private equity firm Gala Capital has agreed the sale of Jimmy Choo to Labelux Group for more than £500m. This represents a more than 3x return. The founder has re-invested in the company following the sale and retains a 15% stake in the busines... HIRE OF STEVE SUN Global private equity firm TPG has announced the hire of Steve Sun as a partner for its China team. Sun joins TPG from Goldman Sachs, where he was a managing director of the firm’s private equity unit. APPOINTMENT OF NATE THORNE, GEORGE BITAR AND MANDY PURI Global investment firm BlackRock has appointed Nathan Thorne, former president of Merrill Lynch ´s buyout business, George Bitar and Mandy Puri in a bid to expand its alternatives unit into private equity. Nate, George and Mandy founded Merrill Lynch Global Private Equity in 1994 SALE OF ENVIRONMENTAL RESOURCES MANAGEMENT (ERM) Paneuropean private equity firm Bridgepoint has sold its 57% stake in Environmental Resources Management (ERM) to Charterhouse in a deal which values the business at $950m. ERM is a global environmental, health, safety and social consulting group, which employs more than 3,600 staff in 40 countries. Char... SALE OF DEI HOLDINGS North American private equity firm Trivest Partners has announced the sale, after 11 years, of its 36% stake in DEI Holdings, a maker of car alarms, speakers and other consumer electronics products. Charlesbank will acquire the company for $285m. DEI is listed in an OTC market in the US and Charlesbank w... SALE OF ELIXIA Nordic private equity firm Norvestor Equity has announced the sale of Elixia Holding, a health and fitness chain, to Altor Equity Partners. Terms of the deal were not disclosed. Based in Oslo, Elixia more than doubled its revenues over Norvestor’s five-year investment period, going from 24 clubs and NOK3... ACQUISITION OF HILITE Paneuropean private equity firm 3i has purchased a majority stake in US-based automotive company Hilite International from a consortium of investors. Financial details were not disclosed but different sources estimate the deal was valued at around $350m. Hilite supplies automotive brands such as Volkswag... $176M INVESTMENT IN GAS INFRASTRUCTURE North American private equity firm Avista Capital Partners has announced it has committed $176m in Appalachian Midstream Partners, an operator of gas pipeline in the North and Central region of Pennsylvania, were it currently operates 56 miles of pipeline FINAL CLOSING OF ITS THIRD FUND ON £160M UK-focused private equity firm Growth Capital Partners has announced the final closing of its third fund after less than 6 months of fundraising, reaching its hard cap of £160m SALE OF PHADIA Paneuropean private equity firm Cinven has announced the sale of Sweden-based Phadia Group to corporate buyer Thermo Fisher Scientific for €2.47bn. Phadia provides allergy testing and blood testing services. Different sources estimate Cinven has reached a return of 3.5x its investment with the sale and a... SALE OF NYCOMED Nordic private equity firm Nordic Capital has agreed to sell pharmaceutical company Nycomed alongside co-investors Avista Capital Partners, DLJ Merchant Banking and Coller International Partners to Takeda Pharmaceutical, Japan’s largest pharmaceutical group, for €9.6bn. Nycomed generated revenues of €2.8... SALE OF ENVIRONMENTAL RESOURCES MANAGEMENT (ERM) Paneuropean private equity firm Bridgepoint has sold its 57% stake in Environmental Resources Management (ERM) to Charterhouse in a deal which values the business at $950m. ERM is a global environmental, health, safety and social consulting group, which employs more than 3,600 staff in 40 countries. Char... SALE OF DEI HOLDINGS North American private equity firm Trivest Partners has announced the sale, after 11 years, of its 36% stake in DEI Holdings, a maker of car alarms, speakers and other consumer electronics products. Charlesbank will acquire the company for $285m. DEI is listed in an OTC market in the US and Charlesbank w... SALE OF ELIXIA Nordic private equity firm Norvestor Equity has announced the sale of Elixia Holding, a health and fitness chain, to Altor Equity Partners. Terms of the deal were not disclosed. Based in Oslo, Elixia more than doubled its revenues over Norvestor’s five-year investment period, going from 24 clubs and NOK3... ACQUISITION OF HILITE Paneuropean private equity firm 3i has purchased a majority stake in US-based automotive company Hilite International from a consortium of investors. Financial details were not disclosed but different sources estimate the deal was valued at around $350m. Hilite supplies automotive brands such as Volkswag... $176M INVESTMENT IN GAS INFRASTRUCTURE North American private equity firm Avista Capital Partners has announced it has committed $176m in Appalachian Midstream Partners, an operator of gas pipeline in the North and Central region of Pennsylvania, were it currently operates 56 miles of pipeline FINAL CLOSING OF ITS THIRD FUND ON £160M UK-focused private equity firm Growth Capital Partners has announced the final closing of its third fund after less than 6 months of fundraising, reaching its hard cap of £160m ACQUISITION OF SAVERGLASS French private equity firm Astorg Partners has announced the acquisition of a majority stake in luxury bottle maker Saverglass in a deal understood to value the firm at about €300m. Saverglass, which was first founded in 1897, manufactures and distributes luxury glass bottles and decanters for a range of... PUBLIC TO PRIVATE OF CKx Apollo Global Management has agreed to acquire CKx, a listed media company that owns the rights to singing competition reality show “American Idol” for around $509m. Apollo will pay $5.50 a share, representing a 25% premium to CKx’s closing price on Monday 9 May SALE OF WARNER MUSIC Global private equity firms Bain Capital and Providence Equity Partners, alongside with North American private equity firm Thomas H.Lee Partners, have agreed to sell their stakes in record company Warner Music Group to Access Industries in a deal that values the company at $3,300m. Access offer price has... SALE OF GRUPPO COIN Paneuropean private equity firm PAI Partners has agreed to sell its stake in Italian clothing retailer Gruppo Coin to BC Partners. The deal is valued at €930m. Gruppo Coin has 794 stores in Italy and 84 stores under franchising agreements worldwide. Altamar Buyout Global and Altamar Secondary Opportuniti... SALE OF COINING US private equity firm River Associates Investments has announced the sale of custom metals manufacturing company Coining to listed manufacturer of electric motors and electronic instruments AMETEK for $148m. River Associates has generated a 6x return multiple and 76% IRR. SALE OF SKYPE Tech-focused private equity firm Silver Lake Partners has led an investor consortium which has agreed the sale of Skype to Mirosoft for $8,500m. The investor consortium has more than trebled its money. Skype is a software application that allows users to make voice and video calls and chats over the Internet. FINAL CLOSE North American private equity firm Freeman Spogli & Co. has announced the final close of its fund VI on $735m. Freeman Spogli launched its previous fund in 2004 ACQUISITION OF TES VSETIN AND MEZSERVIS Paneuropean private equity firm Advent International has agreed to acquire Czech TES Vsetin and MezServis from Penta Investments. Terms of the deal were not disclosed. TES Vsetin is a maker of generators and electric motors used to produce power and MezServis provides installation and repair services. Pe... ACQUISITION OF ALLSAINTS SPITAFIELDS Paneuropean consumer sector focused firm Lion Capital, together with Goode Partners, has acquired fashion chain AllSaints Spitafields. The firms will acquire a stka in the fashion retailer from Iscelandic banks Kaupthing and Glitnir. The company has 62 shops and 45 concessions across Europe and the US. I... FINAL CLOSING OF ITS FOURTH FUND ON SEK1.800M Swedish private equity firm Priveq has held a final close for its fourth fund at its hard-cap of SEK1.800m (€200m) surpassing its initial target of SEK1.500m. The fundraising took 4 months after its formal launch and it’s the firm’s first vehicle to include international investors ACQUISITION OF TES VSETIN AND MEZSERVIS Paneuropean private equity firm Advent International has agreed to acquire Czech TES Vsetin and MezServis from Central Europe-focused private equity firm Penta Investments. Terms of the deal were not disclosed. TES Vsetin is a maker of generators and electric motors used to produce power and MezServis pr... ACQUISITION OF ALLSAINTS SPITALFIELDS Paneuropean consumer sector focused firm Lion Capital, together with Goode Partners, has acquired UK fashion chain AllSaints Spitalfields. The firms will acquire a stake in the fashion retailer from Iscelandic banks Kaupthing and Glitnir. The company has 62 shops and 45 concessions across Europe and the ... ACQUISITION OF BOND AVIATION GROUP Grupo Inaer, a Spanish-based helicopter operator backed by global private equity firm KKR, has announced the acquisition of Bond Aviation Group. The deal was valued at €300m. UK-based Bond Aviation operates 40 helicopters used for diverse purposed such as emergency services and marine support FINAL CLOSING OF ITS FOURTH FUND ON SEK1.800M Swedish private equity firm Priveq has held a final close for its fourth fund at its hard-cap of SEK1.800m (€200m) surpassing its initial target of SEK1.500m. The fundraising took 4 months after its formal launch and it’s the firm’s first vehicle to include international investors KKR –ACQUISITION OF OIL & GAS PROPERTIES Global private equity firm Kohlberg Kravis Roberts has acquired a number of properties in Texas from Carizzo Oil & Gas for $104m. KKR will invest from its KKR Natural Resources fund, which was launched in partnership with oil and gas company Premier Natural Resources. CARLYLE/OAK HILL – INVESTMENT IN FNB UNITED Global private equity firms The Carlyle Group and Oak Hill Capital Partners have agreed to invest $77.5m each in the merger of FNB United and Bank of Granite to acquire up to 24.9% of the outstanding shares. Carlyle invests in banks and other financial institutions from its Global Financial Services fund. NEW MOUNTAIN – SALE OF APPTIS US private equity firm New Mountain Capital has announced the sale of Apptis to listed engineering, construction and technical services company URS, for $260m. Apptis provides information technology and communications services to the federal government. ACQUISITION OF LAWSON US private equity firm Golden Gate Capital and enterprise software company Infor have agreed the acquisition of listed Lawson Software for $2,000m. The offer price was $11.25 per share, which represents a 14% premium. Lawson provides enterprise software. ACQUISITION OF SMART Global private equity firm Silver Lake Partners has announced the acquisition of listed company Smart Modular Technologies for $645m. The offer price was $9.25 per share, which represents a 23% premium. Smart manufactures memory modules for computers. INVESTMENT IN ENSTAR Global private equity firm Goldman Sachs Capital Partners, has announced the investment of up to $292m in Enstar Group for a stake of up to 19,9%. Enstar acquires and manages insurance and reinsurance companies and provides management, consultancy and other services to the insurance and reinsurance industry. MONTAGU – FINAL CLOSE OF FUND IV Paneuropean private equity firm Montagu private equity has announced the final close of its fund IV at its hard cap of €2,500m. Montagu raised its previous fund in 2005 with €2,260m. The fund will target investments in the UK, France, Germany, the Nordic region and Poland. BARCLAYS – ACQUISITION OF THE MILL Paneuropean private equity firm Barclays Capital has announced the acquisition of visual special effects company The Mill from Carlyle for £119m. The Mill, which has produced digital visual effects for brands such as Nike, Ford, Sony and Adidas generated revenues of £74m in 2010 INFLEXION – ACQUISITION OF IDEAL SHOPPING DIRECT UK-focused private equity firm Inflexion has agreed to acquire TV and internet retailer Ideal Shopping Direct in a public-to-private transaction that values the company at around £78m. The management will own around 23% of the company KKR & PERMIRA – SALE OF PROSIEBEN’S BENELUX UNIT Global private equity firms KKR and Permira have agreed the sale of the Benelux TV and print operations of media company ProSieben in a deal valued at €1,230m. The sale is the result of an effort to cut down the debt of the company CVC – SALE OF EVONIK’S INDUSTRIAL CARBON DIVISION Global private equity firm CVC has sold Evonik’s industrial carbon unit to Rhone Capital in a transaction valued at around €900m. The products of this unit, which are used for example to made tires more durable, has annual EBITDA of between €125m and €130m and sales of around €1bn WESTON PRESIDIO – SALE OF TRIMARK SPORTSWEAR North American private equity firm Weston Presidio has announced the sale of Toronto-based apparel supplier Trimark Sportswear to Polyconcept North America. Terms of the deal were not disclosed but different sources estimate the sale has generated a 2.7x return over capital for Weston Presidio AXA – SALE OF 30% STAKE IN SKYROCK Paneuropean private equity firm AXA Private Equity has announced the sale of a 30% stake in the radio station Skyrock to Credit Agricole. Credit Agricole will team up with the founder of the radio station and will seek another partner to buy the remaining 40% AXA still holds PERMIRA – ACQUISITION OF BAKERCORP Global private equity firm Permira has announced the acquisition of US BakerCorp from Lightyear Capital in a deal valued at $960m. BakerCorp rents industrial tanks, pumps, filtration and shoring equipment for use in applications such as construction or oil refining. AXA, RESOURCE – ACQUISITION OF BALTKOM Paneuropean private equity firm AXA Private Equity and Polish private equity firm Resource Partners, have agreed the acquisition of a majority stake in Latvia´s largest cable television operator, Baltkom. Financial details were not disclosed. NORDIC CAPITAL – ACQUISITION OF BINDING SITE Nordic private equity firm Nordic Capital has announced the acquisition of British Binding Site from its founder, Jo Bradwell. Financial details were not disclosed. Binding specializes in the research, development, manufacture and sale of innovative medical diagnostic products. SUN CAPITAL – ACQUISITION OF BRITTON GROUP Global private equity firm Sun Capital Partners, has agreed to acquire the UK plastic packaging company Britton Group from HSBC. Financial details were not disclosed. The firm plans to use the packaging company to expand in Europe via a “buy & build” strategy. BLACKSTONE, VESTAR – SALE OF GOLD TOE Global private equity firms The Blackstone Group and Vestar Capital Partners have agreed to sell Gold Toe Moretz to Gildan Activewear for $350m. Gold Toe Moretz supplies athletic, casual and dress socks. The company has been majority owned by Blackstone since 2006 when the firm acquired Gold Toe Investme... WAUD CAPITAL –FINAL CLOSE FUND III North American private equity firm Waud Capital Partners has closed its Waud Capital Partners III fund on $463 million of committed capital, surpassing the $315 million it secured for the fund's vintage 2005 predecessor CI CAPITAL – FINAL CLOSE FUND II North American private equity firm CI Capital Partners has closed its CI Capital Investors II fund with $620 million of committed capital. The fund has already completed two investments. GORES – HIRE OF LEWIS BIRD North American private equity firm The Gores Group has announced the hire of Lewis Bird, as a managing director. Mr. Bird will focus on the consumer and retail sectors. He has previously worked at Nike, Gap and Gateway. KKR – ACQUISITION OF CAPSUGEL Global private equity firms KKR has agreed to pay $2.3bn to buy pharmaceutical giant Pfizer’s drug delivery systems business called Capsugel. Capsugel generated about $750m in revenue and manufactured more than 180bn hard capsules in 2010 APAX – ACQUISITION OF EPICOR AND ACTIVANT SOLUTIONS Global private equity firm Apax has announced the acquisition of US-listed software group Epicor and peer company Activant Solutions, which was until now owned by Hellman&Friedman and Thoma Bravo. Apax plans to merge both companies. The combined deal was worth about $2bn FIRST RESERVE – ACQUISITION OF METALLUM HOLDINGS Global private equity firm First Reserve has acquired Metallum Holdings, a European metal refining and recycling company for €670m. The deal value comprises approximately €300m of debt and €470m of equity PAI – ACQUISITION OF KILOUTOU Paneuropean private equity firm PAI has agreed to acquire French construction equipment hire company Kiloutou in a deal valuing the company at €535m. Kiloutou was until now owned by Sagard Private Equity CARLYLE – ACQUISITION OF ADA COSMETICS Global private equity firm Carlyle has acquired ADA Cosmetics, a German maker and supplier of hotel soaps and other bathroom products from Halder Private Equity. Terms of the deal were not disclosed. ADA employs around 270 people. Carlyle will invest out of Carlyle Europe Technology Partners II 3i – IPO OF NORMA Paneuropean private equity firm 3i has partially exited its holding in Norma Group following the IPO of the company in Frankfurt. Norma Group, which manufactures engineered joining products, listed 18.4m shares at €21 a share, raising €386m. Following the IPO 3i has reduced its stake in the company from ... DOUGHTY HANSON – SALE OF CPT DIVISION OF NORIT Paneuropean private equity firm Doughty Hanson has announced the sale of the Clean Process Technology division of purification technology group Norit to Pentair for €503m. Doughty acquired Norit in 2007 for €650m and will use the proceeds from the sale to pay down the entire debt and distribute the remai... CMP – FINAL CLOSING OF ITS SECOND FUND ON €175M German private equity firm focused on distress companies Capital Management Partners, has announced the final closing of its second fund on its €175m hard cap. The fund had a €150m target. The firm’s prior fund closed on €125m in 2000 ATRIA – DEPARTURE OF TWO MANAGING DIRECTORS French private equity firm Atria has announced the departure of Thibault de Chassey and Edouard Thomazeau, both of them managing partners at the firm, due to strategic differences with the firm’s founder and main shareholder Dominique Oger. Both of them joined the firm in its inception in 2000 and are un... TPG, OAKTREE – ACQUISITION OF TAYLOR WIMPEY Global private equity firms TPG Capital and Oaktree Capital Management have joined forces with the former founder of the developer and manager of experiential destination resorts Intrawest, Joe Houssain, to acquire the North America and Canada businesses of UK homebuilder Taylor Wimpey for $955m. The com... TERRA FIRMA – ACQUISITION OF RETE RINNOVABILE Paneuropean private equity firm Terra firma has announced the acquisition of Italian solar photovoltaic generation business Rete Rinnovabile from Italian high-voltage grid operator Terna por €641m. LYCEUM CAPITAL – ACQUISITION OF EAT UK private equity firm Lyceum Capital Partners has announced the acquisition of a majority stake in sandwich chain Eat from Penta Capital. Lyceum has plans to triple the amount of Eat stores across the UK and expand internationally. Financial details of the transaction were not disclosed. CENTERBRIDGE – SALE OF GREEN TREE Global private equity firm Centerbridge Partners has agreed the sale of Green Tree to Walter Investment Management in a deal that values the firm at $1.065m. Green Tree is a business services company providing servicing of credit-sensitive consumer loans. SPECTRUM – SALE OF MORTGAGEBOT US private equity firm Spectrum Equity Investors has announced the sale of Mortgagebot to the financial services solutions provider Davis Henderson for $232m. Mortgagebot provides web-based mortgage point-of-sale solutions. ASTORG PARTNERS – FINAL CLOSE OF FONDO V French private equity firm Astorg Partners has announced the final close of its fifth fund at €1.050m. The fund will target midmarket companies with enterprise values of €100m to €800m in the healthcare, professional services and retail sectors. CORTEC GROUP – FINAL CLOSE OF FONDO V US private equity firm Cortec Goup has announced the final close of its Cortec Group Fund V on $620m . Cortec raised its previous fund in 2005 at $450m. The fund will target healthcare, specialty manufacturing, service and distribution businesses. ELECTRA- HIRE OF ALEX FORTESCUE Paneuropean private equity firm Electra Partners has announced the hire of Alex Fortescue as a partner, for strengthening the deal origination and investment process. BLACKSTONE – PARTIDA DE THEODORE COONS Global private equity firm The Blackstone Group has announced the departure of Theodores Coons, a managing director since 2005, to join Technology Crossover Ventures, a technology-focused growth equity an venture capital firm. EQT – SALE OF KABEL BW Paneuropean private equity firm EQT has agreed to sale German cable network provider Kabel BW, to Liberty Global for approximately €3.1bn. EQT purchased 100% stake in the company from Blackstone in 2006 and since then has increased sales by 120% to €563m and EBITDA by 160% to €316m APAX – ACQUISITION OF TRADER CORPORATION Global private equity firm Apax Partners has agreed to buy Trader Corporation from Yellow Media for $745m. The assets being sold as part of the deal include Canadian online automotive company AutoTrader.ca and approximately a 30% stake in US and Canada-focused digital marketing service provider Dealer Dot Com DUKE STREET – ACQUISITION OF WAGAMAMA Paneuropean private equity firm Duke Street has acquired Asian-food restaurant chain Wagamama from Lion Capital for about £215m. Since the company’s establishment in 1992, the chain has grown to 70 restaurants in the UK, 3 in the US and a franchise of 36 restaurants across Europe, the Middle East, Austra... ADVENT – ACQUISITION OF PROVIMI PET FOOD Paneuropean private equity firm Advent International has agreed to acquire Provimi Pet Food from animal nutrition group owned by Permira, Provimi for €188m. Advent will invest in the company from its fourth Central and Eastern Europe Fund. Provimi Pet Food is the third largest producer of pet food in Eur... SUN CAPITAL – SALE OF BRUEGGER’S Global private equity firm Sun Capital has sold its stake in Bruegger’s Enterprises to French Group Le Duff generating a 13x return multiple and 35% IRR. Bruegger’s is the second largest chain of bakery-cafes across the US and Canada. Since the acquisition of the company by Sun Capital in 2003, sales of ... IK – ACQUISITION OF OFFSHORE INCORPORATIONS Paneuropean private equity firm IK Investment Partners has bought the Hong Kong-based Offshore Incorporations group of companies from Carlyle. No financial details have been disclosed. Offshore Incorporations is the Asian market leader in company formation and associated services. The group comprises thr... ANGELO GORDON – HIRING OF MARK VISSER North American debt-specialist Angelo Gordon has hired former Behrman Capital partner Mark Visser to lead the firm’s healthcare activities. Visser joins Angelo Gordon as a managing director in the private equity area of the firm PROVIDENCE – DEPARTURE OF SEAN TONG Global private equity firm Providence Equity Partners has announced the departure of Sean Tong, a managing director and co-head of the firm’s Hong Kong office. Tong will join Boyu Capital, a Chinese private equity firm APOLLO - IPO North American private equity firm Apollo Global Management has filed for an IPO. The firm could sell 26.3 million shares on the New York Stock Exchange that are expected to price at $17 to $19 per share. The firm could raise up to $480m BC PARTNERS – ACQUISITION OF PHONES 4U Paneuropean private equity firm BC Partners, has announced the acquisition of Phones 4u, a mobile phone retailing group, from Providence Equity Partners in a deal understood to be worth between £600m and £700m. Financial details of the transaction were not disclosed. Phones 4u, which has a network of mor... CARLYLE – ACQUISITION OF THE FOUNDRY Global private equity firm The Carlyle Group, has agreed the acquisition of software developer The Foundry from Advent Venture Partners. Financial details of the transaction were not disclosed. The Foundry makes visual effects software for the film industry and its products were used in a number of box o... BRIDGEPOINT – ACQUISITION OF CABB Paneuropean private equity firm Bridgepoint, has announced the acquisition of the German chemical manufacturer Cabb from AXA Private Equity in a deal that values the company at €340m. Cabb currently operates four manufacturing sites in Germany, Switzerland and India, with sales offices in the U.K, China,... CARLYLE – ACQUISITION OF SHIPPING ASSETS Global private equity firm The Carlyle Group, has formed a joint venture with Hong Kong-based firm Tiger Group Investments to acquire more than $5,000m in shipping and container assets. Over the next five years, the company will commit up to $900m in equity for the acquisitions. Carlyle Partners V and Ca... PAI – SALE OF YOPLAIT Paneuropean private equity firm PAI Partners, has reached an exclusivity agreement with US group General Mills for the sale of its 51% stake in French dairy company Yoplait in a deal that values the company at €1,600m. Yoplait is the world´s second-largest brand in fresh dairy products with a 9% global m... EVERSTONE – FINAL CLOSE OF FUND II Indian private equity fund Everstone, has announced the final close of its second fund on its hard cap of $550m. Fund II will focus on deals in India´s consumer-driven sectors like retail, and also into so called “infrastructure-enabling” companies. Everstone´s first fund, Indivision I, raised $425m in 2006. SYNERGO – FINAL CLOSE OF FUND II Italian private equity firm Synergo has announced the final close of its second fund on €350m. The fund is to target investments in mid-market Italian companies with enterprise values between €50m and €250m. LEVINE LEICHTMAN – FINAL CLOSE OF NEW FUND US private equity firm Levine Leichtman has announced the final close of its seventh fund on $225m. This fund will target businesses in the consumer products, light manufacturing and services sectors. CD&R – APPOINTMENT OF SONJA TERRANEO Global private equity firm Clayton Dubilier & Rice has announced the appointment of Sonja Terraneo as a partner to focus on sourcing European deals from its London office. Terraneo previously worked as a , former partner and Global Head of Industrials at Permira partner and global head of industrials at ... KKR – IPO OF HCA Global private equity firm KKR has announced the IPO of HCA raising $3.79bn by selling 126.2 million shares at $30 each. HCA is the biggest hospital operator in the US. The company’s owners, including KKR, Bain Capital, Bank of America’s private equity unit and the founding family, sold 36.3 million shar... FIRST RESERVE – INVESTMENT IN ANSALDO ENERGÍA Global private equity firm First Reserve has taken a minority stake in Ansaldo Energía, a power plant division of aerospace and defense conglomerate Finmeccanica. First Reserve will take a 45% stake in the company and will provide €225m of equity with Finmeccanica holding the majority balance and contrib... BAIN CAPITAL – INVESTMENT IN HERO INVESTMENTS Global private equity firm Bain Capital, together with sovereign wealth fund GIC, has invested in Indian group Hero Investments to help it finance the buyout of a 26% stake in Hero Honda, the joint-venture between Japanese automaker Honda and Hero. The Japanese firm will exit the company, which is the In... INVESTCORP – SALE OF MOODY Global private equity firm Investcorp has announced the sale of Moody International, a provider of safety consulting and testing to industrial companies. Moody is being acquired by Intertek for £450m and generated sales of $476m in 2010. Investcorp will make 3,0x its investment with the sale PALAMON – SALE OF DRESS-FOR-LESS Paneuropean private equity firm Palamon has sold online fashion retailer Dress-For-Less to trade buyer, General Atlantic-backed Privalia Venta Directa. Financial details were not disclosed, although different sources estimate the company was valued at around €200m. The exit will generate a 40% IRR for Palamon CARLYLE – ACQUISITION OF TSUBAKI Global private equity firm The Carlyle Group has agreed the acquisition of Japanese ball-bearing maker Tsubaki Nakashima from Nomura for ¥66,000m ($804m). Founded in 1936, Tsubaki Nakashima is a global manufacturer of high quality bearing components, mainly precision balls, with advanced engineering and ... ARES – PUBLIC TO PRIVATE OF GLOBAL DEFENSE North-American private equity firm Ares Management, has announced the acquisition of trading company Global Defense Technology & Systems in a $315m transaction. GTEC provides mission-critical, technology-based systems, solutions and services for national security agencies and programs of the U.S government. PAI – SALE OF KWIK FIT Paneuropean private equity firm PAI Partners, has agreed the sale of UK car repair chain to Japanese listed company Itochu Corporation in a deal valued at £637m. PAI acquired Kwik Fit in 2005. Altamar has an indirect investment in the company through its commitment in PAI IV. BARCLAYS – SALE OF SITECO UK private equity firm Barclays Private Equity has announced the sale of lighting equipment maker Siteco Group to Osram for €300m. Siteco employs 1,250 people globally and generated revenues of around €220m in 2010. FRANCISCO PARTNERS – CLOSE FUND III Global private equity firm Francisco Partners has closed its third fund focused exclusively on information technology investments on its $2,000m hard cap. The firm had closed its previous fund in 2006 with $3,200m of commitments. carlyle – APPOINTMENT OF usa co-head Global private equity firm The Carlyle Group has announced the appointment of Peter J. Clare as co-head of the U.S Buyout group. Mr Clare has been with Carlyle since 1992, most recently serving as head of the Aerospace and Defense sector team. He is being succeeded by Adam Palmer, who joined the firm in 1996. CARLYLE – ACQUISITION OF REDFLEX Global private equity firm Carlyle Group, together with Australian Macquaire Group, has acquired through a P2P transaction Australia-based traffic safety company Redflex for A$300m. Redflex manufactures and operates traffic safety equipment such as cameras to catch people who run red lights, speed etc. MID EUROPA – ACQUISITION OF ZABKA POLSKA Mid Europa, a private equity firm focused to Central and Eastern Europe, has acquired Polish grocery store chain Zabka Polska from Czech private equity firm Penta Investments. Transaction details were not disclosed. Zabka operates 2,455 grocery stores in Poland TPG – SALE OF MEY ICKI Global private equity firm TPG has agreed to sell Turkish alcohol beverages producer Mey Icki to trade buyer Diageo for €1.5bn. TPG acquired the company in 2006. Diageo is a London-headquartered owner of liquor brands including Johnnie Walker and Smirnoff SILVERFLEET – SALE OF STERIGENICS Paneuropean private equity firm Silverfleet Capital has agreed to sell Sterigenics International to private equity firm GTCR for $675m. The company, which provides sterilization services to the medical device industry, was acquired by Silverfleet in 2004 AXA – SALE OF GERFLOR Paneuropean private equity firm AXA Private Equity has agreed to sell Gerflor to Intermediate Capital Group (ICG). Terms of the transaction were not disclosed but different sources estimate the company was valued at about €500m. ICG will also purchase minority stakes from other shareholders including Bar... GTCR – FINAL CLOSING OF ITS TENTH FUND ON $3.25BN North American private equity firm GTCR has closed its tenth fund with more than $3.25bn in commitments, beating its $3bn target in only seven months. GTCR raised $2.75bn for its prior fund in 2006. About 80% of the firm’s existing investors have committed to the new fund KKR – FINAL CLOSING OF KKR CHINA GROWTH FUND ON $1BN Global private equity firm KKR has closed its first fund targeting growth investments in China on its $1bn hard cap. The firm launched the fund last year with a target size of $800m EQT – ACQUISITION OF GALA TV Global private equity firm EQT Partners has acquired 100% of Taiwanese TV channel operator Gala TV (GTV) alongside its CEO Poa-Chuan Lin. Financial details were not disclosed. Established in 1997, GTV produces Chinese-language programmes across four channels. The investment was made from EQT Greater China II. CARLYLE – SALE OF JMC Global private equity firm The Carlyle Group has agreed to sell its majority stake in steel pipe and tube manufacturer John Maneely Company (JMC) to the Zekelman family, which presently owns a minority stake. Financial details were not disclosed. Carlyle acquired JMC in 2006 investing from its Carlyle Pa... ONEX – SALE OF EMSC North American private equity firm Onex Corporation has agreed to sell Emergency Medical Services Corporation (EMSC) to Clayton Dubilier & Rice for $3,200m, generating roughly a 10x return multiple. EMSC provides healthcare transportation services and outsourced facility-based physician services in the US. KKR – SALE OF DER GRUNE PUNKT Global private equity firm Kohlberg Kravis Roberts & Co, has announced the sale of recycling and waste disposal company Der Grune Punkt. Financial details were not disclosed. KKR bought the company in 2005. ADVENT – SALE OF AIRCOM Global private equity firm Advent International has announced the sale of British company Aircom to H.I.G Europe. Financial details were not disclosed. Aircom provides network planning and optimisation services to the mobile telecommunications industry. Advent acquired the company in 2005. VERITAS – public to private of CPI North American private equity firm Veritas Capital, has announced the acquisition of listed company CPI International for $525m. CPI provides microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications. APOLLO – sale of HUGHES Global private equity firm Apollo has agreed the sale of its majority stake in listed company Hughes Communications to Echostar. The transaction values the company at $2,000m. The offer price was $60,70 per share, a 31% premium. Hughes provides broadband satellite networks and services. GORES GROUP – close fund III Global private equity firm Gores Group has closed Gores Capital Partners III on $2,000m, exceeding the fund’s $1,500m target. The firm will look to make control investments in mid-market turnarounds, restructurings and distressed situations in USA and Europe. APAX france – departure of MAURICE TCHENIO French private equity firm Apax France has announced the departure of CEO Maurice Tchenio, one of the three founders of private equity global firm Apax Partners, who begins a new endeavour with the creation of a foundation. Maurice will be replaced by Eddie Misrahi, who joined Apax Partners in 1991 as a ... CARLYLE – new CFO Global private equity firm The Carlyle Group has hired Adena Friedman as CFO, managing director, and member of the operating committee. Friedman comes from NASDAQ OMX Group, where she was CFO and executive vice president for corporate strategy. Adena Friedman is replacing Peter Nachtwey who resigned in D... AXA & PERMIRA – ACQUISITION OF OPODO Paneuropean private equity firms AXA and Permira have acquired Spanish online travel agent Opodo for €450m. The company is being sold by travel technology group Amadeus. The firms are planning to merge Opodo with GoVoyage and eDreams, owned by AXA and Permira respectively HIG EUROPE – ACQUISITION OF SEVEN LEISURE PARKS HIG Europe, la rama europea de la firma de private equity estadounidense HIG, junto con el gestor especializado en el sector de los parques temáticos Laurent Bruloy, ha adquirido siete parques temáticos en Europa. La operación incluye 4 parques en Francia, 1 en Suiza, 1 en Holanda y 1 en Reino Unido, tod... ALTOR – SALE OF FERROSAN CONSUMER HEALTH Nordic private equity firm Altor Equity Partners, has agreed to sell Ferrosan Consumer Health, a Danish consumer health company which produces a variety of goods including vitamins and skincare products, to publicly traded Pfizer. Terms of the deal were not disclosed. Altor invested in Ferrosan in 2005 a... FIRST RESERVE & RIVERSTONE – SALE OF DRESSER North American energy-focused firms First Reserve and Riverstone have announced the sale of Dresser, an energy infrastructure equipment and service provider, to GE Energy for $3bn. First Reserve acquired the company 10 years ago together with Odyssey Investment Partners in a $1.55bn deal. In 2007 Riverst... 21 CENTRALE – FINAL CLOSE OF ITS FOURTH FUND ON €380M French private equity firm 21 Centrale Partners have announced the final close of its fourth fund on €380m. The fund is 25% larger than its predecessor TERRA FIRMA – DEPARTURE OF ANGELIKA SCHÖCHLIN Paneuropean private equity firm Terra Firma has announced the departure of Angelika Schöchlin, who was a director at the firm’s Frankfurt office. She will be joining French infrastructure fund manager Antlin Infrastructure as a partner carlyle – acquisition of idh Global private equity firm The Carlyle Group, has announced the acquisition of Integrated Dental Holdings from Bank of America Merril Lynch Capital Partners. The firm has planned to merge the company with Associated Dental Priactices (ADP), which is owned by Palamon Capital. Financial details were not di... ADVENT INTERNATIONAL – INVESTMENT IN TOWERGATE Global private equity firm Advent International, has agreed to make a £200m investment in Towergate Partnership Limited, Europe´s largest independent insurance intermediary. AXA – sale of gealan French private equity firm Axa Private Equity has announced the sale of German window maker Gealan Beteiligungs to Halder. The company has been valued at €170m. Axa Private Equiy acquired Gealan in December 2004 HIG – ADQUISICIÓN DE BBC Global private equity firm H.I.G Capital has agreed the acquisition of Building Block Chemicals (BBC), the commodity chemicals division of North American listed group Cytec Industries, for $180m. BBC reached sales of $600m in 2010. BARING ASIA – CLOSE OF FUND V Asian private equity firm Baring Private Equity Asia has announced the final close of its fifth fund on its hard-cap of $2,460m. The fund has been highly demanded by LP`s and closed in a short period of time. ALTAMONT – CLOSE OF DEBUT FUND North American private equity firm Altamont has announced the final close of its inaugural fund on $500m. Altamont was launched in 2010 by professionals who previously worked at Golden Gate Capital and Bain & Co. The firm will target investments between $10m and $75m primarily for control positions in mi... encap – CLOSE OF FUND viii North American private equity firm focused in the oil & gas industry Encap has announced the final close of its fund VIII on $3,500m. The fund has already made six investments. In March 2010, EcCap closed its EnCap Energy Infrastructure Fundo on $792m. BIRCH HILL EQUITY PARTNERS – CLOSE OF FUND IV Canadian private equity firm Birch Hill Equity Partners has announced the final close of its fourth fund on $1,030m. Birch Hill`s previous fund was closed in 2006 on $739m. PROVIDENCE – hire of Piers Dennison Global private equity firm Providence Equity Partners has hired Piers Dennison, Candover´s former head of investor relations, to raise funds from its European limited partner base. INVESTINDUSTRIAL – ACQUISITION OF SNAI Italian private equity firm Investindustrial and investment firm Palladio Finanziaria have bought Snai, Italy’s biggest racetrack and sports-betting manager. The deal was worth €140m. The two private equity firms acquired 50.68% of the Milan-listed company’s shares for €2.36 each GENERAL ATLANTIC – ACQUISITION OF KASPERSKY LABS Global growth capital investor General Atlantic has invested $200m in Kaspersky Labs, a Russian IT security business, to acquire a 20% stake in the company. General Atlantic will be the second largest investor in the company, behind the founder and CEO. Kaspersky is the largest antivirus company in Europe RIVERSIDE – ACQUISITION OF ORLIMAN Paneuropean private equity firm Riverside has acquired Spanish manufacturer and distributer of orthopedic products Orliman. Financial details of the transaction were not disclosed. The company is based in Valencia and employs 84 people CLAIRVEST – CLOSING OF ITS FOURTH FUND ON $467M Canadian private equity firm Clairvest, which is owned by the quoted trust with the same name, has closed its fourth fund, Clairvest Equity Partners IV, on $467m, surpassing its $400m target. Its third fund closed on $300m in 2006 ELEVATION PARTNERS – DEPARTURE OF MARC BODNICK Elevation Partners, a North American media-focused private equity firm, has announced Marc Bodnick is leaving the firm to join question-and-answer site Quora. Bodnick co-founded Elevation Partners in 2004 together with Roger McNammee KKR – APPOINTMENT OF JAMES OWEN Global private equity firm KKR has announced it has appointed James Owen as senior advisor to the firm. Owen was formerly de CEO of US-based construction equipment company Caterpillar. He will also take seat in KKR’s portfolio management committee which is responsible for overseeing the firm’s current in... CARLYLE – ACQUISITION OF ALPINVEST Global private equity firm Carlyle has acquired the fund of funds Alpinvest, which was until now owned by Dutch pension funds APG and PGGM. Alpinvest has €32bn in assets under management. Financial details of the transaction were not disclosed ADVENT – ACQUISITION OF TCP Global Private equity firm Advent International has agreed to acquire half of Terminal de Contêineres de Paranaguá, the third-largest container port terminal in Brazil. Financial terms were not disclosed but it is the largest transaction that the firm has done in the country. The investment is coming out... ADVENT – ACQUISITION OF PRIORY Global private equity firm Advent International has announced the acquisition of the Priory Group from an investor consortium led by Royal Bank of Scotland in a deal valuing the addiction-clinic operator at £925m. Advent will invest from its Global Private Equity fund VI. AXA – ACQUISITION OF NOVACAP French private equity firm AXA Private Equity has agreed to buy a majority stake in chemicals group Novacap from Bain Capital for an enterprise value of €240m. EQT – ACQUISITION OF CFF Nordic private equity firm EQT Partners has acquired a 96% stake in Classic Fine Foods from UK-based Vestey Group. Financial details were not disclosed. Established in 1999, CFF is an importer and distributor of fine foods products and has operations in 11 markets around the globe. Asian markets together... CHARTERHOUSE – SALE OF CAMELOT Paneuropean private equity firm Charterhouse Group has agreed the sale of behavioral health and alternative education company Camelot to The Riverside Company. Terms of the transaction were not disclosed, but a source close to the situation estimated the deal size to be under $100 million. Charterhouse ... BLACKSTONE – NEW HEAD OF EUROPA The global private equity firm The Blackstone Group has announced the appointment of Joe Baratta, a London-based senior managing director, as head of its European operations. David Blitzer, who has since 2002 run the Blackstone Group’s European business from London, will return to New York, where the fir... LDC – NEW HEAD OF LONDON OFFICE UK private equity firm LDC, has announced the promotion of Daniel Sasaki to managing director of its London team. Sasaki, who joined LDC in 2008, will succeed Peter Brooks, who will act as a consultant to the firm and remains on the boards of several of LDC´s portfolio companies. PERMIRA – CO-HEADS FOR ASIA Global private equity firm Permira has selected Henry Chen and Alex Emery to co-head its Asian operations. From Hong Kong, the duo will spearhead the firm’s expansion across Asia, with a focus on Greater China, Korea and Japan. Chen joined Permira in 2008 as head of its Hong Kong office. Emery helped Per... CVC – ACQUISITION OF CAPIO SANIDAD Global private equity firm CVC has agreed to acquire Capio Sanidad, the Spanish business of Swedish healthcare group Capio, in a €900m deal. Capio Sanidad operates more than 20 hospitals and healthcare centers in five regions of Spain. It employs 4,500 clinical staff and the facilities include more than ... GORES GROUP – SALE OF LINEAGE POWER North American private equity firm Gores Group has agreed to sell power company Lineage Power to General Electric in a deal valued at $520m. The firm estimates it will achieve a 3,0x return on the investment. Gores acquired the company in January 2008 SUN EUROPEAN PARTNERS – ACQUISITION OF NEXTPHARMA TECHNOLOGIES Sun European Partners, the European unit of Sun Capital Partners, has agreed to buy NextPharma Technologies, a UK-based provider of services to the pharmaceutical and biotechnology industry. Financial details of the transaction were not disclosed. NextPharma offers clinical trials and logistic services a... ECI – SALE OF WCI CONSULTING UK private equity firm ECI has announced that it has sold WCI Consulting, a patient safety and compliance adviser to the pharmaceutical industry, to TAKE Solutions, an Indian technology company. WCI Consulting has a turnover of around £10m PERCEVA CAPITAL – FINAL CLOSING OF ITS FIRST FUND ON €150M French special situations specialist Perceva Capital has raised €150m for its debut fund. Perceva was founded in 2007 as a spin-out of Butler Capital and is headed by four professionals (three of them were formerly part of Butler’s team). When the firm was set up it was solely sponsored by Nomura, which ... CARLYLE – PROMOTION OF 15 MANAGING PARTNERS Global private equity firm Carlyle has promoted seven private equity executives to managing directors alongside eight other real estate, legal and accounting professionals. A further 20 executives were promoted to Principal/Director positions WELSH CARSON – HIRING OF VICTOR SIMONE North American private equity firm Welsh Carson Anderson & Stowe has named Victor Simone senior industry executive responsible for assisting the firm with financial technology and services investments. Simone joins Welsh Carson’s resources group, a team of 25 executives. He previously worked at Goldman S... Monomoy Capital Partners – sale of SRC North American private equity firm Monomoy Capital Partners has agreed to sale specialty chemical producer SRC to Buckingham Capital and Stelaris Capital. Financial details were not disclosed. Monomoy, which acquired the company in 2007, is generating a 5x return. HELIOS – ACQUISITION OF INTERSWITCH Africa-focused private equity firm Helios Investment Partners has announced the acquisition of a 68% stake in Nigerian electronic transaction switching and payment processing company InterSwitch for $110m. Technology-oriented private equity firm Adlevo Capital will be co-investing alongside Helios in the... CHAMP – ACQUISITION OF CONSTELLATION Global private equity firm CHAMP Private Equity has agreed to acquire the Australian and UK subsidiaries of New York Stock Exchange-listed wine company Constellation Brands in a deal valued at around AUS$290m. STONE POINT CAPITAL – close of Fund V Global private equity firm focused on financial services Stone Point Capital has announced the close of its Trident V fund on $3,500m of committed capital, exceeding its $2,250m target. Monomoy Capital Partners – close of fund ii North American private equity firm Monomoy Capital Partners has announced the close of its second fund on $400m, exceeding its $350m target. The fund is focused on distressed and turnaround investments. Phoenix – hire of partner UK private equity firm Phoenix Equity Partners has named Royal Navy veteran Jim Graham as operating partner, a newly created position. Prior to the move Graham spent three years in a similar role with buyout house Candover Partner BLACKSTONE & DINAMIA – ACQUISITION OF MIVISA Global private equity firm Blackstone, together with Spanish fund Dinamia Capital Privado have acquired Mivisa, a Spanish maker of food cans. The transaction valued the company at between €850m and €900m. The company was until now owned by CVC and generates annual sales of more than €500m and EBITDA of a... WATERLAND – ACQUISITION OF RHM GROUP Waterland, a private equity firm focused on the Netherlands, Belgium and Germany, has acquired RHM Group, a clinic and nursing home operator in Germany which was until now owned by its founder. RHM owns about 1,300 beds in rehabilitation and acute care clinics and provides about 600 beds for nursing care... CARLYLE – SALE OF CHINA PACIFIC INSURANCE Global private equity firm Carlyle has sold part of its stake in China Pacific Insurance for around $860m via a private placing of shares. Carlyle’s investment value in China Pacific has risen over 10 times since its investment in 2009 and the IPO of the company last year. Prior to the sell-down Carlyle ... BC PARTNERS – ACQUISITION OF ATI ENTERPRISES AND RESTRUCTURING OF FOXTONS Global Private Equity firm BC Partners has completed the acquisition of US-based education provider ATI Enterprises from a consortium of private equity firms comprising Riverside USA and Primus for around $500m of EV. In related news, BC Partners has seen its stake in UK estate agent Foxtons dilute signi... ADVENT V – ADQUISITIÓN OF TWO ADD-ONS Global Private Equity firm Advent has agreed the acquisition of two add-ons for two portfolio companies. It has acquired Zafinity, a UK business process outsourcing company (BPO) specialized in pensions, that it will merge with portfolio company Equiniti, and it has also acquired another company to merge... CLAYTON DUBILIER & RICE – ACQUISITION OF BRITISH CAR AUCTIONS (BCA) Global Private Equity firm Clayton Dubilier & Rice has announced the acquisition of London-based British Car Auctions, a vehicle auctions and remarketing company for an EV of £390m from Montagu, which acquired the company in 2006 CLAYTON DUBILIER & RICE – CLOSING OF EIGHTH FUND Global Private Equity firm Clayton Dubilier & Rice, has announced the closing of its eighth buyout fund on $5,000m after it held a first closing in March 2008 and after reducing its target size from $7,500m to $5,000m. The fund outsizes its 2005 predecessor fund in $1,000m and already includes several in... ADVENT – SALE OF TAKKO Global private equity firm Advent International has announced the sale of German fashion company Takko to Apax Partners for €1,300m. Advent acquired Takko in 2007 from its fund GPE V. ABRAAJ CAPITAL – ACQUISITION OF NETWORK INTERNATIONAL Middle East private equity firm Abraaj Capital has agreed the acquisition of a 49% stake in Network International, the credit card processing arm of Emirates NBD bank, for AED 2,000m (€415m). CERBERUS – SALE OF CHRYSLER FINANCIAL Cerberus will retain ownership of a loan-foreclosure business and insurance unit of Chrysler Financial valued at just under $1,000m. Chrysler Financial supported financial products and services to both dealers and consumers of Chrysler, Jeep and Dodge vehicles in United States, Canada, Mexico, Puerto Ric... LITTLEJOHN – SALE OF VAN HOUTTE Global private equity firm Littlejohn & Company has agreed to sell North American gourmet coffee company and franchise operator Van Houtte to Green Mountain Coffee Roasters for CAN$915m (€690m). Littlejohn took the company private in 2007, investing from its third fund EQT – ACQUISITION OF QINYUAN BAKERY Nordic private equity firm EQT has announced the acquisition of a 65% stake in Western China´s Qinyuan Bakery chain. Financial details of the transaction were not disclosed. Founders will keep a 35% stake in the company. HG – ACQUISITION OF AMLIDEN Paneuropean private equity firm HgCapital has agreed to buy the 41 megawatt Amliden wind farm project in Sweden from Nordisk Vindkraft. Financial details of the transaction were not disclosed but a person familiar with the situation told the deal was worth around €80m. FIRST RESERVE – SALE OF BAHAMAS OIL REFINING Global private equity firm First Reserve Corporation has agreed has agreed to sell its 80% stake in the Bahamas Oil Refining Company terminal for $1,360m to publicly traded Buckeye Partners, a Houston-based pipeline and energy specialist. TPG – ACQUISITION OF DELTA DUNIA MAKMUR Global private equity firm TPG Capital and the Government of Singapore Investment Corporation (GIC) has bought non-voting stakes in Indonesia Stock Exchange-listed coal mining contractor Delta Dunia Makmur from local conglomerates Sinar Mas Group and Bakrie Group. Financial details were not disclosed but... ARGOS SODITIC – CLOSE OF FUND VI European private equity firm Argos Soditic has closed its Euroknights VI fund at its hardcap of €400m. More than 90% of limited partners in Fund V returned for Fund VI. The firm targets small to mid-sized companies predominantly in France, Switzerland and Italy. KKR – HIRE OF MENA HEAD Global private equity firm Kohlberg Kravis Roberts has announced the hire of Kaveh Samie as head of the operations in Middle East and North Africa. Samie, HSBC’s former head of equities in the area, will begin work with KKR in January following the departure of Makram Azar, who left the firm in June 2010... ACC CAPITAL – SALE OF IMCS Paneuropean private equity firm AAC Capital has sold Dutch specialty chemical distributor IMCD to Bain Capital for €650m. The company provides sales, marketing and distribution services to suppliers and users of specialty chemicals 3i – SALE OF HYVA AND ACQUISITION OF AMOR GROUP Paneuropean private equity firm 3i has announced the sale of hydraulic cylinder manufacturer Hyva to a consortium led by Asia-focused private equity firm Unitas Capital. The deal values the company at €325m and represents a return of 10x 3i’s original investment of €125m. Taking into account an additiona... CENTRE PARTNERS – SALE OF BUMBLE BEE North American private equity firm Centre Partners has completed the sale of Bumble Bee Foods for $980m to consumer sector specialist firm Lion Capital. Bumble Bee is North American’s largest seafood company ACTIVA CAPITAL – SALE OF MATERNE French private equity firm Activa Capital has agreed the sale of dessert maker Materne Mont Blanc for approximately €200m to LBO France. The transaction represented a 3x return for the firm and a 40% IRR TOWERBROOK – SALE OF POLYMER LATEX Global private equity firm Towerbrook has sold latex producer Polymer Latex to trade buyer Yule Catto for €443m. The company had €286m of debt and was acquired by Towerbrook in May 2003 IK INVESTMENT PARTNERS & RATOS – SALE OF SUPERFOS INDUSTRIES Nordic private equity firms IK Investment Partners and Ratos have announced the sale of plastic packaging maker Superfos Industries to RCP Group for approximately €200m. Superfos makes plastic packaging products for the food, paint and chemical industries. Until now, IK owned 66% of the company and Ratos 33% PALAMON CAPITAL PARTNERS – SALE OF LOYALTY PARTNERS Paneuropean private equity firm Palamon Capital Partners has agreed to sale its 54% stake in Loyalty Partners to American Express for €240m, in a deal that values the company at approximately €500m. Loyalty Partners operates one of Germany’s most carried cards. The sale tripled Palamon’s invested equity ... MONTAGU – ACQUISITION OF HELLY HANSEN Paneuropean private equity firm Montagu has announced the acquisition of Helly Hansen for around £100m. Helly Hansen is a Norwegian survival equipment maker APAX – ACQUISITION OF ISS Global private equity firm Apax Partners has announced the acquisition of Danish utility services company ISS for $8,500m from EQT Partners and Goldman Sachs Capital Partners. Goldman and EQT de-listed the company in 2005. ISS' main busines lines include providing cleaning services, property services lik... MEP – SALE OF ASTER AND CESKE RADIOKOMUNIKACE Paneuropean private equity firm Mid Europa Partners has announced the sale of its Polish cable television business Aster to a US trade buyer, Liberty Global, for PLN2,400m (€600m), obtaining a money multiple of around 2x. THEMES– ACQUISITION OF STANDARD WATER China-focused private equity firm Themes Investment Management has announced the acquisition of a 70% stake in water treatment company Standard Water, from infrastructure group CNA Group among other divesting shareholders, for $110m. Standard Water's management will hold the remaining 30% of equity. The ... BPE – SALE OF AEROCAN Paneuropean private equity firm Barclays Private Equity has agreed the sale of Aerocan, a European manufacturer of aerosol cans, to US-based packaging and aerospace company Ball for €221m. BPE took control of Aerocan in 2008. APAX – SALE OF CARD PROGRAM MANAGEMENT Global private equity firm Apax Partners, has announced the sale of Card Program Management (CPM), the prepaid-card program management division of Travelex, to MasterCard for £290m. Travelex, a UK provider of international payment services, is owned by Apax Partners since 2005. MORGAN STANLEY – SALE OF CICC Global private equity firm Morgan Stanley has agreed to sell its 34.3% stake in China investment bank China International Capital Corporation to investors including private equity firms KKR and TPG. The deal was valued at around $1bn APAX – SALE OF QUALITEST PHARMA Global private equity firm Apax has completed the sale of generics company Qualitest Pharmaceuticals to Endo Pharmaceuticals. The deal was valued at around $1.2bn. Apax acquired the company in 2007 ONCAP – SALE OF CSI GLOBAL EDUCATION North American private equity firm Oncap has sold CSI Global Education to Moody’s in a transaction valued at approximately $155m, generating a return multiple of approximately 5.8x. CSI provides financial education services to individuals JMI EQUITY – FINAL CLOSE OF ITS SEVENTH FUND ON $875M North American private equity firm JMI has announced the closing of its seventh fund on $875m, beating its $800m target. JMI collected $600m in 2007 for its sixth fund APOLLO – HIRING OF MARC SPILKER North American private equity firm Apollo has hired Marc Spilker as president of the firm. Spilker was until May, when he retired from the role, the co-Head of investment management for Goldman Sachs, where he worked for 20 years. In Apollo he will help to run the day CARLYLE – SALE OF BRITAX Global private equity firm The Carlyle Group, has announced the sale of children’s car seat manufacturer Britax Childcare to Nordic Capital. Financial terms of the transaction were not disclosed, but a source close to Carlyle valued the transaction at approximately £450m, earning the firm an exit multipl... CARLYLE – SALE OF PHILOSOPHY Global private equity firm The Carlyle Group, has agreed the sale of philosophy, a skincare and cosmetics company, to beauty company Coty. Financial terms were not disclosed, but a source close to the deal valued the transaction at just shy of $1,000m. Carlyle acquired philosophy in March 2007 from Carly... THOMA BRAVO – ACQUISITION OF NOVELL North American private equity firm Thoma Bravo has announced the purchase of listed computing services company Novell for roughly $2,200m. The transaction is an add-on to the firm’s IT services company Attachmate Corporation, which it acquired alongside Francisco Partners and Golden Gate Capital in 2005. PAI – ACQUISITION OF HUNKEMOLLER Paneuropean private equity firm PAI Partners has agreed the acquisition of Maxeda´s lingerie chain Hunkemoller. Financial terms of the transaction were not disclosed, but a source close to the deal valued the transaction between €260m and €280m. Maxeda is owned by Cinven, Permira and AlpInvest Partners. KKR, VESTAR, CENTERVIEW – ACQUISITION OF DEL MONTE FOODS Global private equity firms KKR and Vestar Capital Partners, alongside North American private equity firm Centerview Partners have agreed to delist the food group Del Monte Foods for $5,300m. The $19 per share offer price represents a premium of approximately 40% over the company’s average closing share ... TPG, LEONARD GREEN – ACQUISITION OF J.CREW Global private equity firm TPG and North American private equity firm Leonard Green have entered into an agreement to acquire clothing retailer J.Crew for approximately $3,000m. The $43.50 per share offer price represents a premium of 29% to the firm´s average closing price over the last month. TPG first... LONE STAR – SALE OF KEB Global private equity firm Lone Star has agreed to sale its 51% stake in Korea Exchange Bank (KEB) to Hana Financial Group for $4,200m. Lone Star bought its stake in 2003. KEB is one of the largest banks in South Korea APAX – ACQUISITION OF ADVANTAGE Global private equity firm Apax Partners has announced the acquisition of the North American sales and marketing agency Advantage Sales & Marketing (ASM) from JW Childs Associates and BAML Capital Partners for $1,800m. Apax will invest from its fund VII. KKR – IPO OF MODERN DAIRY Global private equity firm KKR and CDH Investments have announced the IPO of China Modern Dairy Holding, which has raised HK$3,500m (€339m). Modern Dairy is one of the largest operators of large-scale dairy farms in China with a total production capacity of more than 150,000 tons of raw milk per year. 3i – ACQUISITION OF SMT Paneuropean private equity firm 3i, has agreed the acquisition of Stork Materials Technology from aerospace and industry services company Stork for €150m. Stork is owned by Candover from 2008. SMT comprises a network of laboratories providing testing and consultation to industries including aerospace, oi... APAX, BLACKSTONE, KKR, PERMIRA, PROVIDENCE – SALE OF STAKE OF TDC Global private equity firms Apax Partners, The Blackstone Group, KKR, Permira and Providence Equity, have announced their intention to sale part of its majority stake in Denmark’s leading telecoms operator TDC for DK47-DK56 ($8.40 - $10) per share. The transaction values the company at $8,300m. Private e... CINVEN – HIRE OF THILO SAUTTER Paneuropean private equity firm Cinven, has announced the hire of Thilo Sautter as a partner. Sautter will jointly lead the European firm’s activities in German-speaking markets alongside Cinven partner and Frankfurt office head Bruno Schick. Sautter had worked for 13 years for Investcorp, where he was r... APAX – SALE OF IFCO SYSTEMS Global private equity firm Apax Partners has announced the sale of IFCO Systems to Australian logistics company Brambles for €923m. IFCO manufactures reusable plastic containers used to transport food and vegetables. Apax acquired the company in a Public to Private deal in 2004 3i – SALE OF RBG Paneuropean private equity firm 3i has announced the sale of oil services company RBG to Montagu Private Equity for £200m. RBG was created by 3i in 2004 through the merger of three oil businesses PAMLICO – ACQUISITION OF ATX NETWORKS Pamlico Capital, the mid-market spinoff of North American private equity firm Wells Fargo, has acquired a majority stake in ATX Networks from Trivest Partners. Terms of the deal were not disclosed but different sources valued the transaction at between $100m and $200m with Pamlico investing between $50m ... ADVENT – ACQUISITION OF TINSA Global private equity firm Advent has acquired Spanish property valuation business Tinsa in a deal valued at €100m. Advent will own a 94.5% in the business with the remaining equity being kept by the firm’s founding partners AVISTA CAPITAL – HIRING OF ARTHUR ZUCKERMAN Global private equity firm Avista Capital has named Arthur Zuckerman as its new Chief Operating Officer. Before joining Avista, Zuckerman was CEO of The TriCycle Group, a consultancy firm focused on the operational improvement of private equity houses. Prior to that, Zuckerman worked as the managing dire... DOUGHTY HANSON – ACQUISITION OF VUE ENTERTAINMENT Paneuropean private equity firm Doughty Hanson has announced the acquisition of Vue Entertainment, one of the UK’s leading developers and operators of state-of-the-art multiplex cinemas, from Cavendish Square Partners, Och-Ziff Capital Management Group and the existing management team for £450m. Vue has ... TPG – ACQUISITION OF AVON JAPAN Global private equity firm TPG has agreed to buy 75% of Avon Japan for ¥7,300m ($90.35m). The stake is being purchased from the Avon company, which is the largest shareholder in the JASDAQ-listed cosmetics firm. In addition, TPG has offered to pay shareholders ¥74 per share ($0.90), the same price paid t... CD&R – ACQUISITION OF ATKORE Global private equity firm Clayton Dubilier & Rice has agreed to buy a 51% stake in Tyco International’s electrical and metal products business Atkore International for $306m, in a deal valued at approximately $1,000m. Atkore manufactures and distributes products including steel tubing, sprinkler pipe, p... ADVENT – SALE OF SOPHIS Global private equity firm Advent International has announced the sale of software company Sophis to Misys, a banking industry-focused IT solutions company, for €435m. Sophis provides cross-asset, front-to-back office securities trading systems, with specialism in portfolio and risk management. Advent ac... PAI – ACQUISITION OF SWISSPORT Paneuropean private equity firm PAI has announced the acquisition of Swissport International for €654m. Swissport, an airport ground handling firm, was acquired by Spanish Ferrovial in 2005, who is now selling the company in order to reduce its debt pile OAKTREE – ACQUISITION OF GULMAR AND BELUGA SHIPPING Global private equity firm Oaktree has paid $100m and $280m for major stakes in Gulmar, Dubai-based operator of diving support vessels, and German-based operator of heavy-lift ships Beluga Shipping respectively LITTLEJOHN – FINAL CLOSING OF ITS FOURTH FUND ON $1.3BN North American private equity firm Littlejohn has closed its fourth private equity fund on $1.34bn, surpassing the firms target of $1.25bn. Littlejohn closed its third fund on $650m in 2005 but completed an additional round of fundraising in 2007 bringing the total for Fund III to $850m WELLSPRING – FINAL CLOSING OF ITS FIFTH FUND ON $1.2BN North American private equity firm Wellspring has closed its fifth buyout fund on $1.2n. Wellspring’s fourth fund closed on $1bn in 2006 and is nearly fully committed RIVERSIDE – FINAL CLOSING OF ITS FOURTH EUROPEAN FUND ON €420M Global private equity firm Riverside has closed its fourth European fund at €420m. The firm’s European third fund closed in 2007 on €320m KKR – FIRST CLOSING ON CHINA GROWTH FUND AT $700M Global private equity firm KKR has reached its first close at $700m for its China Growth Fund. The fund will focus on fast-growing companies in China and is expected to reach a final close at $1bn in the fourth quarter of 2010 3i – SALE OF MWM AND BALCO Global private equity firm 3i, has announced the sale of MWM, a Germany-based manufacturer of combustion engines, to US-based construction equipment provider Caterpillar for €580m. The deal represents a 2.2x return on the original investment and an IRR of approximately 25%. 3i has also sold its minority ... APOLLO/CVC – PUBLIC TO PRIVATE OF BRIT INSURANCE Global private equity firms Apollo Management and CVC Capital Partners have reached agreement with the board of Brit Insurance to take the London-listed business private for up to £888m. The full price of £11 per share represents a premium of 51% to the closing price on 10 June. Brit insurance provides o... CARLYLE – PUBLIC TO PRIVATE OF COMMSCOPE No Text CARLYLE – PUBLIC TO PRIVATE OF SYNIVERSE Global private equity firm The Carlyle Group, has agreed to take private mobile communications network provider Syniverse Technologies in a deal valued at $2,600m. Carlyle will acquire all of the outstanding shares of Syniverse for $31 per share, representing a 35% premium over the company’s closing stoc... CARLYLE/VESTAR – IPO OF AZ ELECTRONIC Global private equity firms The Carlyle Group and Vestar Capital Partners, have announced the initial public offering of the chemicals group AZ Electronics on the London Stock Exchange. Of the £383m raised, £250m in new capital will be used to reduce debt and around £132m will go to existing shareholders... JC FLOWERS– ACQUISITION OF SADDLE RIVER VALLEY BANK Private equity firm focused on the financial services sector JC Flowers, has announced the acquisition of a 50.5% stake in US-based Saddle River Valley Bank. The firm will then attempt a buyout of the remaining stock through a tender offer. Saddle River has $82.8m in assets. Further financial details wer... AXA – INVESTMENT IN KOS European private equity firm AXA Private Equity, has announced the acquisition of a 41% stake in KOS, an Italian provider of health services for the elderly, from Morgan Stanley and Wise Equity for €150m. AXA’s stake will rise to 47% over the next three years. CIR Group will remain the majority sharehold... SILVERFLEET – ACQUISITION OF SCHNEIDER GROUP Global private equity firm Silverfleet has announced the acquisition of German mail order company Schneider Vertrand from Barclays Private Equity. Based in Germany, Schneider sells fashion, lifestyle and promotional products via catalogue and on-line. Financial details of the transaction were not disclos... IK – ACQUISITION OF SNACKS INTERNATIONAL Paneuropean private equity firm IK Investment Partners has bought a majority stake in Snacks International, a French maker of white label salted snacks. Snacks International was owned by Jean-Pierre Caillavet, who bought it in 1997 and is chairman of the company. Caillavet retains a stake in the business... ONE EQUITY PARTNERS – ACQUISITION OF NETAS The private equity arm of investment bank JP Morgan, One Equity Partners, has announced the acquisition of Turkish telecommunications equipment provider Netas. The firm has partnered with Rhea Girisim, which is the listed private equity fund of Istanbul-based Rhea Asset Management to acquire a 53.13% of ... LITORINA – CLOSING OF ITS FOURTH FUND ON SEK2.5BN Nordic private equity firm Litorina has announced the closing of its fourth fund on a hard cap of SEK2.5bn (€270m) in a fundraising process of only five months. Litorina’s previous fund closed on SEK1.4bn in 2007 and is currently 75% deployed BLACK CANYON/BRS – SALE OF LOGAN´S ROADHOUSE American private equity firms Black Canyon and Bruckmann, Rosser, Sherill & Company, have exited a joint investment in restaurant chain Logan’s Roadhouse to Kelso & Company, generating roughly a 4.5x multiple and a 50 percent IRR. Financial details have not been disclosed. Logan´s operates more than 200 ... TA ASSOCIATES – SALE OF 2ND STORY SOFTWARE Global private equity firm TA Associates has agreed to sell a controlling stake in digital tax preparation company 2nd Story Software to its competitor H&R Block for $287.5m IK – ACQUISITION OF HANSA Paneuropean private equity firm IK Investment Partners, has agreed the acquisition of bathroom fittings manufacturer Hansa Group from the Göhring and the Reh families for €110m. Hansa produces and sells sanitary fittings for bathrooms and kitchens in Germany, Switzerland and Austria BAIN – PUBLIC TO PRIVATE OF GYMBOREE Global private equity firm Bain Capital, has announced the acquisition of the listed children’s clothing retailer The Gymboree Corporation for $1,800m. The acquisition price is $65.40 a share which represents a premium of 22% over the closing price on October 8th. The Gymboree Corporation, based in San F... VESTAR – ACQUISITION OF HEALTHGRADES Global private equity firm Vestar Capital Partners has announced the acquisition of healthcare ratings organization HealthGrades for approximately $294m. HealthGrades provides ratings, profiles and cost information on US hospitals, physicians, nursing homes and prescription drugs. AXCEL – IPO OF PANDORA Nordic private equity firm Axcel has announced the IPO of its portfolio company Pandora, a Danish jewellery manufacturer, for $1.8bn. Pandora generated approximately $650m in revenue and about $297m EBITDA in 2009 TPG – ACQUISITION OF VARIOUS OIL & GAS ASSETS Global private equity firm TPG has announced it has bought an equity interest in various oil and gas assets for $900m. The assets will be bundled into a new company called Northern Tier Energy which will be jointly owned by TPG and private equity firm ACON Investments FIRST RESERVE – ACQUISITION OF PHOTOVOLTAIC POWER PLANT Global private equity firm First Reserve has acquired a photovoltaic plant in Northern Italy from Banco Santander and SunEdison, a provider of solar-energy services. The deal was valued at €276m and is the first that has been done under a joint venture launched in May whereby First Reserve would invest i... PERMIRA – ACQUISITION OF CREGANNA-TACTX MEDICAL Paneuropean private equity firm Permira has announced the acquisition of Irish medical technology company Creganna-Tactx Medical. Different sources estimate Permira has paid around €220m for a controlling stake in the company LDC – SALE OF OMEGA RED AND CABLE MANAGEMENT GROUP UK focused private equity firm Lloyds Development Capital (LDC) has announced the sale of two of its portfolio companies, Omega Red and Cable Management Group. Electrical equipment company Omega Red was sold to utility services group South Staffordshire. The sale price was not disclosed but different sou... BRYNWOOD PARTNERS – CLOSING OF ITS SIXTH FUND ON $305M North American private equity firm Brynwood Partners has closed its sixth fund on $305m. The firm previous fund was raised in 2005 with total commitments of $250m. Brynwood focuses on control investments in lower mid-market companies HG – SALE OF VISMA Paneuropean private equity firm HgCapital has agreed the sale of Visma to KKR for NOK11,000 (€1,400m). The transaction includes NOK4,500m of debt. HgCapital, which will retain a 17,7% stake in the Nordic accounting and business software company, will obtain an internal rate of return of 37% and a 3.7x r... DOUGHTY HANSON– SALE OF IMPRESS Paneuropean private equity firm Doughty Hanson has announced the sale of the world’s biggest seafood can-maker Impress Coöperatieve to Irish glass manufacturer Ardagh Glass for €1,700m, obtaining a return of 2.6x its original investment. With the sale Doughty Hanson has fully realised its second private ... APAX – SALE OF QUALITEST Global private equity firm Apax Partners will sell Qualitest Pharmaceuticals to the listed specialty healthcare solutions company Endo Pharmaceuticals for approximately $1,200m. Qualitest, a portfolio company of Apax Partners since 2007, is the sixth largest generic pharmaceutical company in the U.S. CARLYLE – ACQUISITION OF B&B HOTEL Global private equity firm The Carlyle Group has agreed the acquisition of French hotel chain B&B Hotel Group from French investment firm Eurazeo for €480m. B&B, which was launched in 1990 to service business and leisure travelers, operates a chain of 223 budget hotels with 16,000 rooms across France, Ge... CRESCENT – SALE OF NHC Australian private equity firm Crescent Capital Partners has announced the sale of Australia’s National Hearing Care (NHC) to Italian hearing aid retailer Amplifon for A$460m (€328m). Crescent Capital, which originally invested in NHC in 2006, has obtained a return of 4,4x its original investment. Establ... CINVEN – ACQUISITION OF SPICE European private equity firm Cinven has agreed the purchase of Spice, a London-listed support services business, for £251m. The price of 70 pence per share represents a premium of 10.7% to Spice’s share price as of September 1. Spice provides support and maintenance services to utility companies. Cinven ... INFLEXION – CLOSE OF FUND IV British private equity firm Inflexion Private Equity has held a first and final close on its fourth buyout fund, raising £375m since it began marketing in June. The majority of existing investors re-upped into the fund. BLACKSTONE – ACQUISITION OF STAKE IN PATRIA Global private equity firm The Blackstone Group has announced the agreement to purchase a 40% stake in Sao Paulo-based Patria Investments, one of Brazil’s largest private equity and asset management firms, for $200m. Blackstone and Patria formed a strategic alliance in 2004 with the objective of developi... HELLMAN & FRIEDMAN – ACQUISITION OF INTERNET BRANDS Global private equity firm Hellman & Friedman has acquired Internet Brands, an online media company, in a public to private transaction. The company owns and operates more than 100 websties. Internet Brands stockholders will receive $13,35 per share which represents a 46% premium of the closing price on ... AXA – SALE OF ELIOKEM Paneuropean private equity firm AXA has announced the sale of French chemicals company Eliokem to Omnova Solutions for €227.5m. The sale will generate an IRR of over 20% and a profit of more than 2x the amount invested KKR – SALE OF MINORITY STAKE IN LEGRAND Global private equity firm KKR and French investment company Wendel have announced they have completed the joint sale of their 9% stake in French electrical company Legrand at a price of €23.95 per share. Wendel sold 5.5% of Legrand’s share capital while KKR disposed of the remaining 3.5%. However, they ... 3i – SALE OF NSL Paneuropean private equity firm 3i has agreed to sell NSL Services Group to AAC Capital in a deal worth £120m. 3i originally invested in NSL as part of the buyout of NCP Group in 2005. In March 2007 NCP was separated into two businesses: NCP Off Street, a traditional car parking business which was sold t... SUN CAPITAL PARTNERS – ACQUISITION OF A DIVISION OF HUHTAMÄKI OYJ Global private equity firm Sun Capital Partners has acquired a majority stake in the plastics division of Finnish packaging manufacturer Huhtamäki Oyj. Financial details were not disclosed. SILVER LAKE SUMERU – INVESTMENT IN LOCAWEB Global technology-focused private equity firm Silver Lake has announced it has acquired a minority stake in Brazilian computing company Locaweb. Financial details of the transaction were not disclosed. Silver Lake will make the investment out of its middle-market fund Silver Lake Sumeru PARTNERS GROUP – FINAL CLOSING OF PARTNERS GROUP DIRECT INVESTMENTS 2009 FUND ON €... Investment firm Partners Group has announced it has raised its largest direct private equity fund to date, closing the 2009 Fund on its €650m hard cap. The fund has already made 19 investments. PERMIRA – ACQUISITION OF ABS Global private equity firm Permira has announced the acquisition of a majority stake in Asian Broadcast Satellite (ABS) from Citi Venture Capital International and ADM Capital, for over $200m. Founded in 2006, ABS supplies bandwidth connectivity to broadcasting and telecom customers in around 30 countrie... MONTAGU – ACQUISITION OF HEG Paneuropean private equity firm Montagu Private Equity, has announced the acquisition Host Europe Group (HEG), web-hosting and domain services provider, from AIM-listed turnaround investor Oakley Capital for £222m (€266 million). Management are reinvesting for an 18% stake in the business. Founded in 199... IK – ACQUISITION OF GHD Paneuropean private equity firm IK Investment Partners has agreed the acquisition of a majority stake in GHD GesundHeits from its founder and CEO Andreas Rudolph and Barclays Private Equity. Financial details have not been disclosed. GHD is the market leader for homecare services in Germany, supplying ho... CVC – ACQUISITION OF SUNRISE Global private equity firm CVC Capital Partners, has agreed the acquisition of Sunrise Communications from private equity-backed Danish telecoms operator TDC for CHF3,300m (€2,500m). TDC is owned by a private equity consortium comprised of Apax Partners, The Blackstone Group, Kohlberg Kravis Roberts, Per... 3i – DEPARTURE OF JONATHAN RUSSELL Global private equity firm 3i, has announced the departure of Jonathan Russell, who has run the firm’s buyout division for more than 10 years, as part of a restructuring process that will merge its buyout and growth capital divisions into one consolidated private equity business line. After the merger, t... HELLMAN & FRIEDMAN – ACQUISITION OF ASSOCIATED MATERIALS Global private equity firm Hellman & Friedman has announced the acquisition of Associated Materials, a manufacturer of exterior residential building products, for $1.3bn. The company is being sold by Investcorp and Harvest Partners CHARTERHOUSE – SALE OF CHAMBERLIN EDMONDS North American private equity firm Charterhouse has announced the sale of healthcare services company Chamberlin Edmonds to Emdeon for $260m. Charterhouse, together with Highlander Parters and MTS Health Investors, acquired the company in 2008. With the sale the firms will generate a 45% IRR on their ori... DOUGHTY HANSON – ACQUISITION OF EQUITY TRUST HOLDING Paneuropean private equity firm Doughty Hanson has paid €350m to purchase Equity Trust Holding, an administration and fiduciary services provider, from Candover Partners. Doughty plans to merge Equity Trust Holding with its portfolio company TMF Group, a management and accounting services provider. Cando... 3i – SALE OF PANREAC Paneuropean private equity firm 3i has sold chemicals company Panreac to Illinois Tool Works (ITW). Financial details were not disclosed, although different sources estimate the deal was worth around €72m. 3i has achieved a return of around 2.5x the cash it invested. Panreac produces a wide variety of ch... AAC – SALE OF U-POL Paneuropean private equity firm AAC has announced the sale of automotive repair company U-POL for £130m to Graphite Capital. AAC will achieve a 3.4x return on its original investment. Graphite Capital is buying back the company after it sold U-POL to AAC in 2006 for £75m RIVERSIDE – ACQUISITION OF CELVITAE Global private equity firm The Riverside Company, has announced the purchase of a majority stake in Madrid-based Celvitae, a private blood bank that preserves umbilical cord blood stem cells to potentially help treat illnesses in future. Celvitae will become part of the Crioestaminal Group, a Portuguese ... PERMIRA – ACQUISITION OF EDREAMS Paneuropean private equity firm Permira, has agreed the acquisition of a 75% stake in the Spanish online travel agency eDreams, from North American TA Associates. The transaction values the company at €300m. eDreams, which reported sales of €650m in 2009, has offices in Spain and Italy and operates loca... GS CAPITAL PARTNERS – ACQUISITION OF HARRINGTON Global private equity firm Goldman Sachs Capital Partners, has announced the acquisition alongside Clayton Dubilier & Rice of North American distributor of medicines and other healthcare products Harrington Holdings, from The Jordan Company for $850m. Jordan acquired the company in 2007 from its founders. HG – ACQUISITION OF TEAMSYSTEMS Paneuropean private equity firm HG Capital, has announced the acquisition of the italian software company TeamSystem from Bain Capital for €365m . TeamSystem was founded in 1979 and provides daily-use business applications to accountants and SMEs in Italy, serving more than 80,000 customers. CVC – ACQUISITION OF AUTOBAR Global private equity firm CVC Capital Partners, has announced the acquisition of a majority stake in vending machine operator Autobar Group, from Charterhouse, in a transaction that values the company at €1,200m. The financing is expected to reach €800m. Autobar which operates in 11 European countrie... ADVENT/BAIN – ACQUISITION OF WORLDPAY Global private equity firms Advent International and Bain Capital, have signed an agreement to acquire RBS WorldPay, the Royal Bank of Scotland’s card payment subsidiary business, for an enterprise value of up to £2,025m. RBS will keep a 20% stake. WorldPay is Europe’s largest payment processor and emplo... TPG, BAIN, GOLDMAN SACHS – SALE OF BURGER KING Global private equity firms TPG Capital, Bain Capital and Goldman Sachs Capital Partners, have announced the sale of their stake in the fast food chain Burger King, to 3G Capital for $24 a share, or $4,000m, including the assumption of debt. The deal values the company at a premium of 46% over its clos... CVC – SALE OF UNIVAR Global private equity firm CVC Capital Partners, has announced the sale of a 42.5% stake in specialty chemical distributor Univar to Clayton, Dubilier & Rice. Financial terms were not disclosed, but the transaction values the company at approximately $4,200m. CVC, whose original investment in Univar was... CASTLE HARLAN – SALIDA DE JUSTIN WENDER Castle Harlan, firma estadounidense de private equity, ha anunciado la dimisión de su presidente Justin Wender. Justin, que no ha desvelado todavía las razones de su partida, era presidente desde 2006 , habiéndose incorporado a la firma en 1993 procedente de Merrill, Lynch. Castle Harlan ha nombrado co-... CARLYLE – DEPARTURE OF DANIEL AKERSON Carlyle has announced the departure of Daniel Akerson, managing director of the firm and head of its global buyout business to join the car maker company General Motors. Daniel Akerson, 61, will succeed Edward Whitacre as chief executive at the beginning of next month. Daniel served on the GM board since... CARLYLE & TPG – ACQUISITION OF HEALTHSCOPE Global private equity firms Carlyle and TPG have announced they will de-list Australian hospital chain Healthscope in a deal valuing the company at about A$2.7bn. The private equity firms will pay A$6.26 per share. The consortium will pay A$1.99bn for Healthscope as well as assume A$700m of debt CARLYLE – ACQUISITION OF QUALICORP Global private equity firm Carlyle has announced the acquisition Brazilian company Qualicorp, a consultant and management firm for private health insurance plans. Financial terms were not disclosed. Carlyle’s equity will come from Carlyle Partners V and Carlyle South America Buyout Fund PERMIRA – ACQUISITION OF FINDUS ITALY Global private equity firm Permira has announced the acquisition of frozen food company Findus Italy from Unilever for €805m. Findus Italy will be added on to Bird Eye Iglo, a frozen food platform Permira purchased from Unilever in 2006 which is a portfolio company of the firm’s third fund. Fund III and ... CASTLE HARLAN – SALE OF AMES TRUE TEMPER Global private equity firm Castle Harlan, has announced it has sold its US-based portfolio company Ames True Temper, a manufacturer and global marketer of lawn and garden tools and accessories, to Griffon Corporation for $542m. Castle bought the company in 2004 for $380m from Wind Point Partners TPG – $300M INVESTMENT IN COPANO ENERGY Global private equity firm TPG has announced it has invested $300m in preferred equity Copano Energy, a US publicly traded natural gas pipeline and processing business. TPG’s preferred shares were priced at $29.05 per share, representing a 10% premium to the 30 day average price of its common shares as o... LDC – ADQUISICIÓN DE EASYNET UK private equity firm LDC has acquired internet networking company Easynet Global Services from BSkyB for £100m. LDC will invest around £68m of equity to acquire the company RIVERSIDE – ACQUISITION OF TROPIKAL Global private equity firm The Riverside Company, has agreed the acquisition of the Turkish pet food company Tropikal, from its founders, who will continue as minority investors in the business. No financial details of the transaction have been disclosed. Tropikal, founded in 1999, is the first domestic ... CANDOVER – SALE OF ONTEX Paneuropean private equity firm Candover Partners, has announced the sale of the Belgian manufacturer of diapers and sanitary products Ontex, to TPG and Goldman Sachs Capital Partners. The deal, which values the company at €1,200m, would allow Candover to recoup 70% of its overall investment in the busi... CARLYLE – PUBLIC-TO-PRIVATE OF NBTY Global private equity firm The Carlyle Group, has agreed the acquisition of the New York Stock Exchange-listed nutritional supplement company NBTY, for $3,800m (11 x EBITDA). Carlyle will acquire all of the outstanding common shares of NBTY for $55.00 per share in cash, representing a premium of approx... SEGULAH – ACQUISITION OF e-TRAVELI Nordic private equity firm Segulah, has announced the acquisition of the Swedish on-line travel agent Etraveli, from the Norwegian based private equity group Norvestor Equity. No financial details of the transaction have been disclosed. eTRAVELI, which offers air tickets, hotel reservations, car rental ... MORGAN STANLEY – RESIGNATION OF STEVE TREVOR Private equity division of the investment bank Morgan Stanley Private Equity, has announced the resignation of its co-head Steve Trevor. Steve, who was recruited from Goldman Sachs in 2007, oversaw a global fund, a series of Asia funds, and a credit fund. There is no replacement for Trevor. The heads of ... BC PARTNERS & SILVERLAKE – ACQUISITION OF MULTIPLAN Private equity firms BC Partners and Silverlake have announced the acquisition of Multiplan, one of the largest US independent preferred provider organizations businesses (PPOs) that put together medical networks for insurers. Carlyle and Welsh, Carson & Stowe are selling the company to the two private e... HELLMAN&FRIEDMAN, TPG & JMI EQUITY – SALE OF INTERGRAPH Private equity firms Hellman&Friedman, TPG and JMI Equity will sell Intergraph, a maker of engineering and geospatial software, for $2.1bn to Swedish technology company Hexagone. The return for the private equity firms is estimated to be around 4x its invested capital AXA – SALE OF TRECOBAT Paneuropean private equity firm AXA has sold its 46.5% stake in French house builder Trecobat Group back to the management team. Financial details were not disclosed although different sources estimate the sale has generated a 3x multiple on AXA’s original investment. AXA bought a 48% stake in the compan... ARGOS SODITIC – ACQUISITION OF TERMOINDUSTRIALE Paneuropean private equity firm Argos Soditic has acquired power plant designer Termoindustriale. It has bought a majority stake from the founding family which retains 30% of the business. No financial details were disclosed STIRLING SQUARE – ACQUISITION OF ENVIRONMENTAL SOLUTIONS Paneuropean private equity firm Stirling Square has acquired Environmental Solutions Europe Holdings (ESEH), a European business dealing in waste-related products and services. In 2009 ESEH generated sales of €230m RIVERSIDE – SALE OF VERITEXT Global private equiy firm The Riverside Company, has sold court reporting company Veritext to Investcorp. Financial details were not disclosed, though Riverside said in a statement the deal represented a 5.1x cash-on-cash return and a 38% IRR. Riverside acquired the company in 2005 BLACKSTONE – INVESTMENT IN EMOBILE Global private equiy firm The Blackstone Group together with Goldman Sachs and Japanese internet service provider eAccess invested a total of YEN45bn (€411m) in Japanese mobile data and voice service provider Emobile ahead of a merger between Emobile and eAccess. Blackstone invested YEN16bn in the deal, ... NORDIC CAPITAL – ACQUISITION OF SiC PROCESSING Nordic Private Equity firm Nordic Capital, has announced the acquisition of cleantech company SiC Processing, which produces materials for the photovoltaic and semiconductor industries. Nordic has purchased it from a group of investors including Merrill Lynch CPI, Zouk Ventures, CC Private Equity Partner... EQT – SALE OF ALERIS Nordic Private Equity firm EQT, has announced the sale of Aleris, a pan-Scandinavian healthcare service operator for approximately SEK4.4bn (€458m) plus up to a maximum of SEK100m (€10m) in a deferred earn-out payment. Aleris was sold through an auction process to one of EQT’s investors, Investor AB. The... PROVIDENCE – ACQUISITION OF STUDY GROUP Global Private Equity firm Providence has announced the acquisition of Australia’s Study Group from CHAMP Private Equity and Petersen Investments for A$660m. CHAMP bought the company in 2006 for A$176m. Study Group provides higher education, language and career education in the US, UK, Australia and New ... FORTRESS – ACQUISITION OF CW FINANCIAL SERVICES North American Private Equity firm Fortress Investment Corporation has expanded its reach into the loan servicing sector with the acquisition of CW Financial Services. Fortress bought the company from Caisse de Dépôt et Placement de Québec. No financial details were disclosed CAPMAN – FINAL CLOSING OF FUND IX RAISING €295M Nordic Private Equity firm CapMan has announced it has closed its ninth buyout fund raising €295m. The fund has more than 20 limited partners and several of them are new investors according to the firm. Fund IX has already made three investments LINDEN – CLOSING OF ITS SECOND FUND ON $375M North American healthcare-focused Private Equity firm Linden has closed its second fund on $375m, above its target of $300m. Linden closed its first healthcare fund in 2006 with aggregate commitments of $200m HG CAPITAL – ACQUISITION OF TEUFEL SPEAKERS Paneuropean Private Equity firm HG Capital has announced the acquisition of Teufel Speakers, a provider of audio systems based in Germany, from US private equity firm Riverside Company. HG will invest around £56m of equity in the deal. The total price, including debt, was not disclosed PERMIRA & GOLDMAN SACHS CAPITAL – SALE OF COGNIS Private Equity firms Permira and GS Capital have announced the sale of chemical group Cognis to trade buyer BASF for €3.1bn. Different sources estimate Permira and GS will net 3x their invested capital with the sale. Both firms acquired the company in 2001 for €2.6bn in a carve-out from German chemical g... 3i – PARTIAL EXIT OF THE INSPICIO GROUP Paneuropean Private Equity firm 3i has agreed a £450m partial exit of the Inspicio Group, a business it acquired in a 2008 take-private for £345m. Inspicio’s commodity testing and inspection subsidiary, Inspectorade, which accounts for 70% of the group’s turnover, will be sold to trade buyer Bureau Verit... CHANGE CAPITAL – SALE OF REPUBLIC Paneuropean retail-focused Private Equity firm Change Capital has agreed to sale UK fashion retailer Republic to TPG for £300m. No financial details were disclosed, but a source close to the deal said the return for Change Capital was around 4.7x its invested capital. Change Capital acquired the company ... DUNEDIN – ACQUISITION OF WELDEX UK Private Equity Firm Dunedin has acquired UK crane company Weldex from NVM Private Equity and its founder in a deal valuing the company at more than £100m. Weldex is the UK’s largest crane hire company CR&R – HIRING OF VINDI BANGA Global Private Equity firm Clayton, Dubilier & Rice has announced it has hired Vindi Banga, the former top executive of consumer-goods giant Unilever, as an operating partner. Banga will chair one o more of the firm’s portfolio companies and focus on operational performance. He will also help screen pote... PROVIDENCE – SALE OF BRESNAN COMMUNICATIONS Global private equity firm Providence, which is focused into the communications industry, has announced it has sold telecom operator Bresnan Communications to Cablevision for a total value of $1.4bn. Providence will make 2.5x its invested capital on the sale of the company. The firm led an investor group... LINDSAY GOLDBERG – SALE OF KEYSTONE FOODS US Private Equity firm Lindsay Goldberg has announced the sale of meats product supplier Keystone Foods to Brazilian trade buyer Marfrig Alimentos for $1.26bn. Lindsay Goldberg originally bought a majority stake in the company in 2004 and has since then made 7 follow-on investments TA ASSOCIATES – IPO OF JUPITER FUND MANAGEMENT Global Private Equity firm TA Associates has announced the IPO of asset manager Jupiter Fund Management. Priced at £1.65, at the low end of the range set two weeks ago, the IPO values the company at £755m, a bit more than the £740m its managers and TA Associates paid in 2007 to buy it. Most of the shares... IK INVESTMENT PARTNERS – ACQUISITION OF COLOSSEUM DENTAL AND AGROS NOVA Paneuropean Private Equity firm IK Investment Partners has announced the acquisition of two companies: Colosseum Dental and Agros Nova. Colosseum Dental is the leading provider of dental care in Scandinavia. Based in Oslo, the company employs approximately 350 professionals and operates 10 clinics in Nor... RIVERSIDE EUROPE – RAISES €415M FOR ITS FOURTH FUND Paneuropean firm Riverside Europe has announced it has raised approximately €415m so far for its fourth European fund and could hold a final close by the end of July. Riverside Europe Fund IV has a target of €550m. Its previous fund closed with €320m in 2007 3i – DEPARTURE OF DAVID OSBORNE Private Equity firm 3i has announced the departure of David Osborne, who will be joining in July the Asian infrastructure investment firm CapAsia. Osborne was until now a partner at 3i, where headed the firm’ Asian buyout team from Singapore. Before moving to Singapore, Osborne was based in London where ... MONTAGU – ACQUISITION OF GREENSTAR Paneuropean private equity firm Montagu, and global infrastructure fund GIP, have agreed to acquire the UK waste management business Greenstar from the Irish renewable energy group NTR for £135m. Montagu and GIP acquired the firm with a view to integrating it with their portfolio company Biffa, which als... PROVIDENCE – ACQUISITION OF KROLL Global Private Equity firm focused on communications sector, Providence Equity Partners, has announced the acquisition of corporate investigation powerhouse Kroll for $1.130m in an all-cash transaction from Marsh & McLennan Companies. RIVERSIDE – ACQUISITION OF MLCOA Global private equity firm The Riverside Company, has announced a second investment in Australia through the acquisition of Australian Medico Legal Services (MLCOA). Melbourne-based MLCOA provides independent medical assessments and advisory services which are used by insurance organisations, corporation... CARLYLE – ACQUISITION OF GIANNONI Global private equity firm, Carlyle Group, has announced the acquisition of a 65% stake in French heating company Giannoni France, from its founders in a deal that values the firm at €490m. Joseph Le Mer, will retain a 35% stake in the group and remain as CEO. Giannoni France produces innovative heat exc... TPG – ACQUISITION OF VERTAFORE Global private equity firm TPG, has agreed the acquisition of software provider Vertafore for $1,400m from Hellman & Friedman and JMI Equity, which have owned the company from 2004. Vertafore, based in Washington, provides software and information services to insurance businesses. RIVERSIDE – ACQUISITION OF NAKA Global private equity firm The Riverside Company, has announced the acquisition of the Japanese electronic components manufacturer, NAKA. Financial details of the transaction have not been disclosed. NAKA produces crystal oscillators that are used in almost all electronic devices that require stable freq... PAI – IPO OF CHR. HANSEN Paneuropean private equity firm PAI Partners, has completed the flotation of the Danish food ingredients company, Chr. Hansen. The price was DKK90 ($14), low end of its expected range of DKK87-DKK177 ($14-$19), which equals a market capitalization of DKK 12,423m ($2,050m). Funds will be used to pay down... EQT – ACQUISITION OF ACADEMEDIA Nordic private equity firm EQT, has announced the acquisition of 72.4% of Academedia shares, beating Providence Equity Partners in the bidding process. Price offer was Skr 205 ($26) per share, valuing the company at Skr 2,500m ($320m). Listed on the Stockholm Stock Exchange, Academedia operates 150 schoo... HG – ACQUISITION OF MANX TELECOM Paneuropean private equity firm, HG Capital and telecoms firm CPS Partners have agreed the acquisition of Manx Telecom from Telefónica for €192m. Manx Telecom is the Isle of Man's largest telecommunications and internet provider, offering the full range of fixed line, mobile and data services to consume... POLARIS – CLOSE OF FUND III Danish private equity firm Polaris Private Equity has raised €365m for its third fund. The firm, in fundraising mode since the third quarter of 2008, has beaten its target of €350m. For the first time Polaris attracted capital from outside Denmark, garnering commitments from a number of European institut... TPG – DEPARTURE OF WEIJIAN SHAN Global private equity firm TPG Capital, has announced the departure of one of its partners in the Asian division, Weijian Shan, to set up his own Asia-focused firm. Shan is leaving TPG after 11 years, but will continue as a senior advisor to the firm and will remain on the boards of a few of its portfoli... CARLYLE – INVESTMENT IN HAMPTON ROADS BANKSHARES Global Private Equity firm Carlyle has announced it will purchase at least $73m in common stock from US Virginia-based bank Hampton Roads Bankshare, as part of an expected $255m capital raise. Private investment firm Anchorage Advisors will also invest roughly $73m with the remaining capital coming from ... HUTTON COLLINS – INVESTMENT IN VIZADA Paneuropean Private Equity firm Hutton Collins, has announced it has invested in Vizada, a satellite company owned by Apax Partners France. The deal, in which Apax will remain the majority shareholder, is valued at €116m GILDE – REACHES €800M HARD CAP FOR ITS FOURTH FUND Paneuropean Private Equity firm Gilde has announced it has reached the €800m hard cap for its fourth fund and plans to hold a final close by the third week of June. The fund had a €600m target, same size as the firm’s third buyout fund which is 80% invested GORES GROUP – ANNOUNCEMENT IT HAS COLLECTED $1.04BN FOR ITS THIRD FUND Global Private Equity firm Gores Group has announced it has collected $1.04bn out of its $1.5bn target for its third fund. The firm is expected to hold a final close before August 2010. Gores invests in Europe and North America and looks to make control investments in mid-market turnarounds, restructurin... RIVERSIDE – HIRING OF VINCENT DAELEMANS Global private Equity firm The Riverside Company, has announced it has hired Vincent Daelemans as part of its team for the Benelux region and France. Daelemans will focus finding and evaluating new investments in these markets. He joins Riverside from UK-based supermarket chain Tesco, where he served as ... ELECTRA PRIVATE EQUITY – RETIREMENT OF BRIAN WILLIAMSON The buyout company Electra Private Equity has announced Brian Williamson, its chairman for 10 years, is retiring. Williamson will be succeeded by Colette Bowe, who joined the board three years ago. Bowe is currently chairman of Ofcom, the UK communications regulator and on the board of several financial ... VSS – RETIREMENT OF JOHN VERONIS Veronis Suhler Stevenson, a global Private Equity firm focused on investments in media, communications and education, has announced John Veronis, co-CEO of the firm, is retiring at the age of 82. The retirement is part of a transition plan that has been in the works for several months. Veronis co-founded... TH LEE – SALE OF MICHAEL FOODS North American Private Equity firm TH Lee, has announced the sale of most of its stake in food distributor Michael Foods to GS Capital Partners. The deal is valued at $1.7bn. TH Lee acquired Michael Foods in 2003 from company management and Vestar Capital Partners for $1bn SUMMIT PARTNERS – ACQUISITION OF OGONE Global Private Equity firm Summit Partners has acquired a majority stake in Belgian online payment processor Ogone. Financial details of the transaction were not disclosed. Ogone has a network of about 150 bank connections and provides online payment services to 20,000 merchants across Europe PALAMON CAPITAL – SALE OF MOVIE PARK GERMANY Paneuropean Private Equity firm Palamon Capital, has announced the sale of theme park Movie Park Germany to Parques Reunidos, a park operator owned by Private Equity firm Candover. The value of the deal was not disclosed although different sources estimate a transaction value of around €50m. Palamon boug... ISIS EQUITY PARTNERS – SALE OF TRAVELJIGSAW British Private Equity firm ISIS Equity Partners has sold its portfolio company TravelJigsaw to US online travel company Priceline.com. The terms of the deal were not disclosed. TravelJigsaw is a British online travel company focused on car rentals. ISIS invested £12.9m for a 40% stake in the company in ... PINE BROOK ROAD PARTNERS – SALE OF COMMON RESOURCES North American Private Equity firm Pine Brook Road Partners has sold oil and gas exploration company Common Resources for $805m, netting a return multiple of 3x invested capital. The firm created Common Resources in 2007. The company is being sold in two pieces: EXCO Resources and BG Group are buying a p... ACCENT EQUITY PARTNERS – PROMOTION OF NIKLAS SLOUTSKI TO CEO Nordic Private Equity firm Accent Equity Partners has promoted Niklas Sloutski, who was until now the deputy chief executive of the firm, to CEO. Sloutski will take over responsibilities from the firm’s founder Jan Ohlsson, who has become executive chairman after 20 consecutive years as the firm’s head KKR – ACQUISITION OF AVNIJA Global private equity firm, KKR, has announced the investment of up to INR7.5 billion (€128.5 million) in the wholly-owned cement-focused subsidiary of Dalmia Cement, Avnija, for a 15% - 20% stake. Avnija own 9 million tons per annum cement manufacturing capacity and its stake in OCL India (5.3 million ... APAX – ACQUISITION OF TIVIT Global private equity firm, Apax Partners, has agreed to acquire a 54% stake in an integrated IT and BPO services company, Tivit, for BRL874m ($492m) marking its first deal in Brazil. The purchase price of BRL18.10 per share represents a premium of 9.7% over the closing price of the previous day on the S... SUN CAPITAL – ACQUISITION FAMOSA The global private equity firm, Sun Capital, has agreed the acquisition of the Spanish largest toy manufacturer, Famosa, from Vista Capital. The transaction is subject to necessary regulatory approvals. 3i – NEW CHAIRMAN Global private equity firm, 3i, has announced Sir Adrian Montague would become its new chairman at the conclusion of the firm’s annual general meeting in July. Montague replaces Baroness Hogg, who took up her new role as chairman of the UK’s Financial Reporting Council. Montague is currently non-executiv... WARBURG PINCUS – ACQUISITION OF POUNDLAND Global Private Equity firm Warburg Pincus has agreed to acquire discount retail chain Poundland from Advent International. Sources close to the situation estimate it was a £200m all-equity deal. Advent bought Poundland in 2002 for £50m. The retailer now has a network of more than 260 stores and plans to ... VISTA EQUITY PARTNERS – SALE OF VENTYX North American Private Equity firm Vista Equity Partners has agreed to sale software maker Ventyx to ABB for more than $1bn in cash. Ventyx provides software solutions to energy firms and had sales of about $250m in 2009. It will be integrated within ABB’s power systems division APAX – ACQUISITION OF SOPHOS Global Private Equity firm Apax has agreed to buy a majority stake in Sophos, an information technology security and data protection provider. Sophos provides anti-malware to protect against computer viruses and spyware. Apax will acquire its stake from the company’s founder and TA Associates. TA investe... OAK HILL – ACQUISITION OF DAVE & BUSTER’S North American Private Equity firm Oak Hill has agreed to acquire restaurant chain Dave & Buster’s from Wellspring Capital Management for $570m. Oak Hill will invest alongside the company’s management. The capital structure of the deal was not disclosed, although different sources estimate the equity por... SUN EUROPEAN PARTNERS – ACQUISITION OF HEWDEN STUART Sun Capital Partners European affiliate, Sun European Partners, has agreed to acquire Hewden Stuart from Canadian construction group Finning International. Hewden Stuart is a UK construction equipment rental business. The deal is worth £110m MADISON DEARBORN – FINAL CLOSE OF ITS SIXTH FUND ON $4.1BN North American Private Equity firm Madison Dearborn has closed its sixth fund, Madison Dearborn Capital partners VI, on $4.1bn. The firm’s fifth fund closed on $6.5bn in 2006 APOLLO – DEPARTURE OF ERIC ZITERHOFER North American Private Equity firm Apollo has announced the departure of Eric Zinterhofer, who is leaving Apollo to start its own private equity firm. Zinterhofer joined Apollo in 1998 and was co-head of media and telecom investing CINVEN – DEPARTURE OF STEFAN FRANSSEN Paneuropean Private Equity firm Cinven has announced the departure of Stefan Franssen. Franssen was a principal at the firm, which he joined 8 years ago. He was based in Frankfurt and worked within the technology, media and telecommunications team. He leaves the firm to join specialist Private Equity fir... KKR – ACQUISITION OF INAER North American private equity firm, KKR, has announced the acquisition of a minority stake of 49.9% in Spanish helicopter fleet business, Grupo Inaer, from Investindustrial for €350m. Investindustrial and management will keep the remaining 50.1%. Inaer is Europe’s largest provider of onshore helicopter s... BC PARTNERS/CINVEN – IPO OF AMADEUS Paneuropean private equity firms, BC Partners and Cinven, have completed the flotation of the technology provider for the travel industry, Amadeus. The company set the final price for its initial public offering at €11 a share, high end of its expected range, which equals a total of €4,930m. The company ... CARLYLE – INVESTMENT IN AERONAUTIC SECTOR North American private equity firm, The Carlyle Group, and RPK Capital Management have formed a new company that will purchase assets in the commercial aviation sector. BRIDGEPOINT – ACQUISITION OF HOBBYCRAFT Paneuropean private equity firm, Bridgepoint, has announced the acquisition of the UK's leading out-of-town art and craft retailer, Hobbycraft, for £100m. The company has 47 out of town stores throughout the UK. CVC/CINVEN/OAK HILL – ACQUISITION OF AVOLON AEROSPACE The consortium formed by the Global and Paneuropean private equity firms, CVC Capital Partners and Cinven Group, and the North American private equity firm, Oak Hill Capital, has announced the acquisition of the Irish aircraft leasing company, Avolon Aerospace. Each firm has committed $250m. CVC – hire of senior managing director IN asia Global private equity firm, CVC, has hired Allen Han as a senior managing director on its operations team in Asia. In his new role, Han will focus on working with portfolio companies. He will also be involved in evaluating potential investment opportunities. Han joins CVC from Honeywell, where worked as ... TPG – ACQUISITION OF AMERICAN TIRE DISTRIBUTORS Global Private Equity firm TPG has announced the acquisition of American Tire Distributors from Investcorp, Berkshire Partners and Greenbriar Equity Group for $1.3bn. The company is the largest independent tyre distributor in the US. Investcorp acquired it for $700m from Charlesbank Capital in 2005, whil... ADVENT – ACQUISITION OF DFS Global Private Equity firm Advent has agreed to acquire UK furniture retailer DFS from store founder. The business currently operates from 74 sofa stores across the UK and employs more than 2,600 people. The transaction value was undisclosed, but different sources estimate it was in the region of £500m OMERS – ACQUISITION OF UNITED STATES INFRASTRUCTURE CORPORATION OMERS Private Equity, the Private Equity arm of the Ontario Municipal Employees Retirement System, has agreed to acquire United Infrastructure Corporation, a utility contracting company, from Kohlberg & Co. Terms of the transaction were not disclosed. Kohlberg & Co. created the company in 2008 with the m... TPG – HIRE OF SIMON HENDERSON AND PROMOTION OF KARL PETERSON Global Private Equity firm TPG has announced it has hired Simon Henderson who will join as a London-based partner. Henderson was formerly the head of UK buyouts at European Capital. On the other hand, TPG has also announced the promotion of Karl Peterson to co-head the firm’s activities in Europe. Until ... Golden Gate - sale of TERIDIAN North American private equity firm, Golden Gate Capital, has entered into a definitive agreement to sell its stake in the semiconductors producer, Teridian Semiconductor Corporation, to a high-frequency digital circuits manufacturer, Maxim Integrated Products , for $315m. sun capital - sale of elan nutrition Global private equity firm, Sun Capital Partners, has announced the sale of Elan Nutrition, manufacturer of nutrition food bars, to the US listed food company, ConAgra Foods. CVC - ACQUISITION of R Global private equity firm, CVC Capital Partners, has acquired a 35% stake in Spanish regional fibre optic telecommunications operator R, from several investors (Banco Pastor, El Ayuntamiento de A Coruña, El Faro de Vigo, Caixanova… ) for €236m. Caixanova remains in control with a 65% stake of the compan... ADVENT INTERNATIONAL – CLOSE OF FIFHT LATAM FUND Global private equity firm, Advent International, has closed its fifth Latin America-focused fund with $1.65b in commitments. CARLYLE – CLOSE OF THIRD ASIAN FUND North American private equity firm, The Carlyle Group, has raised $2.55bn for its third buyout fund focused on Asia. Carlyle, that began fundraising in the first half of 2008, attracted commitments from institutional investors globally including the US, Europe, the Middle East and Asia. ANCHORAGE – CLOSE OF DEBUT FUND Australian turnaround specialist private equity firm, Anchorage Capital Partners, has raised AUD200m for the final close of its maiden fund. The fund received commitments from global institutional investors, asset managers, public pension plans and funds of funds in Australia and the US. DUKE STREET – ACQUISITION OF MARLIN Paneuropean Private Equity firm Duke Street has announced the acquisition of Marlin, a consumer debt recovery company. The firm will invest around £50m and will approximately hold a 58% stake in the company CARLYLE - $1.1BN RAISED FOR ITS FIRST FINANCIAL SERVICES FUND Global Private Equity firm Carlyle has raised $1.1bn for its first fund targeting investments in the financial services sector. The team has already made three investments from this fund CARLYLE – APPOINTMENT OF ERIC KUMP AS MANAGING DIRECTOR Global Private Equity firm Carlyle has announced the appointment of Eric Kump as a Managing Director for its European buyout team. Until now, Mr Kump was responsible for the European buyout team of the sovereign wealth fund Dubai International Capital 3i – APPOINTMENT OF JAMES RITHERFURD Paneuropean Private Equity firm 3i, has announced the appointment of James Rutherfurd, who will become the firm’s first investor relations executive in the US. Mr. Rutherfurd joined 3i as a partner this week from US media-focused Private Equity firm VSS SOUTH KOREAN SOVEREIGN WEALTH FUND - INCREASED ALLOCATION TO ALTERNATIVE INVESTMENTS Korea Investment Corporation, the South Korean sovereign wealth fund, is looking to increase significantly the amount of money allocated to alternative investments in the next few years. KIC started alternative investments last year, when they accounted for 1.7% of its total assets. They are planning to ... ERNST & YOUNG – GLOBAL PRIVATE EQUITY REPORT Ernst & Young has recently published its first global private equity report. According to this report, private equity is emerging from the financial crisis in much better shape than many people thought. A surge in IPOs is helping private equity to exit companies, repay debt and return capital to investor... APAX – SALE OF TOMMY HILFIGER Global Private Equity firm Apax Partners is selling the clothing retailer Tommy Hilfiger to Philips-Van Heusen for €2.2bn. Philips-Van Heusen, another clothing retailer quoted in the NYSE, is paying €1.9bn in cash in the deal and Apax will get €276m worth of common stock in the company. PVH will also ass... MONTAGU – SALE OF SEBIA TO CINVEN Paneuropean Private Equity firm Montagu, has sold medical technology business Sebia to Cinven in a deal worth approximately €800m. Montagu led the buyout of Sebia in September 2006, alongside Astorg Partners and mezzanine fund ICG, previous owners of the company which re-invested in the transaction for a... BLACKSTONE – ACQUISITION OF A 30% STAKE IN DILI Global Private Equity firm Blackstone, together with Capital International, has led a consortium of investors that will invest $600m in Chinese agricultural company Dili, ahead of its listing in the Hong Kong stock exchange. The consortium will acquire a stake of about 30% in the company. Dili Group prov... STERLING GROUP – FINAL CLOSE OF ITS THIRD FUND ON $820M US focused Private Equity firm Sterling Group, has raised $820m for its third fund, exceeding its initial target of $600m and hitting its hard cap. Sterling raised its second fund in 2005 with $470m in commitments. The firm’s investor base includes public and private pensions, fund of funds, financial in... BAIN CAPITAL- IPO OF SENSATA TECHNOLOGIES Bain Capital, a global private equity firm, has completed the flotation of Sensata Technologies, world´s leading producer of sensors. ADVENT –DEPART OF HEAD DE INVESTOR RELATIONS Bain Capital, a global private equity firm, has completed the flotation of Sensata Technologies, world´s leading producer of sensors. THE PENSION PROTECTION FUND – INVESTMENT IN ALTERNATIVE ASSETS The UK’s Pension Protection Fund (PPF), set up by the UK government in 2004 to act as a safety net for the pension scheme members of companies that go out of business, has ring-fenced 20 percent of its £3.9 billion (€4.3 billion; $5.8 billion) in assets under management for alternative asset s. CARLYLE – ACQUISITION OF BUTTERFIELD & SON BANK A consortium led by global private equity firm Carlyle Group and formed by Canadian bank CIBC and Wellcome Trust, has agreed to invest $550m into Bermuda-based Butterfield & Son bank for a 82,5% ownership. The deal, which results from losses in the bank stemming from mortgage-backed securities write-down... BAIN – ACQUISITION OF STYRON PLASTICS Global private equity firm Bain Capital has agreed the acquisition of Styron, the plastics division of Dow Chemical for $1,630m (EV). Styron has revenues of $3,500m and has more than 40 manufacturing plants that make products for the automotive, electronics and optical sectors ABRY PARTNERS – ACQUISITION OF RCN US private equity firm Abry Partners, specialized in the TMT sector, has agreed to acquire US broadband cable provider RCN for $1,200m (EV) in a public to private transaction that values the company at a 22% premium over the company’s latest closing price of $15 CHARTERHOUSE – ACQUISITION OF DEB GROUP Pan-European private equity firm Charterhouse has agreed to acquire soap and cleaning agent producer Deb Group for £325m (EV) from Barclays Private Equity, who bought the company in 2004 CCMP – ACQUISITION OF FRANCESCA’S COLLECTIONS Global private equity firm CCMP has announced the acquisition of US women’s fashion retailer Francesca’s Collections for an undisclosed amount from its founders. The retailer operates in 33 states through more than 160 boutiques and sells an assortment of apparel, handbags, jewelry and other accessories WARBURG PINCUS – DEPARTURE OF HEAD OF INDIA Global private equity firm Warburg Pincus has announced the departure of the current head of the firm’s private equity investments in India, Rajesh Khanna, who worked in the firm since 1995. According to the press, Rajesh Khanna would be leaving to form a local investment firm, and his role will be taken... ADVENT – OFFICE IN NEW YORK Global de private equity firm Advent International, has opened its first office in New York City, the buyout firm’s second office in the US after Boston’s, and will be headed by Tim Franks 3i – SALE OF AMBEA TO TRITON Pan European firm 3i will sell Nordic healthcare platform Ambea to private equity firm Triton for about €850m, which will reap the firm a 3.5x return. 3i created Ambea initially by buying Sweden-based Carema in 2005 for an undisclosed amount. The firm then acquired more than two dozen add-ons to the plat... LION CAPITAL – SALE OF KETTLE FOODS Pan European firm Lion Capital is selling Kettle Foods for $615m in cash to fellow snack food maker Diamond Foods. The consumer sector-focused private equity firm purchased Kettle Foods in September 2006 in a transaction that valued the business at approximately $300m. During Lion Capital ownership, Kett... THL – ACQUISITION OF CKE RESTAURANTS US private equity firm Thomas H Lee Partners (THL) announces the $928m take-private of fast food chain CKE Restaurants, which controls more than 3,000 Carl's Jr. and Hardee's restaurant locations in 42 states and 14 countries. The transaction price includes the assumption of $309m in net debt. THL will p... AXA – SALE OF SPOTLESS GROUP TO BC PARTNERS Paneuropean Private Equity firm AXA has sold its 65.6% stake in Spotless Group, a European household and laundry product company, to BC Partners for €600m. AXA made its first investment in Spotless Group in 2004, when it acquired French laundry and home care products company Eau Ecarlate. Following a buy... OAK HILL – SALE OF DUANE READE North American Private Equity firm Oak Hill has announced the sale of the drugstore chain Duane Reade to Walgreens for a total enterprise value of $1.1bn. Oak Hill acquired Duane Reade in 2004 for $750m and invested an additional $125m last year to help it repurchase part of its debt PHOENIX – SALE OF NATIONWIDE UK mid-market Private Equity firm Phoenix has announced the sale of Nationwide Autocenters to Halfords Group for £73m. Nationwide is the leading independent provider of automotive mechanical repair, servicing and MOT tests across UK. Phoenix acquired the company in 2006 and has grown revenues by c.30% an... PHOENIX – INTERIM CLOSE ON ITS 2009 FUND UK Private Equity firm Phoenix Equity Partners has closed £215m on its 2009 fund. The fund has a target of £375m, the same amount which was collected for its 2006 fund. The fund is expected to reach a final close in 2010 CHINESE SOVEREIGN WEALTH FUND – INVESTMENT OF $1.5BN IN THE SECONDARY MARKET The Chinese sovereign wealth fund (CIC) has agreed to invest $1,500m in the secondary market. It will invest $500m each with three secondary specialized firms via special accounts ADVENT, BAIN & BERKSHIRE – ACQUISITION OF SKILLSOFT Advent along with Bain Capital and Berkshire has agreed to acquire SkillSoft, an oline service provider for global enterprises headquartered in Dublin. They have agreed to pay $10.80 per share and the fully diluted equity value of the transaction is approximately of $1.1 billion. 3i – SALE OF ITS REMAINING 16.5% STAKE IN TELECITY Paneuropean Private Equity firm 3i has sold its remaining stake of 16.5% in Telecity, a data centre company with headquarters in the United Kingdom. 3i has placed the shares in the Stock Exchange where it has been in public listing since 2007. The sale netted £111m bringing 3i’s total proceeds to £153m s... BC PARTNERS – PUBLIC OFFERING OF MEDICA FRANCE Paneuropean Private Equity firm BC Partners has raised €275m through its initial public offering of Medica France, a French nursing home operator. The shares were priced at €13, which represents a market capitalization of approximately €625m. BRIDGEPOINT – ACQUISITION OF LGC GROUP Paneuropean Private Equity firm Bridgepoint has acquired LGC Group, provider of chemical and biological testing business headquartered in West London, from British Private Equity firm LGV. LGV originally acquired LGC Group in 2004. The transaction value accounted for approximately £257m. ALCHEMY - SELL OF ADVANCED COMPUTER SOFTWARE Alchemy, British Private Equity firm, has sold Redac Holdings, provider of software and IT services, to Advanced Computer Software for £100m. PENTA – ACQUISTION OF ESURE Scottish Private Equity firm Penta, has acquired insurance provider Esure from Lloyds Banking Group for approximately £185m. CARLYLE – BETTER CAPITAL ACQUIRES GARDNER GROUP Global Private Equity firm Carlyle, has sold Gardner Group, British supplier of components to the European aerospace industry, to Better Capital, a London Private Equity firm founded by Jon Moulton for a total amount of £20m ($31m). Gardner was acquired by Carlyle Europe Technology Partners II from Duned... BLACKSTONE – NEW HEAD FOR THE GERMAN REGION global Private Equity firm Blackstone has hired Axel Herberg, current chief executive of Gerresheimer, a glass and plastic manufacturer catering to the pharmaceutical industry. Herberg will be leading its private equity activities in Germany, Switzerland and Austria. He will be joining Blackstone in the... GRESHAM – SALE OF MINIVATOR UK mid-market private equity firm Gresham has agreed to sell Minivator Group, a UK company that builds and sells chairlifts for the elderly, to competitor Handicare Group, owned by Norwegian private equity firm Herkules Capital. According to the press the sale represents a return of capital of 3,4x ADVENT – WSiP’s ACQUISITION COMPLETE Global private equity firm Advent International has completed the recently announced tender offer for WSiP out of its Central European fund, after having obtained the approval of 75% of the shareholders. WSiP is the major educational book publisher in Poland and the deal values the company at €95m (EV) QUADRANGLE – INVESTMENT IN TELECOM TOWERS IN INDIA North American Private Equity firm Quadrangle has committed a $300m investment in Indian telecom tower management company Tower Vision India, which provides infrastructure to the wireless telecommunications industry and is India’s second largest independent tower management company with more than 5,000 sites ARKANSAS TEACHERS RETIREMENT SYSTEM – INCREASED ALLOCATION TO PE US pension fund Arkansas Teachers Retirement System, which manages $11,000m in assets, has increased its target allocation to private equity from 6,8% to 10% PHOENIX – SALE OF ACORN CARE AND EDUCATION UK Private Equity firm Phoenix has announced the sale of its portfolio company Acorn Care and Education to Ontario Teachers’ Pension Plan. Acorn provides care and educations to children with emotional and behavioural disorders. Phoenix bought the company in 2005 and agreed 13 subsequent bolt-on acquisiti... CASTLE HARLAN – ACQUISITION OF PRETIUM PACKAGING North American Private Equity firm Castle Harlan has announced the acquisition of Pretium Packaging, which manufactures specialty plastic containers for the food, pharma, personal care and household markets. Pretium is being sold by its founder, who will retain a minority stake. As part of the deal, Pret... PLATINUM EQUITY – ACQUISITION OF OAO TECHNOLOGY SOLUTIONS North American Private Equity firm Platinum Equity has agreed to acquire OAO Technology Solutions from J.F. Lehman & Co (a North American Private Equity firm which focuses in companies in the defense, aerospace and maritime industries and the technologies that originate from them). OAO is a provider of m... CHARTERHOUSE GROUP – SALE OF AMERIFIT BRANDS North American Private Equity firm Charterhouse Group (which has no relationship with Charterhouse Capital Partners, the paneuropean firm in which ABE is an investor) has agreed to sell consumer health company Amerifit Brands to Market Bioscience in a transaction valued at $200m. The firm invested in Ame... CLOSE BROTHERS PRIVATE EQUITY – FINAL CLOSE OF FUND VIII ON £405M UK Private Equity firm Close Brothers Private Equity has closed its eighth fund with £405m in commitments. The fund is the firm’s first since spinning out from UK investment bank Close Brothers and has commitments from 30 investors. Close Brothers’ prior fund, CBPE VII, closed on £360m in 2004 and was fu... PERMIRA – SALE OF THE REMAINING 10% STAKE IN FREENET UK-buyout firm Permira has sold its remaining 10.1 percent stake in freenet, a Germany-based telecommunications provider, for around €115 million. The transaction sees Permira completely exit its German telecom investments that started in 2004 with the acquisition of Debitel. The entire investment has ma... DUKE STREET – SALE OF THE 50% STAKE IN GROUPE PROCLIF Duke Street, a UK-based private equity firm, has agreed to sell its 50.1% stake in Groupe Proclif SAS, a France-based operator of hospitals, to Ramsay Health Care Limited, an Australia-based hospital group. Duke Street holds a 50.1% stake in Proclif, while Prevoyance Dialogue Du Credit Agricole (Predica)... LDC – ACQUISITION OF A MAJORITY STAKE IN JHP LDC, the in-house buyout arm of Lloyds Banking Group, has acquired UK education company JHP. LDC has paid £30m, excluding £26m of senior debt provided by Yorkshire bank GRESHAM – MARK BLOWER JOINS AS HEAD OF MANCHESTER OFFICE UK mid-market firm Gresham Private Equity has hired Mark Blower, former head of NM Rothschild’s Leeds team, as an investment partner. He will work as deal origination and investment in Yorkshire and the North East from Gresham’s Manchester office. Blower was most recently head of the Northwest region for... ELEVATION PARTNERS – AVADIS TEVANIAN JOINS AS MANAGING DIRECTOR Avadis Tevanian, a former Apple executive, has joined Elevation Partners as Managing Director. Tevanian worked at Apple for about 10 years and was chief software technology officer and a member of the company’s senior management team when he left in 2006 FINATEM – FIRST CLOSE ON FUND III Finatem, a German firm focused on the mid-market, has held a first close on its third fund on €120m. The fund is targeting €150 million APOLLO – ACQUISITION OF CEDAR FAIR Global Private Equity firm Apollo has agreed to buy Ohio-based amusement park operator Cedar Fair for a total value $2.4bn (including debt). Apollo will pay $11.50 in cash for each share that they hold, representing a 43% premium over Cedar Fair’s volume weighted average closing unit price over the past ... ADVENT – COMPLETE WRITE OFF ON HUNE (EUROLOC) Global Private Equity firm Advent has written off its entire €140 million investment in Spanish construction equipment rental company, Hune (formerly Euroloc), after selling it to management for €1. Hune, which provides construction equipment sales and rentals, has been struggling in the bleak Spanish co... DUKE STREET – SALE OF SIMPLE HEALTH Duke Street has completed a £240 million trade sale of Simple Health & Beauty securing a 2,7x return. The facial skincare business has been sold to Alberto Culver, a publicly listed US rival at a valuation of about 11x the company’s 2009 EBIDTA. Duke Street first backed Simple, previously called Accantia... DOUGHTY HANSON – APPOINTMENT OF PRIVATE EQUITY CO-HEADS Doughty Hanson has elevated partners John Leahy and Mark Corbidge to co-heads of the European mid-market firm’s private equity group. Co-chairmen and Co-Founders Richard Hanson and Nigel Doughty, will step back from the day to day management of the group and will focus on origination and execution of inv... EQT – ACQUISITION OF SPRINGER Nordic Private Equity firm EQT together with GIC (Government of Singapore Investment Corporation) have bought German media group Springer Science for around €2.3bn from Cinven and Candover. GIC has taken an 18% stake in the company while EQT has taken 82%. Cinven and Candover have reached a return of app... APAX – ACQUISITION OF MARKEN Global Private Equity firm Apax Partners has agreed to acquire healthcare services company Marken from mezzanine provider Intermediate Capital Group. The deal was valued at around £975m CARLYLE – ACQUISITION OF MEDICAL PARK Global Private Equity firm Carlyle has purchased a 40% stake in the Turkish healthcare services company Medical Park. No financial details were disclosed regarding the investment, which is the second deal from Carlyle’s MENA growth fund. Carlyle’s investment will be used to help Medical Park pay down deb... PALAMON CAPITAL – ACQUISITION OF ASSOCIATED DENTAL PRACTICES A consortium led by British private equity firm Palamon Capital Partners has acquired Associated Dental Practices (ADP) from the administrators of failed Icelandic private equity firm Kaupthing Capital Partners. Palamon partnered with Alpinvest, Morgan Stanley and LDC. The four groups invested £72m (€80m... MIDOCEAN – STEVE MILLER JOINS AS CHAIRMAN Veteran turnaround specialist Steve Miller joins global private equity firm Midocean as Chairman. In the past, Miller helped revive businesses like Delphi Corp., TA ASSOCIATES – SALE OF TRIUMPH HEALTHCARE Global Private Equity firm TA Associates has sold US developer and operator of long-term acute care hospitals Triumph Healthcare to rival RehabCare for $570m of EV APOLLO – INVESTMENT IN DISHTV INDIA Global Private Equity firm Apollo will invest $100m for an 11% stake in DishTV India, a subsidiary of Indian media conglomerate Zee Group. The TV network provides satellite TV services, including 219 TV channels and 21 radio channels to more than 6m subscribers JC FLOWERS – DEPARTURE OF EUROPEAN HEAD The European head of global Private Equity firm JC Flowers, Ravi Sinha, has left the firm and so becomes the second high ranked departure this year after German head Renate Krümmer. The firm has also announced the promotion of David Morgan, formerly Australian’s office chairman, to head of Europe and Asi... VESTAR KAPITAL – SALE OF BIRDS EYE Global Private Equity firm Vestar Capital has sold frozen food manufacturer Birds Eye to Blackstone portfolio company Pinnacle Foods for $1.3bn. Pinacle Foods expect to fund the transaction using a combination of new debt financing at the company and a significant new equity contribution from Blackstone.... INDUSTRI KAPITAL – MERGER OF MINIMAX Industri Kapital has merged portfolio company Minimax, a German company which installs fire safety systems, with US company Viking Group. IK has invested an undisclosed amount of new money and debt into the transaction, as have Viking shareholders. Following completion IK will remain as the combined gro... TOWERBROOK – FORMATION OF HAYMARKET FINANCIAL TowerBrook Capital Partners has partnered with two Canadian pension schemes to launch a $700 million commercial lending institution. Haymarket Financial will be based in London and lend to mid-market companies in Europe. The lender will look to take advantage of “structural changes in the market” to pro... KKR & GA – ACQUISITION OF TASC US firms KKR and General Atlantic have agreed to pay $1.65 billion for TASC, a division of publicly traded defense contractor Northrop Grumman. TASC provides systems engineering and technical assistance to intelligence, defense and civil agencies of the US government BC PARTNERS & APOLLO – SALE OF UNITYMEDIA Private Equity firms BC Partners and Apollo have sold German cable company Unitymedia to US cable group Liberty Global for €3.5bn. According to press reports, equity owners will obtain between four to five times the equity invested and 40% of net IRR BC PARTNERS – ACQUISITION OF ATI Global Private Equity firm BC Partners has reached an agreement with a consortium led by the Riverside Company to acquire for $500m. ATI operates 24 career training centers located in Texas, Florida, Oklahoma, Arizona and New Mexico serving 15,000 students AXA PRIVATE EQUITY – ACQUISITION OF HSE24 French Private Equity firm AXA has bought teleshopping channel HSE24 from insolvent retail group Arcandor. According to press the price amount was between €150m and €200m. With revenues of €352m in 2008, HSE24 is the second largest teleshopping channel in Germany after QVC ADVENT – SALE OF HERLITZ Global Private Equity firm Advent International is to sell its 66 per cent stake in European stationery provider Herlitz to Pelikan International, manufacturer and distributer of writing instruments, school stationery and office supplies, for €45m ALTOR, SEGULAH, INVESTOR & PRIVEQ – ACQUISITION OF PHARMACIES FROM THE SWEDISH GOV... Nordic Private Equity firms Altor, Segulah, Investor and Priveq have acquired chains of pharmacies from the Swedish government as part of a SEK5.9bn (€573m) privatization of the Swedish pharmaceutical sector. Altor has acquired 208 pharmacies generating annual revenues of SEK7.1bn. Segulah has acquired 6... CARLYLE – ACQUISITION OF OPNELINK FINANCIAL Global Private Equity firm The Carlyle Group, has acquired software company OpenLink Financial from Private Equity firm TA Associates for an undisclosed sum. OpenLink develops software for the commodity, energy and financial services industries. The group has more than 785 employees and 150 customers wor... ENGLEFIELD / BREGAL CAPITAL – COMMITMENT OF $1BN TO REBRANDED ENGLEFIELD Bregal, investment arm of the Brenninkmeijer family, has made a €1billion commitment to Bregal Capital, its direct European Private Equity platform formerly known as Englefield Capital. Dominic Shorthouse, one of Englefield’s three founding partners, will break away from his colleagues Adam Barron and Ed... TPG – AGREEMENT TO PURCHASE IMS HEALTH Private Equity firm TPG together with the Canadian Pension Plan Investment Board (CPPIB) have agreed to acquire pharmaceutical information provider IMS Health. TPG and CPPIB would pay $22 per share for the company, a 31% premium over the company’s closing share price on the 4th of November 2009 and a 50%... TPG – INVESTMENT IN VALERUS COMPRESSION SERVICES TPG will invest $500m in the debt and equity of Valerus Compression Services, a company which assists in the compression, processing and treatment of natural gas. Further details of the deal were not disclosed ADVENT – ACQUISITION OF MEDIAN KLINIKEN Advent International, together with the real estate investment firm Marcol, has agreed to acquire Median Kliniken, the German largest care home operator. The business has an annual turnover of approximately €300m and employs 4,500 staff. The transaction has been approved by the European Commission WESTVIEW – CLOSING OF ITS SECOND FUND ON $325M US Private Equity firm WestView Capital Management has announced the closing of its second fund on $325m, exceeding the original target of $300m and their previous fund of $195m APAX – CHANGES IN ITS ASIAN TEAM Global Private Equity firm Apax has announced two significant changes in its Asian team. Max Burger-Calderon has retired as chairman of Apax Asia and will become part-time non-executive chairman. On the other hand, Michael Prahl, a member of the firm’s retail and consumer team based in Hong Kong has left... BALDERTON CAPITAL – SALE OF SCANSAFE Paneuropean Private Equity firm Balderton Capital has completed the sale of internet security software maker ScanSafe for $183m to Cisco. Balderton first backed the software maker in 2004 and has made 4x its original investment in ScanSafe TPG – SALE OF REMAINING STAKE IN DEBENHAMS TPG has sold the last of its stake in British department store group Debenhams. TPG sold a block of just over 120 million shares to an unnamed buyer, equivalent to a 9.34% stake, for around £96m. Along with CVC Capital Partners and Merrill Lynch Private Equity, TPG delisted Debenhams from the London Stoc... EQT – ACQUISITION OF 2 BULGARIAN TV OPERATORS Paneuropean Private Equity EQT Partners has bought and merged two Bulgarian cable TV operactors, Eurocoom Cable Management and CableTel, for approximately €200m. Eurocom was previously owned by Warburg Pincus and CableTel was acquired to the company´s shareholder Gene Phillips. CableTel other shareholder... CANDOVER – RESTRCUTURING OF HILDING ANDERS Candover has completed its restructuring of Swedish bed manufacturer Hilding Anders and retained 50,1% of the business after injecting SEK400m (€38m). Candover, which bought the business for €1bn in 2006, had to refinance the company after it breached covenants in March 09. Under the new structure, manag... GENERAL ATLANTIC & COLONY CAPITAL – ACQUISITION OF FIRST REPUBLIC BANK Private Equity firms General Atlantic and Colony Capital have agreed to acquire First Republic Bank, a San Francisco-headquartered retail bank from Bank of America Merrill Lynch. As of September 2009, First Republic has $19bn in total assets, $16bn in deposits and $15bn in wealth management assets under ... HIG – ACQUISITION OF ALLION HEALTHCARE Global Private Equity firm HIG has agreed to acquire Allion Healthcare in a $278m deal that includes the assumption of $79m in debt. The company provides pharmaceutical and disease management services to HIV/AIDS and chronically ill patients in the US. HIG will pay $6.6 per share for the NASDAQ-listed co... 3i – SALE OF DOCKWISE Paneuropean Private Equity firm 3i has sold its remaining stake in Dockwise to Sankaty, Project Holland Fonds and HAL Investments. Dockwise is a heavy marine lifting business originally acquired by 3i in January 2007 for $700m. In May 2007 a recapitalization allowed 3i to return approximately 1.6x the or... INVESTITORI ASSOCIATI – DEPARTURE OF FILIPPO GAGGINI Italian Private Equity firm Investitori Associati has announced the depature of senior partner Filippo Gaggini. He has ended a nine year career at the firm to join rival Private Equity house Investindustrial as an advisor. Gaggini was one of the two senior partners at Investitori Associati alongside Dari... KKR – HIRES HEAD OF EUROPEAN INVESTOR RELATIONS Global Private Equity firm KKR has hired Alex Fletcher to head its European Client and Partner Group. Fletcher comes from Goldman Sachs where he was the head of Goldman Sachs Asset Management EMEA Sales, excluding Germany and Austria ENGLEFIELD CAPITAL – HIRES CLIVE NORTON AS ADVISOR Paneuropean Private Equity firm Englefield Capital has hired Clive Norton as an adviser. Norton was formerly a managing director within the placement agent Jeffereis Helix since January 2007 CVC – ACQUISITON OF INBEV Paneuropean Private Equity firm CVC has agreed to acquire the Central European operations of brewing giant Anheuser-Busch InBev for up to $3 billion. CVC has agreed to make and distribute brands like Stella Artois, Beck’s, Hoegaarden, Spaten and Leffe. The business group has been renamed StarBev. ADVENT – ACQUISITION OF GFKL FINANCIAL SERVICES Global Private Equity firm Advent International has bought German debt collection company GFKL Financial Services from a consortium of institutional investors for an undisclosed amount. The investment has been financed without bank debt. TPG – ACQUISITION OF A MINORITY STAKE IN LENTA Global Private Equity firm TPG has partnered with Russian Private Equity firm VTB Capital, on the purchase of a 35% stake in Russian hypermarket chain Lenta. The deal was worth $110 million. ALTOR – SALE OF PALODEX TO DANAHER Ator, Scandinavian Private Equity firm, has signed an agreement to sell PaloDex, Finnish global designer and manufacturer of dental imaging (x-ray) equipment to Danaher Corporation, leading company in this field. In September 2005, Altor acquired PaloDex from General Electric and since then Altor has gro... GI PARTNERS – CLOSES THIRD FUND ON $1,900 MILLION GI Partners, US Private Equity firm, has closed its third fund on $1,900m. GI’s previous fund accounted for $1,450m. CVC ASIA– DEPARTURE OF ZHU WEI IN CHINA Zhu Wei, CVC Capital Partners’ Beijing head, has left CVC Asia to join Standard Chartered Private Equity as Managing Director. BLACKSTONE – SALE OF KOSMOS ENERGY The consortium formed by global Private Equity firms Blackstone and Warburg Pincus has agreed to sell their energy exploration business Kosmos Energy to ExxonMobil for $4.000m (EV). According to the press, the investment –from Blackstone‘s fund IV (2002)- will return 4x BLACKSTONE – ACQUISITION THEME PARK OPERATOR Global Private Equity firm Blackstone has agreed to acquire US theme park operator Busch Entertainment from Anheuser-Busch InBev for $2.700m (EV). Under the terms of the agreement Blackstone’s BCP V (2005) will make a $1.000m equity investment into the deal. Busch Entertainment manages 10 theme parks in ... CLAYTON DUBILIER & RICE (CD&R) – STAKE IN JOHNSON DIVERSEY Global Private Equity firm CD&R has agreed to pay $2.377m (EV) for a 46% stake in Johnson Diversey, a producer of commercial cleaning and sanitation solutions, in a $2.600m recapitalization to provide the company with capital for growth. The rest of the shareholders will consist of the founding family wi... NORDIC – ACQUISITION OF MASTER MARINE Paneuropean Private Equity firm Nordic Capital has closed the acquisition of an 89% stake in Master Marine, a Norwegian offshore energy service company that provides installation and maintenance services (to oil platforms and wind parks) in a Public to Private deal that values the company at €270m of EV.... CANDOVER – LOST CONTROL OF ALCONTROL Paneuropean Private Equity firm Candover has lost its equity stake in ALcontrol, the UK food and environmental laboratory testing business after a restructuring process that ultimately ended up with its major debt holder and distressed debt arm of Blackstone, GSO Capital, seizing majority control. Candov... JPMORGAN – CLOSES SECONDARIES FUND JP Morgan’s asset management division has raised about $1.000m commitments for its secondaries fund JPMorgan Secondary Private Equity Investors KKR – HIRES VODAFONE’S EX-CEO AS SENIOR CONSULTANT Global Private Equity firm KKR has appointed former CEO of Vodafone (2003 to 2008) Arun Sarin as Senior Advisor. Sarin and KKR have worked together before as the former worked as CEO of Telecom joint venture between KKR and Accel Partners Accel-KKR Telecom between 2000 and 2003 OAKTREE, ANCHORAGE – CONTROL OF BAVARIA YACHTBAU The consortium formed by North American distressed debt for control firms Oaktree and Anchorage have taken control of German yacht ship builder Bavaria Yachtbau, until now owned by private equity firm Bain Capital, and which was in financial distress due to its debt load. The change in control is the res... BLACKSTONE AND LION CAPITAL – SALE OF ORANGINA Global and European private equity firms Blackstone and Lion Capital have agreed to sell Orangina to Japanese beverage giant Suntory. Orangina, the famous beverage maker has been valued at around €2,230m and had been acquired by both private equity firms in 2006 PERMIRA - SALE OF FREENET SHARES Paneuropean private equity firm Permira has announced that Telco Holdings, the Dutch telecommunications unit under its control, is selling 19.1 million shares of the telephone group Freenet, reducing its holding to 10.1% from around 25%. The deal is worth around €198m GOLDMAN SACHS CAPITAL PARTNERS – INVESTMENT IN GEELY AUTOMOBILE Global private equity firm GS Capital Partners has announced a $334m (HK$ 2,600m) investment in Geely Automobile Holding, China’s first independent automaker. The investment takes the form of convertible bonds and warrants. The bonds are convertible into 998 million new Geely shares, based on a conversio... MONTAGU – ACQUISITION OF ADB AIRFIELD SOLUTIONS Paneuropean private equity firm Montagu has agreed to acquire ADB Airfield Solutions, the airfield lighting business of German conglomerate Siemens. Siemens acquired ADB in 1987. The estimated transaction value is approximately €100m WARBURG PINCUS – SALE OF EASYCASH Global private equity firm Warburg Pincus, has agreed the sale of Easycash, a German payment processing business to trade buyer Ingencio Group for €290m. Sources close to the situation estimate the exit would net 3x the firm’s invested capital. Warburg acquired Easycash in 2006 and during the period of i... CARLYLE – APPOINTMENT OF GREGORY SUMME AS VICE-CHAIRMAN Global private equity firm Carlyle has hired Gregory Summe as vice chairman of global buyout. He joins Carlyle from Goldman Sachs Capital Partners, where he acted as a senior adviser. His role at the firm will be to help on the monitoring of the portfolio companies KKR – INVESTMENT IN ARICENT KKR has increased its stake in communications software firm Aricent, investing $255 million in the company alongside the Canada Pension Plan Investment Board (CPPIB). Their individual investments were not disclosed. KKR first invested in Aricent in 2006, in its first-ever Indian deal, acquiring a 76% sta... AMERICAN CAPITAL – SALE OF AXYGEN BIOSCIENCE Publicly listed American Capital has sold portfolio company Axygen BioScience for approximately $400 million, resulting in $182 million in proceeds. American Capital acquired Axygen BioScience, which manufactures and distributes laboratory products and equipment, in September 2006. The company has been s... CARLYLE – SALE OF KBRO IN A SHARE SWAP The Carlyle Group has agreed to a share swap deal with telecommunications company Taiwan Mobile. The private equity firm will exchange its stake in kbro, a Tawainese cable television operator, for a 15.5% stake in Taiwan Mobile and NT$440 million ($14 million; €9 million) in cash. The transaction values ... APOLLO – TENDER OFFER FOR PARALLEL PETROLEUM Global private equity firm Apollo plans to de-list Parallel Petroleum in a $483 million deal that includes the assumption of $351 million in debt. The private equity firm will pay stockholders $3.15 per share, representing a 56 percent premium to the Texas-based company’s average closing price over the p... KKR – INVESTMENT IN SENIOR DEBT & WARRANTS OF KODAK No Text PAI – POSSIBLE REDUCTION OF 50% IN ITS LATEST FUND Following last week news on the restructuring, sources familiar to PAI Partners commented the firm is considering a cut in its latest €5.3bn buyout fund, raised in 2008, of 50% of undrawn commitments. In case this reduction goes forward, the fund will have a final size of approximately €3bn INVESTINDUSTRIAL – ACQUISITION OF PORT AVENTURA Italian private equity firm Investindustrial has acquired a 50% stake in the Spanish leisure park Port Aventura. The firm has invested approximately €95m in the company. The owner of Port Aventura was until now Criteria CaixaCorp, which has sold the operations of the company but has retained the real est... PAI – RESTRUCTURING OF ITS FIFTH FUND Paneuropean private equity firm PAI has started the restructuring of its fifth fund (€5.4bn) after the meeting on the 10th of September with the most important investors in the fund in order to discuss and inform them about the departure of Dominique Mégret and Bertrand Meunier, formerly President and CE... CHARLESBANK – FINAL CLOSE OF ITS SEVENTH FUND ON $1.5BN US private equity firm Charlesbank has closed its seventh fund on its $1.5 billion hard cap, surpassing its $1.25 billion target in just five months. The firm’s sixth fund closed just under $1bn in 2005. The firm typically makes investments between $50m and $100m ARX EQUITY PARTNERS – SECOND CLOSE OF ITS THIRD FUND ON €102M Arx Equity Partners, a private equity firm focused to Central and Eastern Europe, has held a second close on €102 million for Arx III, which is targeting a €125 million final close. This is its first fund since becoming independent from German private equity firm DBAG in early 2008. Arx Equity Partners w... 3i – DEPARTURE OF JOHN REDMAN, WHO IS JOINING OMERS PRIVATE EQUITY OMERS Private Equity, the mid-market direct investment arm of the Canadian pension has hired former 3i buyout partner Mark Redman to establish and lead its direct investment team in the UK and Continental Europe. Redman worked for 12 years in 3i's London and Amsterdam offices and helped establish its Ben... LMS CAPITAL – APPOINTMENT OF DAVID VEREY AS NON-EXECUTIVE DIRECTOR Global private equity firm LMS Capital has appointed David Verey as non-executive director roughly a year after he resigned as The Blackstone’s Group UK Chairman GRESHAM – ACQUISITION OF 5 BUSINESSES TO FORMATION GROUP English Private Equity firm Gresham has completed the acquisition of five businesses providing professional services to the entertainment sector (sports, music, TV, etc.) to listed entertainment company Formation Group for £21m. The newly created company will be called James Grant Group SILVER LAKE – ACQUISITION OF A MAJORITY STAKE IN SKYPE A consortium led by Silver Lake and including Index Ventures, CPPIB and Andreessen Horowitz has acquired a 65% stake in Skype from Internet company eBay, that has retained the remaining 35%. The consortium has paid $2bn ($1.9 billion in cash and $125m in debt). The deal values the company at $2.75 billion INVESTINDUSTRIAL, ALPHA – ACQUISITION OF REMAINING SHARES IN PERMASTEELISA European buyout firms Investindustrial and Alpha, have agreed to acquire the remaining shares in Italian listed building materials group Permasteelisa, specialized in building facades. The two firms already owned a 61.5% stake in the company and have agreed to launch a tender offer for the remainder. Gro... BC PARTNERS – ACQUISITION OF SYNLAB AND FUTURELAB European Private Equity firm BC Partners has purchased stakes in two medical diagnostic companies that will be used as a platform for future add-on acquisitions. BC Partners has acquired Austrian-based FutureLAB as well as a 40 percent stake in Germany-based Synlab. Both companies will be combined and ge... JON MOULTON RESIGNS FROM ALCHEMY Jon Moulton, UK mid-market Private Equity firm’s co-founder, has left following strategy differences with the rest of the management team. Moulton had previously been at Apax Partners (1994 – 1997), Schroeder Ventures (now Permira, 1985 – 1994) and Citicorp Venture Capital (where he began his career) KKR – IPO OF AVAGO TECHNOLOGIES Global Private Equity firm KKR has carried out the IPO of its portfolio company Avago Technologies, a global semiconductor business. The IPO was prices at $15 per share, at the upper end of its range. Different sources estimates this price of $15 means a return of more than two times the original investment GENERAL ATLANTIC AND HELLMAN&FRIEDMAN – IPO OF EMDEON Private Equity firms General Atlantic and Hellman&Friedman have carried out the IPO of their portfolio company Emdeon, a Nashville-based medical payment-cycle manager. The IPO was priced at $15.5 per share (the top of its expected range) and the transaction will raise approximately $367m. The company was... MONTAGU – SALE OF KALLE TO SILVERFLEET CAPITAL Paneuropean Private Equity firm Montagu has announced the sale of Kalle, the sausage casings and cloth producer, to Silverfleet Capital for €212.5m. A syndicate of lenders led by the Bank of Ireland provided a €133m debt package for the acquisition. According to different sources, the exit will mean a re... CCMP AND BANCROFT – SALE OF NOWACO AND FARUTEX Global Private Equity firm CCMP Capital and Bancroft Private Equity, a Central European Private Equity firm, have sold Nowaco and Farutex, two food service companies in Central and Eastern Europe. The acquisition by Bidvest, an international services, trading and distribution company, values the companie... ADVENT – ACQUISITION OF CHARLOTTE RUSSE Advent has agreed to buy women’s apparel and accessory retailer Charlotte Russe for $380m. The amount is equivalent to $17.50 per share, which represents a premium of 26.9% over the company’s closing price on 21 August of $13.81 TPG – ACQUISITION OF 20% STAKE IN ARMSTRONG WORLD INDUSTRIES Global Private equity firm TPG has acquired a 20% stake in Armstrong World Industries, a flooring, ceiling and cabinet company. The transaction is valued at approximately $22.31 per share or $280m globally TERRA FIRMA – ACQUISITION OF EVERPOWER Paneuropean Private Equity firm Terra Firma, has announced the acquisition of EverPower Wind Holdings, a North American wind power company. Financial details of the transaction have not been disclosed, but according to different sources Terra Firma has invested around $350m in an all-equity investment to... TA ASSOCIATES – FINAL CLOSE OF FUND XI ON $4BN North American private equity firm TA Associates has closed its 11th fund on its $4bn hard-cap, exceeding the original target of $3.5bn. Its prior fund closed on $3.5bn in March 2006 KKR – FINAL CLOSE OF ANNEX FUND KKR has held a final close on its Annex Fund, which will be used to make additional capital infusions in portfolio companies in the firm’s €4.5bn second European Fund. KKR hasn’t made public the final size of the Annex Fund, but different sources estimate it closed in around €400m KPS – RAISING OF ADDITIONAL $800M IN KPS SPECIAL SITUATIONS FUND III North American Private Equity firm KPS, has raised an additional $800m from existing investors in KPS Special Situations Fund III, which closed on $1.2bn. The firm will use this “top-up” fund to expand its capital for new investments PAI – DEPARTURE OF DOMINIQUE MÉGRET AND BERTRAND MEUNIER Paneuropean firm PAI Partners has announced the departure of two of the most senior figures at the firm. Dominique Mégret was chairman and chief executive since 2006 and joined the firm in 1974. Lionel Zinzou, who joined PAI last year, will take over from Mégret. On the other hand, Bertrand Meunier, a me... CANDOVER – ANNOUNCEMENT OF CHANGES IN THE TEAM Paneuropean firm Candover has announced several changes in the firm’s team. John Arney, who has been with Candover since 2002, has become a managing partner at the firm, taking over from senior managing directors Colin Buffin and Marek Gumienny. Gumienny has become chairman of Candover Partners and Buffi... KKR & GOLDMAN SACHS – $100m CASH INJECTION IN KION GROUP Kion Group, the german forklift truck manufacturer, is to receive a €100 million cash boost from its two financial sponsors, KKR and Goldman Sachs who acquired the company in 2006. The €100 million loan will come in the form of a payment-in-kind (PIK) note. Kion confirmed that to date no covenants have b... WARBURG PINCUS – INVESTMENT OF $115M IN WEBSTER FINANCIAL Warburg Pincus will invest $115 million in Webster Financial for a 15 percent stake in the US bank. Webster has $17.5 billion in assets and provides business and consumer banking, mortgage, financial planning, trust and investment services. Warburg will buy 11.5 million newly issued common shares at $10 ... INFLEXION – SALE OF VIKING MOORINGS Mid-market UK firm Inflexion Private Equity Partners has exited Viking Moorings, an Aberdeen-based oil services business, in a secondary buyout by HSBC Private Equity. Financial details were not disclosed, but Inflexion said the exit generated a return of 12 times its investment. Inflexion backed the £22... APAX – OFFERS $571M FOR BANKRATE.COM Paneuropean Private Equity firm Apax has offered $571m for Bankrate.com, a company which owns a network of financial-focused websites and is quoted in NASDAQ. Apax is providing 100% of the financing for the deal and will pay $28.5 per share, a 15.8% premium over the closing stock price on Tuesday 21st of July DUKE STREET – SALE OF GROUPE PROCLIF British Private Equity firm Duke Street has sold a 43% stake in French hospital operator Groupe Proclif to Predica, the personal insurance arm of Credit Agricole Assurances. Predica has paid about €70m for this stake. This will enable Duke Street to return about €35m to investors and use the other €35m t... ENDLESS – ACQUISITION OF A 71% STAKE IN VASANTA GROUP British turnaround specialist firm Endless has acquired a 71% stake in Vasanta Group, a Yorkshire-based office supply company formerly owned by the Private Equity firm Electra Partners, which wrote off its £40m investment in the company earlier this year. Endless will invest £20m in the company and the d... CINVEN – DEPARTURE OF PETER GANGSTED Paneuropean Private Equity firm Cinven has announced the departure of Peter Gangsted, a partner and member of the firm’s executive committee, who leaves to join cleantech-focused venture firm Curzon Park Capital. Gangster ran Cinven’s Frankfurt office and had been in the firm for 7 years HELLMAN & FRIEDMAN – DEPARTURE OF JEFFREY GOLDSTEIN North American Private Equity firm Hellman & Friedman has announced the departure of Jeffrey Goldstein, a Managing Director at the firm. Goldstein is joining the US Treasury as undersecretary for domestic finance. Before joining Hellman & Friedman in 2004 he was chief financial officer at the World Bank CALPERS & CALSTRS – INCREASING ALLOCATION TO PRIVATE EQUITY California’s public pension funds CalPRS and CalSTRS have recently increased or plan to increase their allocations to Private Equity. TERRA FIRMA – EMI DEBT RESTRUCTURING EMI, global Private Equity firm based in the UK, is in discussions with financing banks about restructuring the $5,500m debt burden of EMI, the music group it bought in 2007 and that is financially struggling. According to newspapers, Terra Firma is offering to inject €347m of equity into the business in... OAK HILL – DUANE READE DEBT BUY-BACK US mid-market Private Equity firm Oak Hill will inject $125m into its struggling portfolio company Duane Reade, the domestic pharmacy chain it bought in 2004, to help it purchase $195m of its own debt which currently amounts to $557m GOLDEN GATE – ACQUISITION OF WIRELESS DIVISION FROM INFINEON Golden Gate Capital, US private equity firm, has acquired the wireless communications division of German semiconductor group Infineon Technologies for €250m. Infineon’s Wireline Communications currently holds more than 20 percent of worldwide market share and ranks number one in its target market of broa... KKR – JOINT VENTURE WITH BERTELSMANN KKR, global Private Equity firm, has partnered with media conglomerate Bertelsmann to develop a global music rights management business. Bertelsmann, which will own 49 percent of the joint venture, is contributing its BMG Rights Management unit to the undertaking, which actually has a licensing catalogue... POMONO – CLOSES POMONA CAPITAL VII ON $1.3BN Pomona Capital, global Private Equity firm specialized on the secondary market, has closed its seventh secondaries fund on $1.3 billion, 30 percent above its original target of $1 billion. Pomona Capital VII, which was in fundraising for about a year, will focus on buyout and venture capital funds, as we... HUNTSMAN GAY – HIRING OF GARY CRITTENDEN US Private Equity firm Huntsman Gay has hired former chief financial officer of Citigroup Gary Crittenden as a Managing Director. Crittenden most recently served as chairman of Citi Holdings. Huntsman Gay is a new private equity firm formed by former Utah industrialist Jon Huntsman and former Bain Capita... CINVEN – ANNOUNCEMT ON TEAM CHANGES Pan European Buyout firm Cinven has announced a raft of senior management changes as a ‘structural evolution’ at the private equity house. Hugh Langmuir has been promoted to Managing Partner replacing Robin Hall, who has been at the firm’s helm since 1988 as managing partner. Hall will continue his respo... WATSON WAYT STUDY – PENSIONS INCREASE COMMITMENTS TO FUND OF FUNDS Private equity funds of funds as a percentage of total alternative assets managed by the world's 100 largest pension funds managers increased from 16 percent to 20 percent in 2008, according to a Watson Wyatt study. SEGULAH – SALE OF JOY Nordic Private Equity house Segulah has sold the fashion retail chain Joy to management. The company has 57 stores in Sweden and revenues of approximately SEK220m. Segulah acquired Joy in June 2006 from the founders BC PARTNERS & ELECTRA PARTNERS – MERGER OF BAXI AND DE DIETRICH REMEHA GROUP Global and Paneuropean Private Equity firms BC Partners and Electra Partners have reached an agreement to merge their portfolio company Baxi with De Dietrich Remeha Group. Baxi is the leading heating products company in UK and the merger is valued at approximately €1,700m. The Private Equity firms will i... JC FLOWERS & CERBERUS – MERGER OF SHINSEI AND AOZORA BANKS Global Private Equity firms JC Flowers and Cerberus Capital Management have agreed to merge Japanese banks Shinsei and Aozora. The merger will create Japan’s sixth largest banking group with total assets of about €132m. Shinsei Bank, in which JC Flowers hold a 32.6% stake and Aozora Bank, in which Cerber... CARLYLE ASIA – CLOSES CARLYLE ASIA GROWTH PARTNERS IV ON $1,040M Global Private Equity firm Carlyle has closed Carlyle Asia Growth Partners IV on $1,040m. Like its predecessor, this fund will target private companies with high growth potential. It will acquire stakes of between 20% and 40%, investing between $15m and $75m in each deal BC PARTNERS – PROMOTION OF TWO SENIOR PARTNERS TO MANAGING PARTNERS Global Private Equity house BC Partners has promoted two Senior Partners, Nikos Stathopoulos and Jean-Baptiste Waultier, to Managing Partners. London-based Stathopoulos and Waultier, from BC’s Paris office, have now become two of eleven Managing Partners at the firm. Both of them joined BC Partners in 2005 BLACKSTONE ASIA – HIRING OF PHILIP LEVINSON Global Private Equity firm Blackstone has hired Philip Levinson as a Managing Director in Asia. Levinson joins the firm from RREEF where he was a Managing Director and head of its client relations in Asia. In Blackstone he will be in charge of raising capital, maintaining client relationships and will be... BC PARTNERS – INVESTMENT IN OFFICE DEPOT Global Private Equity firm BC Partners has invested $350m preferred stock in Office Depot, a US headquartered quoted global provider of office product and services. The preferred equity will attract a dividend rate of 10% per annum and it is convertible at a conversion price of $5.0 per share. The invest... CLAYTON DUBILIER & RICE - VANDEN BEUKEL TO JOIN THE FIRM Global Private Equity firm Clayton Dubilier & Rice (CD&R) has hired Vanden Beukel to help it invest in credit. Vanden Beukel, formerly a founding member of alternative investments manager GSC Group, resigned in March to join CD&R CANDOVER – SALE OF WOOD MACKENZIE TO CHARTERHOUSE Pan-European Private Equity house Candover has announced the sale of portfolio company Wood MacKenzie to Charterhouse for an enterprise value of £553m. Including proceeds from earlier refinancings, the investment has generated a gross IRR of 56% to Candover. Wood MacKenzie is a consultancy company specia... CCMP – ACQUISITION OF EDDIE BAUER CCMP, a global Private Equity firm headquartered in the US, has closed an agreement to buy US outdoor clothing retailer Eddie Bauer for $202m (EV). The company, which operates 371 stores, filed for bankruptcy (Chapter 11) just prior to the deal HM CAPITAL – ACQUISITION OF NEWSPAPER ASSETS Global Private Equity firm HM Capital has acquired several newspapers, real estate and a web site from Blethen Maine Newspapers, a subsidiary of The Seattle Times Company, for an undisclosed amount OAK HILL – CLOSES FUND III AT $3,800M US midmarket Private Equity firm Oak Hill has closed Oak Hill Capital Partners III on $3,800m, out-sizing its predecessor fund of $2,500m in 2005 BRIDGEPOINT – STEPHEN GREEN JOINS BRIDGEPOINT Stephen Green, previously partner and member of the Approval Committee at Apax Partners until he announced his retirement in March 2008, has been appointed partner and head of the European Financial Services sector team of Bridgepoint WARBURG PINCUS – ACQUISITION OF 18% STAKE ON TRANSPACIFIC Warburg Pincus will invest approximately A$65m in the A$800 million recapitalisation of Australian waste management services company Transpacific Industries Group. Warburg Pincus will invest approximately A$65 million in exchange for a stake of about 18%. Approximately A$735 million will be raised via a ... PERMIRA – DAMON BUFFINI CHANGE OF ROLE Damon Buffini, Chairman of Pan European Private Equity firm Permira, will take a more active role on investment activities and will return to sitting on its portfolio companies´ board. Buffini will give up the chairman´s role created for him on 2007 and the title will become redundant PLATINUM EQUITY – ACQUISITION OF DELPHI Los Angeles based turnaround firm Platinum Equity has agreed to acquire the assets of the auto supplier Delphi for $3,600m. This will allow the company to emerge out of Chapter 11. General Motors, Delphi’s largest customer which filed for bankruptcy this week, will buy some of the company’s plants and wi... PALAMON CAPITAL AND G SQUARE - ACQUISITION OF GRUPO SAR Paneuropean private equity firms Palamon Capital and G Square have agreed to invest in Grupo SAR, a Spanish company which provides home care services to the elderly. The company employs about 6,350 workers and generated €127m of revenues in 2008 ALTOR EQUITY – ACQUISITION OF THE MEDTECH COMPONENTS BUSINESS OF TECHNITROL Nordic firm Altor Equity is acquiring the Medtech components business of the publicly traded company Technitrol for $200m. The assets of the company include electromechanical devices for hearing aids, microphones, audio headsets and other medical devices. The Medtech business generated revenues of $110m ... RIVERSIDE – SALE OF NORDCO Global Private Equity firm Riverside has sold its stake in the rail maintenance company Nordco to the Canadian firm OMERS Private Equity. The terms of the deal have not been disclosed. The sale has represented approximately a 5x gross cash-on-cash return for Riverside WELSH CARSON – FINAL CLOSING OF ITS 11TH BUYOUT FUND ON $3,700M US Private Equity firm Welsh Carson has closed its eleventh buyout fund on $3,700m, exceeding its original target of $3,500m and the firm’s prior fund raised in 2005 which raised $3,400m in commitments. Approximately $800m of commitments of the new fund come from new investors RIVERSIDE – FINAL CLOSING OF ITS FIFTH BUYOUT FUND ON $1,170M Global Private Equity firm Riverside, has raised $1,170m for its fifth buyout fund exceeding its original target of $900m. Like the firm’s prior fund, closed in 2003 with total commitments of $750m, this new fund will target North American based companies with EBITDA between $5m and $15m ANACAP FINANCIAL PARTNERS – FINAL CLOSING OF ITS SECOND FUND ON €575M Paneuropean Private Equity firm AnaCap Financial Partners has closed its second fund on €575m, almost doubling the size of the firm’s prior fund. The fund will target investments in European financial services companies CERBERUS CAPITAL MANAGEMENT – DEPARTURE OF TWO PARTNERS Global Private Equity firm Cerberus Capital Management has announced the departure of Ken Leet and Jeff Lubin, two senior partners of the firm in Europe. Leet was formerly a strategic advisor to Ford and also worked with President George W. Bush. Jeff Lubin joined Riverside in 2005 to establish the Europ... AXA – ACQUISITION OF AN 80% STAKE IN ENEL RETE GAS French Private Equity firm AXA, alongside Italian infrastructure fund F2i, have bought an 80% stake in Enel’s gas distribution network Enel Rete Gas in a deal valued at €480m TPG – INVESTMENT IN DAPHNE Global Private Equity firm TPG, has entered into an agreement with Chinese footwear manufacturer Daphne International to invest RMB550 million ($81 million; €58 million). Listed on the Hong Kong Stock Exchange, Daphne manufactures, markets and distributes footwear, apparel and accessories under its own a... PAI – AGREEMENT WITH PHILIPS FOR THE SALE OF SAECO Paneuropean buyout firm PAI has reached an agreement with Philips for the sale of Saeco, Italy-based espresso machine maker. The transaction is estimated to account for around €200m PERMIRA – SALE OF A 14% BRITVIC STAKE Paneuropean buyout firm Permira has sold its 14% stake in soft drinks maker Britvic through a market placement worth £80m. Britvic is quoted in the London Stock Exchange. Permira bought the stake in December 2006 and was expected to use the investment as a springboard to make a full buyout bid which neve... BUTLER CAPITAL – LISE NOBRE JOINS BUTLER TEAM Lise Nobre, a partner of European buyout group PAI Partners, has left the firm to join Butler Capital Partners, the French distressed investment-focused private equity firm. Nobre was part of PAI until 2008 BLACKSTONE, CARLYLE – ACQUISITION OF BANKUNITED A consortium of private equity firms including Blackstone, Carlyle, Centerbridge and WL Ross and led by ex-chairman and CEO of North Fork Bancorporation John Kanas, has announced the $900m acquisition of failed Florida-based bank BankUnited. The consortium won a four-month auction process run by the Fede... ONEX – ACQUISITION OF TROPICANA LAS VEGAS Onex, a Canadian private equity firm, will acquire a control position of bankrupt casino and hotel operator Tropicana Las Vegas out of Chapter 11, having previously garnered a majority stake through the company’s debt and converting it into equity. The company will be split into two operating entities, o... CALPERS – CONSIDERS SUBSTANTIAL INCREASE IN ITS TARGET ALLOCATION TO PRIVATE EQUITY Calpers, one of the biggest public pension funds in the world with over $179,000m of assets under management, is considering new target asset allocations that would increase its target investment in Private Equity assets (measured as market value of portfolio investments excluding amounts undrawn) from c... CINVEN – DEBT RESTRUCTURING & OWNERSHIP DILUTION Spanish private hospitals operator USP has reached a final agreement with its lending banks to restructure its €500m debt. Under the terms of the agreement, the lending banks, Barclays and Royal Bank of Scotland will control a 65% stake in the business through a debt for equity swap. Additionally the rep... CHEQUERS – INVESTMENT IN STORE ELECTRONIC SYSTEMS French private equity firm Chequers Capital together with Pechel Industries, has agreed to acquire a 29.47% stake in Store Electronic Systems (SES), a company which designs and markets electronic labelling systems for the retail sector quoted in Euronext. The price paid was €13.11 per share, or a total e... KKR – ACQUISITION OF ORIENTAL BREWERY Global private Equity firm KKR has acquired South Korea’s Oriental Brewery for $1,800m. Oriental Brewery was part of Anheuser-Busch InBev, the world largest beer company. InBev will have the right, but not an obligation, to reacquire the brewery within five years after the transaction is closed on pre-de... WENDEL INVESTISSEMENT – SALE OF ORANJE-NASSAU OIL&GAS OPERATIONS French private equity firm Wendel Investissement has sold the oil&gas operations of Dutch group Oranje-Nassau for €630m. The group Oranje-Nassau is a fully-owned subsidiary of Wendel Investissement. The firm has agreed the sale to a consortium led by energy company Dyas UK, comprising the investment firm... AAC CAPITAL - ACQUISITION OF VIKING REDNINGSTJENESTE Paneuropean private equity firm AAC Capital, has acquired a stake in Viking Redningstjeneste, a Norwegian roadside assistance company. The financial details of the deal have not been disclosed. The company generated about €36m of revenues in 2008. CVC – APPOINTMENT OF ROSS PILLARI AS ENERGY ADVISER Global private equity firm CVC has appointed Ross Pillari as energy adviser for the US board. Pillari will help develop investments in the energy sector and will advise the firm’s portfolio companies. Pillari is joining CVC after having worked 35 years at BP, where he served as chairman and chief executi... 3i – DEPARTURE OF THE GERMAN HEAD 3i Germany is losing managing director and group partner Stephen Kruemmer for personal reasons. He will be jointly replaced by current partners Ulf von Haacke and Peter Wirtz. Kruemmer joined the UK-listed private equity firm’s Frankfurt operations in 2005 from Rotschild AUGUST – ANDREW HARTLEY QUITS TO JOIN SECONDARY SPECIALIST Andrew Hartley, one of the founding partners of Kleinwort Benson spin-out August Equity, has left the firm to join direct secondaries firm Chamonix Private Equity SILVERFLEET – CLOSING ON €665M London-based European mid-market investor Silverfleet Capital has closed its first fund as an independent entity, having raised €665 million. The former captive private equity arm of UK financial services firm Prudential had originally targeted €1 billion for the vehicle HARBOURVEST – FINAL CLOSE ON $2.900M FOR DOVER STREET VII HarbourVest Partners, global funds of funds manager, has closed Dover Street VII, a global secondaries fund, on its $2.9bn hard-cap, above its initial target of $2bn. Dover VII makes secondary investments in venture capital, leveraged buyout, and other private equity assets, as well as portfolios of oper... GREAT HILL PARTNERS – FINAL CLOSE OF ITS FOURTH FUND ON $1.1BN Boston-based private equity firm Great Hill Partners has closed its fourth fund on target at $1.1 billion. Fund IV closed just shy of its $1.25 billion hard cap and nearly double the value of its predecessor, Great Hill Partners III, which closed on $750 million in 2006. Great Hill has a strategy of inve... MORGAN STANLEY – CLOSING OF ITS FOURTH FUND OF FUNDS Morgan Stanley has raised $1.14bn for its fourth fund of funds, a 15% increase over its third fund of funds, which closed on $1bn in 2006. The fund, Morgan Stanley Private Markets Fund IV, targets buyout funds based in North America and Western Europe, global venture funds and global special situation fu... ABBOTT CAPITAL – FINAL CLOSE OF ITS SIXTH FUND OF FUNDS Abbott Capital Management, a US fund of funds manager, has corralled more than $1bn for its sixth fund of funds. Its target had been $1 billion. Abbott Capital Private Equity Fund VI will invest in a mix of venture capital, growth equity, buyout and special situation funds in both the US and other devel... BLACKSTONE - SALE OF STIEFEL LABORATORIES Global private Equity firm The Blackstone Group has agreed to sell Stiefel Laboratories to pharmaceutical giant GlaxoSmithKline (GSK) for $3.6billion (EV). Founded in 1847, Stiefel Laboratories is the world’s largest independent pharmaceutical company specializing in dermatology, with more than 30 subsi... 3i - SALE OF INSTONE Global private Equity firm 3i has agreed to sell Instone, a marine fare specialist, to Barclays Private Equity-backed travel business ATP. Terms of the transaction were not disclosed. 3i invested into Instone in February 2004. Since then, the company’s sales have grown from just under £100m to £160m in 2... TRILANTIC CAPITAL PARTNERS – COMPLETED SPIN-OUT FROM LEHMAN BROTHERS MERCHANT BNAKING Lehman Brothers Merchant Banking, the private equity arm of the bankrupt investment bank, has completed its spin-out and renamed itself Trilantic Capital Partners. The five partners who own 51% of Trilantic are Vittorio Pignatti-Morano, Joe Cohen and Javier Bañon in Europe and Charles Ayres and Daniel ja... FIRST RESERVE – FINAL CLOSE ON $9.000M FOR FIRST RESERVE XII Global Energy-focused Private Equity firm First Reserve has reached $9.000m on its final close for its twelfth buyout fund First Reserve XII. Its prior fund, First Reserve XI, closed in 2006 on $7.800m CVC AGREES £3BN BARCLAYS iSHARES DEAL CVC, the global Private Equity firm, has agreed the acquisition of Barclays ETF’s (Exchange Traded Funds) platform business for £3000m. CVC has also secured 70% in debt financing from Barclays. Additionally, Barclays has been granted a participation right in the sale of the company if the IRR is above 25... WARBURG PINCUS - EXIT FROM METAVANTE Warburg Pincus, the global Private Equity firm, has agreed the merger of its portfolio company Metavante with Fidelity National Information Services. Metavante is a quoted company which delivers processing services to financial institutions. The stock deal for Warburg Pincus is valued at $2900m, although... ADVENT – ACQUISITION OF A FIFTH THIRD BANCORP DIVISION Advent, the global Private Equity firm, has bought a 51% stake in Fifth Third’s credit card processing business. Advent has paid $561m for the mentioned interest in the company and will acquire the business through a joint-venture signed with Fifth Third in which the latter will retain a 49% interest WARBURG PINCUS – ACQUISITION OF THE ICE-MANUFACTURING BUSINESS OF MANITOWOC Warburg Pincus, the global Private Equity firm, has agreed to acquire the ice manufacturing business from the industrial company Manitowoc for $160m. Warburg bought the business line after Manitowoc was required by the US Justice Department and European Commission to sell the division in order obtain app... BARCLAYS PRIVATE EQUITY – ACQUISITION OF BOUNTY GROUP Barclays Private Equity, the European Private Equity firm, has acquired Bounty Group for $97m. Until now, Bounty was the UK division of Kaboose, a Canadian company which delivers on-line services for parenting advice (sell of children products, chats for parents, etc) GTCR – ACQUISITION OF AUDIVISUAL RIGHTS GTCR, a Chicago based Private Equity firm focused on the mid-market, has bought the rights over popular children’s classic characters including Lassie, the Lone Ranger or He-Man from UK media company Entertainment Rights for $200m CHARTERHOUSE – FINAL CLOSE OF CHARTERHOUSE CAPITAL PARTNERS IX ON €4BN Charterhouse, the European Private Equity firm, has closed its latest fund, Charterhouse Capital Partners IX, on €4bn despite the difficult market conditions. GOLDMAN SACHS – FINAL CLOSE OF ITS SECONDARIES FUND Goldman Sachs has closed its latest secondaries fund (acquisition of private equity investor interests) on $5.500m, the largest amount ever raised for a fund of this type. The size and success of the fundraising underlines the unique opportunity present in the market for this kind of investments as the n... PLATINUM EQUITY – ACQUISITION OF SAN DIEGO TRIBUNE Platinum Equity, the California-based Private Equity firm, has come to an agreement with the publishing company “Copley Press¨ to purchase the San Diego Union-Tribune for an undisclosed sum. The newspaper, for sale since July 2008, is the only daily in the metropolitan area of San Diego, with a weekday c... INVESTCORP – ACQUISITION OF L’AZURDE A group led by Investcorp, a Bahrain-based Private Equity firm, and Eastgate Capital, a regional investment company, has taken a 70% stake in Saudi Arabian jewellery brand L’Azurde. Investcorp will invest around $300m to take the 51% of the company, which employs 2,000 people across 18 retail stores loca... HgCAPITAL – INVESTMENT IN SOLAR ENERGY PLANTS UK Private Equity firm HgCapital has agreed a €300m investment in 3 solar energy plants in Southern Spain formerly owned by AIG Financial Products and which produce more than 34MW GOLDMAN SACHS – PUBLIC TENDER OFFER FOR UNIVERSAL STUDIOS JAPAN The Private Equity division of Goldman Sachs has announced a tender offer of ¥50,000 (€388) per share or approximately ¥140billion (€1,100m) for the outstanding shares of Universal Studios Japan (it already owns 41%), one of Japan’s biggest theme park operators THOMA BRAVO – FINAL CLOSE OF ITS NINTH FUND ON $820M Thoma Bravo, the Northamerican Private Equity firm specialized in the mid-market and focused on buyouts in the Services and IT/Software sectors, has announced the final close of its ninth fund on $823m. Its previous fund, Thoma Bravo Fund VIII,closed on $765m SUN CAPITAL – INVESTMENT IN ACCURIDE Sun Capital Partners, US Private Equity firm specialized in turnarounds, has bought a position in autoparts company Accuride with the $70 million purchase and modification of the company’s senior secured term loan. Sun Capital will also receive a warrant for 25 percent of Accuride’s common stock, and was... APAX AND BARCLAYS CAPITAL – SALE OF SOMERFIELD A consortium led by Paneuropean Private Equity firms Apax and Barclays Capital has completed the £1,600m sale, announced on July 2008, of UK supermarket chain Somerfield to UK-based grocery Co-operative Group. Acquired in November 2005, Somerfield, which currently has 880 stores, has represented a 2x pro... ODYSSEY – FINAL CLOSE OF ITS FOURTH FUND ON $1.5BN Odyssey Investment Partners, US Private Equity firm focused on mid-market transactions, has closed its fourth fund on $1.5 billion, beating its original target of $1 billion. Odyssey Investment Partners Fund III closed on $750 million in 2005 HIG EUROPE – ALASTAIR MILLS JOINS AS DIRECTOR Alastair Mills, formerly a partner at UK mid-market firm Gresham Private Equity, has joined HIG Europe, the European affiliate of HIG Capital, as a a director in its London office. Prior to Gresham, Mills held positions at European mid-market firm Bridgepoint and RBS. Mills' appointment, HIG's third so f... TOWERBROOK – INVESTMENT IN AUTODISTRIBUTION GROUP Global Private Equity firm Towerbrook has invested €110m in French car part distributor Autodistribution Group in order to refinance the debt-ridden company. Towerbrook has also agreed to invest €50m to finance future acquisitions. LBO FRANCE – FINAL CLOSE ON €1.000M FOR WHITE KNIGHT VIII French Private Equity firm LBO France has reached €1.000m on its final close for its eight buyout fund White Knight VIII. The fund, which has been in the market for one year, has reached its target size CARLYE – FINAL CLOSE ON $533M FOR CARLYLE MEZZANINE PARTNERS II Global Private Equity firm Carlyle has reached €533m on its final close for its second mezzanine fund Carlyle Mezzanine Fund II. CALSTRS – INCREASE IN DISTRESSED ASSETS ALLOCATION US Pension Fund CalSTRS, with $120bn in assets under management, is considering placing 5% of its money ($6bn) into distressed assets. The scheme will transfer money from its equities investments into private equity, real estate and fixed-income assets with distressed prices. BLACKSTONE – HIRE OF GERARD ERRERA AS SENIOR ADVISOR Global Private Equity firm Blackstone has hired Gerard Errera as Senior Advisor to the firm. Errera will be based in paris and will sit on Blackstone’s international advisory board. He has spent the last two years as secretary general of the French ministry of foreign affairs. Before that, he was the Fre... WELSH CARSON – INVESTMENT IN GEODIGM US Private Equity firm Welsh Carson has invested $100m in GeoDigm, a firm which develops technology used by dental labs. The investment made by Welsh Carson will be used to support future acquisitions made by the GeoDigm KPS – ACQUISITION OF LABATT USA US mid-market Private Equity firm KPS has acquired Labatt USA a brewing company which was part of Anheuser-Busch InBev. Labatt, together with another two recent acquisitions made by KPS, will be part of the newly formed company North American Breweries, which will serve as a platform for investments in t... HELLMAN & FRIEDMAN – FIRST CLOSE ON $6.000M FOR HFCP VII Global Private Equity firm Hellman & Friedman has reached $6,000m on its first close for its seventh buyout fund HFCP VII. $400m of total commitments came from the fund’s managers. HFCP VII is targeting $10,000m and has been in the market for only four mounths CALSTRS – INCREASE IN PRIVATE EQUITY TARGET ALLOCATION US Pension Fund CalSTRS has increased its target allocation to private equity investments from 9% to 11%. They are also studying the possibility of starting to make opportunistic investments in debt instruments QUADRANGLE – DEPARTURE OF STEVE RATTNER US Private Equity firm Quadrangle has announced the departure of Steve Rattner, co-founder and managing principal of the firm. Rattner will join the US Department of Treasury as an advisor on the automotive sector CVC – HIRE OF JULIAN HORN-SMITH AS SENIOR ADVISOR Global Private Equity firm CVC has hired Julian Horn-Smith as a senior advisor for its TMT team. Horn-Smith was one of the founders of Vodafone in UK in 1984, were he held a variety of roles until 2006 when he retired. He is currently a senior advisor to UBS Investment Bank in London and a board member a... APAX – SALE OF A 10% STAKE IN ITS MANAGEMENT COMPANY Paneuropean Private Equity firm Apax Partners has sold a stake of around 10% of its management company. Australia’s Future Fund and the private equity arm of the Government of Singapur (GIC) have acquired a 7.7% stake. Apax is in talks to sell another 2.3% stake to a third investor BRIDGEPOINT – ACQUISITION OF TERVEYSTALO HEALTHCARE Paneuropean Private Equity mid-market firm Bridgepoint, has completed the take-private of Finnish healthcare business Terveystalo Healthcare, which provides healthcare services in clinics and hospitals to individuals as well as corporations. The tender offer of €2 per share in cash was accepted by 96% of... KRG – ACQUISITION OF FEDERAL FLANGE US mid-market Private Equity firm KRG announced an investment in Federal Flange, a US leading manufacturer of gas and oilfield machinery and components for both onshore and offshore markets, for an undisclosed amount KPS – ACQUISITION OF LENOX US mid-market Private Equity firm KPS has closed the acquisition of the assets of the iconic US china and crystal maker Lenox out of the bankruptcy auction of the company, for an undisclosed amount. Lenox has more than 120 years of history and is among the most exclusive makers of china in the US. KPS pl... JC FLOWERS AND METALMARK – SALE OF DIRECT RESPONSE The consortium formed by US Private Equity firms JC Flowers and Metalmark has completed the sale of US-based insurance company Direct Response to an affiliate of NYSE-quoted Unitrin Inc. for around $200m. Direct Response specializes in the sale of personal automobile insurance directly to consumers, and ... DANSKE – €600M SECOND CLOSE Danish Private Equity fund of funds Danske Private Equity has held a second close on its fourth fund, having reached its target of €600m GRESHAM – DEPARTURE OF MIKE HENEBERY UK mid-market Private Equity firm Gresham has announced the resignation of partner Mike Henebery for personal reasons. Mike Henebery joined Gresham in 2000 after working at Montagu Private Equity 21 CENTRALE – NEW ADDITIONS AND PROMOTIONS French mid-market Private Equity firm 21 Centrale Partners has hired former Finama Private Equity investment officer Jacques Rossignol as partner and former French Government investment manager Xavier Payet as investment manager at its Paris office. Additionally, the firm promoted Vincent Menudier, in th... SUN CAPITAL – CLOSURE OF TOKIO OFFICE US mid-market Private Equity firm Sun Capital has closed its Tokio office, which employed 8 people to date, following a decision to move away from investments in the region due to challenging economic conditions in Japan and across Asia and as part of a strategic move to re-focus on its core activities, ... ALTOR – CARNEGIE ACQUISITION Nordic Private Equity firm Altor and listed Nordic investment firm Bure are purchasing financial services company Carnegie from Swedish government for a total consideration of SEK1.9 billion (€178m). The firms have agreed to purchase insurance broker Max Mathiessen in a total consideration of shares wort... KKR – HIRING OF THE GLOBAL FUNDRAISING DIRECTOR US Private Equity firm KKR has hired Suzanne Donohoe as managing director and global head of its client and partner group, which coordinates the firm’s fundraising activities. Donohoe previously ran the international asset management unit at Goldman Sachs PERMIRA – HIRING OF BRIAN RUDER AND BRUCE CHIZEN Permira has hired Brian Ruder as partner in the Menlo Park office to reinforce its Technology group. Ruder worked previously at Francisco Partners and Hellman & Friedman. Additionally, Permira has hired Bruce Chizen, ex CEO of Adobe, as senior advisor for its Technology team CVC – SALE OF POST DENMARK & ACQUISITION OF DE POST-LA POSTE Paneuropean buyout firm CVC Capital Partners has agreed to sell back to the Danish government its 22 percent stake in Post Danmark, the Danish postal service privatised in 2005. The sale will go through when Post Danmark merges with Swedish group Posten AB. 3i – SALE OF DIAB Paneuropean private equity firm 3i has sold its 48% stake in Swedish manufacturing company DIAB to Ratos Private Equity for approximately SEK 400m (€38m). DIAB manufactures and develops blades for wind turbines, boat hulls and decks. Ratos and 3i acquired DIAB when they bought Swedish private equity firm... VISION CAPITAL – ANNOUNCES FINAL CLOSING OF ITS SEVENTH FUND ON €680M Vision Capital, a paneuropean Private Equity firm, has raised €680 million for Vision Capital Partners VII. This new fund, which was raised in approximately a year, has almost double the size of its €350 million 2006 predecessor. GENII CAPITAL – BID TO ACQUIRE POLAROID Luxembourg-based private equity firm Genii Capital has submitted a bid to buy the 70-year-old photography brand. Polaroid was acquired by US Petters Group in 2005 for USD426m. Petters Group filed for bankruptcy in October last year following fraud investigations ECI – ANNOUNCES FINAL CLOSING OF ITS NINTH UK FUND ON GBP430M UK private equity firm ECI has closed its ninth UK buyout fund, ECI 9, on GBP430m after only five months of marketing. Its previous fund, ECI 8 closed in 2005 on GBP258m. NY PENSION PLAN & CALSTRS MAY BOOST PRIVATE EQUITY ALLOCATIONS NY Pension Plan, with USD120bn in assets under management, and CalSTRS (California State Teachers´ Retirement System), with USD160bn in assets under management, are considering increasing their allocations to private equity as they adjust their portfolios in the wake of market turmoil. NY Pension Plan, w... 3i – DEPARTURE OF PHILIP YEA Global private equity firm 3i has announced the decision of Philip Yea to resign as CEO of the quoted firm after nearly four years in the position. The firm’s share price fall during last year (~75%) seems to be one of the reasons. Michel Queen, Head of Infrastructure and 20-year firm veteran will replac... ARGOS SODITIC – SALE OF JAYBEAM WIRELESS Paneuropean private equity firm Argos Soditic has sold its stake in Jaybeam Wireless, the last asset to be sold from the Financière Harlé Bickford conglomerate it acquired in 2007. Jaybeam Wireless which manufactures cellular antennas for cars has been acquired by Amphenol, a US electrical manufacturer l... WL ROSS – COMPRA DE FIRST BANK & TRUST North American private equity firm WL Ross has acquired a 68% stake in First Bank & Trust, a Florida based bank with around $83m in assets. CVC – ANNOUNCES FINAL CLOSING OF ITS NINTH UK FUND ON GBP430M UK private equity firm ECI has closed its ninth UK buyout fund, ECI 9, on GBP430m after only five months of marketing. Its previous fund, ECI 8 closed in 2005 on GBP258m. SECONDARIES According to a review published by Cogent Partners of secondary market pricing, the average secondary market price as a percent of NAV has declined significantly during 2008. It has fallen from 84.7% in the first half of the year to 61% in the second half. 3i – RESIGNMENT OF PHILIP YEA Global private equity firm 3i has announced the decision of Philip Yea to resign as CEO of the quoted firm after nearly four years in the position. The firm’s share price fall during last year (~75%) seems to be one of the reasons. Michel Queen, Head of Infrastructure and 20-year firm veteran will replac... CLESSIDRA – ACQUISITION AGREEMENT OF A 20% STAKE IN ROBERTO CAVALLI Italian Private Equity firm Clessidra has agreed to buy a 20% stake in Roberto Cavalli, Italian fashion house, for an undisclosed sum PRIVATE EQUITY INTELLIGENCE – PRIVATE EQUITY FIREPOWER REACHES $1 TRILLION According to Private Equity Intelligence, private equity firms (including buyout, venture, real estate, etc.) have more than $1 trillion (€760bn) for dealmaking. Private equity firms raised $554bn in 2008 compared to a record $652bn in 2007. From that, buyout funds raised the most capital with $216bn in... CANDOVER HIRES FREDRIK ARP AS SENIOR ADVISOR European buyout firm Candover has appointed Fredrik Arp as senior advisor for the Nordic region. Arp is the former chief executive officer of Volvo