Angela Sormani
This Tuesday morning read all about Chicago Teachers' search for a deputy exec director, an analysis of cross border LBOs and the top five European biotech SMEs.
Following its acquisition of a majority stake in food ingredients business Solina, IK Investment Partners has refinanced its debt and signed, in parallel, the acquisition of SFK Food. The business is a Danish provider of culinary and functional solutions for the food industry.
Smart thermostat company tado° has joined forces with HomeServe, a European home assistance provider. tado° is backed by Target Partners.
Moneycorp has been acquired by Bridgepoint from funds advised by SOF Investments. Moneycorp is a specialist foreign exchange provider.
Here's a Labor day edition of First Read including a look at Carlyle's Chinese private equity activity, CalPERS seeking a private equity investment officer II, LPs expanding their alternative asset investment teams and the latest in Asian private equity activity.
Blackstone Energy Partners has backed Tamarind Energy, a new exploration and production company headquartered in Kuala Lumpur. Blackstone Energy Partners has provided a capital commitment of up to $800 million.
Blackstone has backed Black Rhino, an African infrastructure development company. The business was set up to develop and operate large-scale infrastructure projects across Sub-Saharan Africa with a focus on the energy sector.
International logistics, transport and air and sea company Norbert Dentressangle is to acquire third party logistics provider, Jacobson Companies from Oak Hill Capital Partners. The transaction is valued at $750 million.
ArcLight Capital Partners' portfolio company Republic Midstream has partnered with Penn Virginia Corporation to construct and operate a crude oil gathering system, a central delivery terminal complex and an intermediate takeaway pipeline. ArcLight has committed $400 million to Republic Midstream, which will be managed by two of ArcLight's experienced midstream portfolio companies, American Midstream Partners and JP Energy Partners LP.
Two proposed changes to the Income Tax Act in South Africa will have a positive impact on the venture capital industry and stimulate investment into privately owned entrepreneurial businesses in South Africa. A higher investee asset threshold, as well as a permanent investment deduction, will increase the appeal of venture capital as an investment asset class, at the same time giving a boost to small business development and job creation.