Barry Whyte
Private equity firms The Carlyle Group and Kennet Partners have sold out of FRSGlobal, a Brussels-based financial reporting and risk management business. The financial terms of the deal were not disclosed. FRSGlobal was bought by Wolters Kluwer Financial Services, a Minneapolis-based risk management company.
Investment firm Partners Group, based in Zug, Switzerland, has provided subordinated debt financing of AUD 27 million ($25 million) for the Newcastle Coal Infrastructure Group to build a new coal export terminal in New South Wales, Australia. The bulk of the coal is mined for export and NCIG plans to expand the capacity of the […]
Hilkka-Maija Katajisto will leave her position as CapMan Group’s head of HR and resign as a member of the CapMan board at the end of the year, according to the company. Katajisto joined the company in 2006 and joined the board in 2007. Niko Haavisto will act as a temporary replacement until her successor is found.
Energy & Minerals Group is attempting to buy the Canadian mining company Baffinland Iron Mines. The deal would value the company at C$274 million ($265 million) and give Energy & Minerals access to a key mine in the Canadian Arctic. Energy & Minerals already holds a 6 percent stake in Baffinland.
Private equity fund Mid Europa Partners intends to buy another 25% of Slovenia’s largest food retailer, Mercator, according to Slovenian news reports.
Vue, Britain’s third-largest cinema chain, is looking for new private equity backers in a deal that could be worth 400 million pounds ($627 million). Cinemas in Britain are owned predominantly by private equity groups: Terra Firma owns the largest group, Odeon, while Cineworld, in second-place, is owned by Blackstone.
The CalCEF Clean Energy Angel Fund has raised $11 million to invest in early-stage clean energy companies. The angel fund was launched in 2008 by the California Clean Energy Fund. One of the investors for the angel fund in this round of investment was the PCG Clean Energy & Technology Fund.
Martyn Curragh has been appointed leader of PwC LLP’s U.S. Transaction Services practice. Curragh, who was been at PwC for 20 years, takes over from John McCaffrey.
AXA Private Equity will sell Eliokem International to Omnova Solutions for EUR227.5 million ($302 million). Omnova, the Ohio-headquartered producer of commercial furnishings, plans to combine Eliokem with its performance chemicals segment. The company will raise $425 million in debt to fund the deal, which include all of Eliokem’s debt.
Thompson Publishing Holdings Co has filed for Chapter 11 bankruptcy, according to court filings. The company has assets between $10 million and $50 million and liabilities estimated between $100 million and $500 million.