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Dunedin Capital Partners, a London and Edinburgh-based mid-market private equity house, has added David Williams as a director. Williams joins from UK-based Graphite Capital, where he was a senior partner.
Oakley Capital Private Equity has acquired an 84% stake in UK-based BDO Investment Management Ltd. from it’s parent company BDO LLP. The deal values the subsidiary at 14 million pounds ($22.6 million). Financial terms of the acquisition were not released. BDO Investment has more than 200 employees and offices across the UK.
London-based Impax Asset Management Group has added 118 million Euro ($168 million) in committed capital for its second private equity fund, Impax New Energy Investors II LP, bringing the total raised to 259 million Euro ($368 million). The fund will focus on renewable energy deals across the European Union.
Indian private equity fund ICICI Venture sold its stake in biotech company RFCL to U.S.-based Avantor Performance Materials, Reuters reported. Avantor paid roughly $100 million for the 85% stake in RFCL, which develops technology for the pharmaceutical and biotech industries. RFCL is based in New Delhi. Avantor is owned by New York-based private equity firm New Mountain Capital.
Dubai Investments Co. plans to sell 30% of its Masharie private equity unit to investors via an initial public offering, Reuters reported. The IPO will launch during the first half of 2011.
Medical device startup MyoScience has added Robert Grant to its board. Grant is the former CEO and president of Bausch & Lomb Surgical and a former president of Allergan Medical, the maker of Botox. Redwood City, Calif.-based MyoScience is developing procedures aimed at preventing and reducing facial wrinkles. MyoScience is backed by investors including De Novo Ventures, Accuitive Medical Ventures, Nexus Medical Partners, Saratoga Ventures and Medicis Capital.
Private equity backed Danish biotech firm Zealand Pharma aims to raise up to $140 million in an initial public offering, Reuters reported. The company will offer nearly 9 million new shares priced between 86 and 120 crowns ($16.2-22.6) each. The company expects its shares to begin trading on the Copenhagen bourse by November 19. Danish private equity firm Sunstone Capital is Zealand Pharma’s largest shareholder.
Federated Media Publishing, a San Francsico and New York-based digital media and online advertising company, has acquired startup Big Tent. Financial terms of the deal were not released. BigTent provides a platform for parents, schools and other community groups to connect online. Federated Media is backed by investors including Oak Investment Partners, Panorama Capital, Omidyar Network, and the New York Times Co..
Private equity giant Warburg Pincus will invest up to $250 million in Gulf Coast Energy Resources, a Houston-based company focused on onshore oil and gas exploration and production. Gulf Coast Energy Resources, which was formed this year, aims to identify and acquire and oil and gas fields across the coasts of Texas and Louisiana.
Fushi Copperweld has received a buyout offer from its chief executive, along with private equity shop Abax Global Capital, Reuters reported. The offer values the Chinese wiremaker at $433.8 million. Abax Global, along with chief executive Li Fu, offered $11.50 per share for the company – a 26% premium over the company’s closing price Tuesday. CEO Li Fu already owns 29.9% of the company, Reuters said.