Connie Loizos

Columbus, Ohio-based American Electric Power and its unregulated subsidiary AEP Retail Energy announced today that the company has reached an agreement to acquire Chicago-based BlueStar Energy Holdings and its independent retail electric supplier BlueStar Energy Solutions. The terms of the agreement are not being disclosed. PRESS RELEASE: American Electric Power (NYSE: AEP) and its unregulated subsidiary […]

The Chicago-based private equity firms Promus Equity Partners and Generation3 Capital have purchased certain assets of LogicMark, a Fairfax Station, Va.-based company that makes personal medical alarm systems. (LogicMark says at its site that it has been acquired.) Terms of the transaction aren’t being disclosed. PRESS RELEASE: Chicago, Illinois, December 30, 2011 – Promus Equity Partners, […]

Gen 22 II Fund Services, a private equity fund administrator based in New York, has announced the promotions of three people to managing director:  Ariel Jorge, Rose Kim, and Michael Tesoro.  Jorge joined Gen II from Citi Private Equity Services, Inc., where he served as a VP. Kim and Tesoro were both previously VPs at Credit Suisse Alternative Investments. An earlier version of this story misidentified the firm.

3M, the Minneapolis-based company known best for its Scotch tape and Post-It notes, is acquiring the office and consumer products business of Pasadena, Calif-based Avery Dennison Corp. for $550 million in cash. The unit makes labels, binders, and HI-LITER markers, among other things. PRESS RELEASE: 3M announced today that it has entered into a definitive […]

Denver-based MarkWest Energy Partners has announced plans to acquire the 49% of MarkWest Liberty Midstream & Resources that it doesn’t already own from the Energy & Minerals Group. MarkWest already has extensive natural gas gathering, processing, and transmission operations in the southwest, Gulf Coast, and northeast regions of the United States, including the Marcellus Shale. PRESS RELEASE: […]

Comvest Capital, the West Palm Beach, Fla.-based middle-market private equity firm, has hired Dan Lee as a managing director. Lee was a founding member of Dymas Capital, a middle market lending platform backed by Cerberus Capital. He also cofounded Square 1 Bank’s late-stage lending group, and served as a managing director at Kugman Partners, among […]

Grey Mountain Partners, a Boulder, Colo.-based private equity firm, has acquired a majority interest in Norcross, Ga.-based Stratix Corp., which sells mobile software and services. Terms of the deal were not disclosed. PRESS RELEASE: Grey Mountain Partners (“Grey Mountain”) has acquired a majority interest in Stratix Corporation (“Stratix”). Headquartered in Norcross, Georgia, Stratix Corporation provides […]

Core Capital Group, a Colorado Springs, Colo-based investment bank, has brought aboard Joel Gheen as a business development manager. PRESS RELEASE: Core Capital Group, a global investment banking firm, has announced the addition of Joel M. Gheen, Business Development Manager, to its staff. Joel will lead the business development division of Core Capital Group with […]

The Hong Kong-based private equity firm CVC failed to reach a deal with creditors to refinance A$2.6 billion ($2.7 billion) of debt in Nine Entertainment, sources said on Thursday, putting the future ownership of the Sydney, Australia-based media network in doubt. REUTERS NEWS: Private equity firm CVC failed to reach a deal with creditors to […]

CIT Group, which provides lending, leasing and other financial and advisory services to the small business and middle market sectors, announced today it was among the providers of a senior secured credit facility that TA Associates, the middle-market PE firm, used to acquire CoSentry, an Omaha-based IT infrastructure services company. PRESS RELEASE: CIT Group Inc. […]