Eamon

LPL Investment Holdings Inc. sold 15.7 million shares for $30 each through an IPO, Reuters reported. LPL Investment had planned to sell 15.6 million shares and the IPO price came in at the high end of the anticipated $27-to-$30-a-share range. LPL Investment raised $469.7 million and has a market value of more than $3.2 billion. However, the Boston, Mass.-based company initially filed to raise as much as $600 million. The offering allows TPG and Hellman & Friedman to cut their equity stakes to about 32 percent each from 36.3 percent, Reuters reported. LPL Investment’s shares will change hands on Nasdaq under the "LPLA" symbol.

Barclays Plc of the U.K. plans to spin off its private equity arm. Reuters reported the business will go to the managers of the fund in return for a share of future profits, according to a person familiar with the matter. The buyout of Barclays Private Equity will not take place until after the first closing of its latest fund sometime next year, the source told Reuters.

Levine Leichtman Capital Partners acquired Santa Cruz Nutritionals. The deal was completed in partnership with the management of the California-based maker of nutritional and dietary supplements. Financial terms were not disclosed. Swander Pace Capital was the seller.

Financiere Tintoretto SA launched a formal process to sell its 69 percent stake in Gruppo Coin, Reuters reporter. PAI Partners SAS of Paris, France is the majority owner of Financiere Tintoretto. Mediobanca SpA and UBS Italia SIM SpA were hired to advice on Financiere Tintoretto on the sale. (Reuters) – The majority shareholder in Gruppo […]

Hythiam Inc. raised $6.9 million in gross proceeds through a private placement of common shares and senior secured convertible debt. Socius Capital Group LLC of Colorado, which is an affiliate of Hythiam’s Chairman and CEO Terren S. Peizer, participated in the placement. The funds will provide Hythiam with working capital to deliver services under existing agreements and contracts currently in negotiation.

Cascade Bancorp signed several Securities Purchase Agreements to sell about $177 million of its shares. The Bend, Ore.-based company reached agreements with David F. Bolger, an affiliate of Leonard Green & Partners LP 's, an affiliate of Lightyear Fund II LP, and private equity funds affiliated with WL Ross & Co. LLC. After the close, Leonard Green, Lightyear, and WL Ross will each own 24.35 percent of Cascade Bancorp. Bolger will own 14.01 percent of the business.

Renwood Opportunities Fund acquired the assets of State Industries Inc. Renwood is a partnership formed by Rosewood Private Investments and Renovo Capital. State Industries designs and makes wood panels and related components used in furniture, store fixtures and architectural interiors.Rosewood Private Investments is the private equity arm of Rosewood Corp.

Advent International of Boston, Mass., completed its purchase of Tinsa. Advent International took a 94.5 percent stake in the Spanish property valuation firm. The remaining stake will be held mainly by a management team. The transaction is valued at EUR100 million.

Taiwan’s broadcast regulator cleared the proposed sale of Carlyle Group ‘s cable television unit for T$36 billion ($1.2 billion). Reuters said the approval comes months after the Washington, DC-based private equity firm switched the sale to the Tsai family, who made promises including an investing of about T$5.3 billion to digitalize Taiwan’s top cable TV […]

Ares Life Sciences AG plans to acquire the remaining 54.1 percent it does not already own in of allergy specialist Stallergenes for 59 euros ($79.70) a share, Reuters reported. Ares Life is a Switzerland-based health investment fund. The offer is mandatory after Ares Life bought a 45.9 percent stake of Stallergenes from Wendel Investissements SA.