Eamon

(Reuters) – Barclays Capital (BARC.L: Quote, Profile, Research, Stock Buzz) has completed fundraising for a 645 million-pound ($1.03 billion) infrastructure fund, it said on Monday, that will invest in recession-proof social infrastructure projects such as schools, hospitals and prisons. Social infrastructure is considered to be the among the safest of infrastructure assets because cash flows […]

John Maneely Co. completed a restructuring that it expects will position the maker of welded steel pipes to grow through acquisition and to hire more workers. The Beachwood, Ohio-based company, which is a portfolio company of the Carlyle Group, plans to change its corporate name to JMC Steel Group to reflect its core steel pipe and tubular products business.

(Reuters) – U.S. Treasury Secretary Timothy Geithner has written to French economy minister Christine Lagarde warning her against curbing foreign hedge funds in Europe as a row with Washington over new EU controls escalated. The correspondence, sent late on Tuesday and seen by Reuters, increases pressure on Paris to make concessions on new controls for […]

(Reuters) – Private equity firm Kohlberg Kravis Roberts & Co (KKR.N) has bought a 9 percent stake in India’s Avantha Power & Infrastructure Ltd for 2.17 billion rupees ($49 million) ahead of the utility’s IPO, the Economic Times said. Avantha Power, part of billionaire Gautam Thapar-led Avantha Group, has issued 64 million shares at 34 […]

EXFO Inc. sold its life sciences and industrial division to The Riverside Co. of New York for $24.3 million in cash. The purchase price is subject to adjustments for minimum working capital requirements. The division sold is based in Toronto, Canada and generated sales of $4.3 million for the fiscal year ended Aug. 31.

Praesidian Capital LLC of New York invested $6 million in Meta Pharmaceutical Services LLC. The investment took the form of subordinated debt. The investment supports Meta Pharmaceutical’s recapitalization by DFW Capital Partners and management. Meta Pharmaceutical is a Pennsylvania-based company that provide sales and marketing data services.

NuCO2 and Praxair Inc. formed a strategic alliance that includes a long-term supply agreement for NuCO2's purchase of bulk CO2 and beverage carbonation related high pressure cylinder gases from Praxair. NuCO2 also acquired certain of retail beverage carbonation business assets in the U.S. from its new partner. NuCo2 is a supplier of beverage carbonation services. It is owned by Los Angeles-based Aurora Capital Group.

Orhan Holding AS of Turkey names Larry A. Denton president of its wholly owned Nobel Automotive Group subsidiary. Denton will direct all strategic and growth initiatives. Before joining Nobel Automotive, he founded Denton Consulting, a firm that provides operational and strategic advisory services to private equity funds and transportation industry businesses.

Federal Capital Partners and New York-based Angelo, Gordon & Co. sold the Grove Park, which is a 684-unit garden-style residential community in Gaithersburg, Md and the 858-unit Charleston Manor apartment community in Ellicott City, Md. Grove Park was sold to an affiliate of Avalon Bay. An affiliate of Home Properties is now the owner of Charleston Manor.

TRI Pointe Homes LLC formed a partnership with a Starwood Capital Group Global LP affiliate. The partnership provided TRI Pointe, a California-based homebuilder, with $150 million. TRI Pointe plans to use the capital to expand its operations in California and the Western region. Starwood Capital of Connecticut has about $16 billion in assets under management.