Eamon

(Reuters) – British private equity firm 3i Group (III.L: Quote, Profile, Research, Stock Buzz) said Jonathan Russell, one of its top dealmakers, would leave as part of a shake up announced on Friday that will combine two of its key divisions. Russel, who as head of buyouts was responsible for over 5 billion euros ($6.5 […]

(Reuters) – Malaysian private equity firm Navis Capital Partners said on Friday it has sold Malaysia-based rubber products maker Linatex to British engineering firm Weir Group (WEIR.L: Quote, Profile, Research, Stock Buzz) PLC for $200 million. Navis bought Linatex from Elements PLC in late 2005 for $31.4 million and moved the business from Britain to […]

Navigation Capital Partners of Atlanta’s James Brown Contracting Inc. acquired Schrader Trucking Co. Inc., a Jefferson City, Tenn.-based dry van truckload carrier. Schrader has 95 trucks and 201 trailers. It operates in the Southeast as well as in the Midwest, Mid-Atlantic, Texas and Canada.

Wicks Group of Cos. LLC named Carl Fazio chief financial and operating officer of its portfolio company Antenna Audio. Fazio is a seasoned financial and operating executive with over 25 years of experience in the information and media industries, Wicks said.

Evercore Partners Inc.’s offering of about 2.64 million Class A common shares was priced at $27.50 a share. The investment banking advisory firm plans to sell about 2.56 million of the securities, which would provide approximately $67 million in proceeds to Evercore. Goldman, Sachs & Co. and Evercore Group L.L.C. are acting as the joint book-running managers.

Jones Energy acquired certain oil and natural gas properties primarily in Ellis County, Okla. for of $33 million. The properties have a current daily production rate of 530 BOE and an incremental 6,700 MBOE attributable to identified drilling locations. Metalmark Capital made its initial investment in Jones Energy in December 2009.

(Reuters) – Dubai International Capital (DIC) has asked creditors for a further delay in repaying a $1.25 billion loan until the end of November, two people familiar with the situation said. The private equity arm of the investment vehicle owned by the ruler of Dubai, also presented an outline of a debt restructuring plan that […]

(Reuters) – Private equity firm Oak Hill Capital is selling 12 million shares in British data-centre operator TeleCity Group Plc (TCY.L: Quote, Profile, Research, Stock Buzz) in an offering, the bookrunner said on Wednesday. Goldman Sachs International is acting as the sole bookrunner on the offering and pricing is expected on Thursday, it said. TeleCity […]

(Reuters) – KCA Deutag, the drilling contractor owned by British-based oil industry services company Abbot Group [TRBTAG.UL], will meet lenders on Friday to discuss a revised business plan, senior investors said on Thursday. KCA Deutag was expected to reach agreement with lenders on its $2.16 billion debt as it seeks to avoid an anticipated covenant […]

Clearwater Paper Corp. agreed to acquire Cellu Tissue Holdings Inc., a maker of tissue products, in an all-cash transaction which values Cellu Tissue at about $502 million, including roughly $255 million of debt. The deal is expected to close in the fourth quarter. Weston Presidio V LP, which acquired the Cellu Tissue in 2006, agreed to vote in favor of the transaction.