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(Reuters) – Specialist investment firm Polar Capital has bought financial funds manager HIM Capital Holdings as part of its strategy to grow by attracting new investment talent and building specialist expertise. The price was not disclosed but was funded by a mixture of cash and shares, sources close to the company said. It is Polar’s […]
(Reuters) – France’s Casino (CASP.PA: Quote, Profile, Research, Stock Buzz) and Britain’s Tesco (TSCO.L: Quote, Profile, Research, Stock Buzz) are among the bidders still in the running to buy Carrefour’s (CARR.PA: Quote, Profile, Research, Stock Buzz) stores in Southeast Asia, people close to the matter said on Wednesday. Carrefour, Europe’s No.1 retailer, has set a […]
(Reuters) – Buyout house Montagu is set to buy cloud computing firm Host Europe from listed investment firm Oakley Capital (OCL.L) as the European firm spends remaining funds before setting about raising new capital. Montagu will pay 222 million pounds ($344.1 million) for the business, which offers web hosting, domain registration and web-based software to […]
Credit Suisse’s asset management division agreed to acquire a minority interest in York Capital Management, which will continue to operate independently under the leadership of founder and CEO Jamie Dina and CIO Dan Schwartz. Credit Suisse will pay an initial $425 million for its interest in York. The transaction includes an earn-out payments based on five-year financial performance.
Cantor Fitzgerald & Co. named Garett Stoffels and Steven Tuch as Co-Head of its Private Capital Group within the firm’s Investment Banking department. Stoffels was managing director at Bear Stearns. Tuch was managing director at Deutsche Bank.
TowerBrook Capital Partners, L.P. agreed to sell portfolio company The Broadlane Group Inc. to MedAssets Inc. for $850 million in cash. Broadlane providescost management solutions to the U.S. health care industry. The transaction is expected to close within 60 to 90 days. TowerBrook acquired Broadlane in August 2008.
TA Associates named Dhiraj Poddar as a director of TA Associates Advisory Pvt. Ltd. He will work from the Mumbai office and will focus on investments in growth companies in India and other emerging markets. He was previously a director at Standard Chartered Private Equity.
(Reuters) – TPG Capital [TPG.UL], one of the world’s biggest private equity firms, is close to buying a 10 percent stake in bank VTB (VTBR.MM) from the Russian government for $2.4 billion-$3.1 billion, newspaper Kommersant reported on Tuesday. Russia plans to raise some $29 billion in asset sales over the next three years in its […]
Green Mountain Coffee Roasters Inc. agreed to acquire all the outstanding shares of LJVH Holdings Inc. (Van Houtte), from an affiliate of Littlejohn & Co. LLC for C$915 million, or $890 million, based on the exchange rate as of Sept. 13. The transaction is expected to close by the end of 2010. Van Houtte is […]
Bridgepoint Capital Ltd. named Stuart Rose to its European Advisory Committee. Rose is the outgoing chairman of Marks & Spencer. He held this post since June 2008.