PEI Staff
Blue Ridge Partners hired Moti Shahani as a managing director and Vincent Schuller tot Peursum as a principal in the firm’s London office. Shahani was previously a London-based independent consultant focused on accelerating growth for a wide range of companies. Schuller tot Peursum recently returned from Dubai, where he founded and led Deloitte's commercial due diligence practice in the Middle East and North Africa region.
Johnson Electric Holdings Ltd will acquire AML Développement, a holding company that owns AML Systems, for 65 million euros ($72.6 million). Syntegra Capital owns a majority of AML Systems, a French supplier of vehicle headlamp systems.
Antares Capital provided a $145 million loan to support Liberty Hall Capital Partner’s acquisition of AIM Aerospace. Liberty Hall previously announced it bought Renton, Washington-based AIM Aerospace, a supplier of composite parts for the aerospace industry, for $220 million.
Patriarch Partners LLC will step down as collateral managers of the Zohar funds, Lynn Tilton, the firm’s chief executive officer, said in a statement. The funds -- Zohar CDO 2003-1 Ltd, Zohar II 2005-1 Ltd and Zohar III --contain loans in distressed companies. Tilton also announced that Patriarch will abandon its attempts to force Zohar I into involuntary bankruptcy.
Centrica and its joint venture partner EIG Global Energy Partners will sell three UK wind farms -- Glens of Foudland, Lynn and Inner Dowsing -- to a consortium comprising the UK Green Investment Bank and BlackRock. The sale is worth 423 million pounds ($611.7 million). After repayment of debt, Centrica’s net share of the proceeds will be about 115 million pounds.
MidOcean Partners sold portfolio company The Allant Group Inc, an advertising data and analytics firm, to Vencap Technologies. The company will now operate under the name Allant Group LLC. Financial terms were not disclosed.
GTCR entered into a partnership with Ed Fiorentino to form TerSera Therapeutics LLC, a company that will focus on acquiring specialty pharmaceutical companies and products. Fiorentino is the former chief executive officer of a GTCR-backed company. GTCR's investment in TerSera will be made from GTCR Fund XI, a private equity fund with $3.85 billion in capital commitments.
Linsalata Capital Partners acquired a majority interest in H.H. Franchising Systems Inc (Home Helpers), a Cincinnati-based franchisor of in-home care. The acquisition is the sixth investment out of Linsalata Capital Partners Fund VI LP, a $427 million fund focused on lower middle market transactions. Terms of the deal were not disclosed. Livingstone Partners advised Home Helpers on the deal.
In Second Opinion, Viacom names Dauman executive chairman, Apple ordered to pay $625 million in a patent lawsuit, and Martin Shkreli invokes the Fifth Amendment before Congress
General caution on the venture capital environment appears to be easing, according to Mark Cannice at the University of California, who assembles the index. The Silicon Valley Venture Capitalist Confidence Index grew for the fourth quarter of 2015, ending a three-quarter decline in confidence. The index rose to 3.59 on a five-point scale from 3.39 […]