The Carlyle Group says it will buy an 85% stake in Brazil toy store chain Ri Happy Brinquedos, with plans to pour 200 million reais ($117 million) into the business in the next three years, Reuters reported. Terms of the deal were not released. Ri Happy was founded in 1988 and has 114 stores and […]
Kennametal Inc. has completed its acquisition of Deloro Stellite Group, buying the company from private equity firm Duke Street. Terms were not released. Deloro Stellite is a manufacturer and provider of alloy-based critical wear technology for extreme environments involving high temperature, corrosion and abrasion. PRESS RELEASE Kennametal Inc. KMT +1.11% announced today that it has […]
The Carlyle Group and Vestar Capital Partners have raised 130 million pounds ($208 million) from the sale of their remaining 11.6 percent stake in speciality chemicals company AZ Electronic Materials, Reuters reported Friday. They have been gradually reducing their stakes since listing AZ Electronic, which makes chemicals for Apple’s iPad displays, in October 2010. (Reuters) […]
McCarthy Capital, an Omaha, Nebraska-based middle-market private equity firm, has hired Michael McGovern as a principal, working out of the firm’s Boston office. McGovern joins McCarthy from Wincove Capital, a lower middle market PE firm that he cofounded in 2008. Previously, McGovern was a partner at Hampshire Equity Partners, a NY-based PE firm where he spent […]
DataCede, a Princeton, N.J.-based consulting and outsourced processing firm catering to insurance carriers, reinsurers, government regulators and state agencies, has completed its acquisition of Strategic Initiatives Management Group. Terms of the deal were not disclosed but as part of the transaction, Holly Bakke, once New Jersey’s Commissioner of Banking and Insurance a founder of Strategic Initiatives […]
The Palo Alto, Calif.-based buyout shop announced today that it has bought plastics composite company Citadel Plastics Holdings Inc. from Wind Point Partners.
FocalPoint Partners, an L.A. and Chicago-based investment bank, has hired Muizz Kheraj, head its technology, media, and telecom practice. Kheraj spent the last five years in the technology/media/telecom and business services practice at McGladrey Capital Markets. PRESS RELEASE: FocalPoint Partners, an independent investment banking firm with offices in Los Angeles and Chicago, today announced the addition […]
Japanese brewer Asahi is emerging as a frontrunner to buy eastern European brewer StarBev, a sale expected to fetch up to $3 billion for private equity owner CVC Capital Partners, Reuters wrote Friday. CVC bought StarBev in December 2009. (Reuters) – Japanese brewer Asahi is emerging as a frontrunner to buy eastern European brewer StarBev, […]
Sporting what he joked was his "Gordon Gekko" shirt, Irish rock star Bob Geldof cut an unlikely private equity figure on Wednesday as he exalted the industry's virtues and urged top financiers in their annual gathering to invest in Africa.
Platinum Equity has completed the acquisition of DMS Health Technologies from Otter Tail Corporation. Terms were not released. DMS Health Technologies provides mobile, interim and fixed-site diagnostic imaging solutions to hospitals, clinics and other medical providers. PRESS RELEASE Platinum Equity announced today that it has completed the acquisition of DMS Health Technologies from Otter Tail […]