Nahla A. Azmy has been named managing director of investor relations at Energy Capital Partners LP, based in Short Hills, N.J. Azmy was previously at NRG Energy, which announced that Chad S. Plotkin would succeed him there as vice president of investor relations. David Blechman has joined H.I.G. Capital as a managing director in the […]
The Sterling Group has acquired Liqui-Box Corp. from DuPont. Financial terms were not announced. Liqui-Box is the fourth business Sterling has bought from DuPont. Worthington, Ohio-based Liqui-Box supplies bag-in-box flexible packaging to the global dairy, beverage and bulk food markets. BNP Paribas and BMO provided senior debt while Oaktree Capital Management supplied mezz debt.
A majority of middle market dealmakers think Mitt Romney would do the best job of reviving the U.S. economy. ACG New York asked dealmakers--which include private equity execs, attorneys, investment bankers, and lenders, etc. -- which Republican candidate was best suited to help resurrect the flailing U.S. economy. More than half, or 51.1%, picked the former Bain Capital founder, while nearly 29% chose Newt Gingrich. A small group, 13.3%, picked John Huntsman, while a minute 3.3% went for Ron Paul.
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Private equity-backed Presidio Inc. has completed its acquisition of INX Inc. Terms of the deal were not released. Going forward INX will operate as a subsidiary of Presidio Networked Solutions. Presidio is owned by middle-market buyout shop American Securities.
Citigroup is selling its retail business in Belgium to Credit Mutuel Nord Europe, Reuters reported earlier this week. Terms of the deal were not released. Citigroup has had operations in Belgium since 1919. The deal is expected to close in the second quarter of 2012.
Evercore Partners Inc. has completed its acquisition of a 45% non-controlling interest in ABS Investment Management, the firm announced Thursday. ABS Investment Management is an institutionally focused equity long/short hedge fund-of-funds manager. ABS has offices in Greenwich, Zurich and Hong Kong.
Main Street Capital Corp. has exited its debt and equity investment in Merrick Systems Inc., the company announced. Main Street Capital exited when HitecVision, a Norwegian-based private equity investor, took a majority stake in Merrick. Publicly traded Main Street provides long-term debt and equity capital to lower middle market companies.
As we close out 2011—the year of the daily deal overvaluation, the inability of private equity to get “good ol’ days” financing, the onset of the angel investor gold rush—it’s time to lay down some prognostications and punditry for the new year. We’ve got a comments section (or, feel free to chime in here), so […]
Grupo de Inversiones Suramericana, or Grupo Sura, said Thursday that it has closed its deal to buy the Latin America assets of ING Group. The deal was announced on July 25 and regulatory authorities in in Colombia, Mexico, Chile, Peru and Uruguay have approved the deal, according to the statement issued late Thursday. General Atlantic is part of the deal and is investing $300 million. The growth equity firm is joining Grupo Bolívar, IFC and Bancolombia, which are investing $1.05 billion. In a separate statement, ING Group said total consideration for the deal amounted to about 2.65 billion EURO (US$3.4 billion), including 65 million in assumed debt.