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 […]
Newly formed Securadyne Systems and Pamlico Capital have completed the acquisition of Dallas-based security systems integrator SecureNet Inc. Terms of the acquisition were not released. Dallas-based Securadyne was founded in February 2012 in partnership with Pamlico. Pamlico is based in Charlotte, N.C. PRESS RELEASE Securadyne Systems, LLC (“Securadyne”) and Pamlico Capital (“Pamlico”) announced today that […]
Pinnacle Foods Group mandated Barclays Capital and Bank of America Merrill Lynch to lead its initial public offering, Reuters reported Thursday. The company will likely use the proceeds from an IPO to repay debt, with private-equity owner Blackstone Group selling down its ownership stake in subsequent sales, Reuters said. Blackstone acquired Pinnacle Foods in 2007, […]
Goldman Sachs Inc. said it will buy Ariel Re‘s Bermuda-based insurance and reinsurance operations, which will be combined with its existing reinsurance group and operate under the name of Ariel Reinsurance, Reuters reported Thursday. Financial terms of the deal, which is expected to close on April 1, were not disclosed. (Reuters) – Goldman Sachs Inc. […]
New York-based private equity firm Arsenal Capital Partners has acquired Western Institutional Review Board, providing an exit for BV Investment Partners. Terms of the deal were not released. Western Institutional is a provider of information-based services used in the clinical trial process for new drugs and medical devices. PRESS RELEASE Arsenal Capital Partners, a […]
Middle-market buyout shop Huntsman Gay Global Capital has acquired Citadel Plastics Holdings Inc., a maker of specialty compounds for applications in the automotive, health care, electrical, appliance and construction markets. Citadel is based in West Chicago, Illinois. Terms of the acquisition were not released. PRESS RELEASE Huntsman Gay Global Capital, a leading middle market private […]
Navigation Capital Partners, an Atlanta-based lower middle market private equity firm, has formed Stratos Management Systems Inc. The company will acquire and integrate IT and managed services firms focused on hybrid IT environments, including private cloud, virtualization, storage and security, the firm says. The firm also completed its first acquisition with the new business, buying […]