Pfizer Inc. is buying Excaliard Pharmaceuticals Inc. for an undisclosed amount. Excaliard develops drugs for the treatment of skin fibrosis. Excaliard Pharmaceuticals previously raised venture financing from Alta Partners, ProQuest Investments and RiverVest Venture Partners.
Private equity investor Baird Capital Partners has acquired Digi-Star Holdings Inc., a manufacturer of agriculture scales and weighing equipment. Terms of the deal were not released. The PrivateBank and U.S. Bank National Association provided senior financing for the deal, with Fifth Street Finance Corp. providing mezzanine financing. Digi-Star is based in Fort Atkinson, Wis.
BeavEx has secured a growth equity investment from New York based private investment partnership Eos Partners and its affiliates. The equity investment will enable BeavEx to accelerate its business expansion activities. The company’s management team will continue to own a significant portion of the company. Financial details of the transaction were undisclosed. PRESS RELEASE BeavEx […]
Mid-market New York and Los Angeles based private equity firm Odyssey Investment Partners has acquired TNT Crane and Rigging from MML Capital Partners in a secondary buyout transaction. TNT is a mobile crane rental company serving the Texas, Louisiana and Oklahoma region. Financial terms of the transaction were not disclosed. PRESS RELEASE Odyssey Investment Partners, […]
MBAC Fertilizer Corp. has executed the US$ 40 million loan agreement with International Finance Corporation. The proceeds from the IFC loan will be used by MBAC for the development of the Itafós Arraias SSP Project. PRESS RELEASE MBAC Fertilizer Corp. (“MBAC” or the “Company”) is very pleased to announce that further to the Company’s announcement […]
(Reuters) – U.S. private equity giant Blackstone Group expects to invest roughly $500 million to $720 million a year in India over the next few years, a top official said on Tuesday, as a subdued stock market drives entrepreneurs to other investors. Akhil Gupta, chairman and managing director of Blackstone India, told the Reuters India […]
HFF has arranged a $120 million refinancing for nine hotels in California, Florida, Massachusetts, Minnesota, New Jersey, New York, Pennsylvania and Texas. HFF is a provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF worked on behalf of the borrower, Investcorp, to secure the adjustable-rate loan through […]
Canadian Distinction Group (GDI), a facility services business, has reached an agreement with Birch Hill Equity Partners to take the company private for approximately $153 million, or $4.50 per share in cash. GDI CEO Claude Bigras and Birch Hill will form a new partnership, with Bigras and the existing management team of GDI owning approximately […]
Searchlight Capital, the PE firm founded by former KKR and Apollo execs, is raising $750 million for its first fund, sources say. The pool is fully subscribed, sources say. "They are oversubscribed at their current target and basically closed already," one placement source says. News of the Searchlight fundraising was reported in May 2010 by the Wall Street Journal. The WSJ, at that time, said that Searchlight was marketing for a $500 million to $1 billion fund.
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