(Reuters) – Global private equity firm Carlyle Group has raised 3.2 billion yuan ($495 million) for its projected 5 billion yuan China fund, launched last year, the firm said in a statement. The fund, Beijing Carlyle Investment Center L.P., has become the first foreign fund to be registered with China’s National Development and Reform Commission […]
ACON Latin America Opportunities Fund has completed its acquisition of Colombian waste management company Aseo Urbano S.A., the firm announced Thursday. ACON bought the company from Urbaser of Spain and Raygar International, a private U.S. holding company. Terms of the deal were not released.
Nordic Capital has dropped out of the running to buy Swedish cable television operator Com Hem, Reuters reported. Buyout shop CVC dropped out earlier in the process. Final bids are due this week, and Cinven and rival BC Partners are expected to table binding bids for the cable firm, Reuters wrote. The company is expected to fetch as much as 18 billion Swedish Crowns ($2.7 billion), Reuters said.
New York-based private equity shop JLL Partners has completed the sale of its portfolio company PharmaNet Development Group to inVentiv Health Inc. JLL acquired PharmaNet in 2009. inVentiv Health is an affiliate of Thomas H. Lee Partners. PharmaNet provides drug development services to the pharmaceutical, biotechnology, generic drug, and medical device industries.
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Mining equipment maker Joy Global Inc. is in talks to buy private equity-backed International Mining Machinery Holdings Ltd., a maker of coal-mining equipment in China, Reuters reported Thursday. IMM is currently controlled by private equity firm Jordan Co. The company’s market capital it roughly $1.1 billion.
Evolution Benefits, which is backed by Genstar Capital, has completed its buy of Lighthouse 1. Financial terms weren't announced. The combined companies, called Evolution 1, will serve more than 7 million consumers and manage HSAs, HRAs, FSAs, and Transit Plans.
Eaton Partners, the placement agent, has added staff in London, Shanghai, and in its Connecticut offices. Joseph Scanlon and Ajay Ahujabased in Rowayton, Silvia Calvo-Alcala and Charles Vernudachi based in London, and Chris Lerner, based in Shanghai, have all recently joined Eaton Partners to support the firm’s operations, and strengthen its global origination, execution and distribution capabilities.
Doug Stevenson will step down as CEO of Vibrant Media, the advertising company backed by ABS Capital Partners, and co-founder Craig Gooding was named non-executive chairman and will serve as strategic counsel. CFO Jeff Babka will run day-to-day operations as COO.
Former Oklahoma Congressman J.C. Watts will join Farragut Capital Partners as a senior partner and will work on the Farragut Mezzanine Partners III Fund. Watts will provide counsel to the firm’s investment principals. He will also contribute to Farragut’s marketing and fundraising efforts.