Pacific World Corp., which is backed by Levine Leichtman Capital Partners, has completed its buy of Fing'rs (Europe) AG and Fing'rs (Deutschland) GmbH. Financial terms weren't announced. Pacific World provides nail and beauty care products in North America under the Nailene, Fing'rs, Revlon, and Bio Oil brand. Fing'rs Europe also supplies proprietary nail and beauty care products mainly in Europe.
David Solomon was named a managing director of Meritage Funds. Solomon was co-founder of Meritage and has served as an operating partner since the firm's inception. Denver-based Meritage manages private investment funds.
Olympus Partners said Monday that it has bought FFR-DSI from Cortec Group. Financial terms weren't announced. Twinsburg, Ohio-based FFR-DSI designs, markets and supplies merchandising, loss prevention and operational efficiency solutions primarily to retailers and consumer packaged goods companies. The Olympus team on the deal included Jim Conroy, David Haddad, Jason Miller and Sachin Bavishi. John Schoenfeld and Rob Kiburz of Kirkland & Ellis provided legal advice. Chris Williams, John Neuner, Brent Spiller and Chip Duggins of Harris Williams supplied financial advice to Cortec.
Shamrock Capital Advisors, which invests in media, entertainment and communications, closed its third fund at $400 million. The Los Angeles-based PE firm began marketing for the fund in late 2010. It did not use a placement agent but Kathryn Sanders of O’Melveny & Meyers provided legal advice. In conjunction with closing the pool, Michael LaSalle and Andy Howard became partners of Shamrock.
NEW YORK, July 11 (Reuters) – Top shareholders of data processing company DST Systems Inc will meet in New York on Tuesday to discuss management’s recent dismissal of buyout overtures, activist investor Russell Glass said. Glass told Reuters that at least 20 of the largest institutional investors in the company would attend the meeting, which […]
Fundraising is hard but that's not stopping Centre Lane Partners. New York-based Centre Lane, a special situations lower middle market group, is currently marketing for its latest fund, two sources say. One person pegged the pool at $250 million. Capstone Partners is the placement agent. Centre Lane is the former ZM Equity Partners, which manages a total of $500 million. Last year, several execs from Monomoy Capital Partners-- including VPs Mayank Singh and Nathan Richey as well as operating partner David Kreilein-- left to join Centre Lane. The PE firm typically invests from $5 million to $50 million per deal, according to its web site.
Martini Media, the digital media platform backed by Venrock, Reed Elsevier Ventures and Granite Ventures, has acquired TDP Media Group, a London-based digital media firm. Specifics on the transaction were not publicized. The two companies have shared in a joint partnership since December 2010.
SeeChange, the health management and healthcare company, has accepted $20 million from new investor Maverick Capital and existing investor Psilos Group. Eric Kim worked on the investment from Maverick and Al Waxman, from Psilos, worked on the transactions. Other specifics were not publicized.
RWE Deutschland has acquired a 15% stake in Vitronet Group, a German maker of glass fiber infrastructure products. The company’s private equity backer, Ventizz Capital Partners, is selling the 15% stake to RWE, according to a statement Monday. Terms of the sale were not released. The firm, via its Ventizz Capital Fund IV L.P., retains 61% of Vitronet.
China’s Bright Food Group is interested in buying Australian-branded food business Manassen Foods from CHAMP Private Equity, Reuters reported. The two parties are in “advanced talks” about a potential deal, Reuters wrote. CHAMP bought Manassen Foods in 2006.