Private equity and VC investors have been pouring capital into Brazil as investment dollars going to Latin America rose more than six-fold over the prior year, to $17.2 billion in 2010, according to Venture Equity Latin America, sister publication to peHUB.com. But as investors seek to ready even more capital for deployment, it seems as if a Brazilian bubble is building, and it could be time to direct capital into other regions that also have sustainable growth potential.
As Brazil’s economy expands, its currency has been subject to inflation, as the real has appreciated about 50% in two years’ time, driving up the price of assets....
Evanston, Ill.-based private equity firm Industrial Opportunity Partners said that its platform company Center Manufacturing has acquired Moeller Products Co. . Moeller is a producer and supplier of engineered assemblies and components to OEMs of diesel engines and diesel-powered medium-duty and heavy-duty equipment. Moeller is based in Greenville, Miss. Capital One Leverage Finance Corp. provided senior debt; Patriot Capital provided junior debt. Terms of the transaction were not disclosed.
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Lightyear Capital, along Insight Venture Partners, has agreed to sell ARGUS Software to Altus Group for $130 million. The deal is expected to close in second quarter. Lightyear, a New York PE firm that focuses on financial services, invested in Realm Business Solutions in 2006 which it then renamed ARGUS.
Michel Léonard, the former CEO of the Bongrain Group, has joined Trilantic Capital Partners as an operating partner. Léonard will advise on investments in the food and consumer goods sectors. He will be the sixth operating partner to join Trilantic Capital, which is the former Lehman Brothers Merchant Banking.
The Durham, N.C.-based marketing consultancy CMG Partners, has brought aboard Todd Redmon as a director, focused on the private equity community. Before joining CMG Partners, Redmon was a Principal at Vinings Growth Partners, a boutique provider of strategy, corporate development and operations improvement consulting, M&A transaction advisory services, and fractional leadership support for private firms, hedge funds, asset […]
Dallas-based private equity firm Baymark Partners has acquired Computer Integrated Services Company of New York. Sperry, Mitchell & Co. advised on the transaction to Computer Integrated Services; the company’s founders Michael Zepernick, Thomas Horne and Todd Hershman will retain a stake in the company after the deal is completed.
Star Avenue Capital, the growth equity firm formed by Irving Place Capital and Creative Artists Agency, has added Craig Elson as a managing director. Elson’s experience includes working with Banc of America Capital Investors, the predecessor to Ridgemont Equity Partners, and the Turner Broadcasting System.
The numbers are in, and the biggest buyout deal by a U.S. sponsor in Q1 was...the $5.3 billion take-private of Del Monte Foods Co., by KKR, Vestar Capital and Centerview Partners. To find out who rounded out the Top 10, below sister magazine Buyouts has put together a slideshow (with data from publisher Thomson Reuters as of March 25). Some interesting highlights:
Scott Adelson has spent more than two decades at Houlihan Lokey, an IB known for its restructuring work, fairness opinions and middle market advising. Adelson, who is co-head of the corporate finance unit, is a "big picture" guy who can speak on everything from the IPO markets to what is happening in Japan. Adelson spoke to me by phone recently.