Protector Holdings, a joint venture of Edgewood Partners Insurance Center (EPIC) and Dowling Capital Partners, has bought Peartree Insurance Services. Financial terms weren’t announced. Brea, California-based Peartree provides insurance services to Hispanic consumers.
Summer Street Capital Partners said Wednesday that it recapped Dwellworks along with company management. Permal Capital Management also invested. Financial terms weren’t announced. Kirchner Group was the seller. Cleveland-based Dwellworks provides services for relocating employees and their families.
Natural Gas Partners has committed $400 million in equity financing to the formation of Prairie Storm Energy Corp., which is focused on acquiring, developing and exploiting oil and gas assets in select regions of Western Canada. Hugh Ross is President & CEO of Prairie, Ketan Panchmatia is VP Finance & CFO, Greg Groten is VP Exploration, while Rob Morrison is VP Operations and Julian Din is VP Business Development, a statement said.
Private equity firm Apollo Global Management LLC (APO.N: Quote, Profile,Research, Stock Buzz) is in advanced talks to acquire Protection 1 in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, sources told Reuters News.
Private equity firms Abraaj and TPG Capital have signed a deal to purchase a majority stake in Saudi Arabian fast-food chain Kudu, sources told Reuters.
(Reuters) – PAI Partners, a Paris-headquartered private equity firm, has bought outdoor outfitter AS Adventure Group from British private equity rival Lion Capital LLP, the companies said on Wednesday. The deal values AS Adventure at around 400 million euros ($458 million), according to two sources familiar with the deal. Fabrice Fouletier, partner at PAI, said […]
New Jersey-based ITelagen LLC, a provider of electronic health records solutions for doctors and medical practices, has received funding from GPB Capital Holdings Inc. No financial terms were disclosed.
Quantum Energy Partners, a private equity firm focused on the energy industry, has formed Rio Oil and Gas II LLC with over $350 million in capital commitments. Stacey Cude, a co-founder of Rio II, will serve as president and CEO. Based in The Woodlands and Fort Worth, Texas, Rio II will focus on acquiring and developing oil and gas assets in select North American basins.
Fortress Investment Group has agreed to provide $50 million in financing to Marathon Patent Group. Headquartered in Alexandria, Virginia, Marathon is a patent licensing provider.
Towergate's unsecured bondholders are in discussions to provide fresh money to take control of the troubled UK insurance broker, according to several market sources, Reuters News reported.