KBC Private Equity has reached an agreement with KeBeK I, a newly established private equity investment fund managed by KeBeK Management NV, regarding the sale of the major part of KBC PE's remaining private equity portfolio. KeBeK Management NV has launched KeBeK I with the backing of LGT Capital Partners.
FleetCor Technologies has completed its previously announced purchase of approximately 3.85 million shares of FleetCor common stock at $51.91 per share pursuant to a share repurchase agreement with certain of its private equity shareholders associated with Summit Partners and Bain Capital. The share repurchase was effected in a private transaction and FleetCor funded the $200 million aggregate purchase price with borrowings under its credit facilities.
Calera Capital has acquired Competitor Group, a global media and event entertainment company. The deal represents Calera’s seventh investment from Fund IV.
Sun Capital Partners has completed the acquisition of Polycom's Enterprise Wireless Communications business. The acquired business operates under the SpectraLink and KIRK telecom brands.
British retail billionaire Philip Green is in advanced talks with a U.S. private equity firm over the sale of a 25 percent stake in high street chain Topshop and Topman, a source familiar with the matter told Reuters.
ICV Partners of New York, a private equity firm focused on lower middle market companies, has acquired San Ramon, Calif.-based Safe Security, maker of residential and commercial security alarm systems. Terms of the deal were not disclosed.
BDO, the accounting and consulting organization, has named Todd Kinney Relationship Director for the firm's national private equity practice. In the role, Kinny, who joined BDO in 2003, will be responsible for implementing the firm's private equity industry growth strategy by sourcing new PE clients and opportunities.
HealthcareSource, a Woburn, Mass.-based, healthcare industry focused software company, has acquired 17-year-old NetLearning, a maker of learning management software for the healthcare industry. Terms of the acquisition aren't being disclosed.
New York Life Capital Partners, a wholly-owned investment boutique of New York Life that manages approximately $9 billion of private equity assets, including equity co-investment, mezzanine, fund of funds programs and separate accounts, today announced that the firm has renamed itself GoldPoint Partners.
Sol Systems, a Washington, D.C.-based solar finance firm, has added two people to its board of advisors: Jonathan Silver and Ed Feo. Silver has worked within the federal government, leading investments in clean and renewable energy; he has also cofounded a venture capital firm called Core Capital Partners. Feo is the managing director of USRG Renewable Finance, the renewable-energy-focused private equity firm. Sol Systems has also hired Stephanie Smith as general counsel and EVP for operations. Smith was previously an associate at Cooley LLP.