Terry Wetterman and John DiOrio have joined private equity placement agent BerchWood Partners as a vice president and analyst, respectively. Wetterman previously worked in the private equity funds group of Merrill Lynch, while DiOrio was with Monument Group.
NEW YORK (Reuters) – A U.S. judge said he would rule by the end of March on whether or not to grant a request by Citigroup Inc (C.N) to move a lawsuit by Terra Firma Capital Partners Ltd to London in a dispute over the buyout house’s acquisition of EMI. Terra Firma Chairman and Chief […]
Charles Stiefel, former chairman and CEO of Stiefel Laboratories, has joined RoundTable Healthcare Partners as a senior advisor.
Molly Simmons has stepped down as a managing director with Gemini Investors, in order to join Tonka Bay Equity Partners. An official announcement is expected shortly. In an email to friends and colleagues, Simmons wrote: Tonka Bay Equity Partners is a veteran private equity firm focused on recapitalizations, buyouts and growth capital transactions in middle […]
NEW YORK (Reuters) – Auto parts maker Tower International Inc filed for an initial public offering worth up to $100 million on Thursday. Livonia, Michigan-based Tower makes structural metal parts for cars such as body structure stampings, frame and chassis structures and complex welded assemblies. It also recently entered into an agreement to make large […]
LONDON (Reuters) – More buyers could hijack planned flotations at the last minute after Prudential’s surprise purchase of AIG’s Asian life insurance unit showed the benefits of such “dual track” disposals. The assurance of a direct sale compared to the uncertainty of selling a minority stake and braving the equity market can be hard to […]
Loren Boston has joined C.P. Eaton Partners as a managing director, and head of the firm's global private equity fundraising business. He previously was managing director and global head of origination for for Merrill Lynch’s private equity funds group.
NorthgateArinso, a KKR portfolio company that provides HR software and services, has agreed to acquire the HR management unit of Convergys (NYSE: CVG). The deal is valued at $100 million in cash, including an $85 million up-front payment.
Mike Callow has joined the London office of European tech advisory Clipperton Finance. He previously was with private equity firm Kennet Partners.
Pregis Corp., a Deerfield, Ill.-based supplier of protective packaging solutions, has acquired IntelliPack, a Tulsa, Ok.-based developer of foam-in-place packaging technology. No financial terms were disclosed. Pregis is a portfolio company of AEA Investors, while VentureWire reports that IntelliPack has raised VC funding from Red River Ventures and First Capital Group.