Art Friedman, former president and CEO of Gold Coast Distributors, has joined Liber Capital as a managing director. Liber is a New York-based private equity firm focused on the beverage industry.
J.F. Lehman & Co. has agreed to sell Atlantic Inertial Systems to Goodrich Corp. (NYSE: GR), for approximately $375 million. AIS is a Cheshire, Conn.-based provider of mission-critical guidance, stabilization and navigation products and systems for the military and defense market.
HONG KONG (Reuters) – China-focused private equity fund Hopu Investment Management plans to invest up to $1 billion in China Minsheng Bank (600016.SS), a mid-sized lender aiming to raise $4.07 billion through its upcoming IPO in Hong Kong. Hopu’s plan shows that the fund, run by Goldman Sachs Gaohua Securities Chairman Fang Fenglei and former […]
SINGAPORE (Reuters) – A private equity firm owned by South Africa’s Standard Bank (SBKJ.J) and Malaysia’s CIMB (CIMB.KL) hopes to double assets to over $1 billion by early 2011 by launching a new Southeast Asia fund and growing its existing Islamic fund, its chief executive officer said on Tuesday. Johan Bastin, Singapore-based CEO of CIMB […]
Susan Bihler has joined growth equity firm Catalyst Investors as an analyst. She previously was an analyst in CIT Group's communications, media and entertainment group.
LONDON (Reuters) – French private equity firm PAI Partners is considering selling a stake in Danish bioscience company Chr.Hansen in an initial public offering worth as much as 1 billion euros ($1.50 billion), a person familiar with the matter said. The source said on Monday that Chr.Hansen could be valued at about 2 billion euros […]
(Reuters) – Select Comfort Corp (SCSS.O) said it amended its credit agreement through June 2011, which will provide the bedding retailer with initial financing of up to $55 million, sending its shares up as much as 5 percent in morning trade. The company, which has been struggling with softer sales as thrifty shoppers cut discretionary […]
Pharos Capital Group has acquired Rush Tracking Systems, a Kansas City-based RFID business process consulting and systems integration company. No financial terms were disclosed.
Altira Group has promoted both Sean Ebert and Cory Steffek from senior associates to principals. Ebert joined the energy-focused firm in March 2008 from Booz Allen Hamilton, while joined the following month after receiving his MBA from the Kellogg School of Management.
NEW YORK (Reuters) – Simmons Co, maker of the Beautyrest mattress and other bedding products, has filed for bankruptcy protection and expects to be sold to two buyers in a transaction valued at roughly $760 million. Private equity firm Ares Management LLC and the Teachers’ Private Capital unit of the Ontario Teachers’ Pension Plan, which […]