(Reuters) – Abraaj Capital, the Middle East’s biggest private equity firm, sees investment opportunities in Saudi Arabia, Egypt and Turkey, its managing director said on Monday. Mustafa Abdel-Wadood said at private equity conference Super Return Middle East that the firm could make investments in a range of industries including logistics, transport, consumer businesses and financial […]
Advent International, agreed to acquire a majority stake in GFKL Financial Services AG, a debt collection business based in Germany, from a consortium of institutional investors for an undisclosed price. Advent will also participate in a capital increase. PRESS RELEASE Advent International, the global private equity firm, has signed agreements to acquire a majority stake […]
Avalon Group Limited, a priavte equity firm based in New York, has agreed to acquire a majority stake in Domestic Energy Corporation, a Honeoye, N.Y.-based OTC-listed oil and gas exploration company. PRESS RELEASE Domestic Energy Corporation. (OTC.PK: DMEC)(“Domestic Energy” or the “Company”) announced today that on the 10th of October 2009 the majority shareholders and […]
(Reuters) – Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation. The company, which owns a bank that will continue to operate […]
Fulcrum Ventures, an Atlanta-based venture firm, led the $16.1 million recapitalization and spin-out of EnduraCare Acute Care Services from parent company EnduraCare Therapy Management. EACS is a national provider of therapy services to acute care hospitals, outpatient clinics and physician practices. PRESS RELEASE Fulcrum Ventures announced today that they led the $16.1 million recapitalization and […]
(Reuters) – Carlyle Group CYL.UL co-founder David Rubenstein said the private equity industry would grow larger than before the bubble burst as it transforms itself over the next 2-3 years. Private equity firms struck ever larger deals during the 2005-07 period, fueled by cheap debt. Since the credit crisis, they have been unable to strike […]
Transactiv, an Ohio-based developer of an online commerce platform, closed a $1.2 million Series A round of financing with Blue Chip Venture Capital, CincyTech, Neyer Holdings, Queen City Angels, and participation from Cincinnati, Ohio-based private investors.
Owen Wilson has joined Palamon Capital Partners, a European mid-market private equity firm, as a Vice President. Wilson was previously at a director of Candover's London office.
NEW YORK (Reuters) – RailAmerica Inc (RA.N), which owns and operates short line and regional freight railroads in North America, priced shares for $15 each in its initial public offering, falling short of expectations, but the company sold 1 million shares more than expected, an underwriter said. RailAmerica, which is owned by private equity funds […]
MUMBAI (Reuters) – India’s United Spirits (UNSP.BO), is set to sell new shares worth about $300-350 million to institutions to help cut its debt, after efforts to sell a stake to private equity firms and Diageo (DGE.L) failed. The world’s third-largest spirits maker by volume is set to place the shares with institutions (QIPs) as […]