MUMBAI (Reuters) – Standard Chartered Private Equity, the direct investment arm of the British bank, is close to investing in two Indian companies and sees opportunities in the country’s export service sector as Western firms cut costs, a top official said. Nainesh Jaisingh, head of StanChart’s (STAN.L) (2888.HK) private equity business in Asia’s No. 3 […]
(Reuters) – Canadian logistics services provider Livingston International Income Fund (LIV_u.TO) agreed to be taken private by Canada Pension Plan Investment Board and Sterling Partners in a deal valued at about C$225.3 million ($213.6 million). Under the deal, Livingston’s unit holders would receive C$8 per unit in cash, representing a premium of 20 percent based […]
Capital Partners Inc. has sponsored a recapitalization of AMES Inc., a Wilmington, N.C.-based provider of maintenance project and workforce management solutions to the U.S. commercial nuclear power industry. No financial terms were disclosed. Cobblestone Harris Williams advised AMES on the transaction.
ConvergEx, a New York-based provider of global agency brokerage and investment technology solutions, has agreed to acquire the assets of Cogent Consulting LLC, a software development firm specializing in advanced commission management. No financial terms were disclosed. ConvergEx was formed in 2006 by GTCR Golder-Rauner, which combined Eze Castle Software and the institutional brokerage business of Bank of New York.
Saverio Costa has joined Pantheon Ventures as a New York-based principal focused on client services. He previously was with placement agent Benedetto Gartland & Company.
Gareth Davies has joined Greenhill & Co. as a London-based managing director, in the firm's financing advisory and restructuring practice. He previously was with Close Brothers Corporate Finance.
Akhil Awasthi has joined Tata Capital as managing partner of its new private equity fund. He previously was a partner with Baring Private Equity Partners India. www.tatacapital.com
Argos Soditic has acquired a majority stake in Misapor, a Surava, Switzerland-based maker of foam glass granulate for the European construction market. The deal was structured as a management buyout. PRESS RELEASE ARGOS SODITIC announces the acquisition of a majority stake in MISAPOR, the leading foam glass granulate producer in Europe through an MBO. Located in Surava, […]
(Reuters) - Canadian retailer Dollarama Inc (DOL.TO), backed by private equity firm Bain Capital, priced its initial public offering of 17.14 million shares at C$17.50 ($16.60) a share, on the Toronto Stock Exchange. The offering, which is expected to generate proceeds of about C$300 million for the Montreal-based company, will be used to repay its outstanding debt, including its 8.875 percent senior subordinated notes due 2012, the term loan A facility and notes owed to certain shareholders. The underwriters for the IPO, which include RBC Capital Markets, CIBC World Markets Inc, and Credit Suisse Securities (Canada) Inc, have scheduled the closing of the offering
(Reuters) – Kohlberg Kravis Roberts and Co’s plan to restructure the debt of Energy Future Holdings Corp (EFH), following a leveraged buyout in 2007, is in jeopardy due to opposition from its key bondholders, the New York Post said, citing sources. Franklin Templeton Investments, one of the major lenders holding more than half the bonds […]