MANAMA (Reuters) – Ratings agency Moody’s downgraded Bahrain-based Investcorp INVB.BH on Tuesday, citing the fragility of its financial condition and the tough environment for private equity deals to generate income. Moody’s said in a statement it had downgraded the long-term deposit rating of the Bahrain- and London-listed investment house to Ba2 from Ba1, its financial […]
Novacap Technologies has led an acquisition of Pkware, a Milwaukee-based provider of enterprise data-centric security and compression software. No financial terms were disclosed. Other members of the buying consortium included Maranon Capital, Garrett Investments and members of Pkware management.
Lakeside Steel Inc. (TSX-V: LS) said yesterday that it has not received a takeover approach from John Maneely Co., following a trade publication report that John Maneely Co. had Lakeside and another company “in its sights.” John Maneely is a portfolio company of The Carlyle Group. PRESS RELEASE Lakeside Steel Inc. (TSX-V: LS) (“Lakeside” or […]
ArcLight Capital Partners has acquired oil and natural gas pipelines in the deepwater Gulf of Mexico from ATP Oil & Gas Corp. (Nasdaq: ATPG) for $78 million.
Xaloy, a New Castle, Penn.-based maker plastic processing wear components and ancillary equipment, has acquired Spirex Corp., a Youngstown, Ohio-based designer of plasticating unit products. No financial terms were disclosed. Xaloy is a portfolio company of Industrial Growth Partners.
Chris Hammond has joined Nashville-based private equity firm Gen Cap America as a vice president. He previously was a principal with Calvert Street Capital Partners.
Karl Kurz has joined CCMP Capital as a managing director, and co-head of the firm's energy investment practice. He also will sit on the CCMP investment committee. Kurz had spent the past nine years with Anadarko Petroleum, most recently as chief operating officer.
Accretive Health Inc., a Chicago-based provider of healthcare revenue cycle management services, has filed for a $200 million IPO. It plans to trade on the NYSE under ticker symbol AH, with Goldman Sachs and Credit Suisse serving as co-lead underwriters. The company reports around $398 million in 2008 revenue, and that Oak Hill Capital Partners […]
Jeffrey Rayport has joined private equity firm Castanea Partners as an operating partner. He previously was a senior partner with Monitor Group, where he founded and chaired a business consultancy called Marketspace LLC.
(Reuters) – London-based hedge fund GLG Partners has launched a new fund aimed at investing in the debt of troubled UK and European companies, the Financial Times said on Tuesday. The fund, which is managed by Galia Velimukhametova, the former European head of US hedge fund King Street Capital, will focus on tradeable, liquid securities […]