Alexander Gallo Holdings, an Atlanta-based provider of court reporting and litigation support services, has acquired Verdict Systems LLC, a Tempe, Ariz.-based maker of trial presentation software. No financial terms were disclosed. Alexander Gallo is a portfolio company of Accel-KKR.
JMH Capital has acquired a majority stake in Walker Wood Products, a Temecula, Calif.-based maker of kitchen cabinets, according to LBO Wire. www.jmhcapital.com
Doughty Hanson’s real estate fund has acquired Old George Mall, a shopping mall in Salisbury, UK, in a £60m deal. Doughty Hanson & Co Real Estate bought the 137,000 sq ft, 57-retail unit shopping centre from a joint venture between clients of PRUPIM and Rockspring. The deal is Doughty Hanson’s eleventh investment from its €590m […]
Royal Bank of Scotland is understood to be considering selling its 4.3% stake in Bank of China following chief executive Stephen Hester’s visit to Beijing this week. Hester, who replaced Fred Goodwin after the bank was rescued by the UK government last October and a former chief of British Land, reportedly met with Bank of […]
Greg Margolies has joined Ares Management as a senior partner and head of the firm’s capital markets group. He previously was with Merrill Lynch, as a managing director and head of global leveraged finance and capital commitments.
PCG Asset Management has opened an office in Singapore. It will be led by Jean-Noël Odier, formerly in charge of BNP Paribas' wealth management platform for family offices in Asia.
SHANGHAI, Jan 8 (Reuters) – China’s Ministry of Commerce may ask Chinese companies to seek ministry approval if they want to invest $100 million or more overseas, it said in draft rules, after a few major Chinese companies reported big book losses on investments abroad. Companies may also need the ministry’s approval if they want […]
UK fashion retailer New Look beat the high street gloom, posting underlying UK sales growth of 2.8% in the 14 weeks to January 3. The results will be welcomed by New Look’s private equity owners Apax and Permira which have owned the retailer alongside its founder Tom Singh since 2004. New look’s sales growth was […]
TOKYO (Reuters) – Japan plans to end capital gains taxes for foreigners investing in Japanese companies through funds, aiming to kick-start investment that has slowed amid the global economic downturn, a Financial Services Agency official said. Tokyo’s benchmark Nikkei share average .N225 rose 2 percent in part on the news of the planned tax break, […]
OnCap, a Toronto-based private equity firm focused on the middle market, has promoted Mark MacTavish to managing director, and Evan Hershberg and Ryan Mashinter to director. www.oncap.com