AIG Capital Partners has sold its 51.92% stake in Turkish cinema chain AFM Uluslararasi Film Produksiyon Tic. ve San. AS, to A1 Group Ltd. No financial terms were disclosed. PRESS RELEASE AIG Investments today announced that an affiliate of AIG Capital Partners, Inc. has sold its shares in AFM Uluslararasi Film Produksiyon Tic. ve […]
HitecVision, a Norway-based private equity firm focused on the energy sector, has closed its fifth fund with $800 million in capital commitments. MVision served as placement agent. PRESS RELEASE HitecVision announced today that it has received commitments of USD 800 million for its new fund HitecVision V, exceeding the original USD 600 million […]
Thayer Hidden Creek has agreed to sell TEAC Aerospace Holdings Inc. to Goodrich Corp. (NYSE: GR). No financial terms were disclosed. TEAC is a Monterey Park, Calif.-based provider of airborne mission data, video recording and debrief products for the defense industry. It recorded over $50 million in 2007 revenue. PRESS RELEASE Corporation (NYSE: GR) […]
CAI Private Equity has completed its sale of SafeGuard Health Enterprises Inc. to MetLife (NYSE: MET). No financial terms were disclosed. SafeGuard Health is an Aliso Viejo, Calif.-based provider of dental and vision benefits. www.safeguard.net PRESS RELEASE CAI Partners & Co. II, L.P. and its related entities (“CAI”) announced that it has completed the […]
NCO Group Inc., a Horsham, Penn.
PlayCore Inc., a playground equipment maker owned by Bear Stearns Merchant Banking, has acquired Robertson Industries Inc., a maker of surfacing building products. No financial terms were disclosed. PRESS RELEASE PlayCore, Inc., a leading designer, manufacturer, and marketer of a broad range of playground equipment and related play products, is pleased to announce that […]
Realogy Corp., a global provider of real estate and relocation services, has acquired a minority stake in Century 21 China Real Estate, an independetly-owned company that serves as the master franchisor for Realogy's Century 21 brand in China. No financial terms were disclosed. Apollo Management bought Realogy last year in a take-private buyout worth approximately […]
Olivier Sarkozy has joined The Carlyle Group as co-head and managing director of the firm's global financial services group. He will be based in New York, and begins with Carlyle next month. Sarkozy previously was with UBS as joint global head of FIG Investment Banking, and is the half-brother of French President Nicholas Sarkozy. […]
Istvan Szoke is joining CVC Capital Partners as a partner focused on building the firm's business in Central and Eastern Europe, effective next month. CVC is currently raising its fifth fund with a target capitalization of EUR 11 billion. Szoke had spent the past nine years as a partner with Advent International. www.cvc.com
Mzinga Inc., a Burlington, Mass.-based provider of white-label social networks, has raised $32.5 million in new funding. W Capital Partners led the round, and was joined by Bluecrest Capital Finance, GE Equity, Knowledge Industries and company management. Part of the proceeds were used to acquire Littleton, Mass.-based competitor Prospero Technologies. PRESS RELEASE Mzinga […]