Artiman Ventures has closed its second fund with around $185 million in capital commitments, including a $10 million friends and family side fund. Stanwich Advisors served as placement agent, while limited partners include the University of Texas Investment Management Co. and the Pennsylvania State Employees' Retirement System. www.artimanventures.com
Collins Stewart has agreed to acquire investment bank CE Unterberg, Towbin for $44 million, according to The Financial Times. The deal reportedly includes $32 million in cash/stock, plus $12 million in assumed debt.
Matt Gullen has joined H.I.G. Capital as an associate. He recently received his MBA from Wharton, and interned last summer at both Evercore Partners and Clearview Capital. www.higcapital.com
Patrick Belville has joined the Chicago office of law firm Jones Day as an M&A partner. He previously was a partner with Bell, Boyd & Lloyd LLP. www.jonesday.com
The Carlyle Group has put Insight Communications Co. on the sales block, just over once year since taking the cable operator private for $2.1 billion. Morgan Stanley and Waller Capital have been retained to manage the process. www.carlyle.com www.insight-com.com
Hermes Private Equity has sold independent fiduciary services company Walbrook Group Ltd. to Barclays Bank. No financial terms were disclosed. Hermes sponsored a management buyout of Walbrook from Deloitte in December 2003. In January 2006, Walbrook also acquired the Deloittes office in Hong Kong. Hermes was advised on the sale by KPMG and SJ Berwin. […]
Norwest Equity Partners has agreed to sell jewelry manufacturer Aurafin LLC to Berkshire Hathaway Inc. No financial terms were disclosed. Berkshire Hathaway also will acquire Bel-Oro International, and merge it with Aurafin. The new company will be called Richline Group. www.aurafin.com
Mike Ramsey has joined New Enterprise Associates as a venture partner, where he will focus on consumer opportunities out of NEA's Menlo Park, Calif. office. Ramsey is co-founder and former chairman and CEO of TiVo. www.nea.com
NEW YORK (AP) – The Chinese government has agreed to acquire a $3 billion stake in U.S. private equity firm Blackstone Group LP in a deal that marks China's long-anticipated move to diversify how it invests its massive foreign exchange reserve. The transaction calls for China's upstart state investment company to buy nonvoting shares in […]
Warner Music Group will offer EMI Group a sweetener of up to Gbp100 million if its latest bid for the troubled British music group is blocked by regulators, according to a report in The Sunday Times. The report said the size of the payment reflects the confidence of Edgar Bronfman, Warner's chairman, that a Gbp4.6 […]