PAI Partners is in talks to sell French water distributor Saur to Caisse des Depots, AXA and waste management company Seche Environnement. The sale price is expected to be between
Bear Stearns Merchant Banking has teamed with China-based Eagle Investment Group to form a strategic alliance focused on opportunities in the Chinese retail sector. Each firm will commit $250 million to the platform, for a total of $500 million. Eagle is run by Wong Kwong Yu, founder of Chinese electronics retailer GOME Electrical Group. www.bsmb.com
Battery Ventures is planning to raise $750 million for its eighth fund, with marketing expected to begin within weeks. The news was first reported by VentureWire this morning, and subsequently confirmed by PE Week Wire.
Spark Capital is planning to raise its second fund next quarter with a still-unspecified target of between $300 million and $350 million. The news was first reported by VentureWire this morning, and subsequently confirmed by PE Week Wire. www.sparkcapital.com
Edmund Carpenter has joined Genstar Capital as an operating partner focused on the industrial technology sector. He most recently served as CEO of Barnes Group Inc. (NYSE: B), a manufacturer of precision metal components and assemblies and distributor of industrial supplies. Prior to that, he spent two years as a senior managing director with Clayton, […]
John Leone has joined Paul Capital Partners as a partner in the firm's healthcare practice, which participates in direct deals (including royalty and revenue interests), private equity secondaries and fund-of-funds commitments. He previously was president and CEO of Cambrex Corp. and, before that, was with Aventis as senior vice president and COO of U.S. commercial […]
Robert Jackowitz has agreed to join New York-based private equity firm Pine Brook Road Partners as CFO, effective April 9. He previously was treasurer and CFO of ESL Investments Inc.
Tim Ebling has joined Battery Ventures as an executive-in-residence focused on the software sector. He previously served as chairman and CEO of former Battery portfolio company ProfitLogic, a retail software optimization company acquired by Oracle. www.battery.com
Mitch Lasky has joined Benchmark Capital as a general partner. He previously served as CEO of former Benchmark portfolio company Jamdat Mobile Inc. (Nasdaq: JMDT). Before that, was with Electronic Arts as executive vice president of mobile and online. www.benchmark.com
Transoma Medical, a St. Paul, Minn.