Abacus Finance Group has served as administrative agent and sole lead arranger for $25 million in senior secured credit facilities to support the leveraged buyout of Hubbardton Forge. The buyout has been backed by Bunker Hill Capital. Based in Castleton, VT, Hubbardton Forge is a designer and manufacturer of hand-forged residential and commercial lighting products.
3 min read · 13 November 2013
The Russian Direct Investment Fund and the Korea Investment Corporation have signed a memorandum to form the Russian-Korean Investment Platform. The signing ceremony took place in the presence of Russian president, Vladimir Putin, and Korean president, Park Geun-hye, in Seoul. The investment platform will focus on cross-border investments which fulfill Russian-Korean strategic interests.
2 min read · 13 November 2013
Lariat Partners has made two investments. The firm has acquired a significant interest in Northern Seed, located in Butte and has provided the capital for Northern Seed’s investment in Westfeeds headquartered in Billings.
2 min read · 13 November 2013
Beringea has sold its portfolio company Espresso Group to Discovery Communications. The financial terms of the transaction were not disclosed. The exit is the sixth this year for the private equity group.
2 min read · 13 November 2013
BlackFin Capital Partners has acquired HyperAssur. The company is a insurance comparison website.
2 min read · 13 November 2013
Adelis Equity Partners has closed Adelis Equity Partners Fund I, a 420 million euros ($564 million) buyout fund focused on the Nordic lower middle market. O’Melveny & Myers represented the firm in the fundraising.
2 min read · 13 November 2013
Eighty percent of Limited Partners say they can’t easily find useful, relevant information about General Partners and their team members online, although only six percent of GPs recognise how hard it can be, according to The GP Stakeholder Communications Survey. The GP Stakeholder Communications Survey examines how private equity and venture capital firms communicate and how this impacts on the perceptions and behaviour of key stakeholders (limited partners, business owners, corporate finance advisors, journalists).
4 min read · 13 November 2013
This morning read all about TPG shaking up its Asia leadership, how to find a private equity-free lunch and how to go to college like a venture capitalist.
1 min read · 13 November 2013
Advent International has appointed healthcare veteran Lincoln Chee to its operating partner program in China. Chee will advise and work closely with Advent to identify investment opportunities and generate post-investment value within the regional healthcare sector.
4 min read · 12 November 2013
FundersClub has appointed Engle Saez to the company's executive team. Prior to joining FundersClub, Saez served as chief marketing officer at Blue Nile, where he was responsible for developing revenue and growth initiatives for the online jeweler.
2 min read · 12 November 2013
