Global alternative asset manager The Carlyle Group has closed a Collateralized Loan Obligation fund, the firm’s second new-issue CLO in Europe this year. Carlyle GMS Euro CLO 2013-2 will invest predominantly in new issue and secondary market European senior secured bank loans. Citibank arranged the transaction.
2 min read · 03 October 2013
CameronTec is to acquire US-based Greenline Financial Technologies, a provider of FIX and electronic trading technology solutions and services and wholly-owned subsidiary of MarketAxess Holdings Inc. CameronTec is owned by Nordic Capital Fund VII.
4 min read · 03 October 2013
Blackstone real estate funds have completed the acquisition of Multi Corporation. Multi is an owner, manager and (re)developer of high quality shopping centres across Europe.
4 min read · 03 October 2013
Today First Read brings you a brighter outlook for Israeli venture capital, European buyouts experiencing their strongest quarter since 2010 and a look at the issue of financial distress and bankruptcy within the industry.
1 min read · 03 October 2013
Burlington Stores has priced its underwritten initial public offering of 13,333,333 shares of its common stock at a price to the public of $17.00 per share. The offering is expected to close on October 7, 2013. The company is backed by Bain Capital.
3 min read · 02 October 2013
Pitney Bowes has completed the sale of Pitney Bowes Management Services for $400 million in cash to funds affiliated with Apollo Global Management. Proceeds from the sale of the business will be used to pay down debt.
3 min read · 02 October 2013
Elliott Davis has expanded the firm’s banking and financial services practice by adding three new shareholders as well as additional managers and staff in tax, consulting, and IT risk management. William Bossong, George Noonan, and Beverly Seier were recently admitted as Elliott Davis shareholders.
3 min read · 02 October 2013
Leeds Novamark Capital's debut fund, Leeds Novamark Capital I, L.P., has raised over $130 million of capital, including leverage. The fund's final closing is expected in 2014.
1 min read · 02 October 2013
Beringea has announced its fund’s exit from Livio (formerly Myine Electronics DBA Livio Radio). The Ferndale, Mich.-based company, which builds products and software tools to support in-vehicle connectivity solutions, was bought by Ford Motor Co. for an undisclosed amount.
3 min read · 02 October 2013
R•O•M Corporation and Specialty Manufacturing have been sold to The Sterling Group and management. Sterling is combining the businesses through its holding company, Safe Fleet Acquisition Corp. Harris Williams & Co. acted as the exclusive advisor to ROM and SMI, portfolio companies independently operated and financed by Century Park Capital Partners.
3 min read · 02 October 2013
