Rockwood Holdings is to sell CeramTec, its advanced ceramics business to Cinven for 1.49 billion euros ($1.98 billion) subject to customary adjustments. CeramTec, headquartered in Plochingen, Germany, is a global producer of high performance advanced ceramics materials and products.
4 min read · 17 June 2013
NVM Private Equity has backed the management buyout of Cleveland Biotech, a provider of environmentally friendly biological waste treatment products. The change in ownership will allow the management team to build the business organically, expanding in existing and new markets across Europe.
4 min read · 17 June 2013
After the weekend get up to speed on the latest happenings in the private equity universe with the lowdown on the Asian market, the CIA's venture capital arm, JP Morgan ditching its PE unit and who's coming and going in the world of biotech.
1 min read · 17 June 2013
European private equity firm, Cinven has exceeded its target and held a final close for its Fifth European Buyout Fund at 5.3 billion euros ($7.1 billion). The fund has already made investments in three businesses – two business services companies, Pronet and Prezioso, based in Turkey and France, respectively; and UK-based healthcare business, AMCo.
4 min read · 13 June 2013
Salvepar has committed to invest US$7 million in Latin America Power Holding, a developer and operator of renewable energy projects in Chile and Peru, with a staff of approximately 65 employees. This investment by the company comes as part of a capital increase in LAP led by LAP existing shareholders.
2 min read · 13 June 2013
UK-based Digital Rights Group Limited, a TV rights distribution group, has been sold to Modern Times Group, an international entertainment broadcasting group. Ingenious Corporate Finance, an independent advisor in the media, entertainment and technology sectors, has advised the shareholders of Digital Rights Group Limited.
3 min read · 13 June 2013
Vision Capital has appointed Bordon Lai as principal in its New York office. Lai joins Vision Capital after six years with Pegasus Capital Advisors in New York and brings investment and operational experience.
2 min read · 13 June 2013
Harbert Private Equity Fund II has sold PWI Holding to KAR Auction Services Inc. KAR is the holding company for ADESA, Insurance Auto Auctions and Automotive Finance Corporation. ADESA is a provider of wholesale used vehicle auctions with 67 North American locations and its subsidiary OPENLANE provides an Internet automotive auction platform.
2 min read · 13 June 2013
Peterson Partners has acquired Angoss Software Corporation for $8.4 million. Angoss delivers predictive analytics to businesses looking to improve performance across sales, marketing and risk.
3 min read · 13 June 2013
Healthcare-focused, middle market private equity firm Ampersand Capital Partners has appointed Cecil Kost as an operating partner. Kost will work with the Ampersand investment team to identify and evaluate new platform opportunities as well as assist on the existing portfolio.
2 min read · 13 June 2013
