TA Associates has partnered with its portfolio company SpeedCast, a Hong Kong-based global network and satellite communications service provider, to complete the acquisition of Pactel International, a satellite communications service provider based in Australia. TA completed a buyout of SpeedCast in September 2012 with a plan to execute a consolidation strategy in the Asia-Pacific satellite communications industry.
4 min read · 04 June 2013
H.I.G. Capital has made a strategic investment in Raymond Express International. Founded in 1983, REI is an asset-light logistics provider specializing in transportation solutions for temperature-sensitive products.
3 min read · 04 June 2013
Rexel's controlling shareholder Ray Investment has sold a 10 percent stake in the French electrical equipment supplier for 487.54 million euros ($635 million), as Ray's private equity owners further reduce their stakes, writes Reuters. It was the second recent sizeable Rexel stake sale by Ray, which is controlled by Clayton, Dubilier & Rice, Eurazeo, Bank of America Merrill Lynch and the Caisse des Depots et Consignations du Quebec.
1 min read · 04 June 2013
EQT has implemented a new corporate structure in order to better align with various stakeholders. Going forward, operations, fund administration and investments in general partners will be brought together under EQT Holdings AB, a company based in Stockholm, Sweden. Conni Jonsson is CEO of EQT Holdings AB.
4 min read · 04 June 2013
Gladstone Investment Corporation has provided $8.75 million of debt and equity financing to Funko in support of the acquisition led by San Francisco-based private equity sponsor, Fundamental Capital in partnership with management. Gladstone Investment's affiliated company, Gladstone Capital Corporation also provided $8.75 million of debt and equity financing in support of the acquisition.
3 min read · 04 June 2013
GTCR has simultaneously signed and closed the acquisition of Cable Management Associates, a subsidiary of privately held Etan Industries. The acquisition was completed through GTCR’s previously established partnership with Rural Broadband Investments.
3 min read · 04 June 2013
Kinderhook Industries has sold QCSA Holdings to strategic buyer Copart Inc. Financial terms were not disclosed.
4 min read · 04 June 2013
This Tuesday morning read about CalPERS' plans to sell its Carlyle stake; Fitch downgrading Illinois and whether anyone should trust their Facebook friends.
1 min read · 04 June 2013
This week peHUB has job offerings in the secondary space with Coller Capital; a chance to get in with industry veteran Carlyle; another investment officer position is open at CalPERS and senior associate vacancies at venture firms Second Century Ventures and eVenture Capital Partners.
1 min read · 03 June 2013
Mid-market investment bank Dresner Partners has hired Brian Graves as managing director. Graves has more than 20 years of experience working with senior executives, board members, business owners and private equity groups.
2 min read · 03 June 2013
