The Carlyle Group's portfolio company Dynamic Precision Group has acquired Paradigm Precision Holdings, a Peabody, Massachusetts based provider of highly engineered components for turbine engines serving the commercial aerospace, defense and energy end markets. Terms of the transaction were not disclosed.
3 min read · 04 February 2013
Find out what's been happening over the weekend with the latest links including the latest on Mithril Capital's first fund, 3i's head of Asia operations leaving the firm and NEA to open a Boston office within six months.
1 min read · 04 February 2013
Looking for a position as a private equity associate with a focus on the mid-market? Global private investment firm H.I.G Capital is seeking a Miami-based private equity associate to assist in all aspects of the investment process.
2 min read · 31 January 2013
Paine & Partners, a global private equity investment firm focused on investing in food and agribusiness has completed the acquisition of majority ownership of Eurodrip, a global manufacturer and supplier of drip irrigation solutions. As part of the investment, which was previously announced in October 2012, P&P Water Holdings purchased all of the shares of Eurodrip held by Aquanova International Holdings, a company controlled by Global Capital Investors II, a private equity fund advised exclusively by Global Finance, as well as Bellaria Holding Ltd, which together represent approximately 67.5 percent of the company’s outstanding shares.
3 min read · 31 January 2013
This morning find out what private equity's comeback plan is, if it indeed needs one, how much Boston biotech has raised in offerings and what the lowdown is on 3i's restructuring plans.
1 min read · 31 January 2013
MCG Capital Corporation has closed a $23.7 million investment in Oceans Healthcare. MCG’s investment consists of a senior secured unitranche credit facility and revolving line of credit. Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services.
2 min read · 30 January 2013
OpenTable, a provider of online restaurant reservations is to acquire Foodspotting, an app for finding and sharing great dishes at restaurants, for approximately $10 million in cash pursuant to a stock purchase agreement. The completion of the acquisition is subject to the satisfaction of customary closing conditions.
3 min read · 30 January 2013
Independent investment bank Gleacher & Company has announced today that Eric J. Gleacher has resigned as chairman of the company’s board of directors and as an officer and director of the company, and will be leaving the firm. Gleacher has served as chairman of Gleacher & Company since its acquisition of Gleacher Partners, the firm he founded in 1990.
3 min read · 30 January 2013
Serent Capital has reached a first and final closing of institutional commitments for its second fund, Serent Capital II LP. The fund was oversubscribed, exceeding its original target of $300 million to reach its $350 million cap.
2 min read · 30 January 2013
S.B. Israel Telecom, an affiliate of Saban Capital Group, has completed its purchase of the controlling interest in Partner Communications Company from Scailex Corporation. Partner, a provider of communications services in Israel, including cellular, Internet and fixed telephony, operates the orangeTM and 012 Smile brands in Israel. The transaction includes the assumption of debt owed by Scailex to Advent Investments Pte Ltd, a subsidiary of Hutchison Whampoa Limited.
4 min read · 30 January 2013
