SBM Offshore has sold GustoMSC to Parcom Capital, a private equity group, for approximately $185 million. The sale is a first step in the divestment program for non-core assets of approximately $400 million that the company announced in August 2012. GustoMSC is a supplier of proprietary designs of mobile offshore units and for delivery of associated equipment.
2 min read · 12 November 2012
Rutland Partners has acquired Pizza Hut's UK Dine-In Restaurant business from Yum! Brands, the global owners of the Pizza Hut brand. Taylor Wessing advised Rutland on the deal.
2 min read · 12 November 2012
Palamon Capital Partners has appointed John David as managing director, investment strategy. David joins Palamon’s pan-European team, all based in London.
3 min read · 12 November 2012
Find out the latest after the weekend break with this morning's First Read links which unveil KKR's new investment funds for private investors; Google Ventures' $300 million boost and which housing markets dropped this year.
1 min read · 12 November 2012
Life science venture capital firm HIG BioVentures is looking for a venture capital investment professional to join its team in building and nurturing its life sciences portfolio.
2 min read · 08 November 2012
Bausch + Lomb, a global eye health company, has exercised its option to purchase all outstanding and unowned shares of Technolas Perfect Vision, an ophthalmology laser company. Technolas Perfect Vision was established in 2009 through a joint venture between Bausch + Lomb and 20/10 PERFECT VISION AG to develop and sell advanced refractive and cataract technologies. The deal is expected to close at the end of January 2013.
3 min read · 08 November 2012
Permira IV has executed a fully underwritten placement of its remaining shares in Galaxy Entertainment Group, the Hong Kong listed casino and hotel operator. The value of this realisation for SVG Capital is 103.9 million pounds ($165.6 million) both directly and indirectly through its holdings in the Permira Feeder Vehicles.
1 min read · 08 November 2012
UK lower middle market investor Alcuin Capital Partners has backed a management buyout of TileCo Group, a supplier of tile, mosaic and stone products to the residential developer and architectural specification markets. The transaction is also supported by funding from the management team and debt provided by Centric Commercial Finance. It provides a successful exit for UK mid-market private equity specialist Graphite Capital.
4 min read · 08 November 2012
Brad Curtis has joined The Peakstone Group as a managing director primarily focusing on the consumer sector. Prior to joining Peakstone, Brad opened the Chicago office for a national middle market investment bank.
2 min read · 08 November 2012
Cloud infrastructure company Joyent has appointed Henry Wasik as chief executive officer. Wasik recently served as the president and CEO of Force10 Networks, where he refocused the corporate revenue growth strategy, introduced multiple industry-leading products and drove new hires to the executive and management teams.
3 min read · 08 November 2012
