Private Equity
SolArc, a provider of commodity management software solutions for companies operating across the commodity supply chain is to be acquired by Hellman & Friedman portfolio company Open Link Financial, a provider of energy, commodities, trading, and risk management (C/ETRM) solutions. Since 2003, SolArc has teamed with Technology Crossover Ventures for private equity funding.
4 min read · 17 October 2011
Energy Transfer Partners has entered into an agreement to sell its propane operations, consisting of Heritage Operating and Titan Energy Partners to AmeriGas Partners for approximately $2.9 billion.
4 min read · 17 October 2011
A Carlyle Group -led consortium, consisting of Yunfeng Capital, a private equity fund backed by Alibaba.com Ltd founder Jack Ma, has acquired an about 80 percent stake in GDC Technology, an Asian provider of servers for digital cinemas, reported Reuters. The Carlyle consortium paid about $75 million for the stake, said Reuters.
2 min read · 17 October 2011
Belgian financial group KBC will sell its insurance subsidiary Fidea to private equity firm JC Flowers for 243.6 million euros ($337.75 million), reports Reuters.
1 min read · 17 October 2011
Central and Eastern European focused Mid Europa Partners has completed the acquisition of a 65% stake in Kent Hospital Group, a private hospital operator based in Izmir, Turkey. In addition, Mid Europa entered into an agreement to increase its stake to up to 90% over time.
1 min read · 17 October 2011
Duet Group, a global alternative asset manager, has integrated the TLG Capital team into Duet Africa Private Equity. The move will enhance key synergies that exist between the firms - leveraging regional experience and local presence from TLG Capital’s investment history.
3 min read · 17 October 2011
Northern European private equity investor EQT VI has closed its latest fund at 4.75 billion euros ($6.58 billion) with strong interest from new investors in Asia, Middle East and North America.
3 min read · 17 October 2011
MedData has acquired Data Management (DMI), a provider of physician billing services to pathologists and emergency departments. MedData is a portfolio company of Baird Capital Partners, the US-based buyout fund of Baird Private Equity (BPE). DMI was a portfolio company of Lakeshore Capital Partners.
2 min read · 17 October 2011
Xand Corporation, a provider of hosting services has been sold to a management team led by David Struwas and backed by ABRY Partners. DH Capital, an investment banking firm serving companies in the Internet infrastructure and communications sectors acted as financial advisor.
2 min read · 17 October 2011
Edge Capital Partners has hired Kendrick Mattox III, CFA, as a partner. Mattox will remain in his home base of Charlotte, North Carolina, to manage Edge Capital's office that is opening in Charlotte City Center at 525 North Tyron Street. He has advised families, institutions, and other sophisticated investors in the Carolinas for more than a decade.
3 min read · 17 October 2011
