Angela Sormani

DTZ consortium to acquire Cassidy Turley

Cassidy Turley has entered into an agreement with an affiliate of DTZ Investment Holdings to sell the business. DTZ is backed by TPG, PAG Asia Capital and Ontario Teachers' Pension Plan.

Rural American Fund completes first closing of Fund II

The Rural American Fund has reached a first closing of approximately $20 million for its second vehicle targeting the North American rural agribusiness market. The fund has a target of $75 million.

Standard Chartered Private Equity backs Mad for Garlic

Standard Chartered Private Equity has led a $48 million joint investment in Mad for Garlic. The business is an Italian-style wine bistro of Korean origin.

Traxpay closes $15 mln series B

Traxpay, a B2B payment business, has closed $15 Million in series B funding. The oversubscribed round was led by the corporate incubator of Commerzbank and Software AG with existing investors Earlybird Venture Capital and former senior Apax partner, Michael Phillips of Castik Capital Partners, also participating in the round.

Mercia invests in online multiplayer football management game

Mercia Fund Management has backed Soccer Manager. The business is a UK-based independent studio behind the online multiplayer football management game, SoccerManager.com, which was released in 2006.

peHUB First Read

This Tuesday morning read all about Credit Suisse having its wrists slapped for risky lending, when the best time to court a VC founder is and whether CalPERS withdrawing from hedge funds is the start of an institutional trend freeing up more funds for private equity.

Jobs of the week: Blackstone, Boathouse, Google, TZPG hiring

This week there are business development and financial analyst, venture capital and incubator specialist and senior associate positions at Belhealth Investment Partners, The Blackstone Group, Boathouse Capital, Google and TZPG Growth Partners.

Flybridge Capital Partners appoints principal

Flybridge Capital Partners has appointed Victoria Song to the firm as a principal. Song was an associate with the firm from 2010 to 2012 and recently completed her MBA at Harvard Business School.

Emerging markets firm GEMCORP is launched

GEMCORP, a financial firm focused on investments in emerging markets, has official launched. The firm has so far raised $500 million from European institutional investors.

Global Environment Fund appoints MD

Global Environment Fund has appointed Anibal Wadih as a managing director based in São Paulo, Brazil as a member of the Latin America investment team. He joins GEF from Canepa Management where he was a partner responsible for direct investments and business development throughout Latin America.