PRIVEQ Capital Funds recently announced that it has added its first portfolio company to its PRIVEQ IV LP fund with a $4.7 million investment in Accipiter Radar Technologies, a provider of advanced radar technologies for national defense and border patrol purposes. The investment in the Niagara-region company will be used for company expansion.
1 min read · 05 September 2013
Set.fm said Wednesday that it has secured $1.2 million in seed funding. The lead investor was Toronto-based Golden Venture Partners. Based in Austin, Texas, Set.fm is an app that helps working musicians tap into additional revenue streams.
4 min read · 04 September 2013
The Blackstone Group LP has raised $5 billion from investors for its second rescue lending fund, sister news service Reuters reported, underscoring how alternative asset managers are looking to displace banks in providing financing to companies in distress.
1 min read · 03 September 2013
Manulife Asset Management said Tuesday that it has named Scott S. Eversole as managing director on its institutional sales team. Eversole, who is based in San Francisco, will be responsible for institutional asset management sales in the western U.S. Based in Toronto, Manulife Asset Management is the global asset management unit of Manulife Financial.
3 min read · 03 September 2013
Citigroup Inc said it will sell a $4.3 billion private equity fund, known as Citi Venture Capital International, for an undisclosed price to investment firm Rohatyn Group, sister news service Reuters reported. Rohatyn will have over $7 billion in assets under management after the deal, which is expected to close in the fourth quarter, the company said in a statement.
1 min read · 03 September 2013
Waterton Global Resource Management has raised $300 million for its second mining and metals fund, and is expected to reach its $750 million target in the fourth quarter, peHUB has learned.
2 min read · 03 September 2013
Beverage can maker Rexam has launched the sale of its healthcare packaging business, which could fetch around 650 million pounds ($1 billion), four banking sources told sister news service Reuters.
2 min read · 02 September 2013
Private equity group Advent International has sold Domestic & General to rival CVC Capital Partners, in a deal that values the British home appliance insurer at about 750 million pounds ($1.2 billion), a source with knowledge of the transaction told sister news service Reuters.
1 min read · 02 September 2013
Shares of Envision Healthcare Holdings Inc, the biggest operator of U.S. ambulance services, rose 10 percent in their market debut, giving the firm a market valuation of about $4.24 billion.
2 min read · 02 September 2013
TPG Capital LP has been exploring a sale of Aptalis Pharma, a specialty drugmaker it has owned since 2008 and values at more than $3 billion, four people familiar with the matter told sister news service Reuters.
2 min read · 02 September 2013
