The Carlyle Group says that it has acquired the management contracts of a $500 million collateralized loan obligation, has created a $507 million CLO, and sees more opportunity to expand into the CLO market, Reuters reported Wednesday. The private equity firm now advises 31 collateral loan funds in the US and Europe, totaling $12.7 billion in assets under management, Reuters said.
2 min read · 11 August 2011
The Carlyle Group and other owners of Turkish hospitals group Medical Park are considering a sale, or initial public offering, of its business, Reuters reported. A sale could value the company at up to $600 million, Reuters said. Carlyle took a 40% stake in Medical Park in 2009. Terms of that deal were not disclosed.
2 min read · 10 August 2011
Publicly traded VCA Antech has completed its purchase of MediMedia Animal Health, a unit of MediMedia USA, for $146 million in cash. MediMedia Animal Health, known as Vetstreet, is a provider of online communications, professional education and marketing solutions to the veterinary community. MediMedia USA is a portfolio company of Vestar Capital Partners.
2 min read · 10 August 2011
GreenSQL, a security company and maker of a database firewall engine, has closed its Series B round with $5.9 million. The company had previously raised $3.8 million of the round. Rhodium and Atlantic Capital Partners led the round, with participation from existing investor Magma Venture Capital. The money will help GreenSQL bring its unified database security products into virtual and cloud architectures.
3 min read · 10 August 2011
MMI Investments, also known as Millbrook Capital Management Company, is seeking a sale of portfolio company Checkpoint Systems Inc., Reuters reported. New York-based hedge fund MMI holds a 4.9% stake in Checkpoint, which makes products designed to curtail shoplifting.
2 min read · 10 August 2011
DJ Patil, a former LinkedIn executive, will join venture firm Greylock Partners as chief scientist in residence, Reuters reported. Patil will join LinkedIn founder Reid Hoffman at the firm, where he serves as a partner. Most recently, Patil was at Color, a location-based photo sharing service that was backed with $41 million in venture capital.
1 min read · 10 August 2011
Rose Rock Capital Ltd., a firm owned by the Rockefeller family, is raising $2 billion in yuan and dollar funds to invest in Chinese commercial properties, Reuters reported, citing the China Securities Journal. Rose Rock is partnering with Tianjin Finance Investment Co. on the funds, which will be used to for commercial property projects in the northern city of Tianjin, Reuters said.
1 min read · 10 August 2011
The Carlyle Group and Unison Capital will sell part of their investment in Japan's Covalent Materials, Reuters reported Wednesday. Taiwanese solar wafer maker Sino-American Sillicon Products Inc. is paying $451 million for the wafer unit of Covalent. Carlyle and Unison bought Covalent in 2007, paying $509 million in debt and equity, Reuters wrote.
2 min read · 10 August 2011
New York-based private equity firm Halyard Capital has put an undisclosed amount of growth funding into Practice Insight, a maker of software-as-a-service-based revenue cycle management software aimed at healthcare providers. Halyard Capital has more than $600 million of capital under management. Practice Insight was formed in 2003, and is based in Houston.
2 min read · 09 August 2011
SCI Solutions, a provider of enterprise access management, physician connectivity and front-end revenue management software, has sealed an undisclosed amount of funding from New York-based private equity the Wicks Group of Companies and from New Enterprise Associates. Terms of the deal were not released. The funding, the company said, will support expansion.
4 min read · 09 August 2011
