Private equity firm 3i Group has added Paul Su as a senior partner in China, Reuters reported. Su is a former managing director and vice-chairman of Greater China investment banking at Credit Suisse. He will be based in Beijing.
1 min read · 20 July 2011
Buyout firms Rhone Capital and Triton have received approval from the European Union to proceed with the acquisition of German company Evonik's industrial carbon division ECB, Reuters reported Tuesday. The ECB division makes produces used in specialty pigments, and used to reinforce rubber used in tires and other products.
1 min read · 19 July 2011
JMI Equity has made a $30 million investment in BrightLine, a provider of marketing services for the interactive TV advertising sector. JMI will have a minority interest in BrightLine. JMI General Partner Brad Woloson will take a seat on the BrightLine board. New York-based BrightLine’s customers include Unilever, GlaxoSmithKline, Intuit and Cisco.
2 min read · 19 July 2011
Buyout shop Mid Europa Partners is reportedly mulling a purchase of Polish retailer Emperia's store chains, according to Reuters. Emperia is valued at about $500 million, and last month launched a tender for its retail arm, which includes store chains Stokrotka, Groszek and Lewiatan, Reuters wrote. Mid Europa recently bought another Polish retailer, Zabka, from Penta Investments.
1 min read · 19 July 2011
Buyout shop EQT acquired Atos, a supplier of medical rehabilitation products for patients who’ve undergone the surgical removal of the larynx. EQT bought the company from Nordic Capital. Terms of the sale were not released.
3 min read · 19 July 2011
Publicly traded Autodesk Inc. has acquired Pixlr, a free online service for creating, editing and sharing images. Terms of the deal were not released. Pixlr service was started in Sweden in August 2008, and the company’s founders will now join Autodesk.
3 min read · 19 July 2011
Bound Tree Medical, a supplier of emergency medical supplies and equipment to the pre-hospital market, has acquired Missouri-based Alliance Medical. Terms of the deal were not released. Alliance Medical is a distributor of emergency medical services products, supplies, equipment and clothing. Bound Tree Medical is backed by private equity firm Water Street Healthcare Partners.
2 min read · 19 July 2011
The private equity arm of China’s Citic Securities Co. has launched a 5 billion yuan ($773 million) mezzanine fund, Reuters reported. The fund will supply financing for acquisitions, Reuters wrote. Citic Private Equity Funds Management currently manages two funds: a 9 billion yuan local-currency fund and a $1 billion dollar-denominated fund.
2 min read · 19 July 2011
CVC Capital is close to reaching a $1.9 billion deal for software company ConvergEx, Reuters reported, citing Bloomberg. ConvergEx, which provides software for brokerage and investment technology firms, filed in May to raise up to $400 million in an initial public offering.
1 min read · 19 July 2011
Standard Chartered’s private equity arm has put $56 million into Varun Beverages International, a distributor of PepsiCo Inc. products, Reuters reported. The money is aimed at helping Varum grow its business in India. Varum operates in India, Sri Lanka, Nepal and Morocco.
1 min read · 19 July 2011
