Chicago-based private equity real estate investment firm Green Courte Partners has added Keith Bawolek as a managing director, responsible for leading Green Courte's parking acquisition activities. Bawolek has worked with Equity Group Investments, and ECI Investment Advisors, a company he co-founded in 2000.
2 min read · 23 June 2011
CapMan, via its CapMan Buyout IX fund, has acquired a majority stake in Oslo-based alcoholic beverage importer Solera AS, the company announced Thursday. Following the close of the acquisition, CapMan will own 76% of the company, with the remainder held by co-investors and the management. The deal is expected to close in August.
2 min read · 23 June 2011
South Korea’s Mirae Asset Life Insurance has pushed back plans for an IPO next year, and decided to sell preferred shares to private equity funds, Reuters reported. The company plans to offer 400 billion won ($372.3 million) worth of preferred shares. Investors that participated in the funds included National Pension Service, Korea Teachers Pension and Korea Post, Reuters wrote.
2 min read · 23 June 2011
Publicly traded SolarWinds will pay $35 million in cash to buy TriGeo, a privately held provider of log and event management software. The deal is expected to close during the third quarter. SolarWinds is a provider of IT management software, and said that adding TriGeo’s technology will help expand into a complementary branch of IT management. SolarWinds raised more than $200 million from investors including Insight Venture Partners and Bain Capital Ventures, and went public in 2009.
4 min read · 23 June 2011
Carlyle is paying 1 billion pounds ($1.6 billion) to buy the RAC roadside rescue business from Aviva, Reuters reported. Aviva said it expected to make an accounting profit of 600 million pounds from the sale. The added funds will help Aviva bolster its balance sheet as it continues to tighten focus to its main insurance and savings operations, Reuters said.
1 min read · 23 June 2011
French animal feed maker Provimi, which is owned by buyout shop Permira, has seen a slew of first round offers from the likes of Cargill, China’s New Hope Group, and Dutch companies DSM and Nutreco, Reuters reported. A potential buyout of Provimi could reach as high as 2 billion euros ($2.9 billion). JP Morgan is conducting the auction. Second round bids are expected in about six weeks.
1 min read · 23 June 2011
The Carlyle Group has put $25 million in to India's Visen Industries Ltd, a maker of water-based polymer emulsions, Reuters reported. Terms of the deal were not released. The firm invested from its $1 billion Carlyle Asia Growth Partners IV, which is focused on high-growth companies in India, China and Korea.
1 min read · 23 June 2011
New York-based Warburg Pincus is planning to raise a new buyout fund, Reuters reported, citing a news story by Bloomberg. The firm has reportedly invested more than 80% of its current $15 billion pool, which was raised in 2008, Reuters wrote.
1 min read · 23 June 2011
Dijit Media has named Jeremy Toeman to the post of chief product officer, and Adam Burg to the post of vice president of business development. Both Burg and Toeman come to Dijit from Stage Two, a strategic product consultancy and marketing firm they co-founded in 2006. Based in San Francisco, Dijit is backed by investors including Northgate Capital.
3 min read · 23 June 2011
The Carlyle Group and Urgo Hotels have teamed up to buy two landmark hotels in Miami Beach, Florida, paying $26.7 million. The Blue Moon Hotel and Winterhaven Hotel – both in the South Beach area – will undergo major renovations over the next six months. Urgo is based in Bethesda, Md.
3 min read · 22 June 2011
