The Bank of Ireland is in “advanced talks” with U.S. buyout firms, Reuters reported, citing a story in the Sunday Business Post. The bank is looking to raise 4.2 billion euros ($6 billion), and is said to be in talks with firms including Texas Pacific Group.
2 min read · 20 June 2011
Middle market private equity firm Altus Capital Partners has named Kim VanCleef a vice president in its Chicago-area offices. VanCleef has worked previously at Alvarez & Marsal and at Dymas Capital Management, an affiliate of Cerberus Capital Management. Altus is based in Westport, Conn.
2 min read · 20 June 2011
1 min read · 20 June 2011
Publicly traded Carpenter Technology Corp. will pay $558 million to buy Latrobe Specialty Metals Inc. As part of the deal, 8.1 million shares of Carpenter stock—worth roughly $388 million—will be issued to Latrobe’s owners, including Hicks Equity Partners and The Watermill Group. Latrobe, which makes high-performance materials for aerospace, defense and energy applications, was acquired by Hicks Equity and Watermill in 2006. Thomas Hicks of Hicks Equity, and Steve Karol of Watermill will join Carpenter's board following the close. The deal is expected to close by September 30.
5 min read · 20 June 2011
Actis is looking to sell its stake in Gujarat-based Sterling Hospitals, Reuters reported. The buyout shop is reportedly in talks with probable buyers like Fortis Healthcare and Apollo Hospitals Enterprise, the Business Standard newspaper reported. Actis holds an 80% stake in the specialty hospitals chain.
1 min read · 20 June 2011
1 min read · 20 June 2011
Wealth management firm Cary Street Partners said that it has added Craig Shealy as a managing director and group head of the energy and commodities team, at the same time the firm announced the formation of a dedicated energy and commodities investment banking team. Shealy was previously chairman and managing partner of BlackCreek Group, an energy-focused investment, development and advisory firm. Cary Street Partners has offices across the southeastern United States.
3 min read · 20 June 2011
1 min read · 20 June 2011
Laredo Petroleum will acquire fellow Warburg Pincus portfolio company Broad Oak Energy in a deal valued at $1 billion, the companies announced Friday. The transaction is expected to close at the beginning of July. Broad Oak Energy is an oil and gas exploration and production company focused on the Permian Basin of West Texas. It was formed in 2005 and funded by Warburg Pincus in 2006. Laredo was formed in 2006 and is based in Tulsa, Oklahoma.
4 min read · 17 June 2011
Omnicare Clinical Research, a contract research organization owned by Nautic Partners, has re-named itself Theorem Clinical Research. Nautic bought the company in April, and the rebranding is part of the company’s separation from its former parent company. The company is based in King of Prussia, Pa. Nautic Partners is based in Providence, R.I.
3 min read · 17 June 2011
