Private Equity
Hamilton Lane has added Richard Hope as vice president in the London office. Previously, Hope was a director with Alliance Trust Equity Partners, where he helped establish a private equity fund investment business and build out a portfolio of European Private Equity Fund investments.
2 min read · 10 January 2012
Menlo Park, Calif.-based venture firm InterWest Partners has added Reza Zadno as a venture partner. Zadno will source new investments, and work with existing InterWest portfolio companies. Previously, he was founder, president and CEO of Visiogen, the developer of an accommodating intraocular lens to treat cataracts and presbyopia. That company was acquired by Abbott-Medical Optics.
4 min read · 10 January 2012
Grey Mountain Partners has acquired Tampa, Fla.-based Custom Components Company, a materials manufacturer of aluminum, stainless steel and glass architectural engineered products like office doors and rail doors. Terms of the deal were not released. Grey Mountain Partners is a Boulder, Colo.-based private equity firm.
2 min read · 10 January 2012
CAI Private Equity has sold its majority interest in portfolio company TurboCombustor Technology Inc. Terms of the deal were not released, but the firm said that co-investor AeroEquity Inc. will maintain a stake in TurboCombustor. The Stuart, Fla.-based portfolio company is a manufacturer of highly-engineered combustors and related “hot section” engine components for aerospace and industrial power generation applications. It was acquired in early 2004 by CAI and AeroEquity.
2 min read · 10 January 2012
Malaysia-based private equity firm Navis Capital Partners on Tuesday said it has completed the sale of its Dunkin' Donuts and Au Bon Pain business in Thailand to Sub Sri TPC for 1.32 billion baht ($41.56 million), Reuters wrote Tuesday. Navis acquired a controlling stake in the Thai Dunkin' Donuts and Au Bon Pain business in 2006.
1 min read · 10 January 2012
Investcorp Technology Partners has acquired a “significant minority stake” in Thought Equity Motion, a Denver-based provider of cloud-based video management and footage licensing services. Investcorp Technology Partners invested a total of $28 million, the company announced, making it the largest single shareholder in the company.
3 min read · 10 January 2012
Pittsburgh-based Titanium products maker RTI International Metals will pay $164.5 million for Remmele Engineering, Reuters reported Tuesday. Remmele, which was bought by private equity firm Goldner Hawn Johnson & Morrison in 2007, caters to the aerospace, defense and medical device sectors.
1 min read · 10 January 2012
Industrial Opportunity Partners has exited its investment in FAS Controls Inc., selling the company to Netherlands-based Kendrion NV. Terms of the deal were not released. FAS Controls is a maker of electromechanical devices, pneumatic control valves and lighting products used in commercial vehicles, diesel engines, powersport vehicles, and construction & agricultural equipment. IOP acquired the Company from Honeywell International in February 2007.
2 min read · 10 January 2012
Venture firm Crosslink Capital has promoted Eric Chin and Isabelle Fymat to General partner. Chin joined the firm from Bay Partners in 2010. He focuses on investments in the Internet, software, and services sectors, and was responsible for launching the company's first seed fund which completed 23 investments in 2011. Fymat joined Crosslink in 2004. She led early investments in companies including Google, Vista Print, Omniture, and Priceline, the firm said in a written release.
3 min read · 09 January 2012
Sandata Technologies, provider of a software-as-a-service product for the home care industry, has named Tom Underwood as its new chief executive. Previously, he served as Chief Executive Officer of Alere Health. He has also worked as president and chief operating officer for Matria Healthcare, which later merged with Alere. Sandata is backed by Stripes Group.
3 min read · 09 January 2012
