Middle-market buyout firm Sentinel Capital Partners has added Brian Davis to lead its new investment sourcing efforts. Previously, Davis was a partner and managing director at McColl Partners, a middle market investment banking firm. Earlier he worked at DeWolff Boberg & Associates, a management consulting firm. Sentinel Capital is based in New York.
2 min read · 23 May 2011
Irish financial services company IFG Group has received a new takeover approach, Reuters reported, though the name of the potential buyer was not disclosed. The Sunday Times has reported that private equity firm Fiordland, which owns 18% of IFG Group, is the newest suitor. The Sunday Times also named private equity rival Bregal Capital as another potential buyer, saying the firm approached IFG earlier this month.
1 min read · 23 May 2011
KSL Capital Partners announced Monday that it has acquired InterContinental Montelucia Resort & Spa in Scottsdale, Arizona. Financial terms of the deal were not released. Following the deal, the resort will operate as an independent resort and will remain affiliated with InterContinental Hotels & Resorts as an InterContinental Alliance Resort. The resort will be managed by KSL Resorts. KSL Capital Partners is a private equity firm specializing in travel and leisure investments. The firm has offices in Denver and New York.
3 min read · 23 May 2011
Bank of America Merrill Lynch announced Monday that Mary Ann Deignan will join as managing director and head of Americas Equity Capital Markets. Beginning in August, Deignan will be responsible for equity and equity-linked capital markets, syndicate and corporate equity derivative activities in the region. Previously, Deignan spent seven years at UBS.
3 min read · 23 May 2011
EQT Infrastructure will pay 180 million euros ($252 million) to acquire the car park business from Spanish infrastructure and renewable energy group Acciona. EQT bought 29 car parks in Spain and Andorra. The deal reportedly includes 40 million euros of debt. The investment is the first for EQT Infrastructure in Spain.
3 min read · 23 May 2011
Agricultural biotechnology company Ceres Inc., whose shareholders include Warburg Pincus and Monsanto Co., has filed to raise up to $100 million in an initial public offering, Reuters reported. Boston, Massachusetts-based company will use the proceeds for seed production, general corporate purposes and acquisitions. Barclays Capital and Goldman Sachs will be the underwriters.
1 min read · 23 May 2011
Lone Star is set to become the top shareholder in Tokyo Star Bank, as Japanese private equity firm Advantage Partners will relinquish ownership due to trouble repaying debt, Reuters reported. Advantage Partners will hand over all its shares in Tokyo Star to lenders in return for not having to repay loans extended for its 280 billion yen purchase of the bank, Reuters wrote. Lone Star will own about one-third of Tokyo Star through its stake in two new special purpose entities that will hold 98% of the bank.
3 min read · 23 May 2011
Kohlberg Kravis Roberts & Co. is expected to pay $425 million to buy Ipreo Holdings, a provider of capital-markets data for financial institutions, Reuters reported, citing an article in the Wall Street Journal. The firm will buy Ipreo from Veronis Suhler Stevenson. Ipreo was formed by the merger of i-Deal and Hemscott in 2006, with the backing of Veronis, Merrill Lynch and Citigroup, Reuters wrote.
1 min read · 23 May 2011
The Asian Development Bank will invest $60 million to help set up three venture funds dedicated to new climate change technologies, the bank announced Monday. The funds will primarily target companies in China and India. ADB is injecting $20 million each into the three funds: Aloe Environment Fund III, Keytone Ventures II, and VenturEast Life Fund III.
3 min read · 23 May 2011
Buyout shop Kohlberg Kravis Roberts & Co. has added Marius Haas as an industry advisor. Haas joined from Hewlett-Packard, where he was senior vice president and worldwide general manager of the HP Networking Division. Prior to joining Hewlett-Packaged in 2001, Haas spent six years with Compaq Computer Corp. in various senior operating roles. At KKR, he will help the team identify and pursue new investments, particularly in the technology sector.
3 min read · 23 May 2011
