Riverside Partners, a private equity firm focused on healthcare and technology investments, has promoted Michelle Simon Noon and Max Osofsky to principal. Both joined the firm in 2008. Noon has completed investments in the software, communications equipment, precision manufacturing and renewable energy industries. Osofsky has worked on investments across the healthcare and technology sectors.
2 min read · 10 March 2011
Buyout shop Carlyle Group may raise between 1.5 billion and 2 billion euro ($2.1 billion to $2.8 billion) for a fourth European real estate fund, Reuters reported. The firm still has about 600 million euros remaining in the Carlyle Europe Real Estate Partners III fund, Reuters said, adding that it was expected to be fully invested this year.
3 min read · 10 March 2011
Africa-focused private equity firm Kingdom Zephyr will invest roughly $300 million across the continent, taking minority stakes in at least six companies in the next three years, Reuters reported. Kingdom Zephyr is currently investing $400 million that it raised in a 2008 fund, Reuters said.
2 min read · 10 March 2011
India's Kotak Mahindra Group aims to raise $300 million in local and international private equity funds for investments across infrastructure programs, Reuters reported. Japan's Sumitomo Mitsui Banking Corp and Canada's Brookfield Asset Management have signed on as investors in the fund, contributing up to 22.5% of the capital. India has said it needs to double infrastructure spending to $1 trillion over the next five years, Reuters said.
2 min read · 10 March 2011
Imperial Capital has added John Putrino as a managing director in the investment banking group. Previously Putrino was the head of North American lodging and leisure for the investment banking group at Credit Suisse. In his new role, Putrino will be based in New York, and will focus on the real estate, lodging and leisure sectors.
2 min read · 10 March 2011
Monroe Capital, an investment firm focused on the middle-market and lower middle-market, has added Warren Woo as a partner and managing director. Woo will lead the firm’s Los Angeles office and will cover the West Coast region. Previously, Woo was a founding partner and managing director at Moelis & Company. Chicago-based Monroe Capital – through its newest fund, Monroe Capital Partners Fund LP – provides senior and junior/mezzanine debt and equity co-investments for private equity-sponsored and privately held businesses.
3 min read · 10 March 2011
Private equity firms Carlyle Group and Affinity Equity Partners are through to the second round of bidding for Malaysian glovemaker YTY group, Reuters reported. The company is valued at roughly $330 million. Buyout shop EQT did not make it through to the second round. YTY manufactures medical gloves.
2 min read · 10 March 2011
The Middle East Venture Capital Fund has secured $28.7 million for the first venture fund targeting Palestinian technology companies. Based in Ramallah, the fund has sealed investments from Cisco, Google, The Soros Economic Development Fund, Skoll Foundation and the European Investment Bank. The fund will focus on startup companies in the Internet, mobile and software sectors created by entrepreneurs in the West Bank.
3 min read · 09 March 2011
Austin-based Freescale Semiconductor has added Daniel McCranie to its board of directors. McCranie currently is chairman of the board for ON Semiconductor and serves on the board of Cypress Semiconductor. He replaces Kevin Burns, a partner at TPG Capital, on the board. Freescale, which makes chips used in the automotive, networking and consumer markets, is currently owned by Blackstone, Carlyle, Permira and TPG. The chipmaker filed in February for an IPO that could raise as much as $1.15 billion.
2 min read · 09 March 2011
Private equity investors Bain Capital Partners, J.P. Morgan Partners and Thomas H. Lee Partners are among those selling stakes in publicly traded Warner Chilcott plc. Warner Chilcott announced Wednesday a secondary offering of 25 million of its ordinary shares. The company will not receive proceeds from the sale, but will pay the expenses of the offering, according to a press release.
2 min read · 09 March 2011
