San Diego-based Nexus Dx Inc. has named Joseph Nemmers Jr. to its board of directors. Nemmers is the principal in a private consulting practice specializing in the pharmaceutical and medical device industries, and serves as an advisor to Warburg Pincus . Nexus is backed by investors including Bay City Capital, Kleiner Perkins Caufield & Byers, Prolog Ventures and Warburg Pincus.
2 min read · 09 March 2011
Private equity firm Advent is the frontrunner in the bidding for the Carbon Black unit of German chemical maker Evonik, Reuters reported. Advent is among three investors who have made bids of about 1 billion euros ($1.39 billion) for the business, which supplies carbon particles used in tires, laser printer and photocopier toners, Reuters wrote.
1 min read · 09 March 2011
Standard Chartered Private Equity has invested 850 million rupees ($18.9 million) in Indian chemical manufacturer Privi Organics Ltd., Reuters reported. The money will be used to fund expansion of Privi's manufacturing facilities.
1 min read · 09 March 2011
San Diego-based Grid2Home has closed a second round of financing led by Granite Ventures. The communications software company is focused on “Smart Grid” connectivity technologies. Details of the financing were not released. The money will be used to take Grid2Home’s software into production.
3 min read · 09 March 2011
Crothall Services Group has acquired Chicago-based Healthcare Laundry Systems, providing an exit for New York-based private equity firm Blue Wolf Capital Partners LLC. An affiliate of Blue Wolf created Heathcare Laundry in November 2008 through acquisitions of assets from a consortium of not-for-profit hospitals. As its name implies, the company provides laundry services for healthcare facilities. Terms of the sale were not released.
3 min read · 08 March 2011
San Francisco-based Altamont Capital Partners has named Casey Lynch to the post of managing director. Lynch worked previously as a partner at SFW Capital, and in his new role will focus on investments in healthcare and business services. Altamont Capital is a middle market private equity firm with $500 million under management.
2 min read · 08 March 2011
Kohlberg Kravis Roberts & Co. has named Ralph Rosenberg managing director to lead its global real estate investing efforts. Rosenberg previously served as co-chief operating officer of Goldman’s Whitehall Funds and the Archon Capital Commercial Real Estate Lending Platform. He also previously co-headed Goldman’s Special Situations Group before founding his own investment firm, R6 Capital Management, which focused on commercial real estate, asset-based and corporate credit opportunities.
3 min read · 08 March 2011
Nine Entertainment, which is owned by buyout shop CVC Asia Pacific, has sold its stake in carsales.com for $565 million, Reuters reported. The sale was aimed at cutting debt and taking advantage of a recent rally in the shares of the Australian online car classifieds business, Reuters wrote. CVC has been considering an initial public offering for Nine Entertainment, and recently hired Credit Suisse, Goldman Sachs and UBS to advise on an IPO.
2 min read · 08 March 2011
Kabra Extrusiontechnik Ltd., a unit of India’s Kolsite Group, has acquired a 15% stake in Gloucester Engineering Co. Kabra will acquire a stake in the company’s equity and debt and provide additional capital resources. Specific terms of the deal were not released. Private equity firm Blue Wolf Capital Partners is the majority owner of Gloucester Engineering.
3 min read · 08 March 2011
Seven groups have been shortlisted for the second round of bidding in the auction for Polish mobile phone company Polkomtel, Reuters reported. The next round of bids are due in April, Reuters said, with a joint offer from private equity firms TPG Capital and Blackstone expected to compete with proposals from buyout shops Apax Partners, Kohlberg Kravis Roberts & Co., Providence Equity Partners, and Polish tycoon Zygmunt Solorz Zak, among others.
2 min read · 08 March 2011
