Sequel Youth and Family Services, which is backed by Los Angeles-based Levine Leichtman Capital Partners, has acquired Camelot System of Care. Financial terms of the deal were not released. Sequel develops and operates residential and community-based programs for people with behavioral, emotional, or physical challenges. Camelot has developed unique residential programs that focus on children with autism and autism-related disorders. Camelot was advised by Cain Brothers & Company. Senior debt financing was provided by Fifth Third Bank and MidCap Financial LLC.
3 min read · 07 March 2011
North Plains LLC, a provider of digital asset management software, has closed an undisclosed amount of growth equity from Accel-KKR. Terms of the deal were not released. Accel-KKR was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core investment strategy.
4 min read · 07 March 2011
Online fashion retailer Privalia is buying Germany's Dress for Less in an effort to expand its internet clothing business, Reuters reported, estimating the value of the deal between 150 million and 200 million euro ($210-280 million). Financial terms of the deal were not released, though Privalia has said that it’s raising 88 million euros ($123 million) for the deal from private equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners, Reuters wrote.
2 min read · 07 March 2011
Private equity group PAI Partners said that it is continuing talks with several candidates for its 50% stake in yogurt maker Yoplait, and that it hopes to select a buyer by the end of March, Reuters reported. China’s Bright Foods remains among the contenders for the stake.
1 min read · 07 March 2011
Russia is forming a $10 billion fund to co-invest with international private equity firms, Reuters reported, citing an article in the Financial Times. The country is making an effort to increase foreign investment in the country, and has reportedly approached firms including Apollo Management, Blackstone Group and the Carlyle Group.
1 min read · 07 March 2011
Venture capital firm Canaan Partners has named Rahul Khanna managing director of Canaan India. In the new role, he will lead investments in early-stage, India-based technology companies in the consumer Internet, mobile, software, and managed services industries, the firm said. Previously, Khanna was a founding director of Mumbai-based Clearstone Venture Advisors, the India advisory practice of Clearstone Venture Partners.
4 min read · 04 March 2011
Buyout group Providence Equity Partners earned 760 million euros ($1.06 billion) by selling half of its stake in German cable operator Kabel Deutschland, Reuters reported. The firm reduced its stake to 22% from 43.7%.
1 min read · 04 March 2011
Private equity firms Affinity Equity Partners and Unitas Capital are planning to exit Beijing Leader & Harvest Technologies Co. in a deal that could reach up to $500 million, Reuters reported. The firms have hired Deutsche Bank to run a dual-track IPO and auction for the Chinese energy-saving company.
1 min read · 04 March 2011
Private equity firm Partners Group and DUET Private Equity invested an undisclosed amount of mezzanine financing in the Magasin du Nord flagship department store property in Copenhagen, the company said. The financing was provided as part of a transaction where Solstra Investment acquired the property.
2 min read · 04 March 2011
Private equity firm Kohlberg Kravis Roberts & Co. has led a 105 million euro ($146.5 million) mezzanine financing as part of Bain Capital Partners’ acquisition of IMCD Group. Netherlands-based IMCD provides marketing, sales and distribution of specialty chemicals, food and pharmaceutical ingredients.
3 min read · 04 March 2011
