Private equity firm 3i Group has completed its acquisition of debt management business Mizuho Investment Management from parent company Mizuho Corporate Bank. The deal was valued at 18.3 million pounds ($29.3 million).
1 min read · 16 February 2011
One Call Medical, which is owned by private equity investor Odyssey Investment Partners, has acquired Express Dental Care for an undisclosed amount. Parsippany, N.J.-based One Call is a provider medical cost containment projects. Express Dental is a national dental network designed to address the workers’ compensation, auto, and liability industries.
3 min read · 16 February 2011
Middle-market buyout shop Genstar Capital has promoted J. Ryan Clark to managing director. Clark joined Genstar in 2004, and focuses on the information and insurance services industries. He serves on the boards of portfolio companies including Confie Seguros, Granite Global Solutions and MidCap Financial. San Francisco-based Genstar has more than $3 billion under management.
2 min read · 16 February 2011
A group of private equity investors, including Direct Principal Investments, a division Britain's HSBC Plc, have acquired a majority interest in Tanzania's Chemi & Cotex Industries, Reuters reported. Satya Capital and Kenya-based Catalyst Principal Partners are part of the investor consortium. Financial terms of the deal were not released. Chemi & Cotex manufactures toothpaste, cosmetics and food products.
1 min read · 16 February 2011
Research in Motion, which makes the BlackBerry smartphone, has acquired Seattle-based business social networking company Gist for an undisclosed sum, Reuters reported. The deal is designed to help Research in Motion bolster its position against Apple, Google's Android, and the newly announced combination of Nokia and Microsoft. Gist aggregates information on a user's contacts from various social media and news feeds and incorporates it in a consolidated profile, Reuters wrote. Gist had previously raised at least $10 million from Foundry Group and Vulcan Capital.
3 min read · 15 February 2011
The European arm of private equity firm H.I.G. Capital has acquired German recycling company Der Grune Punkt-Duales System Deutschland from buyout shop Kohlberg Kravis Roberts & Co. H.I.G. Europe is investing alongside a group of private investors.Financial terms of the deal were not released. Kohlberg Kravis Roberts & Co. acquired the Cologne-based recycling company in January 2005.
4 min read · 15 February 2011
Lightyear Capital will acquire real estate investment management firm Clarion Partners from ING Group. Lightyear is partnering with the management of Clarion Partners on the buyout. Financial terms of the deal were not released. Founded in 1982, Clarion Partners has more than $22 billion in assets. Lightyear is based in New York.
2 min read · 15 February 2011
Middle-market private equity firm Irving Place Capital has named Jeffrey Wood as a senior ddvisor for the firm's industrial practice. Wood was formerly President of Airfoil Technologies, an aircraft engine component manufacturer. He has also held various positions at Pratt & Whitney, Interturbine, and General Electric. Irving Place Capital is based in New York.
2 min read · 15 February 2011
Four founding partners of venture firm Sequoia Capital’s India unit have quit to start a new company for public market investments in India, Reuters reported. The partners – Sumir Chadha, K.P. Balaraj, S.K. Jain and Sandeep Singhal – will continue to represent Sequoia on the boards of portfolio companies, Reuters said. Sequoia named a team of five new managing directors who will run the India unit.
1 min read · 15 February 2011
Private equity fund Clessidra is dropping plans to bid on RCS MediaGroup's $50-million-stake in Italian Internet company Dada, Reuters reported. RCS, the publisher of Italian newspaper Corriere della Sera, started due diligence on its 50.7 percent Dada stake in October, Reuters wrote. The Carlyle Group is rumored to be interested in the Dada stake, as are Germany's United Internet and France's Digital Virgo, Reuters reported.
2 min read · 14 February 2011
