Private equity firm Blue Wolf Capital Partners has added Bob Sharp as an operating partner. Most recently, Sharp was chief restructuring officer for Gloucester Engineering Corp., which is now majority-owned by Blue Wolf. Previously, he held positions at American Capital Strategies and specialty-chemicals company Enthone. Blue Wolf is based in New York, and focuses on middle market companies.
2 min read · 01 February 2011
Evan Bayh, a former Governor of Indiana and US Senator, has joined law firm McGuireWoods as a partner in its Washington office. Bayh will serve as a strategic advisor to the firm’s domestic and international clients, particularly those whose business goals are impacted by public policy, the firm said in a statement. Bayh also serves as a senior advisor at Apollo Global Management in New York.
2 min read · 01 February 2011
Belgian cable operator Telenet is considering a bid for the Brussels-based unit of France's Numericable, Reuters reported. Numericable, which is backed by private-equity firms Cinven Ltd, The Carlyle Group and Altice, told Reuters it had made no decision about a sale.
2 min read · 01 February 2011
Bloomington, Indiana-based ProCure Treatment Centers has raised $40 million in private equity financing led by Maverick Capital. The funding will help ProCure develop and expand its network of proton therapy centers. Proton therapy is a form of radiation treatment and an alternative to standard X-ray radiation for patients with cancer and for some non-cancerous tumors. Previously, ProCure had raised more than $70 million from investors including McClendon Venture Company.
2 min read · 01 February 2011
Buyout shop Kohlberg Kravis Roberts & Co. has agreed with an undisclosed Turkish partner to bid for assets belonging to media group Dogan Yayin, Reuters reported. Pragma Corporate Finance is advising the partnership between KKR and the Turkish partner, Reuters said.
1 min read · 01 February 2011
Indian private equity firm Milestone Capital Advisors plans to invest $450 million this year, Reuters reported. The firm will focus on education, healthcare and real estate industries. Milestone, which is also planning an initial public offering this year, has roughly $900 million under management, Reuters said.
2 min read · 01 February 2011
Silicon Valley venture firm Accel Partners has added Greg Waldorf as CEO-in-residence. Waldorf has spent the last five years as CEO of the online dating site eHarmony. Waldorf will work with existing Accel portfolio companies, and with the Accel team to identify new ventures. Waldorf has previously worked with Accel on the board of real estate site Trulia.
3 min read · 01 February 2011
Partners Group has invested an undisclosed amount in Korean company Saehwa International Machinery. Partners was joined in the funding by STIC Investments. Saehwa is an outsourcer for tire mold and drum manufacturing, and a manufacturer of tire building machinery. The company is based in Korea, with operations in China and North America.
2 min read · 01 February 2011
Baring Private Equity Asia has closed its largest fund to date, with $2.46 billion, Reuters reported. The fund will invest across a range of Asian countries. Baring has more than 30 institutional investors contributing to the new fund, Reuters said, with roughly half coming from North America, and 28 percent from Asia and a quarter from the Middle East and Europe.
1 min read · 01 February 2011
Air cargo carrier Southern Air Holdings, which is backed by Oak Hill Capital, has named Robert Crandall to its board. Crandall is a former chairman and chief executive of AMR Corporation and American Airlines. Crandall is currently chairman of Celestica and is a director at Aircell. Southern Air is based in Norwalk, Conn.
2 min read · 31 January 2011
