Platinum Equity has added Robert Klap as principal. Klap, who previously managed private equity investments for a USB wealth management group, will be based in London. Formed in 1995 Platinum Equity focuses on mergers and acquisitions in the information technology, telecommunications, logistics, metals services and manufacturing industries.
2 min read · 06 January 2011
A number of buyout shops are eyeing Fortune Brands’ home products unit, Reuters reported. Private equity firms Blackstone Group and Bain Capital are among those considering an offer. Fortune Brands recently announced plans to spin off the $3 billion division, Fortune Brands Home & Security LLC, Reuters said.
3 min read · 06 January 2011
Buyout shop CVC plans to buy Capio Sanidad, a private healthcare unit of private equity backed European hospital group Capio, Reuters reported. Capio is currently owned by Apax and Nordic Capital. The deal, which may close this month, values Capio Sanidad at roughly 900 million euros ($1.2 billion).
1 min read · 06 January 2011
Wilton, New York-based Pet Partners Holdings has raised $21.5 million in debt financing from PNC Mezzanine Capital. Pet Partners operates full-service veterinary clinics across 11 states, and will use the financing – which was in the form of senior and junior subordinated debt with warrants – to help with continued growth. M&T Investment Banking Group, a division of M&T Bank, advised Pet Partners in the deal.
2 min read · 05 January 2011
The Blackstone Group has added Sandy Ogg as an operating partner in its portfolio operations group. Ogg, who served most recently the chief human resources officer for Unilever, will be based in New York.
3 min read · 05 January 2011
San Francisco-based private equity firm Friedman Fleischer & Lowe has invested an undisclosed amount in TriTech Software Systems, a provider of public safety software for law enforcement and emergency service agencies. The financing is designed to help TriTech grow its business organically and through acquisitions.
3 min read · 05 January 2011
National Surgical Hospitals, recently recapitalized by New York-based private equity firm Irving Place Capital, will acquire a majority interest in Lafayette Surgical Specialty Hospital, a specialty hospital in Louisiana. Financial terms of the recapitalization and acquisition were not released. National Surgical Hospitals owns, operates and develops surgical hospitals and surgery centers. It will own 56.9% of Lafayette Surgical, following the deal.
3 min read · 05 January 2011
Private equity firm Thomas H. Lee Partners is planning to buy Acosta, a food marketer currently owned by buyout shop AEA Investors, in a deal valued at more than $2 billion, Reuters reported, citing a report by Bloomberg.
1 min read · 05 January 2011
Gitanjali Gems Ltd., an Indian jewelry company, is in talked with two unnamed private equity players to raise as much as $100 million, Reuters reported. The deal is expected to close in February, Reuters said. Gitanjali, which is currently undergoing restructuring, plans to divest 10% to 12% equity, Reuters wrote.
1 min read · 05 January 2011
U.S.-based buyout shops Kohlberg Kravis Roberts & Co. and TPG Capital are on the short list of potential buyers for the assets of Turkish media group Dogan Yayin, Reuters reported. Time Warner is also among those shortlisted for the sale, Reuters said. The starting price for the properties is estimated between $1.6 billion and $1.8 billion, Reuters said.
1 min read · 05 January 2011
