Life sciences entrepreneur Dale Pfost has joined Advent Venture Partners as a venture partner. Pfost will be based in the U.S., and will work alongside general partners Shahzad Malik and Raj Parekh to manage investments for the firm’s $120 million Advent Life Sciences venture capital fund, which closed in November.
3 min read · 05 January 2011
Miami-based private equity firm Empire Investment Holdings has completed its acquisition of the Groesbeck filtration business unit of Ahlstrom Corp. Financial terms of the deal were not disclosed. Groesbeck manufactures nonwoven air filtration media for the heating, ventilation and air conditioning industry.
2 min read · 05 January 2011
Private equity firms Blackstone and Kohlberg Kravis Roberts & Co. are teaming up in a bid for medical test maker Beckman Coulter, Reuters reported. Two other firms, Apollo and the Carlyle Group, may also join forces as the auction for Beckman enters a second round, Reuters said. Beckman, which has a market capitalization of roughly $5 billion, hired Goldman Sachs Group Inc. to help it weigh options, including a possible sale, Reuters reported last year.
2 min read · 05 January 2011
Greenwich, Conn.-based private equity firm Brynwood Partners has said that its newly formed portfolio company High Ridge Brands has bought the Zest brand from Procter & Gamble. Financial terms of the deal were not released. The new company will be based in Stamford, Conn. Brynwood Partners has more than $500 million under management.
2 min read · 05 January 2011
Private equity firm Mason Wells has invested an undisclosed amount into Gurnee, Illinois-based Paris Presents Inc., a maker of branded and private label personal care products. Mason Wells, along with Paris Presents' existing management team, acquired the company from previous owners the Zall family. No terms of the deal were released.
2 min read · 04 January 2011
Private equity fund-of-funds KCC Management has spun off from Key Capital Corporation and has been renamed Cuyahoga Capital Partners. The new firm will be led by managing partners Chris Hanrahan and Bart Shirley. Cuyahoga Capital is based in Cleveland.
2 min read · 04 January 2011
Amalfi Semiconductor, which is backed by Battery Ventures, DCM, Globespan Capital Partners and Trinity Ventures, has named Mark Foley chief executive. Foley was previously the co-founder and previous CEO of RF Magic, a semiconductor company. Amalfi Semiconductor is based in Los Gatos, Calif.
3 min read · 04 January 2011
Private equity firm Lovell Minnick Partners LLC has promoted John Cochran to managing director. Prior to joining the firm in 2008, Cochran was a principal at SV Investment Partners. Lovell Minnick has $800 million under management, and offices in the Los Angeles and Philadelphia areas.
2 min read · 04 January 2011
Private equity firm TA Associates has acquired a minority stake in Evanston Capital Management, an Illinois-based hedge fund-of-funds manager. Financial terms of the deal were not released. Middle-market buyout shop TA Associates has more than $16 billion in capital, and offices in Boston, London, Mumbai, and Menlo Park, Calif.
4 min read · 04 January 2011
Nordic private equity firm Norvestor Equity AS has acquired Aptilo Networks, a developer of technology to control billing, user services and access in wireless networks. Financial terms of the deal were not released. Aptilo also announced that it would buy Service Factory, a division of publicly traded Birdstep Technology. Terms of the acquisition were not disclosed.
3 min read · 04 January 2011
