Oil exploration and production firm Kosmos Energy, which is backed by buyout shops Blackstone Group and Warburg Pincus, has named Brian Maxted to the post of chief executive, Reuters reported. Maxted previously served as chief operating officer. The company also named independent director John Kemp III to the post of chairman, Reuters said.
1 min read · 04 January 2011
SAIL Venture Partners has added Christopher Brown as a senior associate and Stefan Zylik as controller. Brown will be based in the firm’s California offices. Zylik will work out of New York. SAIL Venture Partners focuses on cleantech investing, specifically in energy, water and green innovation. The firm has offices in Arlington, Va., Irvine, Calif.; and New York.
3 min read · 04 January 2011
In connection with its takeover by the Carlyle Group, communications cable maker CommScope said it plans to raise $1.5 billion in senior notes due in 2018. The money will be used to finance the buyout, and to pay for other fees and expenses related to the deal. In October, private equity giant Carlyle offered roughly $2.9 billion for the Hickory, North Carolina-based company.
2 min read · 04 January 2011
Fresenius Medical Care will pay 485 euros ($649.5 million) for International Dialysis Centers, a company currently owned by private equity-backed Euromedic International, Reuters reported. Fresenius is the world’s largest dialysis company. International Dialysis operates 70 clinics, mainly in Eastern Europe. It’s parent company, Euromedic, is owned by Merrill Lynch's private equity arm and by Swiss billionaire Ernesto Bertarelli, Reuters said.
2 min read · 04 January 2011
H.I.G. Europe has joined with Anvis Chief Executive Olaf Hahn to acquire Anvis, a German automotive supplier of anti-vibration systems, from Arques Industries. Financial terms of the deal were not released. H.I.G. Capital has more than $8.5 billion of equity capital under management. The private equity firm is based in Miami, and with offices across the world.
3 min read · 04 January 2011
DeMet's Candy Co., which is owned by Greenwich, Conn.-based private equity firm Brynwood Partners, has acquired the TrueNorth nut snack brand from Frito-Lay North America. Financial terms of the deal were not released. Formed in 2007, DeMet’s Candy manufactures chocolate candies, and is based in Stamford, Conn. Brynwood Partners has more than $500 million under management.
2 min read · 04 January 2011
South Korea’s National Pension Service is planning to form a private equity fund with local conglomerates including KT Corp. and SK Group, Reuters reported, citing a South Korean newspaper. South Korea’s national pension is the fourth largest in the world, and will focus its private equity investments in overseas resources and in green industry investments, Reuters said.
1 min read · 04 January 2011
Publicly traded Helen of Troy Ltd has acquired health care and home environment company Kaz in a $260 million deal, providing an exit for buyout shop Centre Partners Management. Centre Partners made an undisclosed strategic investment in Kaz in 2002. Centre Partners Management has offices in New York and Los Angeles. Formed in 1926, Southborough, Mass.-based Kaz makes products including vaporizers, humidifiers and blood pressure monitors.
4 min read · 03 January 2011
Private equity firm Tailwind Capital has acquired Ericsson Federal, a unit of telecommunications giant Ericsson that focuses on the U.S. federal government market. Financial terms of the deal were not released. New York-based Tailwind renamed the company Oceus Networks. Ericsson did not retain a stake in the Reston, Virginia-based company.
4 min read · 03 January 2011
Continuing to raise the stakes for the sale of Canada's Baffinland Iron Mines, Nunavut Iron has upped its offer to 1.45 Canadian dollars ($1.45) per share, Reuters said. The group - backed by U.S. private equity firm Energy & Minerals Group – increased its offer Friday after steel giant ArcelorMittal hiked its bid for Baffinland to $1.40 per share, or $550 million.
2 min read · 03 January 2011
