Charlotte, N.C.-based private equity firm Falfurrias Capital Partners has invested an undisclosed amount in Dorsey Wright & Associates. Richmond, Va.-based Dorsey Wright provides technical investment research and money management services. Terms were not released.
3 min read · 15 November 2011
Neuberger Berman Group has raised $720 million for its NB Crossroads 2010 Fund, which will focus on investing in private equity funds and co-investments alongside buyout shops. Neuberger Berman has offices in New York, Dallas, London and Hong Kong.
2 min read · 15 November 2011
CITIC Capital Holdings Ltd. is raising a $600 million property fund to make retail investments in second- and third-tier Chinese cities, Reuters reported Tuesday. The fund, which is partly owned by China’s sovereign wealth fund, held a $225 million first close.
2 min read · 15 November 2011
Evercore Partners is paying $45 million to acquire a 45% non-controlling interest in ABS Investment Management. ABS Investment is an equity long/short hedge fund-of-funds manager. The deal is expected to close during the fourth quarter of this year.
3 min read · 14 November 2011
PBF Energy Inc., which is backed by buyout shops Blackstone Group and First Reserve Corp., has filed with regulators to raised up to $100 million in an initial public offering. The company, based in Parsippany, New Jersey, is a petroleum refiner. Citigroup, Morgan Stanley, Credit Suisse and Deutsche Bank Securities are underwriting the IPO, Reuters said.
1 min read · 14 November 2011
Yellow Media Inc., the publicly traded Canadian Internet company, is selling its online classified business – LesPAC Inc. – for $72.5 million. The buyer is Mediagrif Interactive Technologies Inc. The cash deal is effective immediately, the company said in a written release.
2 min read · 14 November 2011
Boston-based Webster Capital has added Robert Long as a senior general partner. Long worked previously to build a senior and mezzanine debt business for Allied Capital, which merged into Ares Capital in April 2010. Earlier in his career, Long worked for Montgomery Securities/Banc of America Securities and Nomura Securities.
2 min read · 14 November 2011
Buyout shop Permira is selling 6.4% stake in Hugo Boss, Reuters reported. The firm said the planned sale was not part of a plan to exit the fashion company. The Red & Black holding company, controlled by Permira, intends to sell 4.5 million preference shares in Hugo Boss via an accelerated bookbuild process, Reuters wrote.
2 min read · 14 November 2011
Morgan Stanley's Asia private equity arm is in talks to buy China’s HCP Holdings Inc., Reuters wrote Monday. The company could be valued at around $500 million, Reuters wrote. Morgan Stanley’s buyout arm aims to buy about 80% of the packaging company.
1 min read · 14 November 2011
BioAmber Inc., a renewable chemical company backed by NAXOS Capital Partners, Mitsui & Co. Venture Partners and Sofinnova Partners, has filed to raise up to $150 million in an initial public offering. The company posted a loss of $10.8 million in the first half of 2011, Reuters reported Monday.
1 min read · 14 November 2011
