Reuters reported this weekend that buyout firms including Kohlberg Kravis Roberts & Co. and TPG Capital are mulling the purchase of a minority stake in Yahoo. The firms are reportedly looking to buy stakes of up to 20%. The firms have signed confidentiality agreements with Yahoo.
4 min read · 14 November 2011
Buyout firm Highstar Capital is exploring the sale of water and wastewater company Utilities Inc., whose value is seen at about $500 million, Reuters wrote. New York-based Highstar acquired Utilities Inc. from Dutch utility Nuon in April 2006.
2 min read · 14 November 2011
Greene Holcomb & Fisher has named Phil Smith a managing director and senior member of the firm’s healthcare team, the firm announced Friday. Greene Holcomb & Fisher is a middle-market investment banking firm with offices in Minneapolis, Seattle and Phoenix.
2 min read · 11 November 2011
Deutsche Bank is buying asset management business Deutsche UFG Capital Management, Reuters reported Friday. Deutsche Bank already owns a 40% stake in the business. UFG Asset Management has about 370 million euros ($505 million) under management, Reuters wrote.
1 min read · 11 November 2011
WL Ross & Co. is buying up to 19.4% of Navigator Holdings Ltd.'s common stock for a total of $62.5 million. Navigator Holdings provides international seaborne transportation services to producers, traders and consumers of liquefied petroleum gas, petrochemical gases and ammonia.
2 min read · 11 November 2011
Shahir Kassam-Adams has joined the board of directors of OpenQ. Kassam-Adams is currently the Chief Strategy Officer of the Decision Resources Group. OpenQ is a provider of CRM biotech software, and has raised equity funding from investors including Grotech Ventures.
3 min read · 11 November 2011
National Asset Recovery Services Inc., which is backed by buyout shop H.I.G. Capital, has acquired Integrity Financial Partners. Terms of the deal were not released. HIG Capital is based in Miami, and has more than $8.5 billion under management.
2 min read · 11 November 2011
LBC Credit Partners provided $19.5 million in debt financing to private equity-backed Heat Transfer Products Group. The company, a manufacturer of commercial refrigeration equipment, is a portfolio company of Monomoy Capital Partners. The loan will be used to provide a dividend to the equity holders.
2 min read · 11 November 2011
Zain Fancy, the former head of Morgan Stanley's Asia real estate investment business, has set up a firm in Singapore to invest in small and medium-sized properties, Reuters wrote Friday. Fancy's Clifton Real Estate, named after the area in Pakistan's commercial capital Karachi where he was born, will focus on Singapore initially and look at buying assets worth up to $100 million.
2 min read · 11 November 2011
Fireman Capital Partners has sold its portfolio company Evolution Fresh Inc. to Starbucks Corp. Media reports valued the deal at around $30 million. Fireman Capital is a Boston-based, consumer-focused buyout firm. San Bernardino, Calif.-based Evolution Fresh was formed in 1993.
3 min read · 11 November 2011
