3 min read · 01 November 2011
CVC Capital Partners could reconsider its plan to sell Belgian chemicals company Taminco and Dutch supermarket chain C1000 and opt to recapitalize them instead, Reuters reported Monday. Both companies have been put up for sale by CVC and attracted interest from trade buyers and buyout houses after first round bids were due in October.
2 min read · 31 October 2011
Encompass Supply Chain Solutions Inc., a provider of forward and reverse logistics for electronics products and replacement parts, has completed its acquisition of the assets of Encompass Group Affiliates Inc. Terms were not released. The board of Encompass Supply Chain Solutions includes representatives from Sankaty Advisors, the credit affiliate of Bain Capital.
3 min read · 31 October 2011
Mountain View, Calif.-based Adaptive Planning has named John Herr as its new chief executive. The company, which provides on-demand corporate performance management software, is backed by venture firms ONSET Ventures, Monitor Ventures, Cardinal Venture Capital and Clairmont Capital. Herr was most recently an executive-in-residence at Norwest Venture Partners. Earlier, he was president and CEO at EZ Shield, a technology-enabled services company. He has also worked as vice president and general manager at eBay and PayPal.
3 min read · 31 October 2011
A new fund, Atlon Capital Partners, has formed to focus on middle-market buyouts in France. The firm was started in October by Thibaut de Chassey and Edouard Thomazeau, both previously partners at French midmarket firm AtriA Capital Partenaires. Alton Capital Partners will focus on companies with an enterprise value between 30 million Euro and 150 million euro.
2 min read · 31 October 2011
CryoLife Inc., a tissue processing and medical device company focused on cardiac and vascular surgery, has sealed up to $20 million in debt financing from GE Capital, Healthcare Financial Services. The revolving credit facility will be used for working capital, acquisitions and other corporate purposes, the company said. The financing is an expansion of the company’s previous facility of $15 million and expires in October 2014.
5 min read · 31 October 2011
Arle Capital Partners, the former buyout arm of Candover Investments, has reignited talks to sell Capital Safety Group, Reuters reported, citing the Financial Times. Last month, Arle Capital stopped preparations for a sales auction due to turmoil in European markets. Capital Safety, a UK-based safety harness maker, is valued at up to 1 billion pounds ($1.6 billion) including debt.
1 min read · 31 October 2011
Len Blavatnik's Warner Music Group, the frontrunner in the sale of music group EMI's assets, has walked away from the auction, Reuters reported Monday, citing a piece in the Financial Times. Blavatnik, whose Access Industries group bought Warner Music earlier this year, had looked set to win from Citigroup a $1.5 billion (939.3 million pounds) deal for EMI's labels which include Capitol and Virgin, Reuters wrote.
2 min read · 31 October 2011
Marine firm Siem Kapital and fund manager North Atlantic Value will pay 32 million pounds ($52 million) in cash to buy GTL Resources, the owner of an ethanol and bio-refining company, Reuters reported. Siem and NAV will pay one pound a share for GTL, which produces over one million gallons of ethanol per year through its subsidiary Illinois River Energy.
2 min read · 31 October 2011
The Carlyle Group has hired Sanghyun Lee away from buyout fund Affinity Equity Partners, tapping him to lead its Korean investments, Reuters reported Monday. Lee, a Korean native who led such investments as Korean skincare company TheFaceShop for Affinity, will be a Seoul-based managing director for Carlyle Asia Partners, Reuters reported.
2 min read · 31 October 2011
