Kohlberg Kravis Roberts & Co. has appointed former Singapore government minister Lim Hwee Hua as a senior adviser, the firm announced Monday. Lim will be the first senior adviser KKR has hired for Southeast Asia.
2 min read · 10 October 2011
Guggenheim Partners is paying $440 million in cash to buy EquiTrust Life Insurance Company from FBL Financial Group, the company announced Friday. EquiTrust Life sells fixed and indexed annuities and life insurance nationally.
6 min read · 07 October 2011
SHUAA Capital has named Michael Philipp chief executive officer, replacing Sameer Al Ansari. Philipp was previously a member of the group executive board of Credit Suisse, as well as chairman of Credit Suisse Europe, Middle East and Africa.
4 min read · 07 October 2011
American Capital has invested $15 million to support BMO Capital Markets' syndication of a $100 million debt financing to support the purchase Flexera Software by Teachers' Private Capital. The acquisition was announced in July. Thoma Bravo, the seller, is retaining a minority stake. Financial terms weren’t disclosed.
2 min read · 07 October 2011
Clean Urban Energy, a maker of energy storage and smart grid technology, has named Steve Schaefer senior vice president of corporate development. Schaefer previously co-founded Enerlogics, a consulting company specializing in demand response, energy efficiency, and renewables. Clean Urban Energy recently sealed a $7 million financing round from Battery Ventures and Rho Ventures.
2 min read · 07 October 2011
Ares Capital has offered $1.55 billion for 99 Cents Only Stores, topping a $1.41 billion offer reportedly made by Leonard Green & Partners, Reuters reported, citing the New York Post. Ares reportedly offered $22 a share for the company. Shares of 99 Cents closed at $20.05 Thursday.
2 min read · 07 October 2011
Avista Capital Partners has added Hakan Bjorklund as healthcare operating executive, the firm announced Thursday. Bjorklund was previously chief executive of Nycomed, a former Avista portfolio company that was sold to Takeda Pharmaceuticals.
3 min read · 07 October 2011
Alliance Warburg Capital Management and James Caparro—an ex-Universal Music executive and now chief executive of Yamani Global Equities—have made an offer to buy EMI Group’s music and publishing units. The news came via a press release Thursday, though specific details were not disclosed. Yamani Global Equities is a private equity firm focused on sports and entertainment.
2 min read · 07 October 2011
Buyout shops Kohlberg Kravis Roberts & Co., Olympus Capital and Advantage Partners are among those preparing bids for Japanese software developer Yayoi, Reuters reported. MBK Partners is the seller, and is looking to raise roughly 75 billion yen ($977 million) through the sale.
2 min read · 07 October 2011
H.I.G. Capital has acquired certain assets of Dallas-based CLO manager WhiteHorse Capital. Terms of the deal were not released. The new company, H.I.G. WhiteHorse, will provide senior, second lien, uni-tranche, mezzanine and subordinated debt for refinancings, growth capital, acquisitions and balance sheet recaps.
3 min read · 07 October 2011
