Cortview Capital Securities, a middle-market broker dealer, has sealed an undisclosed amount of growth capital from Warburg Pincus. The money will be used to support the sales and trading needs of Corview’s clients, the company said. Cortview was launched in September 2010, and is based in Richmond, Virginia.
2 min read · 27 September 2011
U.S. health insurer Cigna Corp. is buying travel insurance company FirstAssist Insurance Services from the private equity wing of Barclays Plc, Reuters reported Tuesday. The deal is reportedly valued at more than $100 million.
2 min read · 27 September 2011
Blackstone Group is paying $295.7 million in cash, plus debt, to acquire 36 U.S.-based shopping centers from Equity One Inc. The shopping centers are located chiefly in the southeastern U.S. cities of Tampa, Orlando and Atlanta, and 20 of them are anchored by Publix Super Markets Inc. stores, Reuters wrote. Others are in North Carolina, South Carolina, Alabama and Maryland. Blackstone Real Estate Partners Fund VII will pay a total of $473.1 million, which includes the assumption of $177.4 million in mortgage debt, Reuters wrote. The deal will close in the fourth quarter.
2 min read · 27 September 2011
The private equity unit of China’s Citic Securities is aiming to raise 12 billion yuan ($1.9 billion) for its third private equity fund, Reuters reported. Citic Private Equity Funds Management Co. also aims to raise 5 billion yuan for its mezzanine fund and has so far raised 3 billion yuan, Reuters wrote Tuesday.
1 min read · 27 September 2011
UBS has added former Carlyle Group executive Edmund Koh as chief executive officer of its wealth management business in Singapore, Reuters reported Monday. He will replace Christine Ong in the position, and will start the new job early next year.
2 min read · 26 September 2011
Reed Elsevier will pay 343 million pounds ($532.6 million) in cash to buy Accuity Holdings Inc. from Investcorp, the two firms announced Monday. Accuity is an online subscription-based data technology provider for the financial services industry.
5 min read · 26 September 2011
Yum Brands Inc. has found buyers for its Long John Silver's and A&W restaurant chains. LJS Partners, which was formed by a consortium of franchisee leaders and other investors, will buy Long John Silver's, Reuters reported. A&W's buyer is A Great American Brand, formed by a franchisee leader, Reuters said. No terms of the sale were released.
1 min read · 23 September 2011
Private equity firm Vista Equity Partners has made a binding offer to buy Thomson Reuters Trade and Risk Management business, which operates as a unit within Thomson Reuters’ Enterprise Solutions business. Terms of the agreement were not released. Thomson Reuters is the publisher of PEhub.com.
2 min read · 23 September 2011
Malaysian government fund Khazanah Nasional is in talks to buy a stake in Turkish hospital group Acibadem, Reuters reported Friday. The deal could be valued at around $500, Reuters said. Acibadem is owned by Almond Holding, a joint venture between Dubai-based private equity group Abraaj Capital and the Turkish family Aydinlar.
3 min read · 23 September 2011
Backyard Discovery, which is backed by buyout fund Baird Capital Partners, has acquired wood shed maker Classic Manor, the firm announced Friday. The deal was completed though Backyard’s subsidiary SHEDS USA. No terms were released.
2 min read · 23 September 2011
