Warburg Pincus and Vestar Capital Partners have jointly acquired transportation industry technology firm International Asset Systems. Terms of the deal were not released. The company’s current management team will continue with the company.
2 min read · 21 September 2011
A unit of Banco do Brasil is planning to raise 1 billion reais ($555 million) for a private equity fund focused on renewable energy projects, Reuters reported Wednesday. The unit, known as BB DTVM, launched the fund in August jointly with Banco Votorantim and an undisclosed foreign investment fund, Reuters wrote.
3 min read · 21 September 2011
An unnamed European financial investor has made a proposal to buy out the portfolio of companies in a fund of private equity group Cognetas, Reuters reported, citing news in the Financial Times. The group's current portfolio includes Morrison Utility Services, a UK infrastructure maintenance provider for utility groups; Tokheim, a French maker of fuel dispensing equipment; and Arcaplanet, an Italian pet food retailer, Reuters wrote.
1 min read · 21 September 2011
BV Investment Partners is selling Louisiana-based broadband services provider Vision Communications to EATEL. Terms of the deal, which is expected to close in the fourth quarter, were not disclosed. BV acquired the Company in late 2007.
2 min read · 21 September 2011
Avrio Ventures, a Calgary-based venture firm, held a $50 million first close on its newest fund, Avrio Ventures LLP II. The target for the fund is $100 million, the firm says. It will focus on later stage venture investments in the food and agriculture sector.
2 min read · 21 September 2011
Fortis Healthcare International has pulled out of talks to buy a controlling stake in Turkish hospital group Acibadem, Reuters reported Wednesday. The stake is being sold by Almond Holding, a vehicle owned jointly by Dubai-based private equity firm Abraaj Capital and Turkey's Aydinlar family. Acibadem has a market value of about $1.2 billion.
2 min read · 21 September 2011
RotoMetrics, a company backed by Morgenthaler Private Equity, has acquired Denmark’s Gerhardt International, the firm announced Wednesday. Gerhardt is a manufacturer of flexible tooling and related accessories for the converting and printing industries. Terms of the deal were not released.
2 min read · 21 September 2011
Chicago-based private equity real estate investment firm Green Courte Partners has closed its third fund, Green Courte Real Estate Partners III. The fund closed with $406.9 million in equity, and will focus on niche real estate, including land-lease communities and parking assets. Green Courte was founded in 2002.
2 min read · 21 September 2011
IDB Holding Corp. has ended talks to sell its majority stake in Clal Insurance to private equity firm Permira, Reuters reported Wednesday. The two parties failed to reach an agreement. IDB's subsidiary IDB Development owns 55% of Clal Insurance, one of Israel's top two insurers, Reuters wrote.
1 min read · 21 September 2011
Los Angeles-based private equity firm Gores Group is buying Alpheus Communications, one of the largest fiber network and data center operators in Texas. Terms were not released. The firm plans to combine Alpheus with First Communications, an existing Gores portfolio company. Genesis Park and El Paso Corp. are the sellers.
3 min read · 21 September 2011
