Private Equity
Advent International of Boston, Mass., agreed to acquire The Priory Group from The Royal Bank of Scotland Group plc for an enterprise value of up to £925 million. Priory Group is a provider of mental health and specialist care services in the U.K.
4 min read · 18 January 2011
Genstar Capital LLC named Paul M. Black as an operating executive. Black served with Cerner Corp. from 1994 until his retirement in 2007 as its chief operating officer. He has been a senior advisor with New Mountain Capital of New York since 2007, and he will remain an advisor to New Mountain. Genstar of San Francisco, Calif. is a middle market private equity firm focused on making investments in the life sciences, healthcare, financial services, software and industrial technology industries.
3 min read · 18 January 2011
Moelis & Co. opened a new office in Dubai, United Arab Emirates. Augusto Sasso, who is head of MENA Investment Banking, will lead the office that is designed to provide financial advisory and capital raising services to clients in the Middle East and North African markets. Moelis is a New York-based investment bank.
3 min read · 18 January 2011
Milestone Partners hired Ric Andersen as a partner and a member of the firm’s senior leadership team He will also serve on the firm’s investment committee. Andersen is a former managing director at Silver Lake Partners.
2 min read · 18 January 2011
Latrobe Specialty Steel Co. named B. Christopher DiSantis as president and chief executive officer. DiSantis serves as President of Hawk Corp. before joining the Pennsylvania-based specialty metals maker and distributor. Latrobe Specialty Steel is jointly owned by Watermill Group of Lexington, Mass., and Hicks Equity Partners LLC of Dallas, Texas.
3 min read · 18 January 2011
Sun Capital Partners of Boca Raton, Fla., acquired Manchester Industries through its PaperWorks Industries Inc. affiliate. Manchester Industries is a paper and paperboard converter based in Richmond, Va. The acquired business is expected to merge with PaperWorks Industries. The transaction will enhance PaperWorks’ product offering.
4 min read · 18 January 2011
Monroe Capital LLC named Daniel M. Duffy a managing director and Sara E. Mongerson as director of institutional relationships and investor relations. It named Seth B. Friedman as operations manager, Jeffrey K. Williams as a vice president and Jeffrey M. Cupples as assistant vice president. Kyle A. Asher was hired as an associate. Monroe also promoted Alex Franky to director and principal. Monroe is a Chicago, Ill.-based a private investment firm focused on investments in middle-market companies.
4 min read · 18 January 2011
LLM Capital Partners LLC of Boston, Mass., completed a new investment in Hybrid Design Associates LLC. Financial terms were not disclosed. Under the terms of the deal, LLM Capital acquired the assets of the Tempe, Ariz.-based maker of electronic assemblies through a newly formed entity.
2 min read · 18 January 2011
Kosmos Energy plans to raise up to $500 million through an initial public offering, Reuters reported. Kosmos, which is backed by Blackstone Group and Warburg Pincus filed its plan with the Securities and Exchange Commission. The Hamilton, Bermuda-based company said Credit Suisse, Citigroup and Barclays Capital will underwrite the IPO. The filing did not specify how many shares will be sold in the offering.
1 min read · 18 January 2011
Advent International of Boston, Mass., agreed to acquire 50 percent of Terminal de Conteineres de Paranagua S/A’s (TCP) capital stock. TCP is Brazil's third-largest container port terminal. All of TCP's current shareholders will retain an ownership position in the company after the deal closes.
6 min read · 14 January 2011
