Private Equity
GTCR Golder Rauner LLC of Chicago entered a partnership with David Minella to form Aligned Asset Managers LLC. AAM, Stamford, Conn., will build a multi-strategy asset management platform through substantial equity investments in firms across alternative and traditional asset classes. GTCR plans to invest up to $200 million of equity capital to support the strategy. Minella will serve as CEO of AAM.
4 min read · 12 January 2011
Harris Williams & Co. hired Julien Darmon as a managing director in London. Darmon previously worked in the investment banking group of Robert W. Baird. He advised middle market clients on assignments including public and private divestments, mergers and acquisitions, fairness opinions, capital raising and strategic advisory.
3 min read · 12 January 2011
Water Street Healthcare Partners’ CareCentrix Inc. acquired Sleep Management Solutions LLC, which specializing in sleep benefits management. The transaction expands CareCentrix’s services to include sleep management. Water Street acquired a controlling interest in CareCentrix, which provides home health benefits management services to the managed care industry, in 2008.
3 min read · 12 January 2011
AlixPartners promoted Sanjay Bailur, Joel Bines, David Hewish, Elmar Kades, Francois Neveux, Lorenzo Pietromarchi and Adam Werner to the role of managing directors. The appointments were effective Jan. 1. The global business-advisory firm based in Chicago also promoted 25 to the role of director.
6 min read · 12 January 2011
PineBridge Investments of New York launched PineBridge Merger Arbitrage Fund (a UCITS III fund).The vehicle will invest in publicly announced merger and acquisition transactions. Managing Director Lan Cai will manage the fund.
2 min read · 12 January 2011
Singapore sovereign wealth fund GIC is seeking to sell an office building in Seoul, Reuters reported citing South Korea's Maeil Business Newspaper. The property has an estimated value of up to 1.1 trillion won ($977.2 million), the newspaper said. Government of Singapore Investment Corp., purchased the 30-story building, which is known as Seoul Finance Center, for 355 billion won in 2000.
1 min read · 12 January 2011
Green Courte Partners LLC acquired a portfolio of six age-restricted land-lease communities in central Florida. The portfolio contains more than 1,850 home sites and is nearly fully occupied. It hired American Land Lease Inc., which is a unit of its second fund, to manage the communities. Green Courte is a Lake Forest, Ill.-based private equity shop that targets the real estate sector.
2 min read · 11 January 2011
TA Associates of Boston and Madrone Capital Partners of Menlo Park, Calif., made an investment in MicroSeismic Inc., Houston, Texas-based provider of microseismic data acquisition, analysis and interpretation to the oil and gas industry. The firms said the investment was substantial, but specific terms were not disclosed. Goodwin Procter LLP serves as legal counsel to both TA Associates and Madrone Capital.
4 min read · 11 January 2011
Littlejohn Management Holdings LLC promoted Michael Kaplan to the role of managing director. He joined the Greenwich, Conn.-based investment firm in 2005 and has served as a principal since 2008. Before joining Littlejohn, Kaplan was a senior associate at Ripplewood Holdings LLC where he evaluated, structured, and monitored private equity investments in several industries.
2 min read · 11 January 2011
BAE Systems Plc plans to cancel the proposed sale of its Platform Solutions unit, Reuters reported. A source close to the company told Reuters that BAE has decision to keep the division. People familiar with the matter earlier told Reuters that General Electric, Eaton Corp. and Warburg Pincus submitted final bids for the subsidiary of the U.K. defense contractor.
2 min read · 11 January 2011
