Private Equity
Pamlico Capital of Charlotte, N.C., acquired ATX Networks from Trivest Partners. Members of management re-invested in partnership with Pamlico Capital to complete the transaction. Financial terms were not disclosed. ATX Networksof Ajax, Ontario, provides radio frequency management equipment.
4 min read · 16 November 2010
Kirkland & Ellis International LLP relocated Partner Michel Debolt to Hong Kong from London. The move is designed to expand the firm’s private equity practice in Asia. Debolt advises private equity sponsors and their portfolio companies in Asia, Europe and North America. He focuses on mergers, acquisitions, joint ventures, interim and final liquidity realizations, equity restructurings and executive compensation, the firm said.
2 min read · 16 November 2010
Avista Capital Partners of New York named Arthur Zuckerman as a partner and chief operating officer. Zuckerman, was chief executive of The TriCycle Group LLC, which is a consulting firm focused on administrative and operational issues at private equity firms.
3 min read · 16 November 2010
Hana Financial Group is in talks to acquire Lone Star Funds’ stake in Korea Exchange Bank for $4.1 billion, Reuters reported. Hana, which is South Korea's fourth-largest financial services group by assets, confirmed the discussions with the Dallas, Texas-based firm. Australia & New Zealand Banking Group Ltd. is also interested in Korea Exchange Bank.
4 min read · 16 November 2010
Partners Group AG of Switzerland opened an office in Seoul, Korea. The firm expects the new location will allow it to more directly target and invest in Korean companies. Partners Group already has more than 100 professional in five Asian countries.
2 min read · 16 November 2010
Electra Private Equity PLC sold its minority stake in Rio Trens Corp., which owns interest in a transportation company in Brazil. Electra Private said the deal represents an uplift of 69 pence per share from Electra's net asset value on March 31 of 1,900 pence per share, based on exchange rates at the time of transaction. This valuation also reflects an additional investment made in June.
2 min read · 16 November 2010
Far East Leasing plans to hold an initial public offering in Hong Kong in the first quarter of 2011, Reuters reported citing banking sources. Far East Leasing, which is a subsidiary of Sinochem, seeks to raise $500 million from the IPO. Kohlberg Kravis Roberts & Co. was one of the investors of the IPO, the source said.
1 min read · 16 November 2010
Argon Medical Devices Inc. signed a licensing contract with Rex Medical LP for exclusive rights to sell the UltraStream chronic dialysis catheter worldwide. The device provides long-term vascular access to patients receiving dialysis treatments. Argon Medical of Athens, Texas is a portfolio company of Lake Forest, Illinois-based RoundTable Healthcare Partners.
2 min read · 16 November 2010
Apollo Aviation Group raised $213 million for its Sciens Aviation Special Opportunities Fund. The aviation fund is managed by an affiliate of Apollo Aviation, which is a commercial aircraft investment and asset manager. Apollo Aviation is jointly owned by its Founders and Principals William Hoffman and Robert Korn, and by an affiliate of New York-based Sciens Capital Management.
2 min read · 15 November 2010
Atlantic Bridge of held the first close of Atlantic Bridge II with €85 million in commitments. Dublin, Ireland-based private equity shop expects to make typical investments between €5 million and €20 million in European middle-market technology companies.
4 min read · 15 November 2010
