Private Equity
1 min read · 06 October 2010
EXFO Inc. sold its life sciences and industrial division to The Riverside Co. of New York for $24.3 million in cash. The purchase price is subject to adjustments for minimum working capital requirements. The division sold is based in Toronto, Canada and generated sales of $4.3 million for the fiscal year ended Aug. 31.
2 min read · 01 October 2010
Praesidian Capital LLC of New York invested $6 million in Meta Pharmaceutical Services LLC. The investment took the form of subordinated debt. The investment supports Meta Pharmaceutical’s recapitalization by DFW Capital Partners and management. Meta Pharmaceutical is a Pennsylvania-based company that provide sales and marketing data services.
3 min read · 01 October 2010
NuCO2 and Praxair Inc. formed a strategic alliance that includes a long-term supply agreement for NuCO2's purchase of bulk CO2 and beverage carbonation related high pressure cylinder gases from Praxair. NuCO2 also acquired certain of retail beverage carbonation business assets in the U.S. from its new partner. NuCo2 is a supplier of beverage carbonation services. It is owned by Los Angeles-based Aurora Capital Group.
2 min read · 01 October 2010
Orhan Holding AS of Turkey names Larry A. Denton president of its wholly owned Nobel Automotive Group subsidiary. Denton will direct all strategic and growth initiatives. Before joining Nobel Automotive, he founded Denton Consulting, a firm that provides operational and strategic advisory services to private equity funds and transportation industry businesses.
2 min read · 01 October 2010
Federal Capital Partners and New York-based Angelo, Gordon & Co. sold the Grove Park, which is a 684-unit garden-style residential community in Gaithersburg, Md and the 858-unit Charleston Manor apartment community in Ellicott City, Md. Grove Park was sold to an affiliate of Avalon Bay. An affiliate of Home Properties is now the owner of Charleston Manor.
3 min read · 01 October 2010
TRI Pointe Homes LLC formed a partnership with a Starwood Capital Group Global LP affiliate. The partnership provided TRI Pointe, a California-based homebuilder, with $150 million. TRI Pointe plans to use the capital to expand its operations in California and the Western region. Starwood Capital of Connecticut has about $16 billion in assets under management.
5 min read · 29 September 2010
Keyuan Petrochemicals Inc. completed a private placement financing with institutional investors. The China-based maker of petrochemical products raised gross proceeds of $20.3 million from the transaction. It plans to use the capital to buy raw materials for its petrochemical production facility. The lead investor was Prax Capital, which is a a China-focused private equity fund.
5 min read · 29 September 2010
Northern Trust launched a portfolio reporting and monitoring solution for private equity fund-of-funds managers. The tools will allow its users to track fund of funds holdings and valuations in detail.
4 min read · 29 September 2010
2 min read · 27 September 2010
