Private Equity
Lazard Ltd. of New York hired Masato Marumo as a managing director, investment banking. Marumo will be based in Tokyo. He previously worked at Carlyle Group. Marumo will work closely with Yasu Hatakeyama, who is Lazard Freres K.K.’s president and chief executive.
3 min read · 27 September 2010
Trilantic Capital Partners agreed to acquire an unspecified, but substantial minority stake in Fortitech Inc., which makes custom nutrient premixes for the food, beverage and pharmaceutical industries. Financial terms were not disclosed. Trilantic of New York has total capital commitment of $3.9 billion.
2 min read · 27 September 2010
2 min read · 21 September 2010
KPS Capital Partners LP acquired a controlling stake in Motor Coach Industries International Inc., which is a Schaumburg, Ill.-based maker of buses. Financial terms were not disclosed.
3 min read · 21 September 2010
Marcello Bottoli joined Advent International’s operating partner programme. He will advise the Boston, Mass.-based firm on global investment opportunities in the retail and consumer sectors, with a focus on branded consumer products, fashion and luxury goods. Bottoli was president and CEO of Samsonite until January 2009.
2 min read · 21 September 2010
1 min read · 20 September 2010
Standard & Poor's cut its corporate credit rating on Graceway Pharmaceuticals LLC to 'SD' from 'B-'. The ratings agency also lowered its issue-level rating on the Bristol, Tenn.-based company's senior secured bank credit facility to 'CC' from 'B-'. The lowered ratings come after Graceway Pharmaceuticals’ failure to make an interest payment on its $330 million second-lien loan on Aug. 31. The missed payment triggered a cross-default. Graceway Pharmaceuticals is a portfolio company of GTCR Golder Rauner.
2 min read · 20 September 2010
An affiliate of Hellman & Friedman Capital Partners VI LP agreed to acquire Internet Brands Inc. in a transaction valued at about $640 million. Internet Brands’ shareholders will receive $13.35 in cash per share. This bid represents a premium of about 46.5 percent compared with the Internet media company’s closing price on Sept. 17, 2010.
6 min read · 20 September 2010
2 min read · 20 September 2010
1 min read · 20 September 2010