American Capital has hired Joel Houck to develop a new closed-end fund, drawing on his experience in specialty finance and commercial banking.
1 min read · 04 January 2013
Water Street Healthcare Partners has financed the merger of gastroenterology diagnostic device manufacturer Alpine Biomed and the neurological diagnostic device business of Medtronic.
2 min read · 04 January 2013
Snow Phipps Group, fresh from the $620 million close of its debut fund, has sold Excel Mining to Orica Limited for $670 million.
1 min read · 04 January 2013
Palo Alto, California-based venture firm Technology Partners has closed its latest fund on $300 million, to be allocated to the cleantech and life science sectors.
1 min read · 04 January 2013
Damien Reynolds, head of natural resources investment firm Longview Capital Partners, has launched a new firm that will target renewable energy and cleantech.
2 min read · 04 January 2013
The JP Morgan-led group of banks that underwrote $10 billion of debt related to Cerberus’ acquisition of Chrysler has sold $6 billion of the debt at 95 percent of par.
2 min read · 04 January 2013
KPS Capital Partners has exited its position in Blue Ridge Holding, selling the company to the Rank Group for $338 million and a more than 2x return.
2 min read · 04 January 2013
As investors race to unload their subprime mortgage based assets, distressed investor Sun Capital Partners plans to buy an 80 percent stake in First NLC Financial Services, a subprime mortgage originator.
2 min read · 04 January 2013
A JC Flowers-led consortium has said it will likely drop its $25 billion bid for Sallie Mae, but is willing to renogotiate the deal, taking into consideration a changed economic and legislative environment.
3 min read · 04 January 2013
Sunrock Ventures is raising its debut fund to target $100 million for investments in the “underserved” Southeastern US.
1 min read · 04 January 2013
