Platinum Equity has agreed to sell SourceOne Healthcare Technologies to Merry X-Ray Corp., ending months of speculation over the fate of the company.
2 min read · 30 December 2012
Joshua Lewis, who went from Warburg Pincus to Forstmann Little in 2000, is keeping a foothold in private equity - his growth-equity boutique Salmon River has held a first close on around $20m.
2 min read · 30 December 2012
Hellman & Friedman and Texas Pacific Group have agreed to a roughly $1.5 billion deal to acquire a 60 percent stake in Linsco/Private Ledger, an independent broker. The transaction, coming on the heels of the Refco implosion, reaffirms private equity’s commitment to the financial services space.
2 min read · 30 December 2012
New York-based Clayton Dubilier & Rice has held a $2.66bn interim close on its seventh fund, moving the firm ever closer to a $3.5bn target. Sources indicated that a final close could come as soon as late November.
2 min read · 30 December 2012
Texas Pacific Group and Apax Partners have agreed to their second deal in the Greek mobile telecom market in the past seven months, buying Q-Telecom in a €350 million deal. There are no plans as of yet to combine the two.
2 min read · 30 December 2012
A recent splurge in VC investment toward in-game advertising signifies the ongoing development of the video-game ad market. Ken MacFadyen reports.
2 min read · 30 December 2012
General Atlantic has brought in UBS veteran Raul Rai to serve as a principal in its Mumbai office.
2 min read · 30 December 2012
Media specialist ABRY Partners has levied a lawsuit against Providence Equity Partners, saying the Rhode Island-based group misled it in its $500m purchase of F&W Publications. Market observers are split as to who may be at fault.
3 min read · 30 December 2012
Thomas H. Lee Partners has filed a lawsuit against the former Refco management. The complaint could help shift the public’s perception of the firm from Refco insider to a victim of the futures broker’s deceit.
2 min read · 30 December 2012
Gryphon Investors has returned roughly 100 percent of its invested equity in Eight O’ Clock Coffee Company. The San Francisco-based firm acquired the business in November 2003, and in the two successive Novembers since, has taken out a dividend through a recapitalisation.
2 min read · 30 December 2012
