Private Equity
Partners Group said Dec. 20 that it promoted ten executives from across its business to partner and managing director. The promotions are effective Jan. 1, 2019.
2 min read · 20 December 2018
Silicon Mobility said Dec. 19 that it raised $10 million in Series B funding led by Capital-E and Cipio Partners. Silicon Mobility, of Sophia Antipolis, France, designs and develops semiconductors that are used to increase energy efficiency and reduce pollutant emissions.
3 min read · 20 December 2018
Cinven has agreed to buy One.com, an Accel-KKR portfolio company. Financial terms weren’t announced. One.com is a European provider of domain names and web hosting solutions. Arma Partners and DC Advisory advised One.com. Taylor Wessing was legal adviser.
3 min read · 20 December 2018
Neuberger settles with SEC over improper expenses in Dyal funds; Centerbridge to buy Civitas Solutions for $1.4 bln
2 min read · 19 December 2018
Verdi Oncology, a Pharos Capital Group portfolio company, said Dec. 19 that it has partnered with Dr. Tarik Hadid to open a practice location, Verdi Cancer & Research Center, in Macomb, Michigan. Dr. Hadid provides oncology care to patients in Detroit and Warren, Michigan.
3 min read · 19 December 2018
Pamplona Capital Management said Dec. 19 that it acquired a controlling stake in Latham Pool Products. The deal values Latham at $375 million. Wynnchurch Capital, the seller, will retain a stake. Latham, of Latham, New York, makes pool components and accessories in North America.
3 min read · 19 December 2018
Digital Asset said Dec. 18 that Blythe Masters has requested to step down as CEO. AG Gangadhar was named board chairman of Digital Asset. He will serve as acting CEO until a permanent CEO is named. Digital Asset, of New York, provides distributed ledger technology. The company raised $40 million in Series B funding led by Jefferson Capital Partners in 2017, PitchBook said.
1 min read · 19 December 2018
Sun Life Financial Inc said Dec. 19 that it plans to merge Bentall Kennedy with GreenOak Real Estate. Sun Life said it plans to buy a majority of the combined Bentall Kennedy and GreenOak entity that will be named Bentall GreenOak. Sun Life Financial said it will contribute its interest in Bentall Kennedy and pay GreenOak shareholders C$195 million ($146 million) for 56 percent of the combined Bentall GreenOak entity. Sun Life said it would have an option to acquire the remaining interest in Bentall GreenOak in about seven years from the closing. GreenOak Real Estate is a real estate investment firm with approximately C$14 billion (US$11 billion) in assets under management.
7 min read · 19 December 2018
Adams Street Partners said Dec. 18 that its 2018 global fund closed on $824 million in capital commitments. The target of the fund was $800 million.
2 min read · 19 December 2018
Centerbridge Partners LP said Dec. 18 that it agreed to buy Civitas Solutions Inc for about $1.4 billion or $17.75 a share cash. Sellers include Vestar Capital Partners. Civitas, of Boston, provides home and community health services to people with disabilities.
7 min read · 19 December 2018
