Luisa Beltran

Hackman Capital buys MBS Group from Carlyle for $650 mln

Hackman Capital Partners said Aug. 7 that it acquired The MBS Group from Carlyle Group for $650 million. MBS is a film and TV studio real estate and production services platform.

Permira in $2.4 bln buy of Cambrex

Permira has agreed to buy Cambrex Corp for $60 a share or about $2.4 billion. Cambrex, of East Rutherford, New Jersey, is a small molecule company that provides drug substance, drug product and analytical services across the entire drug lifecycle.

Carrick-backed Exiger buys Convergent Solutions

Exiger, which is backed by Carrick Capital Partners, said Aug. 7 that it acquired Convergent Solutions Inc. Financial terms weren’t announced. Convergent Solutions which provides intelligence analysis, cybersecurity and national security solutions to the Federal Government.

Arcline Investment buys Pride Engineering

Arcline Investment Management said Aug. 7 that it acquired Pride Engineering LLC from May River Capital. Financial terms weren’t announced. Pride Engineering designs and makes precision-engineered tooling, equipment, and aftermarket parts that are mission-critical to the aluminum beverage packaging manufacturing process.

Lovell Minnick to exit Worldwide Facilities LLC

Lovell Minnick Partners said Aug. 7 that it agreed to sell its investment in Worldwide Facilities LLC to Genstar Capital. Financial terms weren’t announced. Worldwide, of Los Angeles, is a national wholesale insurance brokerage, managing general agent and program underwriters in the U.S.

Investcorp reduced PE co-investments: Reuters

Investcorp’s net profit rose by 5 percent percent in its latest financial year while the firm cut PE co-investments by almost a fifth to reduce risk on its balance sheet, Reuters reported. The creation of a European PE fund with Coller Capital, along with a secondary deal with HarbourVest on mature technology helped reduce co-investments in its PE business by 19 percent to $505 million, the story said.

Westerback joins Atlantic-Pacific Capital

Steven Westerback has joined Atlantic-Pacific Capital Inc as a partner. He will lead the firm’s secondary advisory practice. Westerback was previously president and head of the Americas for Cebile Capital.

Bonaccord, Wafra invest in AE Industrial Partners

AE Industrial Partners LP said Aug. 7 that Bonaccord Capital Partners and Wafra Inc have invested in the private equity firm. Financial terms weren’t announced. Bonaccord and Wafra each acquired passive minority interests in AEI. Bonaccord is a division of Aberdeen Standard Investments.

Pacific Western Bank expands venture capital group

Pacific Western Bank said Aug. 6 that seven executives have joined to expand its venture capital coverage. They include Woodrow Thames, James Keeratisakdawong, Audrey Yen, Ryan Matava, Bryce Bewley, Steve Kent and Paul Persichette.

Mitsubishi UFJ Financial expands food & beverage practice

Mitsubishi UFJ Financial Group Inc said Aug 6 that it hired three corporate bankers to expand its food and beverage practice. The new hires include Christopher Addison, Shawn Janko and Jake Nash, who have joined as managing directors. They will report to Brian Geraghty, co-head of MUFG's food & beverage finance group.