Private Equity
Advent International's investment in Five Below has grown more than five-fold in two years.
2 min read · 16 January 2013
Jorge Fergie is joining KKR as an MD to head its São Paulo, Brazil office and business development in Brazil. The move is effective March 1. Prior to this, Fergie spent 29 years at McKinsey & Company, where he helped establish that firm's business in Brazil and throughout Latin America.
3 min read · 16 January 2013
ORIX Private Equity has invested in R2integrated. Financial terms weren't announced. Baltimore, Md.-based R2integrated is a digital and social marketing agency. ORIX Private Equity is a business unit of ORIX USA, the financial conglomerate based in Dallas.
3 min read · 16 January 2013
EIG Global Energy Partners now supports the Carlyle Group's pending buy of TCW Group, according to an agreement announced by the firms Wednesday. Terms of the agreement call for EIG to publicly support, and assist TCW in securing investor consent, for the sale. TCW will also maintain its economic interest in existing EIG-managed funds, while EIG will assume full management responsibility for the Funds as general partner and investment manager. EIG last summer sued to stop Carlyle's buy of TCW Group, claiming that the deal would give Carlyle access to EIG's information , according to the Wall Street Journal. The TCW-Carlyle trandsaction is on track to close in the near future, the statement says.
4 min read · 16 January 2013
Fiserv has acquired Open Solutions, which was backed by the Carlyle Group and Providence Equity Partners. The purchase price was $55 million and Fiserv assumed about $960 million of debt. Fiserv will also receive a tax asset with a net present value of about $165 million. Glastonbury, Conn.-based Open Solutions is a technology provider to banks, thrifts and credit unions.
6 min read · 14 January 2013
To end your Monday, we have reasons why Jeff Bezos is the greatest living CEO, more on CBS ordering CNET to remove Hopper from its awards and get ready for John McAfee the movie.
1 min read · 14 January 2013
Dell is in talks with two private equity firms to go private, Bloomberg News reports.
1 min read · 14 January 2013
Sterling Investment Partners is out marketing for its third fund and is seeking $700 million for the pool.
1 min read · 14 January 2013
ArthroCAD said Monday that it completed a Series A round from investors including Edgar Jannotta, a former GTCR managing principal. Financial terms weren't disclosed. Ayer, Mass.-based ArthroCad develops medical devices used in joint replacement procedures.
3 min read · 14 January 2013
Several senior executives, including co-head of private markets North America John Crocker, have departed Deutsche Bank's asset and wealth management unit in the past few months.
3 min read · 14 January 2013
