Matt Levin

National City balks at financing Kohlberg deal

The Corsair Capital-backed bank has declined to extend $175m in debt for Kohlberg & Company’s acquisition of sports caterer Centerplate. Last month, National City agreed to a $5.2bn government-backed merger with PNC Financial Services Group.

ABRY-backed company agrees to $101m divestiture

Country Road Communications has sold three rural telecom units to Nasdaq-listed Otelco.

Dohr divests fund placement group

The Munich-based corporate finance boutique has established DC Placement Advisors as a wholly owned subsidiary specialising in private equity, infrastructure and funds of funds. The unit had operated within Dohr since 2004.

Vista closes first institutional fund on $1.3bn

The San Francisco-based firm, which targets mid-market software and tech companies, has already invested $757m in four portfolio companies.

NEA hires former XM Radio chief

Hugh Panero, former chief executive of the satellite radio company, is the latest in a string of high-profile appointments the Maryland-based venture firm has made over the last year.

TPG to invest up to $150m in Malaysian bank

The private equity giant, heavily active in Southeast Asia’s financial services sector, has purchased bonds and warrants in Kuala Lumpur-based bank CIMB Group. TPG-affiliate Northstar has also agreed a $1.3bn stake in Indonesian coal mining company Bumi Resources.

Oregon: New relationships likely off table next year

Jay Fewel, OPERF senior investment officer, said over-allocation and the burden of re-upping with existing GPs will leave little money for any group that doesn’t already have an established relationship with the $54.4bn pension.

Illinois Teachers’ commits $150m across three funds

The $38.3bn pension has committed $50m apiece to Blackstone, GI Partners and Edgewater. The fund also said it is cooperating in a federal investigation into an alleged kickback scheme.

Abris closes debut fund on €320m

The firm, which focuses on Central and Eastern Europe, was formed last year by former Advent director George Swirski and former Copernicus Capital managing partner Neil Milne.

Carlyle-backed software company withdraws $200m IPO

SS&C Technologies, which develops financial management software for hedge funds and institutional investors, filed for a NASDAQ float last year. Carlyle acquired the company in a $941m take-private in 2005.