PE Hub Staff

Citadel Capital Reports Q2 Net Loss

Advent Int'l Buys Stake in Mexican Airline

Summit Invests $100 Million in AVAST Software

Summit Partners has made a $100 million minority investment in Avast Software, a Czech Republic-based developer of anti-virus software.

Campbell Soup May Buy United Biscuits

TPG Plans Yuan-Based Shanghai Fund

Shell Selling German Refinery to Private Equity Fund

Wulf Bernotat To Advise Permira

Allied Glass Switches Sponsors

Jonathan Bayer Joins Sagent Advisors

Jonathan Bayer has joined Sagent Advisors as general counsel and chief compliance officer. He previously was with Willis Group as chief counsel for the firm's capital markets and advisory unit.

Sterling Financial Amends Recap Raise

Sterling Financial Corp. (Nasdaq: STSA) today announced new terms of its recapitalization, including amendments to existing financing agreements from Warburg Pincus and THL Partners. The bank holding company now plans to raise a total of $730 million, including $171 million from each of the two private equity firms. THL originally agreed to invest $175 million, but then lowered that to $138 million -- in order to match a subsequent commitment from Warburg Pincus.