1 min read · 01 October 2009
Hellman & Friedman has closed its seventh buyout fund with $8.8 billion in capital commitments. The firm also announced that Warren Hellman will step down as firm chairman, but remain as an investment committee member. Philip Hammarskjold will succeed Brian Powers as CEO.
4 min read · 01 October 2009
Cortec Group has acquired a majority interest in Katena Products Inc., a Denville, N.J.-based maker of micro instruments for ophthalmic surgeries of the anterior segment of the eye. No financial terms were disclosed. Investment bank The Walden Group represented Katena Products.
3 min read · 30 September 2009
2 min read · 30 September 2009
American Capital (Nasdaq: ACAS) has closed its Frankfurt, Germany office, "in response to the global downturn in the private equity markets over the past two years." The office's assets will continue to be managed by the firm's London staff.
2 min read · 30 September 2009
Tom Ehret has joined Advent International as an operating partner, with a focus on the oil and gas services and equipment sector. He previously was CEO of Acergy SA, a global offshore engineering and construction contractors to the oil and gas industry.
4 min read · 30 September 2009
Great Hill Partners has sold its 91% stake in Brazilian ecommerce company BuscaPé.com Inc. to Naspers Ltd. (LSE: NPSN) for US$374 million. Great Hill acquired its stake in December 2005.
3 min read · 30 September 2009
3 min read · 30 September 2009
Navigation Capital Partners has sponsored a recapitalization of portfolio company Five Star Food Service, a Chattanooga, Tenn.-based provider of vending, coffee and food services. The deal increases Navigation's majority stake, although no financial terms were disclosed.
3 min read · 30 September 2009
Mid Europa Partners has agreed to acquire Invitel Holdings AS (AMEX: IHO), a fixed-line telecom and broadband internet services provider in the Republic of Hungary. The deal would involve three separate transactions: Mid Europa would pay $10.8 million to TDC AS for its 64.6% stake in Invitel; Mid Europa would purchase all of TDC’s rights and obligations under a €34.1 million subordinated PIK loan (which would be increased up to €91.4 million); and Mid Europa would launch a tender offer for the outstanding €125 million floating rate senior PIK notes due 2013 (held by Invitel).
5 min read · 30 September 2009
