PE Hub Staff

Mitchell Stern Joins Morgan Joseph

Mitchell Stern has joined Morgan Joseph & Co. as a managing director, in the firm's healthcare investment banking group. He previously was head of healthcare and life sciences investment banking at SMH Capital.

Muzak Files Reorganization Plan

Haynesville Expansion Project Gets Injection

Regency Energy Partners (Nasdaq: RGNC), Alinda Capital Partners and GE Energy Financial Services plan to construct a $47 million pipeline extension of the Haynesville Expansion Project in North Louisiana. Regency owns a 38% stake, Alinda holds a 12% stake and GE holds a 50% stake.

GI Partners Sells Its Final Data Center

GI Partners has sold a Frankfurt-based data center to a subsidiary of Equinix Inc. (Nasdaq: EQIX) for $28 million. GI had acquired 25 technology buildings as part of its debut fund portfolio, for approximately $280 million. It has now exited all of them, with over $1 billion in cash proceeds (21 of them were rolled into a REIT called Digital Realty Trust).

First Reserve Commits $500 Million to KrisEnergy

First Reserve Corp. has committed up to $500 million in equity financing for KrisEnergy Holdings Ltd., a new Asia-focused oil and gas exploration, development and production platform. KrisEnergy's founding team previously formed Pearl Energy.

Rob McCombie Joins CBPE Capital

Rob McCombie has joined CBPE Capital, a UK-based mid-market private equity firm, as an investment manager. He previously was with BC Partners.

Natus Medical Buying Alpine Biomed

Natus Medical Inc. (Nasdaq: BABY) has agreed to acquire Alpine Biomed Holdings Corp., a Fountain Valley, Calif.-based maker of devices for the diagnosis of neurological disorders. No financial terms were disclosed. Alpine Biomed is majority-owned by Water Street Healthcare Partners.

Aquafil Raises €45 Million

Aquafil, a Bonazzi Group subsidiary that makes fibres for textile flooring, has raised €45 million in private equity funding from Hutton Collins. It is the first deal out of Hutton Collins' third fund, which is capitalized with €600 million.

Avaya Wins Nortel's Enterprise Unit

Blackstone, CVC Team Up for Bellsystem24 Bid