2 min read · 03 June 2009
3 min read · 03 June 2009
The Board of the Pennsylvania State Employees' Retirement System today reported a negative 7.5% performance for Q1 2009. It also reported lagging private equity and venture capital data through Q4 2008, including a year-end loss of 26 percent. Such investments comprise 23% of SERS' assets under management.
3 min read · 03 June 2009
3 min read · 03 June 2009
2 min read · 03 June 2009
Technitrol Inc. (NYSE: TNL) has agreed to sell its Denmark-based Medtech components business to Altor Equity for $200 million. The business generated $110 million in revenue last year, and includes the balanced armature receivers, high-end microphones and electromechanical devices for the hearing aid, high-end audio headset and medical device markets.
3 min read · 03 June 2009
Andrews International, a Valencia, Calif.-based provider of private security and risk mitigation services, has acquired the U.S. and Mexico guarding operations of Garda World Security Corp. (TSX:GW) for US$44.25 million. Andrews is a portfolio company of Audax Group.
2 min read · 03 June 2009
Christopher Mize and Aaron Hoover have joined Greenhill & Co. as managing directors focused on the energy sector. They will work out of a new Greenhill office in Houston, Texas, and previously were with Merrill Lynch.
2 min read · 03 June 2009
American Industrial Partners has agreed to buy the motor home business of Fleetwood Enterprises Inc. (OTC BB: FLTWQ). The deal is valued at $53 million, with assumed liabilities not to exceed $18 million. Greenhill & Co. is running the sale process, which is subject to U.S. Bankruptcy Court approval. Fleetwood shareholders include Tennenbaum Capital Partners.
3 min read · 03 June 2009
TPH Partners, the private equity arm of Tudor, Pickering, Holt & Co., has formed BlueRock Energy Capital II, a financing company for small, independent energy exploration and production operators. No financial terms of the commitment were disclosed, except that BlueRock will provide between $1 million and $10 million to companies for acquisition and development efforts.
2 min read · 03 June 2009
