David Bradley has agreed to join The Blackstone Group as a senior managing director in its corporate advisory group, and as head of its global chemicals practice. He is the former global head of chemicals at UBS, and will officially join Blackstone at the end of June.
2 min read · 02 April 2009
Kamil Salame has joined CVC Capital Partners as a partner and U.S. head of the firm’s financial institutions group. He previously was a partner with DLJ Merchant Banking Partners.
2 min read · 02 April 2009
Art Collins Jr. has joined Oak Hill Capital Partners as a senior advisor. He retired as chairman and CEO of Medtronic Inc. last September.
3 min read · 02 April 2009
ConJoin Group LLC has launched as a turnaround advisory for investment firms with struggling portfolio companies. It is being sponsored by $9.5 million from Jefferson Partners, whose co-founder David Folk is one of ConJoin’s two principals. The other is Richard Garnick, current chairman and CEO of Avotus Corp.
6 min read · 02 April 2009
Physicians Interactive LLC, a Libertyville, Ill.-based provider of digital sales and marketing solutions, has acquired MedManage Systems Inc., a Bothell, Wash.-based provider of online drug sampling solutions. No financial terms were disclosed. Physicians Interactive is owned by Perseus LLC. MedManage has raised over $45 million in VC funding since 2000, from firms like Lilly Ventures, Prism VentureWorks, QuestMark Partners and Versant Ventures.
4 min read · 02 April 2009
Bounty Group Ltd., a portfolio company of Barclays Private Equity, has agreed to buy the UK business of Kaboose Inc. (TSX: KAB), a family-focused media company. The deal is valued at approximately £54 million, including around £10 million in assumed debt. In a related deal, Kaboose is selling its North American assets to Disney Online for approximately $23.3 million.
7 min read · 02 April 2009
2 min read · 02 April 2009
American Capital has combined three portfolio companies within its Financial Services Group, in order to form a diversified commercial finance holding company called Core Financial Group. The three companies are: Core Business Credit, an asset-based lender; Velocity Financial Group, a venture debt finance and mid-market equipment leasing company; and Oceana Media Finance, a film finance company. No financial terms were disclosed.
3 min read · 02 April 2009
Gulf + Eastern Advisors has launched to provide corporate restructuring, turnaround and M&A advisory services. It is led by Peter Schweinfurth, who previously was an executive with Avenue Capital. He also has held positions with Perry Strategic Capital and Kelso & Company.
2 min read · 02 April 2009
Acorn Growth Cos. has acquired Integrated Composites Inc., a Marina, Calif.–based maker of composite aircraft components and structures. No financial terms were disclosed, except that Peninsula Capital provided mezzanine financing.
2 min read · 02 April 2009
