Jeff Hammer and Paul Sanabria have joined Houlihan Lokey to co-lead a team focused on the secondary market for partnerships and other private investments held by institutional investors. They were previously with Bear Stearns & Co.
3 min read · 30 March 2009
Castanea Partners has acquired Urban Decay Cosmetics LLC, a Newport Beach, Calif.-based premium cosmetics brand selling through specialty beauty retailers, from The Falic Group. No financial terms were disclosed.
3 min read · 30 March 2009
1 min read · 30 March 2009
Flight Options LLC, a Cleveland-based private aviation company, has raised an undisclosed amount of new funding from Directional Capital and existing shareholder Resilience Capital Partners. Resilience and H.I.G. Capital first invested in Flight Options last year.
3 min read · 30 March 2009
Advent International has agreed to acquire a 51% stake in the payment processing business of Fifth Third Bancorp (Nasdaq: FITB). The deal values the unit at $2.35 billion, with Advent expected to contribute $561 million in equity.
7 min read · 30 March 2009
New Capital Partners has closed its second fund with $140 million in capital commitments. The private equity firm focuses on small-cap and lower mid-market businesses in the southeastern U.S. and Texas. Atlantic-Pacific Capital served as fund placement agent.
2 min read · 30 March 2009
CI Capital Partners has agreed to sell Valley National Gases, an Independence, Ohio-based distributor of industrial and medical gases and welding supplies, to Matheson Tri-Gas Inc., a subsidiary of Taiyo Nippon Sanso Corp. No financial terms were disclosed.
4 min read · 30 March 2009
Jean-Michel Steg, former Citigroup banking chief for France and Belgium, has joined The Blackstone Group as a senior managing director in the firm’s corporate M&A and restructuring advisory group. He will work out of a new Paris office, which he also will lead.
3 min read · 30 March 2009
3i Group has sold its 12.6% stake in TTP Group PLC back to the company for an undisclosed amount. TTP is a European technology, product development and incubation company.
2 min read · 30 March 2009
4 min read · 30 March 2009
