Ron Marshall has joined Borders Group as chief executive officer, replacing George Jones. He previously was co-founding principal of private equity firm Wildridge Capital Management.
7 min read · 05 January 2009
The Carlyle Group has completed its sale of AxleTech International to General Dynamics (NYSE: GD) for an undisclosed amount. Carlyle acquired AxleTech in late 2005 from Wynnchurch Capital. The company makes parts for military vehicles, commercial specialty trucks and off-highway machines.
3 min read · 05 January 2009
Bolttech Inc., a West Newton, Pa.-based provider of industrial bolting tools, services and rentals for the energy market, has acquired Mannings USA, a Dover, N.J.-based provider of induction heating and heat treating services for the power generation industry. No financial terms were disclosed. Bolttech is a portfolio company of PNC Mezzanine Capital. www.bolttech.com
1 min read · 05 January 2009
Rasmala, a Dubai-based regional investment bank, has raised its second private equity fund with $120 million in capital commitments. The Sharia-compliant fund will focus on mid-market opportunities in the MENA region. www.rasmala.com
1 min read · 05 January 2009
NuCO2 Inc., a Stuart, Fla.-based provider of bulk CO2 products and services to the U.S. fountain beverage industry, has acquired the bulk CO2 beverage carbonation business of Franklin, Tenn.-based nextAir. No financial terms were disclosed, except that NuCO2 expects the deal to add approximately $13 million in annual revenue. Aurora Capital Group took NoCO2 private last May for approximately $487 million.
3 min read · 05 January 2009
PNC Financial Services Group has completed its acquisition of National City Corp., which early last year had received a $785 million investment from Corsair Capital. The cash and stock deal is worth approximately $5.6 billion.
2 min read · 05 January 2009
Renal Advantage Inc., a Brentwood, Tenn.-based for-profit provider of dialysis services in the United States, has completed its acquisition of National Renal Alliance LLC, a Franklin, Tenn.-based owner and operator of 45 dialysis facilities in 10 states. No financial terms were disclosed. Renal Advantage is a portfolio company of Welsh Carson Anderson & Stowe.
3 min read · 05 January 2009
Leigh Clifford has joined Kohlberg Kravis Roberts & Co. as a senior advisor. He is the current chairman of Qantas Airways, and the former CEO of Rio Tinto.
4 min read · 05 January 2009
Jeffrey Wood has joined Eagle Rock Energy Partners (Nasdaq: EROC) as senior vice president and CFO. He previously was with Lehman Brothers as a senior vice president and portfolio manager in the firm’s private equity division.
2 min read · 05 January 2009
1 min read · 05 January 2009
