Sushil Cheema

Duo pursue geothermal investments

A commitment to California’s ThermaSource by Carlyle Group and Riverstone will contribute to the development of the Bottle Rock geothermal power project.

Avista Capital in investment advisor deal(3)

The firm will retain Phillips Investment Resources’ existing management team, led by John Coyle, the company’s president, and Thomas Phillips, its chairman.

AIG leads $433m Brazilian deal

The company’s private equity division has led a consortium in buying Compania Providencia Industria e Comercio for $432.6m, making it one of the largest Brazilian deals of late.

Former Greenberg co-worker raising fund

Hank Greenberg’s former Morgan Stanley advisor, Douglas Brown, has reportedly begun raising a fund through DLB Capital.

Warburg Pincus promotes two in New York(3)

David Krieger and Justin Sadrian have been named managing directors.

Sterling, Citigroup in education take-private(3)

Along with members of the company’s management team, the two firms have agreed to buy Nasdaq-traded Educate in a deal worth $545m. It is Citigroup’s and Sterling’s second education-related deal announced today.

Avista Capital in investment advisor deal(2)

The firm will retain Phillips Investment Resources’ existing management team, led by John Coyle, the company’s president, and Thomas Phillips, its chairman.

PE trio in $470m energy commitment(2)

Quantum Energy Partners, Carlyle/Riverstone and Lime Rock Partners will back an ‘unconventional’ natural gas exploration company.

Team of four builds car auction platform(3)

Goldman Sachs, Kelso, ValuAct and Parthenon will acquire ADESA for approximately and combine it with Insurance Auto Auctions, an automotive salvage auction company, in a $3.7bn transaction.

Warburg Pincus promotes two in New York(2)

David Krieger and Justin Sadrian have been named managing directors.