Arcapita related stories
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- Slideshow: Which U.S.-based buyout shops were most active in Europe in 2011?
Bain, Advent and the Blackstone Group emerge as the most active U.S. buyout shops in Europe.
- Intelleflex Adds $9M in VC
Santa Clara, Calif.-based Intelleflex has raised $9 million in what it says is an extension to its Series A round. Investors include Third Point Ventures, Arcapita Ventures, New Venture Partners and the Woodside Fund. The company, which develops on-demand data visibility, will use the money to expand in the fresh produce and pharmaceutical cold chain as well as the asset tracking and personnel monitoring markets, the company said in a release. Rob Schwartz, managing partner at Third Point Ventures, will join the Intelleflex board.
- Arcapita Bank Buys Majority of J. Jill
Bahrain-based Arcapital Bank acquired a majority interest in women’s clothing retailer J. Jill, buying the stake from private equity firm Golden Gate Capital. Financial terms of the deal were not released. Golden Gate acquired J. Jill in 2009 for roughly $75 million. San Francisco-based Golden Gate will retain a minority stake in the company.
- Verto Partners Buys Wavelength Strategies
Verto Partners, the performance improvement, restructuring and turnaround firm, has acquired Wavelength Strategies, a New York-based transaction services firm concentrating on life sciences, healthcare and technology. Terms were not publicized. Wavelength managing principals Duncan Steels and Greg Calaman join Verto as Managing Directors and will lead the New York office of Verto. According to its website, Verto counts among its clients TA Associates, Arcapita, Kleiner Perkins, Hicks Muse Tate & Furst, JP Morgan Chase, UBS Capital, the Bass Family and New Enterprise Associates.
- Chromalox Switches PE Owners as Secondary Sales Become More Common
PE firms selling companies to each other has become very popular. This week, we saw Sentinel Capital Partners buying Chromalox /102087/sentinel-capital-buys-chromalox/ from CCMP Capital Advisors. Financial terms weren't disclosed but the transaction represents a long-hold for CCMP, which is the former JP Morgan Partners. CCMP acquired Sentinel http://ecmweb.com/news/electric_emerson_sell_chromalox_2/ in 2001 in a deal valued $165 million.
- Arcapita Exits MedPlus, Selling to PE Firms
Bahrain-based Arcapita has exited its investment in MedPlus Health Services, selling the company to private equity firms, Reuters reported. Terms of the deal were not released. Arcapital became the largest shareholder in MedPlus in 2007 in a transaction valuing the company at $72 million. MedPlus said in March that private equity firm Mount Kellett Capital Management, along with TVS Capital and Ajay Piramal group’s healthcare fund, would buy a 35% stake in MedPlus.
- Golden Gate Capital Exits J. Jill
Arcapita Bank has agreed to buy a majority stake in clothing retailer J. Jill from private equity firm Golden Gate Capital. Golden Gate Capital will remain a minority shareholder of the company. Financial terms of the deal were not released. Golden Gate Capital bought the J. Jill apparel brand from Talbots Inc. in 2009, paying approximately $75 million. Arcapita is an investment bank headquartered in Bahrain.
- peHUB Wire: Monday, April 5, 2010
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