Venture debt provider Kreos Capital has strengthened its senior team with the recruitment of Luca Colciago from Noble as a partner. The hire comes as the firm continues to invest its latest fund, which was closed in April and is being deployed at a rapid rate.
In its biggest deal to date, the upstart private equity firm has agreed to invest $325 million for a one-quarter stake in Palm, the publicly traded maker of the Palm Pilot, as well as to tap the developer of the iPod as an executive chairman.
CDW, a low-cost tech product retailer for businesses, governments and schools, is set to be acquired by Chicago-based Madison Dearborn in a $7.3 billion transaction.
Candover has made a successful exit from its investment in Thule Group, a Swedish company that makes car accessories for equipment transport. The firm has generated an IRR of more than 40 percent from the sale to Nordic Capital, following a two and a half year buy-and-build programme.
TPG has reportedly acquired Indonesian Bank Tabungan Pensiunan Nasional as the US buyout firm increases its investments in the country.
SGAM Alternative Investments has closed its fourth fund in eastern Europe at €156 million ($211 million), above its initial target. The fund will target mid-market deals right across the region.