Investcorp wrapped up the fundraising for its second ‘venture-buyout’ fund, closing on $300m for its Investcorp Technology Ventures II. The fund, which was oversubscribed, exceeded its target by $50m.
French private equity firm Natexis Industrie and the French team of Barclays Private Equity have sold their stake in Eau Ecarlate to AXA Private Equity.
The WL Ross & Co. joint venture with Lear Corp. and Franklin Mutual Advisors has agreed to acquire a significant chunk of Collins & Aikman’s European operations.
Lightyear Capital finalised its secondary deal for containment-rental company Baker Tanks. Chicago’s Code Hennessy & Simmons, the previous owner, sold the business after a less than two-year stay in its portfolio.
Swiss pharmaceutical company Norvatis has sold a dietary and slimming products business to ABN AMRO Capital for €220m.
Apax Partners has inked a $1bn-plus deal to acquire a majority stake in Contech Construction Products, an engineering firm currently owned by Butler Capital.
Hicks Muse Tate & Furst co-founder Thomas Hicks is staying active in retirement, having just completed the first corporate acquisition for his family office, Hicks Holdings.
The French private equity firm has acquired a 20 percent stake in Banca Leonardo.
Peter Bacon has reportedly left Credit Suisse First Boston to join the hedge fund set up by his former boss Bennett Goodman.
Montreal-based Northbridge Equity Partners has launched a new golf-apparel platform, Summit Golf Brands, which controls the Fairway & Greene and EP Pro lines of golf clothing.