New York-based buyout firm Castle Harlan has agreed to buy Horizon Lines, the largest container shipping company in the US, from the global private equity house.
The New York firm will exit the amusement vending machine company to Coinstar in a sale that will see a nearly six times return on equity.
On the whole, European countries have a long way to go to make their tax and legal environments conducive to the development of private equity and venture capital.
The Massachusetts venture capital firm has announced that Jon Auerbach and Fergal Mullen will continue to focus on the wireless and software sectors, respectively, as general partners.
The global investment bank has announced the final closing of its debut mezzanine fund dedicated to Europe, ahead of its €500m target.
The London-based private equity investor, headed by Christopher Mills, is to raise a second UK-focused buyout fund.
Japanese private equity firm Phoenix Capital may acquire as much as 40 percent of ailing carmaker Mitsubishi Motors.
Verizon Communications, the largest US local telephone company, has agreed to sell the global private equity house its local and long distance operations, as well as its Internet services and print directory.
The New York firm announced that Thomas Berglund, formerly of Jupiter Partners, has joined the team as a managing director.
The publicly traded business development company has hired the former Los Angeles head of American Capital Strategies as it expands operations to California.