Natexis Cape has announced the first closing of its Cape Natexis Private Equity Fund at €87m – surpassing an original first closing target of €60m.
Michael Berk, a former senior vice president at JLL Partners, will join the Boston office to focus on LBOs and recapitalizations in the consumer, financial services and business services sectors.
The New York firm acquires Scientific Protein Laboratories, a maker of ingredients for end-use pharmaceuticals, in its fifth portfolio acquisition for its debut fund, closed last June.
The two Boston private equity firms today announced an investment in Bartlett Nuclear, which provides radiological protection services to the US nuclear industry.
Cyclacel takes venture funding to $123m; Sovereign backs UK care homes buyout; Sanos lands €8m Series A round; 3i, Montagu lead $15m Searchspace round; Transatlantic funding for Pertinence Data; Soffinova backs wireless start-up; Siemens spin-off lands €4.4m second round; Elliptic lands €8.5m backing from Apax, IVC
Italian private equity firm BS has sold a majority interest in STC, an Italian short sea transportation group, reporting an IRR of over 45 in the three years it has owned the business.
The two firms are equally partnering with company management to acquire technology services company BBNT Solutions, the creator of the first network e-mail, from Verizon.
The San Francisco-based consumer products private equity specialist sells its health and beauty care products company to the Chicago private equity firm for an undisclosed amount.
Abingworth Management, the venture capital firm specialising in life science, has appointed Joe Anderson as manager of its investments in quoted development-stage biotech firms.
The Canada Pension Plan Investment Board has announced a new $120m co-investment agreement with Paul Capital Partners to acquire secondary private equity fund interests in the US.