Commentary

Bain sale coated with €2.2bn

Boston-headquartered investor sells coatings producer

Bain sale coated with €2.2bn

US private equity firm Bain Capital has sold Dutch industrial coatings maker SigmaKalon Group to PPG Industries, a US supplier of paints, chemicals and other specialty materials, for €2.2bn.

AAC buys Ocean

Irish private equity firm Ion Equity has sold Ocean Media, a magazine publisher and events organizer, to AAC Capital Partners for an undisclosed sum.

Graphite sells applied energy

UK private equity house Graphite Capital has sold Applied Energy, a Cambridgeshire-based manufacturer and distributor of ventilation, heating and water heating products.

Wendel appoints new MD

Bird leaves Simmons nest for Mayer Brown

Promotions at General Atlantic

Montagu closes Open exit

Montagu Private Equity, the London-based mid-market firm, has sold its 18 months' investment in Open International, a Worcester, UK, located supplier of software for insurance brokers.

Fundraising losing pace

Private equity fundraising in Q3 2007 has slowed with $91bn raised by 136 new private equity funds, according to research from Private Equity Intelligence. This is the lowest level by value for the quarter in two years.

Brooks re-joins LDC