Riverside Buys Maxvision

Riverside Partners has acquired Maxvision, a Madison Ala.-based manufacturer of military and commercial portable computer workstation and server products. No financial terms were disclosed for the deal, which included participation from Maxvision management. PRESS RELEASERiverside Partners, based in Boston, MA, is pleased to announce that it has partnered with management to acquire Maxvision. Maxvision designs […]

Avis Buys Into Carey International

Avis Budget Group Inc. (NYSE: CAR) has acquired a 45% common equity interest in Carey International Inc., a global provider of chauffeured ground transportation services. The deal was valued at approximately $60 million in cash, and includes a one-year option for Avis to increase its ownership to 80 percent. Carey is currently majority-owned by a […]

Chopra Joins Trident Capital

Dipika Chopra has joined Trident Capital as a venture partner. She will be based in New Delhi, and focus on India's domestic consumer services sector. Chopra previously worked in Silicon Valley as president of Clubmom Inc. PRESS RELEASETrident Capital, a national venture capital firm focusing on information technology, today announced that Dipika Chopra has joined […]

Huang Joins Vivo Ventures

James Huang has joined Vivo Ventures as an executive-in-residence. He will work with the firm's existing portfolio companies, and held expand its presence in Asia. Huang previously was president of drug company Anesiva.   PRESS RELEASEVivo Ventures, a venture capital firm specializing in life science investments, today announced that James Huang will join the firm […]

Pine Brook Backs APEC

Asia Pacific Exploration Consolidated LP, an oil and gas exploration company focused on Southeast Asia, has secured a $380 million line of credit from a private equity consortium. Pine Brook Road Partners led the buyers, and was joined by The AES Corp., Temasek Holdings and Actis Capital. PRESS RELEASEPine Brook Road Partners, LLC, a New […]

Great Circle Backs Balnak

Great Circle Fund has invested in Balnak Logistics Group, a Turkish provider of third-party logistics. No financial terms were disclosed, except that the deal “will serve as the cornerstone of a $50 million expansion of Balnak's business.”   PRESS RELEASEGreat Circle Fund, an emerging markets private equity fund investing in transportation and logistics, announced today […]

GIP Buys East India Petroleum

Global Infrastructure Partners has acquired a 74% stake in East India Petroleum Ltd., a Visakhapatnam, India-based provider of liquid storage services for petroleum, oil and lubricant products, petrochemicals, liquefied petroleum gas and biodiesel. No financial terms were disclosed for the buyout, which was done as a joint venture with Zeus Infra-management (GIP holds an 80% […]

Safe Harbour Buying Home Pointe

North Pointe Holdings Corp. (Nasdaq: NPTE) has agreed to sell its Home Pointe Insurance Co. subsidiary, which comprises its Florida homeowners and dwelling fire operations, to American Capital Assurance Corp., a subsidiary of Safe Harbour Holdings LLC. The deal is valued at approximately $15.3 million. Safe Harbour is backed by Arx Holding Corp., Flexpoint Partners […]

Hellman Parties with SEIU’s Stern

The Service Employees’ Union International is a giant thorn in the side of private equity, but perhaps there are ways to soften the prickliness of SEIU president Andy Stern. For example, invite him to a concert (Note: It’s even better if you’re the concert organizer). Such was the strategy of Warren Hellman, co-founder and chairman […]

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