PE-backed Cradle Holdings hires CEO

London-based Cradle Holdings, which is backed by private equity firm Fox Paine, has named Lance Patterson as its CEO and to its board of directors. Recently, Patterson served as co-president of Peter Thomas Roth Clinical Skincare. Cradle Holdings include the luxury fragrance firms Penhaligon’s, which is based in London and L’Artisan Parfumeur, which is based in Paris and Grasse, France.

Israeli Private Equity Keeps Pace in Third Quarter, But Values Drop

Private equity deals in Israel fell dramatically in value if not in terms of pace in the third quarter, according to new data out of the IVC Research Center. Sixteen deals, valued at $272 million, were completed, according to the firm’s data. Meanwhile, in the second quarter of this year, 14 deals were sewn up at a collective value of $1.6 billion.

Fox Paine Announces Sale of Paradigm — and 7.8x Return with It

Fox Paine, the Woodside, Calif.-based private equity firm, has completed its sale of Paradigm, maker of geoscience softwae, to Apax Partners and JMI Equity in a $1 billion cash merger trasnaction. Fox Paine Fund II acquired then publicly traded Paradigm in August 2002. The firm says it is realizing a 7.8x return with Paradigm’s sale. […]

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