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Tonka Bay Equity Partners named Kory Kutchmarek as an investment associate. Previously, Kutchmarek was a manager in the Minneapolis office of the accounting firm Ernst & Young. Minnetonka, Minn.-based Tonka Bay Equity Partners focuses on lower middle market businesses in the manufacturing, business services and distribution sectors. PRESS RELEASE Tonka Bay Equity Partners LLC (“Tonka […]
NXT Capital announced Monday that it has provided a senior credit facility to fund Audax Group‘s acquisition of Advanced Dermatology & Cosmetic Surgery. NXT Capital was the sole lead arranger, sole bookrunner and administrative agent for the deal. Terms were not released. Audax is a middle-market private equity shop. PRESS RELEASE NXT Capital today announced […]
Jaime Londoño has joined Pantheon as principal and head of Latin American investments. He joins from Wilshire, where he was a vice president working on primary, secondary and co-investments in the US and Latin America. Pantheon is a private equity fund investor with $24 billion under management. PRESS RELEASE Pantheon, a leading global private equity […]
San Francisco-based Mobeam Inc., a developer of technology to help mobile phones interacti with retail laser scanners, has added $1.5 million to its Series A round, bringing the round to $6.4 million. The company added as an investor DFJ Athena, a Korea-focused venture fund affiliated with Draper Fisher Jurvetson. PRESS RELEASE Mobeam inc. (www.mobeam.com) announced […]
The National Investor, an Abu Dhabi-based investment firm, has cut more than half of its workforce and plans to shed more staff, Reuters reported Monday. The firm, which has private equity, investment advisory and asset management businesses, is attempting to reduce costs, Reuters wrote. (Reuters) – Abu Dhabi-based investment firm, The National Investor (TNI), has […]
London-based Ecofin Ltd. is launching a a fund in Australia on Monday for institutional investors looking to lock in long-term growth in sectors such as alternative energy, transport and water, Reuters wrote Monday. The Ecofin Australia Pty Ltd, launched with less than A$50 million ($53.87 million), and will focus on “mega-trends” in energy security, climate […]
French construction group Vinci and a partnership between U.S. private equity firm Carlyle Group and the Qatar Investment Authority are leading bidders for a 40% stake in Turkish airport operator TAV Havalimanlari Holding, Reuters reported Friday. TAV is valued at roughly $2 billion, Reuters wrote.
Austin Ventures has named Andrew Busey, former general manager and vice president at Zynga, as a venture partner. At the firm, Busey will help identify early stage investments. Austin Ventures has $3.9 billion under management.
Abu Dhabi-based private equity firm Gulf Capital is close to sealing a deal to buy 80% of consultancy firm Reach Group, Reuters reported Thursday. Gulf Capital will be closing the transaction during the first quarter this year through its $533 million Private Equity Fund II, Reuters wrote. The value of the deal is estimated at around 100 million dirhams ($27 million).
Investment manager Partners Group has invested in the development of an Australian cancer research and treatment facility: the Victorian Comprehensive Cancer Centre, the firm announced Thursday. Details of the investment were not disclosed. The center will be based in Melbourne.