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Three industries saw payments by financial sponsors to investment banks more than double during the first six months of this year, compared to the same period in 2010, according to global data from Freeman & Co. analyzed by sister magazine Buyouts in its August 1 edition. The Energy, power & commodities industry is the leader, based on […]
New York-based J.C. Flowers won a bid to enter exclusive talks to buy Compagnie Europeene de Prevoyance, Reuters reported. Compagnie Europeene de Prevoyance is a French loan insurance broker. Financial terms were not disclosed. However, a source familiar with the matter said the deal with French private equity firm PAI Partners valued the company at more than 800 million euros ($1.16 billion).
PeixeUrbano received a growth capital investment from General Atlantic. The financing round included participation from Tiger Global Management. PeixeUrbano plans to use the capital for recruiting, new marketing campaigns and geographical expansion. PeixeUrbano of Brazil is a collective buying website.
Onex Corp. plans to invest $675 million in JELD-WEN Holdings Inc., Reuters reported. It intends to pay $475 million to acquire a 39 percent stake in the Oregon-based door maker.Onex Corp. of Canada plans to invest $200 million through a convertible note that can be redeemed within 18 months.
PineBridge Investments named both C. Kim Goodwin and Don M. Wilson III as non-executive members of its board, effective immediately. Goodwin most recently served as managing director and head of equities for Credit Suisse’s Asset Management Division. Wilson was chief risk officer of JP Morgan Chase & Co. from 2003 until his retirement in 2006. PineBridge is a New York-based multi-asset class investment manager.
Monument Capital Partners along with partners John Campbell and Joe Mansfield, have completed the sale of Separators Inc. to a strategic buyer. Located in Indianapolis and founded in 1985, Separators, is an Indianapolis-based company that specializes in servicing and remanufacturing industrial centrifuge equipment. Monument Capital, Campbell and Mansfield acquired Separators in June 2005.
Reuters reported Lion Capital LLP of London and Goode Partners LLC of New York signed an agreement to acquire have reached an agreement to buy brand AllSaints Spitalfields. Financial terms were not disclosed. AllSaints is a British fashion brand.
KKR & Co. LP's economic net income for the first quarter rose 10 percent from a year earlier. The parent of private equity firm Kohlberg Kravis Roberts & Co.’s economic net income rose to $742.5 million from $674.8 million. KKR & Co. declared a quarterly distribution of 21 cents per common unit.
First Reserve Corp. held the final close of its latest fund. First Reserve Energy Infrastructure Fund LP secured than $1.2 billion in capital commitments. The Greenwich, Conn.-based firm invests in energy and natural resource industries.
The Seaport Group acquired a special situations and restructuring group that includes Eben Paul Perison. Perison has spent more than 20 years advising clients in restructurings, work-outs, reorganizations, financings, mergers & acquisitions and other deals. The acquisition expands Seaport Group's investment banking capabilities. New York-based Seaport Group is an independent investment banks focused on debt capital markets.