Iris Dorbian
CDIB Capital International Corp, the Hong Kong-based private equity arm of China Development Financial, has raised $405 million for its Asia-focused buyout fund.
Australia investment firm QIC has raised $800 million in the first close of its global infrastructure fund. The limited partners of QIC Global Infrastructure Fund includes Hostplus, an Australian pension fund, an Asian sovereign wealth fund and a China insurer.
Terra Firma Capital Partners and Deutsche Asset & Wealth Management have sold Autobahn Tank & Rast, a German motorway service station operator. The buyers were an investor group comprised of Allianz Capital Partners GmbH, Borealis Infrastructure Management Inc, Infinity Investments SA, a subsidiary of the Abu Dhabi Investment Authority and Munich Re's asset manager MEAG. No financial terms were disclosed.
Investcorp has hired David Tayeh to head its North America corporate investment business. Previously, Tayeh worked at CVC Capital Partners where he was a partner.
J.F. Lehman & Company has recapitalized Alaska-based Ravn Air Group, a provider of regional air transportation and logistics services. No financial terms were disclosed. BNP Paribas and KeyBanc Capital Markets provided the debt financing for the transaction while Headwaters MB served as financial advisor to Ravn.
American Industrial Partners has agreed to sell belts maker Carlstar Belts to the Timken Company. No financial terms were disclosed for the transaction that is expected to be completed in the third quarter of this year.
Shamrock Capital Advisors has acquired Maryland-based audiobook publisher Recorded Books. No financial terms were disclosed. Macquarie Capital (USA) Inc provided financial advice to Recorded Books on the transaction.
CC Industries Inc has acquired Selig Sealing Holdings from Behrman Capital. No financial terms were disclosed. Lazard Middle Market provided financial advice to Selig on the transaction while William Blair advised Selig’s board of directors. Based in Naperville, Illinois, Selig is a maker of tamper-evident, induction cap and closure liners.
National Health Investors and Bickford Senior Living have acquired Lancaster, Ohio-based assisted living and memory care community Fairfield Village. The price of the transaction is $21 million.
Charlesbank Capital Partners and M/C Partners have completed their buy of Acxiom's IT outsourcing business. No financial terms were disclosed. Webster Bank's TMT practice provided financing for the acquisition.