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Platinum Equity closes OfficeMax Australia buy

Platinum Equity said Feb. 6 that it closed its buy of the OfficeMax business in Australia from Office Depot. Financial terms weren’t announced. Platinum Equity said it also plans to bring together the OfficeMax business in Australia with Winc Australia, the former Staples business it acquired in April 2017 and has rebranded. Baker McKenzie, Bell Gully, and Greenwoods & Herbert Smith Freehills served as legal counsel to Platinum Equity.

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Alteri to buy CBR Fashion Group from EQT

EQT said Feb. 7 that it agreed to sell CBR Fashion Group to Alteri Investors. Financial terms weren’t announced. CBR, of Germany, is known for its Street One and Cecil brands. Alteri, a special situations investor in Europe, is backed by Apollo Global Management.

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YFM-backed Gill Marine buys Gill North America

Gill Marine has acquired Gill North America Ltd. Gill Marine is a portfolio company of YFM Equity Partners. Financial terms weren’t announced. Gill North America, of Buford, Georgia, is the distribution arm that sells Gill sailing clothing.

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Exponent Private Equity to buy CEB Talent Assessment for $400 mln

Gartner Inc said Feb. 6 that it agreed to sell CEB Talent Assessment for $400 million. Exponent Private Equity is the buyer. CEB Talent Assessment, formerly SHL, is a provider of talent assessment solutions, including a portfolio of assessment tools, benchmark data, predictive technologies and consultancy services.

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IntuiLab raises $3.7 mln

IntuiLab said Feb. 6 that it raised $3.7 million in Series A funding from IRDI SORIDEC Gestion, M Capital Partners and two business angels with the support of Bpifrance. IntuiLab, of Toulouse and Chicago, is the company behind IntuiFace, a software platform for creating touch-first digital signage without writing code. Avolta Partners provided financial advice.

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Alliance HealthCare to buy e+CancerCare

Alliance HealthCare Services has agreed to buy e+CancerCare, a portfolio company of Kohlberg & Co. Financial terms weren’t announced. E+CancerCare, of Nashville, operates outpatient cancer centers with 24 locations in 10 states. Cain Brothers provided financial advice to Kohlberg and e+CancerCare.

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LPs have 20 days to vote on Nordic restructuring: Private Equity International

Coller Capital and Goldman Sachs were selected as buyers of Nordic Capital’s restructuring of its 2008-vintage fund, Private Equity International is reporting. LPs now have 20 days to vote on whether the deal should proceed and if they want to sell their stake or roll their positions into a new five-year continuation fund, the story said. Coller and Goldman will pay an 11 percent premium to net asset value, PEI said.

Lovell Minnick, private equity
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Lovell Minnick to seek $1 bln with latest flagship: sources

Lovell Minnick Partners, which just unveiled its newest crop of leaders, will return to market this year with its latest flagship, three sources said. The Radnor, Pennsylvania, private equity firm is expected to seek $1 billion with its fifth PE fund, the people said. The target is a 33 percent jump from Lovell’s fourth institutional fund, which closed […]

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Warburg Pincus invests $300 mln in Ridge Runner

Warburg Pincus is providing a line of equity financing of up to $300 million to Ridge Runner Resources LLC. Ridge Runner is a formed oil and gas exploration and production company focused on the Delaware Basin.

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Sarkozy’s new fund raises about $400 mln: Bloomberg

Olivier Sarkozy has raised about $400 million for his new PE fund, Bloomberg reported Feb. 2. Sarkozy’s firm, Further Global Capital Management, is targeting $1.25 billion for its debut fund; investors have to commit a minimum of $10 million, the story said, citing an SEC filing. Sarkozy is the former head of Carlyle’s financial services group.

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Private equity firms jostle for Akzo Nobel: Financial Times

Some of the largest private equity funds are jockeying to buy a large chunk of Dutch paint maker Akzo Nobel for as much as €10 billion ($12.5 billion), the Financial Times reported. The bidders include Carlyle; a consortium of Advent and Bain; another group including Apollo and German specialty chemicals producer Lanxess; and Hal Investments of the Netherlands, the story said. Final bids are due mid-March, the FT said.

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Quantum Capital Fund II raises $96.6 mln

Quantum Capital Partners said Feb. 5 that it closed its second fund at its 77.5 million euros ($96.6 million) hard cap. Quantum, of Munich, invests in challenging situations and complex carve-out opportunities in Continental Europe. The firm’s first fund raised 55 million euros in 2014. Triago advised on both funds.

Facebook co-founder Eduardo Saverin speaks at the Tech in Asia Singapore 2016 conference in Singapore April 12, 2016. REUTERS/Edgar Su  - D1AESXYDWLAA
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Jumio, nearly two years out of Chapter 11, seeks a buyer: sources

Jumio Corp is going up for sale, less than two years since emerging from bankruptcy, four sources said. The online verification company has been interviewing bankers, people said. Evercore was tapped to run the Jumio process, one of the sources said. The Jumio auction is slated to start in March; it is seeking bids of $500 […]

The ticker and logo for State Street Corporation is displayed on a screen at the post where it's traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2016.  REUTERS/Brendan McDermid - S1AETMXSESAA
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Charles River in sales talks with State Street: sources

Financial services firm State Street Corp is in talks to buy Charles River Systems, a maker of investment management software, according to four sources. It’s not clear if discussions include a sale of all or part of Charles River, or at what stage the talks are at, the people said. Financial terms were also not […]