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Bruce Kelleher, head of investment banking at BB&T, has left the IB after more than a decade, three sources said.
Drew Foam Companies Inc, a portfolio company of Branford Castle Partners LP, has acquired Davis Core & Pad from Joel Davis. Financial terms weren’t announced. Davis Core, of Cave Spring, Georgia, is an EPS foam shape molder. Davis Core’s packaging products are used in markets such as consumer perishables, IT products and office furniture.
Novacap said Nov. 21 that its latest private equity fund closed on C$940 million ($706.4 million). Novacap Industries V will invest in the industrial and manufacturing sectors as well as in service and distribution.
TCV-backed HireVue goes up for sale; Court Square offers LPs the option to commit to fund with subscription line; Caryle latest to switch to C-corp
Blackstone Group is selling Lendmark Financial Services to Lightyear Capital for about $600 million excluding debt, Reuters is reporting. Lendmark provides consumer credit products to mostly subprime clients, the story said.
Alternative asset manager Carlyle Group LP (CG.O) on Wednesday missed estimates for earnings per unit for the third quarter, as the value of its private equity investments rose less than that one of its key rivals, Reuters reported.
German publishing group Bertelsmann (BTGGg.F) said on Monday it was buying U.S. online education provider OnCourse Learning from private equity firm CIP Capital in a deal worth around $500 million, Reuters reported.
Alternative asset manager Apollo Global Management LLC said on Thursday second-quarter economic net income fell 40.9 percent from a year ago to $108.5 million, Reuters reported.
Private equity firm Carlyle Group LP (CG.O) on Wednesday reported a smaller-than-expected drop in its second-quarter earnings, as its funds appreciated less than a year earlier, but more than what most analysts had estimated, Reuters reported.
The second-largest U.S. nursing home operator, HCR ManorCare Inc, filed for Chapter 11 protection late Sunday with $7.1 billion of debt as part of a pre-arranged deal to transfer ownership to its landlord Quality Care Properties Inc (QCP.N), Reuters reported.

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