Cust Serv

The Carlyle Group is selling Talaris, a maker of cash-counting equipment, to Glory Ltd. for 650 million pounds ($1 billion), twice the value of its original investment, Reuters reported Tuesday. Glory is a Japan-based maker of money handling machines. The price includes debt held by Talaris, Reuters wrote. Carlyle bought the company, then known as […]

Danish telecoms group TDC‘s main owners, a group of private equity funds, have sold 128.7 million shares, Reuters reported Tuesday, in a market deal worth nearly $1 billion. Through the sale TDC’s main owners, a consortium called NTC of five private equity investment firms, will reduce their holding in TDC to about 43.3% from about […]

Private equity firm IK Investment is planning a sale of the German industrial weighing specialist Schenck Process, and has enlisted Morgan Stanley to screen the market for potential buyers, Reuters reported. Schenck was acquired by IK from private equity investor HgCapital in 2007 — outbidding rival Capvest — and has been strengthened by three bolt-on […]

Qualcomm Inc. has put an undisclosed amount of money into San Antonio-based AirStrip Technologies Inc. The strategic investment came through the company’s Qualcomm Life Fund. Terms of the round were not disclosed. AirStrip, which is also backed by Sequoia Capital, develops mobile technology for the healthcare industry. PRESS RELEASE AirStrip Technologies, Inc. announced that it […]

Solis Capital Partners has held a first close for its second fund, sealing $42.5 million in commitments. The fund is aiming for a total of $100 million, and Solis Capital said it expected to close the fund by the end of 2012. Solis Capital is a lower middle-market private equity firm based in Newport Beach, […]

Buyout shop Linden Capital Partners is paying roughly $80.8 million to buy SeraCare Life Sciences Inc., Reuters reported. The $4.00-per-share deal represents a premium of nearly 12% to SeraCare’s Friday’s close on the Nasdaq. SeraCare supplies diagnostic control products for HIV, plasma-derived reagents and contract research services. (Reuters) – SeraCare Life Sciences Inc said it […]

U.S.-based private asset management firm Rohatyn Group said on Monday that it has agreed to acquire 60% of CapAsia, the private equity arm of Malaysia’s CIMB Group Holdings Bhd., Reuters reported Monday. Terms of the deal were not released. Singapore-based mid-market fund CapAsia has raised more than $500 million in capital commitments across three funds, […]

Irish rock star Bob Geldof has raised $200 million for his “8 Mile” African private equity fund, Reuters wrote Mnday. The fund, named after the shortest distance between Europe and Africa, will invest in companies that promised to provide jobs and long-term growth. Besides institutional and private investors, the fund’s backers include the World Bank’s […]

The U.S. Securities and Exchange Commission has launched an inquiry into how the private equity industry values its investments, how those investments are marketed, and other practices, Reuters wrote Saturday, citing the Wall Street Journal. The S.E.C. reportedly sent letters to several private equity firms in December, requesting “information related to 12 broad areas, including […]

The Italian private-equity owner of Ducati is looking to sell the motorbike brand for up to 1 billion pounds ($1.6 billion), Reuters wrote, citing a report from the Financial Times. Investindustrial, which is backed by the Bonomi family, previously sounded out a Hong Kong public listing for Ducati in 2011 but a sale to a […]