(Reuters) – U.S. private equity firms TPG Capital and Carlyle Group are in talks to buy a stake in the tower unit of Indian telecom company Reliance Communications , Bloomberg reported, citing people with knowledge of the matter. Reliance Communications, controlled by billionaire Anil Ambani, has also received interest from Blackstone Group and London-based Apax […]
BHMS Investments has made a controlling equity investment in The Hilb Group, an insurance broker that provides property and casualty, life and health and employee benefits products and services. New York-based BHMS is a private investment firm that focuses on the lower middle market.
BOSTON, June 8 (Reuters) – Private equity firm Terra Firma, which made a high-profile, ill-fated investment in music group EMI, is expected to start officially marketing its new fund early in 2012, a source familiar with the firm’s plans said on Wednesday. Terra Firma has been preparing the ground for a new fund and in […]
Tailwind Capital has refinanced VersaPharm's $30 million debt. Madison Capital Funding provided a senior credit facility as part of the deal. VersaPharm, of Marietta, Ga., is a generic pharmaceutical company backed by Tailwind.
David M.V. Barnes will join Imperial Capital as a managing director and head of its financial sponsors coverage team in the investment bank’s LA office. Previously, Barnes had been with investment bank Houlihan Lokey.
TORONTO, June 8 (Reuters) – BlackBerry maker Research In Motion bought social gaming company Scoreloop to help expand its Messenger application, challenged by this week’s launch of a similar instant messaging offering from Apple. Munich-based Scoreloop adds social elements, such as interactive play and social network integration, to existing mobile games. It can also enable […]
Harris Williams & Co. announced Wednesday the sale of Northern Digital Inc., a portfolio company of Audax Group, to strategic buyer Roper Industries. Terms of the deal, which closed June 3, were not released. Harris Williams & Co. acted as an advisor to Waterloo, Ontario-based Northern Digital. Audax focuses on small cap and lower-middle market investments. Audax manages more than $4.5 billion of equity, mezzanine debt, and senior loan capital.
Australian private equity firm Archer Capital will pay $246 million to buy hospital operator Healthe Care from CHAMP Ventures, Reuters reported Wednesday. Archer outbid rival private equity firm Pacific Equity Partners. Healthe Care which owns 12 private hospitals in Australia.
Nautic Partners and Pamlico Capital said Wednesday that its sale of MACTEC will yield a return of 2.7x their investment. This includes prior distributions, the PE firms said. In May, AMEC said it had bought MACTEC, an engineering and environmental services company based in Alpharetta, Ga., for $280 million.
Indian real estate company DB Realty is looking to fund projects with private equity capital, Reuters reported Wednesday. The company has said it ‘has "enough headroom" to raise debt for specific projects when required,’ Reuters wrote. No specifics were given about how much the firm planned to raise.