Are the golden handcuffs off at Harris Williams? The investment bank, known for advising on sell side, middle market deals, has seen seven MDs leave since 2009, four sources say. Bankers move around all the time and, at first blush, this may not seem very newsy. But this is Harris Williams, the Richmond, Va. firm known as the IB where bankers don’t leave.
Praesidian Capital invested $19 million of second lien debt in The PromptCare Cos. and its sister company PromptCare Home Infusion LLC. The financing will support the acquisition of Pro2 (a provider of specialty respiratory products and services) and recapitalize its balance sheet. PromptCare is a portfolio company of MidMark Capital.
Bayside Capital-backed Pendum LLC signed an agreement to sell its cash logistics business to Loomis Armored US LLC. The transaction will include Pendum’s armored transportation and cash-in-transit services operations. The deal is expected to close April 30. Pendum will retain its core maintenance business.
(Reuters) - Financier Jacob Rothschild has launched a $750 million private equity fund to help Chinese investors to take part in international deals. The new fund, capitalizing on fresh economic reforms and appetite for overseas investment, will target investors from the newly-formed China International Chamber of Commerce for the Private Sector.
Kraton Performance Partners, the listed, Houston-based company, will have six million of its shares coming to market through affiliates of TPG Capital and JP Morgan Partners, LLC. Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co., and Oppenheimer & Co. Inc. will be the bookrunning managers of the offering.
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Corigin Holdings has launched a lending division as part of its real estate group. Corigin Lending will focus on short-term debt financing for properties in the New York metropolitan area, with loans ranging from $1 million to $20 million. Corigin Holdings is a real estate and PE firm.
Flexpoint Ford said Wednesday that it has bought a majority stake in Toplis & Harding Holdings from Silver Oak Services Partners. Toplis & Harding, or VeriClaim, provides specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities. Financial terms were not announced.
NEW YORK, March 30 (Reuters) – Private equity-backed Dunkin’ Brands Inc is considering an initial public offering of about $500 million in the second half of 2011, sources familiar with the situation said. The IPO could be as large as $750 million, one of the sources said. Two or the sources said that there is […]
Ted Coons has moved from The Blackstone Group to Technology Crossover Ventures, peHUB has confirmed with a TCV representative. Coons had spent more than five years with the private investor. He had also spent time prior to joining Blackstone with Deutsche Bank and Credit Suisse. Fortune was first to report the news Wednesday afternoon.