Riverwood Capital and FTV Capital have invested another $15 million in Globant. Buenos Aires-based Globant provides software product development and IT maintenance outsourcing.
The New Mexico State Investment Council reversed its decision to hire Calif.-based StepStone Group to help it manage its $1.3 billion PE portfolio, and is now in final negotiations to hire LP Advisors as its private equity advisor instead. The council was “unable to reach a mutually satisfying agreement” with StepStone Group, its chief information […]
Private equity firm Cartesian Capital Group has acquired a minority stake in Turkish food service company TAB G1da. Terms of the deal were not disclosed. TAB is the largest franchisee for Burger King, Popeyes, Sbarro and Arby's in the country, operating more than 500 restaurants in Turkey. Cartesian Capital Group manages $1.1 billion in private equity investments.
Summer Street Capital Partners has acquired Apple Valley Waste, a provider of solid waste collection, recycling and disposal services across three counties in West Virginia and Maryland. Financial terms of the deal were not released. Buffalo, NY-based Summer Street Capital Partners was formed in 1999 and has roughly $300 million under management. The firm is focused on small-market companies.
NEW YORK (Reuters) – Insight Communications Co., controlled by The Carlyle Group, has put itself up for auction, seeking a deal valuing the U.S. cable operator at up to $4 billion, people close to the deal told Reuters. Insight, the tenth largest cable operator in the United States according to Carlyle’s website, has hired Bank […]
Private equity firm H.I.G. Capital has acquired the marine business of Litchfield, Illinois-based Teleflex Inc. Teleflex Marine is a provider of steering and control products and accessories. Terms of the deal were not released.
Buyout shop H.I.G. Capital has recapitalized Advanced Environmental Recycling Technologies Inc., providing debt and equity financing to the company. Based in Springdale, Arkansas, Advanced Environmental Recycling is a manufacturer of wood composite decking products and a developer of polyethylene recycling technology. It is traded on the over-the-counter Bulletin Board. Terms of the deal were not released. Miami-based H.I.G. Capital has more than $8.5 billion under management.
…And a Dash of Significant Oversubscribes: The Deal Professor breaks down the recipe for a successful VC community Going Big: Cinven launches into a $7.1B fundraising Infrastructure Deals: Greece will keep leasing out its Athens airport and will seek private capital for other investments as well But Will He Bring the Blackboards? Glenn Beck could ship out at Fox News
Initial public offerings by U.S.-based buyout shops so far this year include some heavy hitters, but how are the portfolio companies that went public in 2010 doing? The table below looks at 10 with the highest returns through Friday. As of March 18, 2011, Oasis Petroleum Inc. has performed the best of the class of 2010 based on the increase in its stock price. Its shares are trading 52.96 112.57 percent higher compared with its IPO price. EnCap Investments LP’s Oasis Petroleum went public on June 17. It raised $588 million through the sale of 42 million for $14 a share. The Houston-based oil and gas explorer and producer ended Friday at $27.76.
Publicly traded, late-stage drug development company Aeterna Zentaris, based in Quebec, has appointed Michael Meyers to its board. Meyers cofounded Arcoda Capital Management of New York, which manages long-short funds that invest primarily in publicly traded healthcare companies. PRESS RELEASE: Aeterna Zentaris Inc. (NASDAQ: AEZS) (TSX: AEZ) (the “Company”), a late-stage drug development company specialized in […]