Rue21, a Warrendale, Penn.-based youth clothing retailer, has set its IPO terms to around 6.77 million common shares being offered at between $16 and $18 per share. It would have an initial market cap of approximately $435 million, were it to price at the high end of its range. The company plans to trade on […]
CapMan has agreed to acquire a majority stake in SRK Konsultation AB, a Swedish provider of residential care, treatment and educational services for young people and adults. No financial terms were disclosed.
Baring Private Equity Asia has acquired a 16.5% stake in Singapore-listed confectioner Hsu Fu Chi. The deal was valued at US$135 million. www.bpeasia.com
Lightyear Capital has agreed to acquire $40 million of common stock in Bend, Ore.-based community bank Cascade Bancorp (Nasdaq: CACB). Existing Cascade shareholder David Bolger also agreed to buy an additional $25 million worth of common stock.
Platinum Group has acquired the assets of G.C. Peterson Machinery Co., a Minneapolis-based maker of woodworking and plastics equipment. No financial terms were disclosed.
HONG KONG (Reuters) – Singapore state investor Temasek, Blackstone Group (BX.N) and KKR are among the firms expected to submit first-round bids for AXA’s (AXAF.PA) stake in Taikang Life, sources said on Monday, an investment that te French insurer values at $1.05 billion. Taikang’s total assets are worth $28.12 billion, according to an auction-related document […]
Suni Goonetillake appointed as partner
Global private equity firm Advent International has added a second person to its operating partner programme focusing on the oil and gas services and equipment sector. With over 30 years of experience, Tom Ehret will lead the European deals team in the offshore and subsea sectors. Prior to Advent, he was CEO of Acergy, an […]
Private equity recruitment specialist, Directorbank, has appointed Dorothea Kronenberghs as European account director in Germany. Based in the firm’s Frankfurt office, Kronenberghs will provide recruitment services to Directorbank’s private equity client base. She will also be responsible for developing the company’s candidate network in the region. Prior to Directorbank, she headed up the business leaders […]
Wilson joins from Candover where he was director of the London office. Prior to Candover, he was a consultant at Bain & Company for six years. Wilson is Palamon’s fourth hire this year and the third vice-president recruit. So far this year, Ricardo Caupers and Pascal Jean-Noël Noth were hired as vice-presidents and Dr Richard […]