The Carlyle Group has completed its acquisition of the TCW Group. Financial terms were not announced. TCW management and employees will own about 40% of the company on a fully diluted basis. Carlyle's investment in TCW comes from the firm's Global Financial Services Buyouts fund, a $1.1 billion pool, and Carlyle Partners V, a U.S. buyout fund raised $13. 7 billion in 2007.
Yesterday, Dell announced it was being taken private in a $24.4 billion buyout from Silver Lake Partners and Michael Dell. The deal ranks as the biggest tech LBO ever.
Carrick Capital Partners has invested in Axiom, a company that helps general counsel manage their workload. Terms were not disclosed. The deal market Carrick’s first investment since closing its first fund in November 2012.
Ipreo, which is backed by KKR, has acquired Debtdomain. Fiancial terms weren't announced. Debtdomain, which has offices in New York, London, and Hong Kong, provides a web-based system for managing the loan syndication process from pitch to agency.
The Gores Group has completed the acquisition of Harris Broadcast Communications. Headquartered in Denver, CO, the business is a broadcast communications equipment provider.
InterMedia Partners is merging Cine Latino and InterMedia Espanol Holdings with Azteca Acquisition Corp. The deal is valued at approximately $400 million. The new company will be called Hemisphere Media Group Inc. InterMedia Partners and Azteca Acquisition Corporation are hosting a conference call today to discuss the transaction.
Charlesbank Capital Partners and Webster Capital have acquired OneStopPlus Group. OSP was a subsidiary of Redcats, owned by Paris-based luxury and sport & lifestyle group PPR. The OSP management team will also co-invest in the transaction.
The founding Pang Family of Mamee-Double Decker Berhad has entered into a partnership with The Headland Private Equity Fund 6 LP, a regional Asian private equity fund advised by Headland Capital Partners Limited. Mamee is a domestic food and beverage manufacturer in Malaysia.
Teakwood Capital has realised its minority investment in Global Acceptance Credit Company, a provider in the non-performing and distressed consumer receivables market. At the time of exit, the company owned and managed over a billion dollars in assets.
Montréal, Québec-based Valeant Pharmaceuticals International Inc., which develops, manufactures and markets pharmaceutical products, primarily in the areas of dermatology, neurology and branded generics, closed its acquisition of Natur Produkt International JSC, a specialty pharmaceutical company located in Saint Petersburg, Russia. The purchase price was approximately C$163 million. Natur Produkt has in past received investment from Russian private equity firms Renova Capital and Quadriga Capital Russia.