Apollo Global Management is set to acquire Belgian chemicals company Taminco for around 1.2 billion euros ($1.56 billion), Reuters reported Thursday. Taminco is currently owned by CVC Capital Partners. Ghent-based Taminco makes chemical building blocks for crop protection, animal feeds, water treatment and drugs.
Evan Eason and Michael Horgan were each promoted partner at Olympus Partners. Eason joined the Stamford, Conn.-based PE firm in 2006 as a VP and became a principal in 2010. He has worked on transactions in the healthcare, restaurant and the financial services industries. Horgan joined Olympus in 2008 as a VP and became a principal in 2010. Horgan focuses on manufacturing, steel services and financial services. The promotions are effective at the beginning of 2012.
Jeremie Le Febvre has left Triago, a spokesman confirmed Thursday. Le Febvre joined Triago in 2008 and was a managing partner at the global placement agent. "We decided to part ways because the relationship wasn’t working for us," the Triago spokesman says. It's not clear what Le Febvre's future plans are. His bio and picture are no longer on the Triago web site. Le Febvre is currently a managing partner at TBG Capital Advisors, according to LinkedIn.
(Reuters) – Glam Media, the women’s lifestyle online publishing and advertising company, is close to selecting bankers to lead an initial stock offering slated for 2012, according to people familiar with the matter. Investment banks Goldman Sachs and Morgan Stanley are in the running to lead Glam Media’s IPO, the people said, following a selection […]
A few months ago on peHUB, I engaged in a lively debate about the state of entrepreneurship and venture capital, here and here. One of the issues I addressed, the absence of women in the venture capital, technology and startup worlds, was revisited last week at the TEDx Global Woman’s Entrepreneur event. At minute 11, […]
Manufacturer of custom in-ear communication and hearing protection products Westone Laboratories has secured backing from CID Capital, an Indianapolis, Indiana based private equity firm. The investment will allow the Westone management team to continue to build the company with a new investment partner while allowing members of the family that founded Westone to diversify and […]
Private equity firm CVC has dropped an idea to split its A$2.6 billion ($2.6 billion) of debt in Australia’s Nine Entertainment, with talks on refinancing likely to go well into 2012, writes Reuters. CVC had been exploring the idea to split the debt, with one tranche for banks and a second class for hedge funds […]
A handful of lenders are considering committing to the $4 billion loan for Alibaba Group that will help the Chinese e-commerce giant buy back part of the 40 percent stake that Yahoo owns in the company, Thomson Reuters publication Basis Point reported. Apart from Yahoo, Softbank also owns 40 percent of Alibaba, while Yunfeng Capital […]
Four private equity firms including Kohlberg Kravis Roberts & Co LP and Providence Equity Partners are bidding for healthcare information provider WebMD Health Corp, the New York Post reported, citing sources, writes Reuters. The internet company has set Monday as its final bidding deadline, writes Reuters. (Reuters) – Four private equity firms including Kohlberg Kravis […]
Specialty finance firm Wellington Financial has announced a US$4 million venture debt financing for Reston, VA-based Harmony Information Systems. Harmony provides off-the-shelf solutions for managing the delivery of home- and community-based, long-term care. PRESS RELEASE Wellington Financial LP, a privately-held specialty finance firm, today announced a US$4 million venture debt financing for Reston, VA-based Harmony […]