Scout Partners and KBW Capital Partners have invested in International Planning Group. Financial terms weren't disclosed. Wellesley, Mass.-based International Planning is a life insurance sales, marketing, distribution and consulting company.
General Atlantic said Monday that it has promoted Jing Hong to MD and Ke Wei and Joern Nikolay to principal. Hong is based in China and leads GA's global emerging markets consumer sector. Wei is in GA's Beijing office, while Nikolay is in London.
Cross Atlantic Capital Partners has invested in Sagence Group. Financial terms weren't disclosed. Sagence is a management consulting firm.
In the private equity world, if you’re not scrambling around trying to close a deal before the end of the year (as if for some reason the world would end if the close slips into January), this is when you spend some time evaluating what is working well and what needs to be improved in […]
Tim Pawlenty, the former governor of Minnesota, has joined Tiburon's board. Tiburon, which is backed by The Gores Group, provides public safety and security solutions for law enforcement, fire and rescue and corrections agencies.
CIT Group, a provider of financing to small businesses and middle market companies, has provided a $46.5 million senior secured credit facility to American Internet Services, a provider of enterprise-class data center and connectivity services in the Western United States. Privately held, AIS is backed by Seaport Capital, Viridian Investments, and DuPont Capital Management. PRESS […]
European private equity firm Cognetas has given up on the sale of French petrol station equipment provider Tokheim after offers failed to meet its price expectations, writes Reuters. Cognetas appointed JP Morgan to carry out a strategic review earlier this year, after receiving a number of expressions of interest for the business, reports Reuters. (Reuters) […]
Private equity firm TPG Capital is in talks with Japan’s Takefuji about a possible injection of funds, two people with direct knowledge of the matter said, wrote Reuters. A Japanese court in October approved a rehabilitation plan for Takefuji that allowed A&P Financial to invest in it, but the Korean firm has so far failed […]
Central and Eastern European private equity investor Royalton Capital Investors II has acquired an indirect stake of 70% of IUS Software, a Slovenian online information provider to legal and business professionals. The purchase of IUS marks Royalton’s first investment in Slovenia and its third acquisition in Central and Eastern Europe this year. PRESS RELEASE Royalton […]
Shelby Township, Michigan-based Models & Tools, a designer and manufacturer of tooling systems used in the aerospace and defense industries, has sold a majority ownership to Altus Capital Partners, a middle market private equity group. The senior management team of Models and Tools will remain in place and maintain a significant equity stake in the […]