India’s GMR Infrastructure Ltd., which develops airport and energy projects, plans to raise $150 million in private equity funding, Reuters reported. The company is in the process of securing government approval for the fundraising, which will support its airport business. Last month, GMR said Macquarie SBI Infrastructure Investments had invested $200 million in its unit, GMR Airports Holding Ltd, which runs the Delhi and Hyderabad airports, Reuters wrote.
Gildan Activewear has agreed to buy Gold Toe Moretz Holdings, which is backed by the Blackstone Group. The total purchase price is about $350 million but Gildan will not assume any of Gold Toe's outstanding debt. Gold Toe supplies athletic, casual and dress socks and has been rumored to be near bankruptcy for months. Blackstone acquired the company in 2006 in a deal valued at $466 million. The majority of the purchase price will be represented by intangible assets, including the value of these brands, a statement said.
PLUS Diagnostics, which is backed by Water Street Healthcare Partners, has appointed David Pauluzzi as its CEO. Pauluzzi has been PLUS Diagnostics's president and COO since 2008. Tim Brodnik, who has been serving as PLUS's executive chairman, will continue in this role.
Cybit and Masternaut, industry leaders in logistics, fleet tracking and drive management solutions, have combined to form a single European telematics firm. The company will remain known as Masternaut. The deal was overseen by technology-focused private investment fund, Francisco Partners, which acquired Cybit Holdings plc in 2009.
Partners Group has made a direct investment in a 71 MW solar photovoltaic power plant in the Rovigo province of northern Italy. First Reserve also invested, according to a statement. Financial terms were not announced.
Mediasafe 1 Technologies Corp. said Monday that it has signed a final agreement to receive a $5 million equity investment. Mediasafe, which provides technology to stop unauthorized administration of drug or medical substances by hypodermic needle, signed a letter of intent recently to secure $5 million in funding from Centurion Private Equity, which is managed by Roswell Capital Partners.
UnXis, which was formed by Stephen Norris and MerchantBridge, has acquired The SCO Group's operating assets and intellectual property rights. UnXis has agreed to invest $25 million over the next 18 months. Norris was previously the co-founder of the Carlyle Group. MerchantBridge is a PE firm with offices in in the U.K., Iraq, Saudi Arabia, Lebanon and the United Arab Emirates.
Prudential Financial and Fosun Group announced Monday an agreement that allows them to move forward in creating a $600 million PE fund for the Chinese marketplace. The pool will be called Pramerica-Fosun China Opportunity Fund, L.P. The agreement allows the investment team to begin making investments in China-based companiesand companies outside of China but with significant revenue or business connections in that country. The firms, in January, announced the formation of the fund.
PetroChoice, which is backed by KRG Capital Partners, has acquired Anderson Lubricants from shareholder Steve King. Financial terms weren't disclosed. King, who is Anderson's CEO, and well as existing company management, will continue in their roles. PetroChoice, of Riddlesburg, Pa., is focused on buying lubricant distributors to expand its geographic footpritn and service offerings. Anderson, which distributes commercial and industrial ExxonMobil and private label products, will serve as the foundation for PetroChoice’s Midwest division.
The Gores Group said Monday that Lewis "Lee" Bird has joined as managing director. Bird will based in Los Angeles and will be Gores’ operations group practice leader for the consumer and retail industry. Previously, Bird was group president at Nike, where he led Nike’s portfolio of affiliate brands, the company's M&A efforts and was a member of Nike's executive committee.