Shackleton Equity Partners has acquired RTI Electronics Inc. from IntriCon Corp. (Nasdaq: IIN). No financial terms were disclosed. RTI makes thermistor, film capacitor and magnetic passive electronic components.
Wall Street Systems, a developer of financial trading and treasury engines, has acquired corporate treasury specialist City Financials. No financial terms were disclosed. Wall Street Systems is a portfolio company of Warburg Pincus.
Elbrus Capital has been launched as a new Russian private equity firm, following last year's purchase of Renaissance Private Equity from Renaissance Group. The group still has around $160 million in legacy dry powder to invest. Its principals are: Dmitri Krukov, former managing partner of Renaissance Private Equity, Alexander Savin, former CEO of A1 Group, and Robert Thielen, founder and managing partner of Waterland Private Equity.
J. Wayne Merck, former president and CEO of K2 Inc., has joined Angelo Gordon & Co. as a senior advisor to the firm's private equity group. He also will serve on the board of portfolio company KEE Action Sports.
International Meal Company Holdings, a Brazilian retail food concessionaire and multi-brand casual dining chain, has raised over $100 million in new equity funding. British Columbia Investment Management Corp. and an undisclosed Asian investment management firm were joined on the deal by existing IMC controlling shareholder Advent International.
Global Environment Fund is raising $150 million for a private equity fund solely focused on sustainable forestry in sub-Saharan Africa. It already has secured a $50 million commitment from UK-based development finance group CDC.
HitecVision, a European private equity firm focused on the oil and gas sector, has raised $420 million for its "asset solutions" fund. The capital will be used to invest in the asset-based side of the international offshore oil and gas service industry. MVision served as placement agent.
VANCOUVER (Reuters) – Porter Aviation Holdings Inc, an upstart regional challenger to Canada’s major airlines, said on Tuesday it was suspending plans for an initial public stock offering, the latest company to be burned by the equity market’s recent volatility. The small, 3-1/2-year-old carrier, which has been luring travelers from Air Canada (ACa.TO) and WestJet […]
LONDON (Reuters) – British budget fashion retailer New Look has no plans to relaunch its stock market flotation in the near future amid an uncertain economic environment for consumers, it said on Wednesday. However the group, which postponed a planned stock market return in February due to volatile financial markets, said it was confident of […]
FRANKFURT (Reuters) – BASF (BASF.DE) has agreed in principle with the private equity owners of Cognis on a takeover of the German maker of additives, a newspaper reported on Wednesday. BASF, the world’s largest chemicals maker, and Cognis’s owners Permira and Goldman Sachs Capital Partners (GS.N) have agreed terms on the price and on the […]