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News Briefs

Vision Capital has acquired a majority stake in Nordax Finans AB from Palamon Capital Partners. The deal valued Nordax Finans at approximately €105 million. The Stockholm-based company provides unsecured loans to individuals with "good credit standing" across the Nordic region.
CVC Capital Partners has agreed to acquire a 19% stake in listed Hong Kong brokerage Sun Hung Kai & Co., for approximately $272 million. Once closed, the deal would make CVC the company’s largest minority shareholder. www.cvc.com
Allen Han has joined CVC Capital Partners as a senior managing director of operations in Asia. He previously ran Honeywell's global sensing division.
Housatonic Partners today announced that it has closed its fifth fund with $325 million in capital commitments. peHUB had reported on the fund close earlier this month.
BEVERLY HILLS (Reuters) – Calpers, the biggest U.S. public pension fund, hopes to win fee cuts from other private equity firms following a deal it struck with Apollo to slice up to $125 million off fees, its CIO said on Monday. Pension funds and other investors have been able to wield increasing pressure on private […]
TOKYO (Reuters) – Private equity firm Advantage Partners has sold its 11.7 percent stake in terms of voting rights in struggling Japanese retailer Daiei Inc (8263.T) to a unit of Deutsche Bank (DBKGn.DE), Daiei said on Tuesday. Daiei said in a statement that Deutsche Securities Inc, the Japanese investment banking arm of the German bank, […]
HONG KONG (Reuters) – Iron Mining International, partly owned by private equity firm Hopu and Singapore’s state investor Temasek, has secured a $250 million investment from China Life (2628.HK) ahead of its planned Hong Kong IPO. Iron Mining has revived plans for a roughly $1 billion IPO, an offering expected to be handled by Credit […]
HONG KONG (Reuters) – The CEO of HSBC Holdings said on Tuesday it would not bid for a $4.2 billion controlling stake in Korea Exchange Bank (004940.KS), ending speculation that Europe’s biggest bank would once again take part in the auction. When asked by Reuters whether HSBC (HSBA.L) (0005.HK) was bidding for U.S. private equity […]
Skip Paul has joined Centerview Partners as a Los Angeles-based senior advisor in the firm's advisory practice, with a focus on the media and entertainment markets. He most recently was interim CEO of National Golf Properties (sold to Goldman Sachs) and the founder investor in Flektor (sold to News Corp).
Wildfire Interactive Inc., a Palo Alto, Calif.-based provider of social media marketing software, has raised an undisclosed amount of minority equity funding. Summit Partners led the round, and was joined by individual angels Jeff Clavier, Aydin Senkut and Gary Vaynerchuk.
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