David Dvorin has joined Welsh, Carson, Anderson & Stowe as a senior operating executive, with a focus on revenue and pricing issues for WCAS portfolio companies. He previously was VP of gobal strategic pricing for Thermo Fisher Scientific.
Saratoga Investment Advisors and CLO Partners have agreed to purchase a minority stake in business GSC Investment Corp. (NYSE: GNV), as part of a $55 million recapitalization plan to help the company grow its mid-market lending business.
WILMINGTON, Del. (Reuters) – Point Blank Solutions Inc (PBSO.PK), a maker of body armor for the U.S. Army, filed for bankruptcy on Wednesday due partly to legal costs associated with a former chief executive who was indicted for fraud. The former CEO, David Brooks, was listed as the company’s largest shareholder with a 22.6 percent […]
TORONTO (Reuters) – Canadian private wealth management firm Salida Capital said on Wednesday it plans to launch a private equity fund, which so far has C$100 million ($100 million) in seed investment committed. The official marketing period of the natural resources-focused fund will begin in May and last six to eight months, or until it […]
NEW YORK (Reuters) – Dollar General Corp (DG.N) on Wednesday priced 26 million shares at $27 each in a secondary public offering that allowed certain shareholders to sell their stock, the company said in a statement. Private equity firm Kohlberg Kravis Roberts & Co owned 88 percent of Dollar General’s shares following the company’s public […]
HONG KONG (Reuters) – Private equity firm TPG is planning to exit China Grand Automotive Services Co Ltd through a stock listing, and has hired China International Capital Corp (CICC) and Goldman Sachs (GS.N) as lead managers, people familiar with the process told Reuters. The size and timing of the offer is still uncertain, but […]
Anchorage Capital Partners has closed its debut buyout fund, which will focus on special situation and turnaround opportunities in Australia. It secured A$200 million in capital commitments, with MVision serving as placement agent. PRESS RELEASE Anchorage Capital Partners (“Anchorage”), the Sydney based private equity firm which focuses on Australian mid market special situation and turnaround […]
(Reuters) – Travel and tourism IT firm Amadeus aims to raise up to 1.36 billion euros ($1.86 billion) when it returns to the Madrid stock exchange on later this month in Europe’s largest IPO this year. Amadeus, with 2.46 billion euros of revenues in 2009, was delisted four years ago when BC Partners and Cinven […]
Silver Lake Partners has acquired a 60% stake in payment processing company Mercury Payment Systems, for an undisclosed amount.
TAIPEI (Reuters) – A problem over an indirect state shareholding that is stalling Carlyle Group’s $1 billion deal for a stake in mobile phone firm Taiwan Mobile (3045.TW) must be sorted out by the parties involved, a Taiwan regulator said on Wednesday. Carlyle’s plan to exchange its stake in Taiwan cable TV company Kbro for […]