H.I.G. Capital has acquired Albertville Quality Foods (Albertville, Ala.) and Southern Quality Meats (Pontotoc, Miss) both providers of further processing services for protein-based products. No financial terms were disclosed. Sellers included Tennessee Valley Ventures.
NAIROBI (Reuters) – Egyptian private equity firm Citadel Capital said on Monday it is setting up a new $150 million co-investment fund for Africa, focusing particularly on the east of the continent. The main investors in the fund will be PROPARCO, a French development financial institution, the Dutch development bank FMO, along with the African […]
LONDON/FRANKFURT (Reuters) – Germany’s biggest cable television firm Kabel Deutschland on Monday published a prospectus for its 700 million euros ($958 million) initial public offering, making a trade sale very unlikely. A series of failed IPOs in the last three months have lowered expectations of strong investor demand for public equity sales. Private equity players […]
Commercial Credit Group, a Charlotte, N.C.-based provider of equipment financing for the construction, fleet transportation and waste industries, has raised $20 million in private equity funding from Falfurrias Capital Partners.
LONDON (Reuters) – HgCapital is in exclusive talks to buy UK commercial laundry equipment supplier John Laithwaite (JLA), in a deal that could be worth around 150 million pounds ($225.5 million), people familiar with the matter said. HgCapital saw off competition from other private equity houses to enter exclusive talks for the business, which provides […]
TOKYO (Reuters) – Private equity firm Olympus Capital Holdings Asia said it has named David Shen, now in charge of its Japan business, to a newly created position as head of its Asian operations. Shen, who will move to Hong Kong around July, will continue to lead the firm’s business in Japan, where it is […]
(Reuters) – Private equity firm CCMP Capital has agreed to buy data and marketing services company Infogroup Inc (IUSA.O) for about $460 million, the Wall Street Journal said, citing people familiar with the situation. Infogroup had hired investment bank Evercore in December 2008 to evaluate its options, the Journal said. An auction had drawn bids […]
LONDON (Reuters) – The remains of HBOS’s (HALp.L) investment portfolio could be sold this week with private equity group Coller Capital believed to be in pole position to buy what is left, reported the Sunday Times. The report said HBOS Integrated Finance, HBOS’s collection of investments in companies such as Vue cinemas and coffee chain […]
(Reuters) Global miner Anglo American said it had received “strong interest” in its zinc assets but would not confirm that Vedanta Resources (VED.L) and HudBay Minerals (HBM.TO) were the front-runners to acquire them. Britain’s Independent on Sunday reported that Indian-focused mining group Vedanta and Canadian miner HudBay were keen on buying Anglo’s zinc assets, which […]
Rajesh Khanna has resigned as a managing director in charge of Warburg Pincus' India operations. He reportedly will form his own firm and try to raise a private equity fund in excess of $250 million.