Louis de Saint-Marcq has joined placement agent Capstone Partners as an associate partner in the firm's European office. He previously was in the London office of Goldman Sachs as an executive director of equities.
Catherine Lewis La Torre has been named a partner with Fondinvest Capital, a French fund-of-funds manager. She previously was a founding partner of Proventure, a fund-of-funds manager focused on the European middle markets. www.fondinvest.com
Lee Scott, former president and CEO of Wal-Mart, has joined Solamere Capital as an operating partner and member of the firm's investment committee. He had joined Wal-Mart in 1979 as an assistant director in the company's logistics division, and served as president and CEO for nine years until leaving this past February.
Archipelago Learning Inc., a Dallas-based provider of online education tools and services, has set its IPO terms to 6.25 million common shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $427 million, were it to price at the high end of its range. The company […]
LONDON (Reuters) – Private equity firm CVC dissolved a consortium with General Electric (GE.N) that had been planning a joint bid for the transmission and distribution (T&D) business of Areva (CEPFi.PA) , a person familiar with the matter said on Monday. CVC was reluctant to be a minority shareholder and General Electric grew in confidence […]
NEW YORK (Reuters) – Automobile parts maker Lear Corp (LEA_w.N) said on Monday that it had emerged from bankruptcy protection with less than $1 billion in debt. The maker of seats, door panels and electrical distribution systems for cars also said its new common shares would trade on the New York Stock exchange under the […]
Kohlberg Capital Corp (KCAP.O) said the filing of its third-quarter results would be delayed after its independent public accountants Deloitte & Touche LLP raised questions about the process of valuing certain loan portfolio investments. The business development company said Deloitte issued an unqualified opinion on its financial statements for the fiscal ended Dec 31, 2008. […]
WILMINGTON, Del. (Reuters) – Bankrupt Six Flags Inc. has submitted a new reorganization plan that represents a victory for hedge fund Avenue Capital Management, which fought an initial proposal that gave little to bondholders. The world’s largest regional theme park operator filed for bankruptcy in the middle of the year with a plan that transferred […]
Hellman & Friedman and JMI Equity have agreed to acquire Datatel Inc., a Fairfax, Va.-based provider of enterprise information management solutions for higher education institutions. No financial terms were disclosed. Sellers include Thoma Bravo, Trident Capital, HarbourVest Partners and JP Morgan Asset Management -- which sponsored a management buyout of Datatel in early 2005.
Sean Carroll has joined executive search firm Polachi & Co. as a Stamford, Conn.-based partner, with a focus on C-level tech executives. He previously was a managing partner with the Barlow Group, and before that was with both Pequot Capital's venture capital unit and Heidrick & Struggles.