Camber Corp., a Huntsville, Ala.-based provider of IT, engineering and training services to federal government agencies like the DoD, has acquired Veritas Analytics, a Sterling, Va.-based provider of intelligence analysis and risk assessment services for commercial enterprises and government. No financial terms were disclosed. Camber Corp. is a portfolio company of New Mountain Capital.
NEW YORK (Reuters) – Major bondholders of Energy Future Holdings have hired a law firm to help build support to rebuff a massive debt exchange by the company, sources close to the matter said on Tuesday. Richard Hahn, an attorney with Debevoise and Plimpton LLP in New York, confirmed that his firm has been retained […]
HONG KONG (Reuters) – An investor consortium led by U.S. buyout giant Kohlberg Kravis Roberts & Co announced on Wednesday that it poured a combined $160 million into a Chinese financial leasing firm to help it expand business. Besides KKR, other investors in the consortium include the Government of Singapore Investment Corp (GIC), the city-state’s […]
NEW YORK (Reuters) – Shares in RailAmerica Inc (RA.N), which owns and operates freight railroads in North America, fell as much as 8.2 percent in their debut on Tuesday, in a sign that the appetite for private equity-led IPOs may be weak. Unless RailAmerica shares rally, the U.S.-listed IPO will be the 11th out of […]
Aquiline Capital Partners completed its acquisition of Conning & Co., a Hartford, Conn.-based provider of services and solutions to the insurance market, from Swiss Reinsurance Company Ltd. No financial terms were disclosed. Conning has approximately $70 billion of general account assets under management and $100 billion of total assets under contract.
Michael Blum has joined ORIX USA as a managing director and head of corporate development and strategic opportunities. He previously spent 16 years with Merrill Lynch. PRESS RELEASE ORIX USA today announced the appointment of Michael A. Blum as Managing Director, Head of Corporate Development & Strategic Opportunities of ORIX USA Corporation. Blum, 45, will […]
Berkshire Partners has made a private equity investment in Grocery Outlet Inc., a Berkeley, Calif.-based discount grocer with over 135 stores in the Western U.S. No financial terms were disclosed.
FRANKFURT (Reuters) – The German government completed the nationalisation of stricken lender Hypo Real Estate (HRXG.DE) on Tuesday, setting the stage for a prolonged legal battle with minority shareholders, including J.C. Flowers. A Munich court approved the squeeze-out of minority shareholders, Hypo Real Estate said on Tuesday, which allowed for the German government’s rescue fund […]
BOSTON (Reuters) – Massachusetts will remove $1.6 billion from hedge fund managers Blackstone (BX.N), Crestline, EIM Management, and Strategic Investment Group as it rethinks its investment strategy after suffering recent heavy losses. Trustees for the roughly $40 billion fund voted on Tuesday to scrap the four firms, who all invested money in portable alpha, a […]
First Reserve Corporation, an energy-focused buyout firm based in Greenwich, Conn., has adopted the United Nations’ Principles for Responsible Investing. The principles consist of “a set of global investment best-practices that incorporate environmental, social and governance criteria into investment decision making.” PRESS RELEASE First Reserve Corporation, the largest and leading private equity firm specializing in […]