Laura Prager and Linda Prager have joined interdealer broker ICAP PLC, as co-heads and managing director of a new alternative investments group that will serve as a secondaries intermediary. Laura previously founded LP Strategic Capital, while Linda was US head of Citiy’s prime brokerage business consulting practice. The two are sisters.
Baskins, a Livingston, Texas-based retailer of western work and weekend apparel, has been acquired by Banyan Mezzanine Fund, Consumer Growth Partners and Diamond State Ventures. No financial terms were disclosed. Sarowdin Partners advised Baskins on the deal. www.baskins.com
Susan Gillick has joined Standish Management, a provider of outsourced accounting infrastructure to VC and PE firms, as head of the firm's new Boston office. She previously was controller with Elevation Partners and, before that, was with Fox Paine & Co.
Taylor-Wharton International, a portfolio company of Wind Point Partners, has sold Structural Composites Industries to a subsidiary of Worthington Industries (NYSE: WOR). SCI is a Pomona, Calif.-based maker of high-pressure cylinders used in commercial, military, marine and aerospace applications. no financial terms were disclosed. Lincoln International advised the seller.
ONE Industries, an acquisition platform focused on the motocross aftermarket parts and accessories industry, has acquired Rush Racing, a UK-based importer and exporter of racing equipment. No financial terms were disclosed. ONE Industries is a portfolio company of Wedbush Capital Partners.
NEW YORK (Reuters) – A U.S. proposal to ban so-called placement agents from helping private equity firms raise money from public pension funds would stifle the process of raising capital for smaller funds, Blackstone Group (BX.N) told the U.S. Securities and Exchange Commission. Blackstone Chief Executive Stephen Schwarzman said the private equity firm may never […]
HONG KONG (Reuters) – Macquarie Group (MQG.AX) on Wednesday said it had hired a Merrill Lynch M&A banking veteran, Kalpana Desai, as deputy head of Asia for Macquarie Capital Advisers. Desai left Bank of America-Merrill Lynch in May, where she was head of Asia M&A, excluding Japan. She will report to Macquarie Capital’s Asia head […]
NEW YORK (Reuters) – Richard Parsons, the chairman of Citigroup Inc (C.N), is joining Providence Equity Partners as a senior adviser, the Rhode Island-based private equity firm said on Wednesday. Parsons, also the former chairman and chief executive of Time Warner (TWX.N), will continue to serve as chairman of Citigroup, which will remain his primary […]
(Reuters) – Private equity firms Kohlberg Kravis Roberts & Co, Thomas H. Lee Partners, and Providence Equity Partners Inc may bid for Cox Enterprises’ Travel Channel, Bloomberg reported, citing people familiar with the situation. The parties are in discussions with Discovery Communications Inc to run the channel should they win the auction, one of the […]
TAIPEI/HONG KONG (Reuters) – Carlyle Group and Taiwan Mobile struck a $1 billion deal on Wednesday, with Carlyle taking a big chunk of the telecommunications group in a sign the private equity firm has faith in the island’s economy. The deal creates Taiwan’s largest pay TV operator and marks the second major acquisition in Taiwan’s […]