NEW YORK (Reuters) – Talecris Biotherapeutics Holdings Corp priced shares in its initial public offering for $19 each, within the expected range, but increased the size of the share issue in the largest IPO by a biopharmaceuticals firm in three years. Talecris, which produces plasma-based protein therapies, sold 50 million shares, 11.8 percent more than […]
LONDON (Reuters) – British infrastructure group 3i Infrastructure Plc (3IN.L) said on Thursday companies in its portfolio continue to perform and that valuations were aided by movements in its junior debt portfolio. The sister company to listed private equity firm 3i Group Plc (III.L) said the value of its junior debt portfolio rose 20 percent […]
Hellman & Friedman has closed its seventh buyout fund with $8.8 billion in capital commitments. The firm also announced that Warren Hellman will step down as firm chairman, but remain as an investment committee member. Philip Hammarskjold will succeed Brian Powers as CEO.
Cortec Group has acquired a majority interest in Katena Products Inc., a Denville, N.J.-based maker of micro instruments for ophthalmic surgeries of the anterior segment of the eye. No financial terms were disclosed. Investment bank The Walden Group represented Katena Products.
NEW YORK (Reuters) – CIT Group Inc is nearing a plan that likely would hand the commercial lender over to its bondholders, sources familiar with the matter said on Tuesday. CIT was preparing an exchange offer that would eliminate up to 40 percent of its more than $30 billion in outstanding debt, said the sources, […]
American Capital (Nasdaq: ACAS) has closed its Frankfurt, Germany office, "in response to the global downturn in the private equity markets over the past two years." The office's assets will continue to be managed by the firm's London staff.
Tom Ehret has joined Advent International as an operating partner, with a focus on the oil and gas services and equipment sector. He previously was CEO of Acergy SA, a global offshore engineering and construction contractors to the oil and gas industry.
Great Hill Partners has sold its 91% stake in Brazilian ecommerce company BuscaPé.com Inc. to Naspers Ltd. (LSE: NPSN) for US$374 million. Great Hill acquired its stake in December 2005.
ApoCell Inc., a Houston, Texas-based provider of molecular diagnostics, has raised an undisclosed amount of private equity funding from Summit Partners. PRESS RELEASE ApoCell, Inc., a specialized molecular diagnostics laboratory that analyzes the effectiveness of new compounds for the world’s leading pharmaceutical and biotechnology companies, announced today that it has received an investment from growth […]
Navigation Capital Partners has sponsored a recapitalization of portfolio company Five Star Food Service, a Chattanooga, Tenn.-based provider of vending, coffee and food services. The deal increases Navigation's majority stake, although no financial terms were disclosed.