Haruyasu Asakura has resigned as head of The Carlyle Group’s growth equity team in Japan, according to AltAssets. A spokesman told the publication that he plans to “join the public sector.” www.carlyle.com
One Equity Partners has agreed to invest $75 million into ArthroCare Corp. (OTC BB: ARTC), an Austin, Texas-based maker of minimally-invasive surgical products. The investment would be in the form of newly-issued Series A convertible preferred stock, convertible into common stock at $15 per share.
SHANGHAI (Reuters) – First Eastern Investment Group, a Hong Kong-based private equity firm, aims to raise 6 billion yuan ($878 million) for yuan-denominated funds over the next 12 months to expand its investments in China. First Eastern also said in a statement it was the first international private equity firm to set up a Shanghai-based […]
Richardson Foods Inc., a maker of branded confectionery products, has acquired Bogdon Candy Co. from the Dynamics Confections Group. No financial terms were disclosed. Richardson Foods is a portfolio company of Founders Equity, while Dynamic Confections is a portfolio company of Dolphin Capital Group.
FleetCor, a Norcross, Ga.-based provider of branded fuel cards, has acquired the UK and Ireland fuel card businesses of Retail Decision. No financial terms were disclosed. FleetCor shareholders include Summit Partners, Advantage Capital, Advent International, Nautic Partners, HarbourVest Partners and Performance Equity Management.
NEW YORK (Reuters) – U.S. banking regulators have asked prospective buyers of struggling Texas bank Guaranty Financial Group (GFG.N) to submit bids by Monday, the Financial Times reported, citing people familiar with the matter. Regulators are hoping that three banks that had bid for Colonial Bank — Canada’s Toronto Dominion (TD.TO), JPMorgan (JPM.N) and Spain’s […]
NEW YORK, (Reuters) – Guy Hands’ private equity firm Terra Firma Capital Partners, the owner of EMI Group, is working to prevent a loan agreement default at the company’s recorded music unit, the Wall Street Journal reported. Terra Firma acquired EMI for 4 billion pounds, including 1.4 billion in cash from investors and a 2.6 […]
NEW YORK (Reuters) – Investors lured by healthier stock markets and private equity firms eager to unload stakes in their portfolio companies are setting the stage for the return of billion-dollar-sized initial public offerings to the United States. The size of several recent deals and new IPO applications has grown larger than what has been […]
NEW YORK (Reuters) – Activist investor Carl Icahn is under fire from a hedge fund that accuses the billionaire investor of enriching himself at the expense of minority shareholders in XO Holdings Inc (XOHO.OB), a company he controls. The suit represents a role reversal for Icahn, who has made a lucrative career of buying stakes […]
(Reuters) – NCI Building Systems Inc (NCS.N) said a fund managed by Clayton, Dubilier & Rice (CD&R) has agreed to invest $250 million in the company, and that it expects to be profitable in the third quarter, driving its shares up as much as 23 percent. The company, a maker of metal building components and […]