Stephen Green has joined European private equity firm Bridgepoint as a partner. He will serve as head of the European private equity firm's financial services team, succeeding six-year vetJohn Davison who is leaving "to pursue other interests." Green previously led the global financial and business services team for Apax Partners.
Canal Partners has acquired a control stake in NETtime Solutions, a Scottsdale, Ariz.-based provider of an online time and attendance SaaS suite. No financial terms were disclosed.
Andy Kaye has joined William Blair & Co. as head of its Asian operations, based out of the firm's China office. He previously ran his own boutique and, before that, spent time with bothCIBC World Markets and Robertson Stephens.
(Reuters) – Harbinger Capital Partners is conducting a strategic review of its home appliance business Salton with an eye towards a possible sale or a refinancing of the company’s debt, the New York Post said citing sources. The U.S. hedge fund led by Phil Falcone is the controlling stakeholder of Salton, which sells appliances under […]
SHANGHAI (Reuters) – China Investment Corp (CIC), the country’s $200 billion sovereign wealth fund, said it will start a new round of global hiring to support an expansion of its operations as it seeks new overseas investments. CIC, which currently employs about 200 people, will seek professional staff in 33 categories, including risk management, real […]
(Reuters) – Kohlberg Kravis Roberts & Co (KKR), CVC Capital Partners and TPG are interested in buying part of Anheuser-Busch InBev NV’s (ABI.BR) operations in Central and Eastern Europe in a deal that could be worth more than $2.5 billion, the Wall Street Journal said, citing people familiar with the matter. Anheuser was approached by […]
Kona Grill Inc. (Nasdaq: KONA) has said that Mill Road Capital's $27.9 million buyout offer undervalues the company. The $4.60 per share offer was double the company's closing price on the final trading day before the offer was announced.
Jefferies Capital Partners has agreed to buy a 30.4% equity stake in Carrols Restaurant Group Inc. (Nasdaq: TAST) from Madison Dearborn Partners and a subsidiary of Bahrain International Bank. The deal includes the sale of approximately 6.56 million shares, which have a current market value of around $40 million.
Jon Krogstad has joined MMV Financial as a Palo Alto-based senior vice president responsible for business development in the Western U.S. He previously opened the Silicon Valley office of Vencore Capital, which provides debt financing to early-stage companies.
NEW YORK (Reuters) – Carlyle Group CYL.UL and Blackstone Group LP (BX.N) are leading an investor group that is bidding to acquire First Republic Bank, a private banking unit of Bank of America Corp (BAC.N), Bloomberg News said on Tuesday, citing three people familiar with the matter. The private equity firms may partner with First […]