CHICAGO (Reuters) – Three private equity firms have agreed to invest up to $450 million in First Southern Bancorp Inc, giving them control of a small Florida lender that could be used to acquire more banks. The agreement in principle with affiliates of Fortress Investment Group LLC (FIG.N), Crestview Partners LP and Lightyear Capital calls […]
LONDON (Reuters) – Investment fund F2i and AXA Private Equity are close to securing a 1.025 billion euro ($1.4 billion) loan to back their acquisition of Italian utility Enel’s gas distribution unit Rete Gas, two sources said on Friday. Enel SpA (ENEI.MI) sold an 80 percent stake in Rete Gas in a cash-and-debt deal valued […]
Olympus Partners, a Stamford, Conn.-based private equity investor, has invested $50 million in equity and subordinated debt in Atlas Industrial Services LLC, which provides mill services to the global steel industry through its subsidiary Phoenix Services. press release: Olympus Partners (“Olympus”), a Stamford, CT-based private equity investor, has invested $50 million in equity and subordinated […]
Apollo Management is preparing to raise a private equity real estate fund later this year and has hired professionals from Lehman Brothers, Goldman Sachs and Barclays Capital to lead the effort, according to Private Equity Real Estate. The group includes Scott Weiner and Ken Picache, Jason Eisenberg, Tim Fuzesi, and Joe Azrack, and Jon Thompson, […]
Court Square Capital Partners has purchased Wyle Holdings, a military and government agency IT provider, from Greenwich, Conn.-based turnaround buyout firm Littlejohn & Co. for an undisclosed amount. Press release: Wyle Holdings, Inc., one of the nation’s leading providers of specialized engineering, professional, and information technology services to military and civilian government agencies, today announced […]
Robert Womsley joined Water Street Healthcare Parter, a buyout firm that invests in health care companies. Womsley, formerly a senior partner with Citi Private Equity, will begin July 1. Press release: Water Street Healthcare Partners, a leading private equity firm focused exclusively on the health care industry, announced today that Robert B. Womsley has agreed […]
Enel Rete Gas SpA, a natural gas distributor based in Italy, and a Enel Distribuzione SpA, will sell an 80% stake to F2i and AXA Private Equity for 480 million euros. Press release: Further to the green light of the Board of Directors of Enel SpA (“Enel”), which met yesterday under the chairmanship of Piero […]
(Reuters) – The private capital arm of the Ontario Teachers’ Pension Plan, one of Canada’s largest investors, will likely ramp-up purchases of businesses in the next three or four years as it takes advantage of bargains. Erol Uzumeri, head of private equity at the C$87.4 billion Teachers’ plan, said on Thursday the global economic slowdown […]
Hilco Equity Partners and Monomoy Capital Partners acquired the Atkins Elegant Desserts, Inc. The business will work closely with Awrey Bakeries, LLC, a Livonia, Michigan bakery currently owned by Hilco Equity and Monomoy. Atkins, located in Noblesville, Indiana, is a niche manufacturer of cheesecakes, layer cakes and brownies. Press release: Hilco Equity Partners, L.P., a […]
Aquiline Capital Partners, the New York buyout firm which recently hired former Wachovia CEO Ken Thompson, said it now owns a 5.12% stake in BinckBank NV. The shares were acquired at no cost because of a transfer from parent firm JPMorgan Chase as part of a derivative agreement. press release: Aquiline Capital Partners LLC (“Aquiline”), […]