(Reuters) – Mergers and acquisitions will get a fillip from consolidation in hard-hit industries despite the financial downturn, as the strong eat the weak. M&A business has slumped in the past year but companies with strong balance sheets are out bargain-hunting. Business leaders meeting in Davos this week said they saw opportunities in the global […]
Brysam Global Partners, a New York-based private equity firm, acquired an 18.8% interest in BCSC, a leading Colombian financial institution based in Bogotá. Brysam was founded in 2007 Marge Magner and Bob Willumstad to invest in consumer financial services in the emerging markets. Press release: Brysam Global Partners, a U.S. private equity firm that specializes […]
Ballast Point Ventures, a St. Petersburg, Fla., firm affiliated with Raymond James Financial, Inc. closed a $3 million growth equity investment in MolecularMD Corporation, a West Palm Beach, Fla., molecular diagnostic company. BPV was the only investor in the financing. Press release: Ballast Point Ventures (BPV), a venture capital firm affiliated with Raymond James Financial, […]
3i Infrastructure Plc (3IN.L), one of the funds vying to buy Gatwick airport, said on Friday it was well-placed to make new investments, and had bought more junior debt since Oct 1. 3i Infrastructure also said Cressida Hogg had been appointed managing partner of infrastructure at 3i Group Plc (III.L), the British private equity firm […]
(Reuters) – Henry Kravis, founding partner of Kohlberg Kravis Roberts, said on Friday seized-up capital markets create opportunities for his private equity buyout giant. “You can do deals in a deleveraging environment. 2006/2007 were great. We put money out in 2008 too but differently,” Kravis told a panel at the World Economic Forum’s annual meeting. […]
(Reuters) – Buyout firm Permira will hold off on a sale of its stake in German specialty chemicals company Cognis until the economic crisis passes, the head of Permira’s German operations was quoted saying in a newspaper published on Friday. An initial public offering for Cognis, a former division of glues and detergents maker Henkel, […]
NEW YORK (Reuters) – Private equity firm TPG Capital has dropped out of an auction for American International Group Inc’s (AIG.N) aircraft leasing unit, International Lease Finance Corp, sources familiar with the matter said. TPG was one of several private equity firms and sovereign wealth funds from several countries that put in initial bids for […]
Z Capital Partners has held a $100 million first close on its debut fund, which is targeting a total of $500 million, peHUB has learned. The New York-based firm plans to make control investments in middle-market distressed companies, operational turnarounds and special situations. It’s run by Jim Zenni, former president and co-founder of Black Diamond Capital Management. www.zcap.net
Primus Capital Funds has promoted Scott Harper to managing director. He joined the firm in 1994 from Goldman Sachs.
NEW YORK (Reuters) – Emerging markets will likely remain a viable alternative for private-equity investors seeking returns during the deepening global financial crisis, according to an official with the International Finance Corporation. Emerging market economies are expected to still expand in 2009, said David Wilton, manager for private equity and investment funds at the IFC, […]