LONDON (Reuters) – Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz) and Kohlberg Kravis Roberts & Co KKR.UL are each looking to buy parts of Lehman’s real estate and asset management units, sources familiar with the situation said on Friday. The real estate unit, which includes property and some asset-backed securities, could be worth […]
LONDON, Sept 5 (Reuters) – The private equity consortium rebuffed in its bid for British publishing group Informa Plc (INF.L: Quote, Profile, Research, Stock Buzz) could return with a slightly higher offer, a source close to the situation told Reuters on Friday. The publisher of the shipping publication Lloyd’s List on Thursday rejected a reduced […]
Credit Agricole Private Equity, the private equity arm of Credit Agricole, is launching a co-investment platform taking minority stakes alongside European and North American funds. Two new funds have already each received an allocation of EUR 50m (US$72m), with one sponsored by Credit Agricole and the other naming Credit Agricole's insurance company Predica as an […]
Cinven has hired to people to join its new Hong Kong office, due to open in early 2009. Joseph Wan will join as a partner and Richard Cheung has been appointed as a principal. Wan joins from The Boston Consulting Group, Hong Kong, where he was a partner and managing director from 2001. Prior to […]
Heritage Partners has agreed to sell Geneva Watch, a Long Island City, N.Y.-based watch distributor and designer, to Italy's Binda Group. No financial terms were disclosed. www.genevawatchgroup.com
Dufry and Hudson Group, both airport retailers backed by Advent International, have agreed to merge. PRESS RELEASE Dufry signed a merger agreement with Hudson Group, the premier travel retailer in North America, which is majority owned by private equity firm Advent International. In 2007, Hudson generated a turnover of USD 666 million and EBITDA of […]
Gordon Liao has joined Baird Capital Partners as a vice president in the firm's Manufactured Products group. He previously was a principal with Reliant Equity Investors. PRESS RELEASE Baird Capital Partners (BCP), the U.S.-based buyout fund of Baird Private Equity, has added Gordon C. C. Liao as a Vice President on the Manufactured […]
Pantheon Ventures has added three investment professionals to its Hong Kong office: Alex Wilmerding, principal, who was previously with Citigroup Private Bank; Minjun Chung, associate, who was previously with McKinsey & Co.; and Leah Liu, analyst, who was previously with Lazard Freres. PRESS RELEASE Leading private equity fund-of-funds investor, Pantheon, is building on […]
mPay Gateway, a Minneapolis-based provider of point-of-care patient payment solutions, has raised $6.75 million in Series B funding. GRP Partners was joined by return backers like Appian Ventures. PRESS RELEASE mPay Gateway, a Minneapolis, MN company specializing in point of care patient payments, announced today the closing of $6.75 million in venture capital financing. […]
Pathwork Diagnostics, a Sunnyvale, Calif.-based molecular diagnostics company focused on oncology, has raised $20 million in Series B funding. Abingworth led the round, and was joined by return backers Advent Venture Partners, Novus Ventures, Prospect Venture Partners, Venrock and Versant Ventures. www.pathworkdx.com