Telecity Group (f.k.a. TelecityRedbus), a pan-European data center operator, plans to raise Gbp130 million via an IPO of London's AIM. Telecity shareholders include 3i Group, Oak Hill Capital Partners, Sputnik Group, UK2 Group, Pogan Invest Corp. and Butterfield Trust. www.telecitygroup.com
Lyceum Capital has agreed to sell National Britannia Group Ltd., a UK provider of health and safety compliance services, to Connaught PLC. The deal is valued at Gbp91 million, and is subject to Connaught shareholder approval. Lyceum sponsored a management buyout of National Britannia in March 2005, with the firm saying that the company's sales […]
Syrgis Performance Products, a halogen chemistry company backed by Edgewater Capital Partners, has acquired the organic peroxides business of Norac Inc. No financial terms were disclosed, except that the transaction is expected to add more than $50 million in annual revenue to Syrgis. www.edgewatercapital.com www.syrgis.com
Draper Fisher Jurvetson has partnered with Russian commercial bank VTB, in order to form a $150 million VC fund focused on Russia and CIS companies. The fund will be named DFJ-VTB Aurora, and will be managed by four partners in Russia and one in Silicon Valley. www.dfj.com
Castle Harlan has begun marketing its fifth buyout fund with a $1.5 billion target, according to LBO Wire. The firm's current fund closed with $1.2 billion in 2003. www.castleharlan.com
General Catalyst Partners is nearing a $600 million final close for its fifth fund, according to VentureWire. The fund includes a $200 million carve-out pool for larger, more mature companies. www.generalcatalyst.com
Masao Hirano has agreed to join The Carlyle Group as co-head of its Japan buyout team, effective November 1. He is currently a director with McKinsey & Co., and will be partnered with existing Japan co-head Tamotsu Adachi. In related news, Carlyle said that Takeshi Isayama will become chairman of Carlyle Japan, effective October 1. […]
Erol Uzumeri has been promoted to head of Teachers Private Capital, the private equity arm of Ontario Teachers' Pension Plan. He previously had been a vice president responsible for international investments, and succeeds Jim Leach, who is taking over as the pension plan's CEO. www.otpp.com
David Tamburri has joined Susquehanna Growth Equity as an entrepreneur-in-residence, with a particular focus on financial and healthcare technology and services companies. He previously was president and chief operating officer of Onward Healthcare Inc., a Welsh Carson Anderson & Stowe portfolio company that offers human capital services to healthcare providers. www.sgep.com
John Dominguez and Vincent Williams have joined SVB Capital Partners, the fund management unit of SVB Financial Group (Nasdaq: SIVB). Dominguez will serve as a partner, and previously managed the private equity group of Hall Capital Management. Williams previously was senior vice president and managing director of institutional sales for Northern Trust Global Investments. www.svbcapital.com