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Tragus, an Italian restaurant operator owned by The Blackstone Group, has agreed to acquire the Strada pizza chain from Richard Caring. The deal is valued at Gbp140 million, and includes 55 restaurants.
The New York State Teachers' Retirement System has approved the following fund commitments: $250 million for Lexington Co-Investment Partners; $150 million for Carlyle Partners V; $75 million for Olympus Growth Fund V, $100 million for Sun Capital Partners V and $8.5 million for Apex Venture Partners V. www.nystrs.org
The Arizona Public Safety Personnel Retirement System has approved the following fund commitments: $25 million for DAG Ventures III, plus another $10 million for possible co-investment; $41 million to MidOcean Partners III, plus another $10 million for possible co-investment. www.psprs.com
Private equity has long put food retailers, restaurants and ingredients manufacturers at the top of the menu, more recently spurred on by the healthy eating fad, while trade buyers have a particular fascination for eating out and public houses. The buyouts of bakery group Vaasan & Vaasan and patisserie chain Druckers Vienna Patisserie this week […]
Dobbies Garden Centres, which operates 21 garden centres in England and Scotland saw its share price rise over 9.6% this morning after it confirmed that it had received an approach regarding a possible bid for the group. Although the name of its suitor was not given, speculation suggests that the bidder could be a private […]
Apax Partners and Permira have asked for another round of first-round bids due today for UK fashion retailer New Look, after several expected suitors failed to meet the initial deadline. The Times of London reports that several parties balked at the
QuestMark Partners today will hold a $260 million first close on its third fund, according to VentureWire. A final close on $300 million in planned for the end of June. The Baltimore, Md.-based firm focuses on expansion-stage and late-stage opportunities in the healthcare and technology spaces. It raised $233 million for its second fund in […]
Amicus Therapeutics Inc., a Cranbury, N.J.-based drug company focused on genetic diseases like Fabry disease, priced 5 million common shares at $15 per share ($14-$16 range), for an IPO take of approximately $60 million. The offering gave Amicus a market cap of approximately $333 million, but that fell as the stock finished its first day […]
Advanced BioHealing Inc., a La Jolla, Calif.-based regenerative medicine company, has raised $4.5 million in additional Series C funding from CDIB BioScience Ventures and existing shareholder Safeguard Scientifics. This brings the round total to $30 million, with prior backers including Safeguard Scientifics, Channel Medical Partners, Red Abbey Venture Partners and return backers Canaan Partners and […]
Welsh, Carson, Anderson & Stowe has completed its sale of diagnostics testing company Ameripath to Quest Diagnostics (NYSE: DGX). The deal was valued at approximately $2 billion, including $770 million in debt. WCAS acquired Ameripath in 2003 for approximately $840 million. www.ameripath.com
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