Finn named Carlyle COO

By Luisa Beltran — 5 days ago

Carlyle Group said March 19 that Christopher Finn was named chief operating officer. Finn has served as chief operating officer of Carlyle’s corporate private equity and global credit business segments and took the position of global head of operations in January 2018.

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Temasek promotes Pillay to CEO: press reports

By Luisa Beltran — 5 days ago

Temasek Holdings Pte  has promoted Dilhan Pillay Sandrasegara to CEO effective April 1, according to press reports. Pillay, currently deputy chief executive, will succeed Lee Theng Kiat, who will replace Ho Ching as chairman on the same day, the story said.

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Peak Rock to buy Kroger’s Turkey Hill business

By Luisa Beltran — 5 days ago

Kroger Co said March 19 that it agreed to sell its Turkey Hill business to Peak Rock Capital. Financial terms weren’t announced. Peak Rock has agreed to continue operating the Turkey Hill business out of its Conestoga, Pennsylvania facility with its nearly 800 associates and under the same Turkey Hill brand.

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Ardian Infrastructure Fund V raises 6.1 bln euros

By Luisa Beltran — 5 days ago

Ardian said March 20 that its latest infrastructure fund closed on 6.1 billion euros ($6.9 billion). Ardian Infrastructure Fund V, which raised the pool in six months, will focus on transport (rail, road and airports), energy (gas, electricity and renewable energy) and other public infrastructure assets (health and environmental).

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CI Capital sells Tech Air to Airgas

By Luisa Beltran — 6 days ago

CI Capital Partners said March 19 that it closed the sale of Tech Air to Airgas, an Air Liquide company. Financial terms were not announced. Tech Air distributes industrial, specialty, and medical gases.

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Tower Arch hits $450 mln hard cap on Fund II

By Chris Witkowsky — 6 days ago

Tower Arch Capital held a final close on its second fund on $450 million, reaching its hard cap. Tower Arch Partners II investors include current and former management team members, foundations, diversified financial institutions, endowments and family offices. Shannon Advisors worked as placement agent.

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LLR Partners invests in CareATC

By Luisa Beltran — 6 days ago

LLR Partners said March 19 that it invested in CareATC Inc via a recap. Financial terms weren’t announced. CareATC, of Tulsa, Oklahoma, provides an employer-sponsored healthcare marketplace.

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Standard Industrial Manufacturing to merge with DH Pump

By Luisa Beltran — 6 days ago

Standard Industrial Manufacturing Partners LLC, a portfolio company of Hicks Equity Partners, has merged with DH Pump and Supply LLC. Financial terms weren’t announced. Standard Industrial, of Odessa, Texas, makes and distributes replacement parts for a wide range of pumps used in production and completion applications within the oil and gas industry. Hicks Equity is the PE arm of the Thomas O. Hicks family office.

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Kinderhook buys Adell Corp

By Luisa Beltran — 6 days ago

Kinderhook Industries LLC said March 19 that it acquired Adell Corp. Financial terms weren’t announced. Adell, of Sunnyvale, Texas, makes protective door edge guards as genuine original equipment to the automotive OEMs.

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