Advent to buy Ammeraal Beltech

Advent International said Tuesday it has agreed to buy Ammeraal Beltech from Gamma Holding, a holding company owned by Gilde Buy Out Partners and Parcom Capital Management. Financial terms weren’t announced. Ammeraal Beltech, of the Netherlands, makes, distributes and services conveyor belts for use in light industries, including food processing, automotive, logistics and textiles. William Blair advised Gamma while Jefferies provided financial advice to Advent.


PE-owned restaurant chain Bojangles sets IPO pricing terms

Restaurant chain Bojangles Inc will be selling 6.25 million shares of its IPO at between $15 and $17 per share. The company will list the stock on the NASDAQ under the ticker symbol “BOJA.” BofA Merrill Lynch, Wells Fargo Securities and Jefferies are serving as the lead underwriters. Bojangles is a portfolio company of Advent International.

Care Hospitals Group adds another hospital in India

Care Hospitals Group said Monday it acquired a hospital with 250 beds in Hi Tech City, a suburb of Hyderabad, India. It did not disclose a name of the hospital. Care Hospitals Group, a multispecialty hospital chain in India, is backed by Advent International.


peHUB First Read

First Read ends your week with news the NASDAQ will settle its Facebook IPO lawsuit for $26.5 mln, Google’s quarterly revenue rose 12% and the Bruce Jenner story is presenting a pronoun dilemma for media outlets.


Advent to acquire Brazilian education company FSG

Advent International has agreed to buy Brazil-based private higher education company Faculdade da Serra Gaúcha. No financial terms were disclosed for the transaction that is expected to close in the first half of this year.


Advent names Rabe operating partner

Advent International said Monday that Jeremy Rabe has joined as an operating partner while Livia Masnaghetti was named an industry advisor. They will work with Advent’s global retail and business and financial services teams to identify and assess investment opportunities in the loyalty and marketing services industries worldwide. Rabe most recently served as CEO of Premier Loyalty & Marketing while Masnaghetti was special advisor to Aeroplan on its initial public offering and spinoff from Air Canada.


Fundraising in Latin American breaks records

Capital rushed back into private equity funds in Latin America last year, with fundraising breaking all previous records with a full-year tally of $10.39 billion, according to the Latin American Private Equity and Venture Capital Association.

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