Advent, EBRD to buy Hypo Balkans network-Reuters

Nationalized Austrian lender Hypo Alpe-Adria-Bank International AG has agreed to sell its Balkans network to private equity firm Advent International and its partner the European Bank for Reconstruction and Development, Hypo said on Thursday.


Braemar Energy Ventures founding partner passes away

Dr. George S. Reichenbach, a founding partner at Braemar Energy Ventures, died on October 6. He was 85. In addition to his work at Braemar Energy Ventures, Dr. Reichenbach was an initial partner at Advent International where he oversaw the firm’s investments in energy technology. And prior to that, he worked at Norton Company where he managed two divisions.


Advent International to invest in Cataratas

Cataratas has agreed to receive an undisclosed investment from Advent International. Cataratas is a provider of concession services at Brazil’s national parks. The transaction is expected to close in the second half of this year.

Advent closes sale of Vinnolit to Westlake

Westlake Chemical Corp. has completed its acquisition of Vinnolit and its subsidiary companies from Advent International. No financial terms were disclosed. Based in Ismaning, Germany, Vinnolit is a provider of PVC resins.

Advent International to exit Vinnolit

Westlake Chemical Corp. has agreed to acquire Vinnolit and its subsidiary companies from Advent International for 490 million euros. The transaction is expected to be completed in the third quarter of 2014. Based in Ismaning, Germany, Vinnolit is a provider of PVC resins.


Charterhouse Capital’s Pointwell Limited acquires Skillsoft

Dublin, Ireland-based education software provider Skillsoft said Monday that it has sold its subsidiaries to Pointwell Limited, which is backed by Charterhouse Capital Partners. No financial terms were disclosed. Deutsche Bank Securities advised Skillsoft on the deal while Ropes & Gray served as legal counsel. Barclays served as exclusive financial advisor to Pointwell Limited. Skillsoft was backed by Advent International, Bain Capital and Berkshire Partners.

Advent International invests in FinancialForce.com

FinancialForce.com said Thursday that it has secured $50 million in funding from private equity firm Advent International. As a result of this transaction, UNIT4 will remain as FinancialForce.com’s majority investor while Salesforce.com continues to hold a minority stake in the firm. Headquartered in San Francisco, FinancialForce.com is a cloud ERP provider on the Salesforce1 platform.

Advent International’s P2 taps Apotheker for board of directors

P2 Energy Solutions, a portfolio company of Advent International, has named Léo Apotheker to its board of directors. Apotheker is the current chairman of KMD AS and a former co-CEO of SAP. P2 is a provider of software, geospatial data and land management solutions for the upstream oil and gas sector.

PE HUB Community

Join the 12514 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget