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Ten years to invest buy-out houses’ $500bn
11 Mar 2010. Source: AltAssets. Buy-out firms may have to wait up to ten years to invest the $500bn in investor commitments they are sitting on if deals continue at the current rate, according to Bloomberg.
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Bain Capital’s Sensata in $569m IPO
11 Mar 2010. Source: AltAssets. Sensata Technologies Inc, a maker of sensor and controls technology used by high-profile companies such as Ford and Samsung, has raised $568.8m from its initial public offering, with shares to be listed on the New York Stock Exchange tomorrow.
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European PE investment in 2009 down 71 per cent on boom of 2007
11 Mar 2010. Source: AltAssets. Last year was a period of internal diligence and stewardship for the European private equity and venture capital industry, as investors concentrated on supporting existing portfolio of companies against a backdrop of recession and macro-economic uncertainty.
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Cartilage treatment business Carticept gets $20m
10 Mar 2010. Source: AltAssets. Carticept Medical Inc, a developer of products for the treatment of cartilage injuries and osteoarthritis, has completed a $20m series B financing round. New investor SonoSite Inc, a medtech company in the ultrasound space, joined return venture capital investors Domain Associates and New Enterprise Associates.
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PE firms line up for UK greetings card company
10 Mar 2010. Source: AltAssets. Permira, Cinven, Summit Partners and Warburg Pincus are among the private equity firms bidding for UK greeting cards retail chain Card Factory in a deal that could fetch £400m (€438.9m), according to reports.
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Carlyle to seek $1bn buyer for defence and aviation company Arinc
10 Mar 2010. Source: AltAssets. US private equity firm Carlyle is seeking buyers for defence and aviation company Arinc in a sale that could fetch $1bn, according to reports.
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Apollo to buy Citigroup’s real estate division
10 Mar 2010. Source: AltAssets. US private equity firm Apollo Management has agreed to purchase the real estate investment division of financial services giant Citigroup, according to Bloomberg.
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SiBEAM raises $36.5m to take wireless chipset mainstream
09 Mar 2010. Source: AltAssets. California-based semiconductor company SiBEAM Inc has closed $36.5m in series D funding led by Foundation Capital. The financing will be used to push its 60 GHz wireless chipsets into the mainstream marketplace while funding future projects and further expansion.
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Biopharma company Genticel receives €13.1m to treat cervical cancer
09 Mar 2010. Source: AltAssets. French biopharmaceutical company Genticel, formerly known as BT Pharma, has secured €13.1m in funding to develop its immunotherapeutic treatments for cancers caused by the human pipillomavirus (HPV). Investors included IRDI, Amundi Private Equity Funds and InnoBio fund (CDC enterprises), in the round led by AGF Private Equity.
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UK waste management company rejects Carlyle's bid
09 Mar 2010. Source: AltAssets. Sales talks between US buy-out giant Carlyle and UK private waste treatment company Shanks have broken down after the private equity firm’s 120 pence per share bid was rejected.
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Emerging markets private equity slows in line with global slump
09 Mar 2010. Source: AltAssets. Fundraising for emerging markets-dedicated private equity funds slowed in 2009, though investment activity was comparatively strong. Emerging markets captured nine per cent of global private equity fundraising and 26 per cent of global private equity investment, with deal activity by transaction volume down by only 11 per cent, according to new research from the Emerging Markets Private Equity Association.
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Law firms launch investigations into Infogroup deal
09 Mar 2010. Source: AltAssets. With yesterday’s media reports that CCMP Capital has agreed to buy Infogroup Inc corroborated by an official statement, at least three law firms have stepped up to announce they are investigating the veracity of the deal.
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Celebrity photographer Annie Leibovitz bailed out by private equity
09 Mar 2010. Source: AltAssets. Celebrity photographer Annie Leibovitz has turned to US private equity firm Colony Capital to help repair her finances, according to reports. Under the terms of the arrangement, Colony is to become Leibovitz’s sole creditor, and will help to market her portfolio of photographs, which include the infamous Rolling Stone magazine cover featuring a naked John Lennon with Yoko Ono, taken hours before his murder.
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PE firms line up for Marsh & McLennan’s Kroll
09 Mar 2010. Source: AltAssets. A number of major private equity houses have entered first round bids to take control of Kroll, the corporate investigations unit of global insurance broker and consultancy company Marsh & McLennan, for around $1.3bn, the Financial Times reports.
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PE-backed waste management firm Biffa to sell landfill gas business for £350m
08 Mar 2010. Source: AltAssets. Private equity-backed waste management group Biffa has put its landfill gas business up for sale at a price of £350m (€387m), according to reports.
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DoubleVerify raises $10m to keep eye on online ads
08 Mar 2010. Source: AltAssets. New York City-based online advertising verifier DoubleVerify has closed $10m in series B financing in a round led by Institutional Venture Partners. The financing will be used to fund company expansion in response to increasing demand.
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Aureos Capital invests $10m in Nigerian leasing company
08 Mar 2010. Source: AltAssets. Emerging markets private equity specialist Aureos Capital has invested $10m in Nigerian leasing company C&I Leasing, taking the firm’s total investment in the African country to $40m.
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Cath Kidston to sell business to private equity
08 Mar 2010. Source: AltAssets. UK vintage designer Cath Kidston is in talks with US buy-out firm TA Associates to sell a stake in her retail chain, in a deal that values her business at £100m (€110.8m), according to the Guardian.
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ABRY to take broadband business RCN private in $1.2bn deal
08 Mar 2010. Source: AltAssets. Internet and cable TV company RCN Corporation will be acquired by ABRY Partners, a Boston-based media-focused private equity firm, having agreed to a $1.2bn buy-out.
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CCMP Capital to buy Infogroup for $460m
08 Mar 2010. Source: AltAssets. New York private equity firm CCMP Capital has agreed to buy Infogroup Inc, a data and marketing services business, for approximately $460m, according to the Wall Street Journal.
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Coller Capital in pole position for HBOS portfolio
08 Mar 2010. Source: AltAssets. HBOS is lining up the sale of its portfolio of investments, which include Vue cinemas and coffee chain Caffè Nero, with the sale expected to fetch £500m (€555m) – a stark contrast to the portfolio’s peak estimated value of £1.4bn (€1.55bn), according to the Sunday Times.
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Gresham bolts on celebrity management firm
05 Mar 2010. Source: AltAssets. Mid-market firm Gresham Private Equity has grown its share of the UK’s celebrity management sphere with the bolt-on of Michael Kay & Company’s entertainment element, which looks after TV personality Philip Schofield.
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3i, N.I. Partners partner for care company purchase
05 Mar 2010. Source: AltAssets. 3i and N.I. Partners, the private equity division of the NATIXIS group, have agreed to invest in Vedici, the fifth largest acute care company in France.










A bankrupt Japanese wireless communications company backed by US private equity firm Carlyle is to be backed by a government-backed turnaround fund, while rival telecoms provider Softbank Corporation and Japanese buy-out firm Advantage Partner are to invest in the company.
LivingSocial, a social commerce company behind LivingSocial Deals and Facebook applications Visual Bookshelf and Pick Your Five, has completed a $25m series B round of venture funding led by US Venture Partners, with Grotech Ventures and Steve Case's Revolution participating.
US buy-out firm TPG has sold its 23.9 per cent stake in Asian healthcare service provider Parkway Holdings to Indian company Fortis Healthcare for $685m. The sum reportedly represents a three times return on the firm’s initial investment in the Singapore-listed company.
Private equity house Advent International has hired advisers to prepare a potential sale of Poundland to a rival buy-out firm or to a competitor discount retail chain, according to the Financial Times.
HSBC Private Equity has sold portfolio company Amtech Group to mid-market investor Primary. The £35m (€38.5m) sale takes the form of a management buy-out, with £15m (€16.5m) in senior debt finance provided by Lloyds TSB Corporate Markets Acquisition Finance.