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Private Equity

  • October 6, 2011

    Catterton Seeks To Double Size Of Dental Implant Co.

    Consumer-business-focused private equity firm Catterton Partners is injecting a "growth equity investment" into ClearChoice Holdings LLC, the dental implant business said Thursday, citing a plan to double its current number of 31 locations across the U.S.

  • October 6, 2011

    Blackstone Unit Grows In Europe With Harbourmaster Buy

    GSO Capital Partners LP, the credit arm of private equity manager Blackstone Group LP, acquired loan manager Harbourmaster Capital Management Ltd. on Thursday in a deal that will extend its reach as one of the largest leveraged loan investors in the U.S. and Europe.

  • October 6, 2011

    Del Monte, Barclays Settle Buyout Case For $89M

    In a case that has dramatically altered the corporate buyout market, Barclays Capital and Del Monte Foods Co. on Thursday agreed to pay $89.4 million to shareholders who challenged Barclays' dual role in the sale of the food company to a group of private equity firms.

  • October 6, 2011

    Warburg Returns To Norway Offshore Biz With $150M Deal

    Warburg Pincus LLC added a $150 million investment in Explora Petroleum AS to its sizable energy portfolio, the New York-based private equity firm said Thursday, buying into the brand-new Norwegian offshore oil and gas explorer's long-term strategy.

  • October 6, 2011

    Q&A With Venable's Scott Gluck

    Investment advisers would benefit from greater clarity regarding what is protected free speech under the Citizens United decision as well as a more precise description of the political activity they may engage in without potentially violating pay-to-play regulations, says Scott Gluck, of counsel with Venable LLP specializing in helping investment advisers comply with regulations.

  • October 5, 2011

    Bankrupt Chef Solutions Gets Go-Ahead To Borrow $9M

    A Delaware bankruptcy judge on Wednesday cleared Chef Solutions Holdings LLC to borrow $9M to fund operations as the hobbled prepared foods company gears up to sell its assets to a joint venture between a private equity firm and rival Reser’s Fine Foods Inc.

  • October 5, 2011

    GSC Trustee Files Amended Ch. 11 Plan After $235M Sale

    The trustee for bankrupt investment management group GSC Group Inc. on Tuesday filed an amended Chapter 11 plan calling for all GSC equity interests to be canceled, and for the company to reorganize as part of its $235 million sale to Black Diamond Capital Management LLC.

  • October 5, 2011

    Dewey LeBoeuf Nabs Stephenson Harwood Energy Guru

    Dewey & LeBoeuf LLP said Friday it had hired a partner specializing in international energy deals, including private equity investments and mergers, from Stephenson Harwood for the firm's project finance and infrastructure practice in London.

  • October 5, 2011

    Flight Winch Co. Breeze-Eastern Boosts Takeover Barriers

    Breeze-Eastern Corp. on Wednesday strengthened its defenses against a hostile takeover bid, securing vows from its two largest private equity investors not to increase their stakes in the aircraft winch manufacturer and to back the company’s management.

  • October 5, 2011

    Creabilis Raises $20M To Develop Dermatology Drugs

    European biotechnology company Creabilis SA said Tuesday it raised €15 million ($20 million) in funding led by Abbott Biotech Ventures Inc. to pay for the continued development of its most important drug for treating skin and inflammatory diseases.

  • October 5, 2011

    Apax Capital Snags 8.5% Stake In Dining Reservation Site

    Apex Capital LLC has acquired a more than 8 percent stake in restaurant reservation website OpenTable Inc., the investment firm revealed Wednesday in a U.S. Securities and Exchange Commission notice.

  • October 5, 2011

    Addleshaw Advises Elysian In Deal For Wind Power Co.

    London-based private equity firm Elysian Capital said Tuesday that it had acquired Tekmar Energy Ltd., which makes products related to offshore wind power, to take advantage of a push by European governments to drive growth in renewable energy.

  • October 5, 2011

    Accel-KKR Puts Strategic Cash Behind N-able Tech

    N-able Technologies Inc., maker of remote monitoring and management automation software for managed service providers and information technology providers, said Wednesday that private equity firm Accel-KKR had infused it with a strategic growth equity investment.

  • October 5, 2011

    Carlyle Makes Buys In Student Travel, Indian Trading

    Private equity juggernaut The Carlyle Group LP announced Wednesday that it had acquired a controlling stake in student travel business WorldStrides and made a major investment in India Infoline Ltd., a Mumbai-based brokerage firm.

  • October 5, 2011

    Apollo Launches $45M Senior Secured Notes Offering

    Apollo Investment Corp. on Wednesday announced a private placement issuance of $45 million in senior secured notes to new and existing lenders, with the proceeds to go toward funding new portfolio investments and reducing outstanding borrowings on its revolving credit facility.

  • October 5, 2011

    Greener Capital Lands $33M For 2nd Clean Tech Fund

    Venture capital firm Greener Capital Partners LP has secured $33 million for its second fund in the hunt for breakthroughs in clean technology, and expects to rally more investors, the firm said Wednesday.

  • October 5, 2011

    Headland Fund Puts $141M Into Offshore Oil Services Co.

    Headland Capital Partners Ltd. on Wednesday announced that its Headland Private Equity Fund 6 LP had acquired a 26.45 percent interest in Singapore-based Miclyn Express Offshore Ltd., which provides service vessels to the offshore oil and gas industry, for $141 million.

  • October 5, 2011

    Q&A With Carlton Fields' Stephen Opler

    We are hearing from middle-market clients, including private equity firms, with greater frequency that they expect their counsel to be effective project managers and increasingly able to deliver transaction advice with reduced and more predictable fees. To deliver this result, law firms are going to have to embrace alternative staffing models, knowledge management tools and nontraditional project management expertise, says Stephen Opler, a shareholder with Carlton Fields specializing in corporate finance transactions.

  • October 5, 2011

    Unfriendly Economy Drives Friendly's Owner Into Ch. 11

    Friendly Ice Cream Corp., which runs the restaurant chain Friendly's, said Wednesday it would shutter 63 eateries as part of its bankruptcy, and enter into an asset sale to a unit of private equity firm Sun Capital Partners Inc.

  • October 4, 2011

    Stanhill Makes $30M Play For Evergreen's Coal Tech

    Environmental solutions company Evergreen Energy Inc. said Tuesday that it is contemplating selling its coal-refining technology to merchant banker Stanhill Capital Partners, a major stakeholder, for $30 million.