All news

David M. Rubenstein, co-founder and managing director of The Carlyle Group

Carlyle Beijing RMB Fund completes first closing and is ready to invest

Alternative asset manager The Carlyle Group has held the first closing of its RMB Fund, which is now ready to invest. »

Mark Angelo, chief executive of Yorkville

Yorkville Advisors completes 20th equity financing in 2010

Yorkville Advisors, the alternative investment firm, has completed its 20th standby equity distribution agreement, a proprietary equity financing, for 2010. »

Carlos Coe, Xtreme Power chief executive

Xtreme Power closes on USD29.5m financing round

Xtreme Power, a provider of power resources for utility-scale power management and energy storage systems, has closed a USD29.5m financing round co-led by Bessemer Venture Partners, The Dow Chemical Company through its venture capital group, and existing investor Sail Venture Partners. »

Sold sign

Carlyle enters residential market with GBP40m Chelsea acquisition

Private equity firm The Carlyle Group has entered the UK residential market with the GBP40m acquisition of a development site in the heart of Chelsea in a 50:50 joint venture with the Athos Group.  »

Graph and dollar signs

State Street Private Equity Index returns 2.2 per cent in first quarter

The State Street Private Equity Index posted a 2.22 per cent return for the quarter ending 31 March 2010, 372 basis points lower than the fourth quarter of 2009 return and 868 basis points higher than the return recorded during the year ago period.  »

Warehouse

Tully & Holland advises Burris Logistics on sale of assets

Investment bank Tully & Holland has advised Burris Logistics, North America's seventh largest refrigerated warehouse and distribution company, in the sale of selected assets to Cloverleaf Cold Storage. »

Gear stick

Vector Capital completes acquisition of Trafficmaster

Vector Capital, a private equity firm specialising in the technology sector, has completed its acquisition of Trafficmaster in a take-private transaction valued at approximately USD145m. »

Barcelona Marina

Salamanca Group buys Barcelona Marina

Salamanca Capital Investments, the Mayfair-based investment advisory business and part of the Salamanca Group, has acquired Barcelona Marina.  »

Mark Rice, senior vice president and general manager of Tamale at Advent

Capital IQ and Tamale RMS data available via single dashboard

Advent Software, a provider of software and services for the investment management industry, is making Capital IQ and Tamale RMS data available via a single dashboard view. »

Ray D'Arcy, Interactive Data's president and chief executive officer

Acquisition of Interactive Data completed

Interactive Data, a provider of financial market data, analytics and related solutions, has been acquired by investment funds managed by Silver Lake and Warburg Pincus. »

Credit cards

Genstar Capital acquires Evolution Benefits

Genstar Capital, a private equity firm based in San Francisco, has acquired Evolution Benefits, a provider of benefit card payment services for healthcare and employee benefits accounts. »

Crane

Sterling completes acquisition of B&G Crane Services

The Sterling Group, a Houston-based private equity investment firm, has completed the acquisition of B&G Crane Services. »

Eversheds’ Richard Moulton

Eversheds’ Richard Moulton named head of private equity

Law firm Eversheds has appointed partner Richard Moulton as head of private equity. »

Dictionaries

Pearson to acquire Wall Street Institute from Carlyle

Pearson, the education and information company, is acquiring Wall Street Institute from an affiliate of the The Carlyle Group and Citi Private Equity for USD92m in cash. »

Grades

HealthGrades to be acquired by affiliate of Vestar Capital Partners V

Vestar Capital Partners V and Health Grades, a healthcare ratings organisation, have entered into a definitive agreement for an affiliate of Vestar to acquire all of the outstanding shares of HealthGrades for USD8.20 per share. »

Computer screen

eWise secures round of funding led by Balderton

eWise, a provider of online payments and online financial management solutions, has completed a funding round led by Balderton Capital, one of Europe’s largest technology investors. »

Drugs

Clayton, Dubilier & Rice and GS Capital acquire HGI

Clayton, Dubilier & Rice and GS Capital Partners have signed a definitive agreement to acquire HGI Holdings from The Jordan Company and members of the Harrington family. »

Mark Heesen, president of the NVCA

Venture capital returns reflect fragile economic conditions in Q1

A gradually recovering exit market helped drive shorter-term venture capital performance upward in the first quarter of 2010 while the ten-year horizon continued to decline, according to the Cambridge Associates US Venture Capital Index, the performance benchmark of the National Venture Capital Association. »

Mark Spinner, partner and head of the private equity team at Eversheds

Private equity industry rejects criticism

The Private Equity Council has presented evidence showing the industry outperformed public markets by an average of seven per cent and 11 per cent over three and five years. »

Guernsey plans timing for move to automatic exchange of information

Guernsey plans timing for move to automatic exchange of information

Guernsey’s government plans to give financial institutions a window from 1 January 2011 to 1 July 2011 for moving to automatic exchange of information. »