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Networks

Ridgemont to acquire majority interest in Unite Private Networks

Ridgemont Equity Partners, a middle market buyout and growth equity firm, has signed a definitive agreement for a majority investment in Unite Private Networks, a provider of high-bandwidth, fibre-based communications networks. »

Wind farm

BNP Paribas Clean Energy Partners acquires wind farm in Ireland

The fund managed by BNP Paribas Clean Energy Partners has acquired 100 per cent of Gortahile Windfarm, which owns and operates a 20 megawatt wind farm in County Laois, Ireland, from ABO Wind Ireland.  »

Fareed Asadi, chairman of Black Pearl Capital

Black Pearl Capital closes its first private equity fund

Black Pearl Capital, an asset management and advisory firm, has closed its first private equity fund with a committed capital of USD50m. »

Mobile phone

Royalton completes sale of mobile phone retailer mPunkt

Royalton Capital Investors, a private equity fund focused on Central and Eastern Europe, has sold 100 per cent of mPunkt Polska to Cyfrowy Polsat, the biggest Polish DTH platform offering pay TV services and mobile telephony and broadband internet access. »

Man with laptop

Kneip acquires fund reporting company Co-Link

Kneip, an independent service provider to the asset management industry, has acquired Co-Link, a specialist in fund reporting technology and services for investment funds. »

Todd Chaffee, general partner of IVP

Institutional Venture Partners raises oversubscribed USD750m fund

Institutional Venture Partners has closed Institutional Venture Partners XIII, a USD750m later-stage venture capital and growth equity fund.  »

Socks

Carlyle invests in Brazilian hosiery and lingerie company

Alternative asset manager The Carlyle Group has made an investment in Scalina, Brazil’s largest manufacturer and retailer of woman’s hosiery and lingerie. »

Exit sign

Candover opts to wind itself up

Private equity firm Candover Investments has ended months of uncertainty over its future by announcing that it is to wind itself up. »

Chris Rynning, chief executive of Origo

Origo acquires stake in Unipower Battery

Private equity firm Origo Partners has acquired a 16.5 per cent stake in Unipower Battery for an aggregate amount of USD4.3m.  »

Carey Olsen partner Robert Milner

Carey Olsen advises GCP Infrastructure Investments on LSE listing

Channel Islands law firm Carey Olsen has advised a new Jersey fund, GCP Infrastructure Investments, on its listing on the Main Market of the London Stock Exchange. »

Harry Nelis, Accel Partners

Accel Partners invests EUR37m in Showroomprive.com

Accel Partners is investing EUR37m in Showroomprive.com, a members’ only fashion e-commerce site which sells designer brands at discount prices. »

Patrick Sayer, chairman of the executive board, Eurazeo

Eurazeo returns to growth in first half

Eurazeo has reported group net income of EUR88.5m for the first half of 2010, compared with a loss of EUR120.9m for the first half of 2009. »

Handshake and money

J.P. Morgan appointed depositary bank by Jindal Cotex

J.P. Morgan has been appointed depositary bank by the India-based producer of synthetic, cotton and blended yarns, Jindal Cotex. »

Jay Lichter, chief executive and co-founder of Otonomy and managing director of Avalon Ventures

Otonomy closes financing led by Novo Ventures and RiverVest

Otonomy, a biopharmaceutical company developing drug therapies for disorders of the inner and middle ear, has closed a USD38.5m series B financing co-led by Novo Ventures and RiverVest Venture Partners and joined by Domain Associates and TPG Biotech. »

Oil rig

Platte River Ventures closes purchase of Global X-Ray & Testing

Platte River Ventures has taken a controlling stake in Global X-Ray & Testing in partnership with the company's founding family. »

Jeff Bechtel, Mitchell Hartley Advisers

Jeff Bechtel joins Mitchell Hartley Advisers as managing member

Mitchell Hartley Advisers, an independent investment banking advisory firm, has appointed Jeffrey C. Bechtel as managing member. »

Memorial press conference

Argus and Qatar First Investment Bank acquire stake in Turkish healthcare provider

Argus Capital and Qatar First Investment Bank have acquired a 40 per cent minority stake in Memorial Healthcare Group, a Turkish healthcare provider. »

Money and calculator

J.P. Morgan Private Equity fund receives distributions of USD18m

The J.P. Morgan Private Equity fund received distributions of approximately USD18m in the second quarter of 2010, more than three per cent of its private equity portfolio value. »

John Connaughton, a managing director at Bain Capital

Bain Capital affiliate to recapitalise Air Medical Group

Air Medical Group has signed a definitive agreement under which a Bain Capital affiliate will lead a recapitalisation of the company in partnership with management and current investors Brockway Moran & Partners and MVP Capital Partners.  »

Olivier Sciales _ Chevalier and Sciales

Luxembourg reaches out to sophisticated Ucits

 Traditionally Luxembourg hedge funds and funds of hedge funds have been set up under part II of the law of December 20, 2002 on UCIs and, more recently, Specialised Investment Funds governed »