Irving Place Capital, a middle-market private equity firm, has agreed to acquire Pet Supplies Plus, the third largest pet retailer in the US. Irving Place Capital will be investing in partnership with Pet Supplies Plus’ chief executive Harvey Solway, chief operating officer Dominic Buccellato and chief financial officer Richard Valade.

The substantial withdrawal of bank finance seen over the course of the last three years has created a financing vacuum in the UK corporate lending market, and constrained lending practices continue to frustrate business leaders and entrepreneurs.  The downturn, which commenced in 2007 and which has had such an impact

Lawyers from Carey Olsen’s corporate team have provided Guernsey legal advice to Raven Russia, a commercial property investment company, on its move from AIM to the London Stock Exchange’s main market. Raven Russia is an investment company specialising in commercial real estate in Russia. The company is focused on the

KPS Capital Partners’ portfolio company North American Breweries has acquired Independent Brewers United through an indirect wholly owned subsidiary. The acquisition is the fourth by North American Breweries since its formation. Financial terms of the transaction were not disclosed. Independent Brewers United is one of the largest craft brewers in

An affiliate of Los Angeles-based private equity firm Aurora Capital Group has reorganised and acquired a majority ownership position in Lexington Precision. Lexington manufactures tight-tolerance rubber components for use in medical, automotive and industrial applications. Medical products include injection sites for intravenous feeding systems, plunger tips for syringes and seals

Channel Islands law firm Carey Olsen has advised Bellzone Mining on its listing on the Alternative Investment Market of the London Stock Exchange. Bellzone is a Jersey registered holding company for a group of companies with large scale iron ore deposits and exploration assets in Guinea. The company, which was

Maven Capital Partners has completed two exits on behalf of Capital for Enterprise Fund A. The GBP75m Capital for Enterprise Fund is a government backed initiative launched in 2009 to help small to medium sized enterprises gain access to the financial support required to bridge the funding gap caused by

Private equity firm SunTx Capital Partners acquired a majority interest in Carolina Beer & Beverage, an independent contract beverage manufacturer based in Mooresville, North Carolina. Financial terms of the transaction were not disclosed. Carolina Beer & Beverage was founded in 1997 by J. Michael Smith and John Stritch. The duo

Overall US private equity performance showed positive returns across all investment horizons and turned sharply positive in the one-year time horizon for the period ending 31 March 2010, according to Thomson Reuters. With improving stability in the broader capital markets and a return for venture capital and private equity IPO

Mountain Acquisition and Mountain Merger Sub, affiliates of Vestar Capital Partners V formed for the purpose of acquiring HealthGrades, have commenced a tender offer to acquire all of the outstanding shares of HealthGrades’ common stock for USD8.20 per share in cash. The aggregate purchase price for the equity of HealthGrades