Private equity firm North Castle Partners has recapitalised flatbread maker Flatout in partnership with co-founders Stacey and Mike Marsh. Glencoe Capital’s Michigan Opportunities Fund participated on the recapitalisation, the terms of which were not disclosed. Founded over ten years ago, Flatout manufactures and markets healthy flatbreads, wraps, and snack crisps

Venture capital firms have agreed to sell their stake in Aardvark, an operator of a social search engine, to Google for approximately USD50m. The venture capital firms include August Capital and Baseline Ventures. Aardvark, founded by a group of former Google employees, has raised around USD6m in venture capital to

Maven has led the public-to-private acquisition of AIM listed LitComp, an insurance business operating predominantly in the after the event insurance market. Maven investors have taken a 40 per cent stake in the newly de-listed business. The acquisition has been made by bidco Torridon Capital and is the culmination of

Evercore Partners and Trilantic Capital Partners have formed an alliance to pursue private equity investment opportunities for Trilantic’s current fund and to collaborate on the future growth of Trilantic’s business. The relationship leverages the respective strengths of each firm while maintaining each firm’s independence. Trilantic, a private equity firm focused

Eurazeo’s net asset value EUR64.2 per share at 31 December 2009, an increase of 34 per cent compared to 30 June 2009 and 20 per cent compared to 31 December 2008. Consolidated revenues for 2009 were EUR3,785m, a decrease of 5.9 per cent from 2008 on a comparable basis. Patrick

An affiliated fund of Southridge, an investment firm providing capital to publicly listed companies, has closed a private equity agreement for up to USD7.5m in equity financing with PuraMed BioScience. "Southridge is very pleased to provide equity capital financing for this innovative market leader in the over-the-counter consumer market for

Pitango Venture Capital has agreed to sell its stake in Convergin to enterprise software firm Oracle. Convergin makes software that lets telecommunications companies deliver services across multiple networks and platforms. Both Pitango Venture Capital and Convergin are based in Israel, while Oracle is based in the US. The transaction is

HarbourVest Global Private Equity, a closed-end investment company listed on Euronext Amsterdam, had an estimated net asset value of USD699.1m, or USD8.42 per share, as at 31 January 2010.  This represents a 1.5 per cent decrease from the 31 December 2009 estimated NAV per share of USD8.55.  The decrease was

Blackstone has postponed plans to float Merlin Entertainments Group just 24 hours after postponing the flotation of Travelport, casting a shadow over London’s IPO market. Opposition from City fund managers to participate in private equity-backed IPOs is one of the reasons for the postponements, the other being the lack of

Kingdom Zephyr Africa Management, the pan-African private equity investment firm, has completed the final closing of Pan African Investment Partners II Fund with total commitments of USD492m. The funds seek attractively valued investment opportunities in companies with clear business models and a record of profits in high-growth, strong demand sectors