Teak Midstream has secured a USD100m private equity investment from Natural Gas Partners, an energy private equity firm based in Irving, Texas. Teak, a Dallas-based midstream start-up, will use the private equity investment to acquire and develop midstream assets in key gas producing areas of the US. Teak Midstream is

Jersey companies have been approved for listing on the Hong Kong Stock Exchange. The move is a significant development for Jersey’s finance industry, which is seeking to increase business flows from the Asia Pacific region. The formal inclusion of Jersey companies on the Hong Kong Exchange’s approved list of companies

Los Angeles-based private equity firm Aurora Capital Group has completed the acquisition of Porex, formerly a wholly owned subsidiary of HLTH, for USD142m in cash and senior secured debt. Porex designs, produces and delivers porous, surgical and filtration products for customers in healthcare, industrial and consumer applications worldwide. Gerald L.

China Agritech, an organic fertilizer manufacturer and distributor in China, has closed a private placement with Carlyle Asia Growth Partners, the growth capital arm of The Carlyle Group, of 1,392,768 shares of China Agritech common stock and warrants to purchase up to an additional 928,514 shares for aggregate gross proceeds

The first half of 2009 saw extremely low levels of European financial services M&A activity, but an increase in deal activity is on the cards as we move into 2010, according to Nick Page, partner at PricewaterhouseCoopers. Page says: “’Steady as she goes’ has been the ethos throughout the 2009

Synergex, an international sales, marketing and distribution company, has closed private equity placements with several of its insiders, resulting in proceeds of approximately USD85,000. The proceeds will be added to the company’s working capital in exchange for common shares issued from treasury. The company received full consideration for the issuance

Mourant International Finance has topped Lipper’s league table of fund administrators for funds serviced in Jersey. Mourant had net assets of USD72.4bn at 30 June 2009. The next largest administrator was Bedell Trust with net assets of USD22.4bn, followed by Saltgate (USD15.9bn), Aztec Group (USD13.7bn) and R&H Fund Services (USD13.5bn).

A.P. Pharma has entered into a definitive securities purchase agreement with existing investors for a private placement of up to USD13.1m in two tranches. Participants in the transaction were Baker Brothers Investments, Tang Capital Partners, Tavistock Life Sciences and Deerfield Partners. The first tranche will consist of common stock and

Clinverse, has completed a series A financing of USD2.2m to assist its development of ClinPay, the pharmaceutical industry’s first eClinical trial payment network. The investment syndicate comprised current investors and Vital Financial. Umair Akeel has joined Clinverse as its chief technology officer. Akeel was an inventor and the chief architect