TJ Hughes, the big brand discount department store backed by European private equity firm Silverfleet Capital, has completed a hat trick of openings across the Midlands with the unveiling of a new store in Walsall just north of Birmingham. The retailer also opened stores in Hanley on 8 September and

The typically quiet summer months were slower than usual for US private equity fundraising with 72 funds raising USD25.2bn in the third quarter, a 70 per cent decline from the same period last year, according to Dow Jones Private Equity Analyst. Through the first nine months of 2009, 265 private

Private equity firm Celtic Therapeutics Holdings will invest up to USD15m in the development of Spirogen’s lead cancer drug, SG2000. Spirogen expects to continue clinical development of SG2000 in an upcoming National Cancer Institute-sponsored multi-centre phase II study of SG2000 in the US in resistant and refractory ovarian cancer.  SG2000

Dolphin Equity Partners has agreed to sell its portfolio company Gomez, a provider of Web application experience management, to Compuware, an application performance management software company. The USD295m cash acquisition is expected to close in November 2009. Dolphin is Gomez’s largest shareholder and first invested in the company in 2000,

Transaction volume in the global asset management industry in the third quarter of 2009 was dominated by larger financial institutions shedding investment management businesses, and that trend will continue in the months ahead, according to Jefferies’ financial institutions group.  Over two-thirds of Q3 2009 global asset management M&A activity –

Infiniti Solutions, the Christchurch arm of the Infiniti Capital group, has been selected to provide fund administration services to a new private equity fund recently launched by Milestone Capital. The Rutherford Innovation Fund was launched last week to raise capital to back innovative New Zealand companies which need financial assistance

Private equity firms invested USD763m in Indian companies across 47 deals during the quarter ended September 2009, according to a study by Venture Intelligence. The amount invested was significantly lower than that during the same period last year, which witnessed USD2,581m invested across 132 deals, and lower compared to the

Resilience Capital Partners, a Cleveland-based private equity firm, has formed platform company North Coast Minerals to invest in the debt, mezzanine and equity of industrial minerals, mining, natural resources and related businesses. The strategy of North Coast Minerals will be led by chairman Michael Lundin, currently operating partner at Resilience