Golden Meditech’s hospital subsidiary, Golden Meditech Hospital Group, has entered into an agreement to issue senior five per cent redeemable convertible notes due in 2014 with an aggregate principal amount of USD28m (HKD217m). The monies raised will be used to accelerate business developments in China. Under the agreement, Golden Meditech

Hellman & Friedman, a private equity investment firm based in San Francisco, has completed the closing of Hellman & Friedman Capital Partners VII, a USD8.8bn fund and the largest in the firm’s history. With the closing of HFCP VII, Hellman & Friedman has raised over USD25bn of committed capital since

American Capital, parent company of European Capital Financial Services, has closed its Frankfurt affiliate. The closure of the Frankfurt office is in response to the global downturn in the private equity markets over the past two years. The assets originated by the Frankfurt office of European Capital will continue to

Blue Belt Technologies, a Pittsburgh-based medical device company which develops surgical instruments for use in orthopaedic and neurosurgery procedures, has closed on a USD2.4m private equity series A round of financing. The round was led by private investors and included the Pittsburgh Life Sciences Greenhouse and Innovation Works (Pittsburgh) and

Golub Capital has provided a USD23.5m one-loan debt financing to support Cortec Group’s acquisition of Katena Products. Katena, based in Denville, New Jersey, is a producer and supplier of precision-manufactured micro instruments for ophthalmic surgeries of the anterior segment of the eye (i.e., cataracts, corneal transplants, Lasik, glaucoma). Katena’s products

Navigation Capital Partners, an Atlanta-based middle market private equity firm, has completed the realignment and financial recapitalisation of its portfolio company Five Star Food Service, a vending, coffee service and food service provider. Aurora Management Partners assisted Five Star management and NCP with the strategic realignment while NCP initiated and

The third quarter proved to be a mixed bag for US venture capitalists as capital raised via initial public offerings hit the highest level since 2007, but mergers and acquisitions of venture-backed companies totalled 71, consistent with pre-boom numbers of 1999, according to Dow Jones VentureSource. Overall, venture-backed liquidity is

The Riverside Company, a global private equity firm investing in companies with enterprise values of under EUR150m, has acquired Crioestaminal, a company that isolates and cryopreserves stem cells from umbilical cord blood. Riverside is acquiring the Portuguese company with some of the founders and key members of the management team.

The PowerShares Listed Private Equity Portfolio will begin tracking the Global Listed Private Equity Index, and will be renamed the PowerShares Global Listed Private Equity Portfolio. The fund will continue to be offered on the NYSE Arca under the existing ticker symbol PSP. The fund had previously tracked the Red

Monsal, an environmental technology company backed by Matrix Private Equity Partners in 2007, has completed the first phase of planning, pre-design, permitting and support services for a food anaerobic digestion and renewable energy contract in March, Cambridgeshire.  The project will generate sufficient electricity to supply 1,500 homes, or approximately six