Preqin research indicates that buyout funds are still carrying many portfolio companies purchased during the record-breaking buyout boom period of 2006-2007, with just 28 per cent of deals made in 2006 and 19 per cent made in 2007, having been fully exited by general partners. Buyout GPs typically look to

HgCapital has sold Mercury Pharma, the UK-based speciality pharmaceutical company, to Cinven, the European private equity firm, for GBP465m. Following the sale of Mercury Pharma, 20 per cent of invested capital will have been realised by the HgCapital 2009 vintage fund, HgCapital 6. Since the start of the global economic

Illinois Tool Works’ (ITW) Decorative Surfaces business is to become a new, independent company operating as Wilsonart International, backed by Clayton, Dubilier & Rice (CD&R).   A fund managed by CD&R will invest USD395m in the new freestanding business to acquire a majority ownership stake.  ITW will retain an ongoing ownership

The gradual recovery in deal flow in private equity’s UK lower mid-market continued during the second quarter of 2012, as the Eurozone crises’ impact on confidence and the availability of leveraged debt continued to dampen the wider continental buyout market. According to Lyceum Capital and Cass Business School’s UK Growth

Great Point Partners, a Greenwich, Connecticut-based private investment firm focused on the healthcare industry, has led a USD20m funding round in growth recapitalisation of Connecture.  Existing investor Chrysalis Ventures also co-invested in the financing. The investment will enable Connecture to meet the demand from states for the creation of health

The Riverside Company has acquired the US food ingredients distribution business of Centerchem, a distributor of Capol products. Based in Elmshorn, Germany, Capol is a Riverside platform company that develops and manufactures polishing, anti-sticking and release agents used for confectionary applications. The new US operation, Capol LLC, is based in

Tech Coast Angels (TCA) raised more than USD10m of total investment in 17 companies, including USD4,571,000 of direct TCA investment, during the first half of 2012 via the group’s five networks in Los Angeles, Orange County, San Diego, Central Coast, and Inland Empire. The investment portfolio for the period spans

An affiliate of Lightyear Fund III has completed its acquisition of the Healthcare Benefit Solutions business from FIS. Lightyear previously announced the signing of a definitive agreement to acquire the business on 25 June 2012. The new company has been renamed and will operate as Alegeus Technologies. Alegeus is provides

The Carlyle Group and Getty Images management have formed a partnership to acquire Getty Images, a creator and distributor of still imagery, video and multimedia products, from Hellman & Friedman for USD3.3bn. Carlyle will acquire a controlling stake in Getty Images, while Getty Images co-founder and chairman Mark Getty and

Medical Marijuana has signed closing documentation for a USD2m line of credit with Lotus Capital, a Chicago based private equity firm. The line of credit will be used as a reserve fund for product expansion of the Dixie X line of Cannabidoil (CBD) based products as well as to support