PE Tech Report

Deals

Robert Caporale, head of new business development – Americas, JP Morgan Worldwide Securities Services

Cerberus appoints JP Morgan as administrator for its investment funds

JP Morgan Worldwide Securities Services today announced that it has been appointed by Cerberus Capital Management, LP, one of the world’s leading private investment firms, to provide fund administration and related securities services for its investment funds with aggregate assets of over USD23 billion.  The JP Morgan platform will be

LDC Backs third acquisition for Microlease

Mid-market private equity firm LDC has funded the acquisition of US based MetricTest for portfolio company Microlease, the international provider of rental and asset management services to the test equipment market. LDC originally backed the GBP30m management buyout of Microlease in 2006, investing a further GBP8.3m in 2009 to provide

Saffar Holdings appoints Arma Partners to coordinate strategic review

Saffar Holdings Limited has retained Arma Partners LLP to advise on strategic options in relation to its portfolio company, Zawya Limited in response to several unsolicited expressions of interest in Zawya that have recently been received. Founded in 2001 and based in Dubai, UAE, Saffar is a leading early-stage private

Leica Camera gains strategic investor in Blackstone

The Blackstone Group and ACM Projektentwicklung GmbH thave agreed a strategic partnership whereby investment funds advised by Blackstone will acquire, indirectly through a holding company, a 44% minority stake in Leica Camera AG (Leica), to support the company’s international growth plans. Headquartered in Solms, Germany, with 1,150 employees, Leica has

The Carlyle Group to acquire Telecable

Global alternative asset manager The Carlyle Group has reached an agreement to acquire an 85% share of Telecable de Asturias SAU (Telecable), a Spanish-based TV, telephony, broadband and advanced business solutions provider for the Asturias region in Spain. Liberbank will retain a minority stake after the transaction, which is expected

Statoil acquires Brigham for USD4.4 billion equity value

Statoil ASA and Brigham Exploration Company have entered into a merger agreement for Statoil to acquire all of the outstanding shares of Brigham for USD 36.5 per share through an all-cash tender offer. The Brigham Board of Directors has unanimously recommended to its shareholders that they accept the offer. Ben

Lyceum Capital-backed merger creates GBP50m drainage firm

Lyceum Capital has funded the merger of two of the UK’s biggest independent drainage companies – a transformative deal which creates a GBP50 million turnover, market-leader in the provision of specialist services to the household, industrial, commercial, transport and water sectors.   In January 2010 Lyceum Capital acquired a majority

Vision Capital sells Terphane to Tredegar Corporation for USD188 million

Vision Capital has agreed to sell Terphane to Tredegar Corporation (NYSE: TG), a global manufacturer of plastic films and aluminium extrusions, for USD188 million. Under Vision Capital’s ownership, Terphane, a leading manufacturer of speciality polyester films with operations in Brazil and North America, has made rapid operational and financial progress,

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