Sagard, Jean Jacques Namani (President of Stokomani) and his management team have signed an agreement to acquire, from Advent International, Stokomani, the leading French discount wholesaler of leading brands. This transaction should be finalised by June 2012. The value of the transaction was undisclosed. For over 50 years, Stokomani has

Cummins Inc has signed an agreement to acquire the heavy duty emissions control business of 3i-backed Hilite International. Headquartered in Marktheidenfeld, Germany, Hilite is a global supplier of leading automotive system solutions. The purchase price was undisclosed. Hilite’s emissions control unit is a world-class technology leader in the design and

Novartis has signed a definitive agreement to acquire specialty dermatology generics company Fougera Pharmaceuticals. Under the terms of the agreement, Novartis will acquire the business, which is based in Melville, New York, for USD1.525 billion in an all-cash transaction.   The sellers are comprised of a consortium of private equity

The British Racing Drivers’ Club (BRDC) is continuing its plan to attract commercial investment to help realise the full potential of Silverstone and its 760-acre Estate. The BRDC signed an exclusivity agreement with one prospective partner towards the end of 2011. Negotiations with the potential investor remain positive, but with

Ludgate Environmental Fund Limited has made three new investments in biomass, anaerobic digestion and waste heat recovery, each with the expectation of significant growth potential. Ludgate Environmental Fund has committed GBP7.0 million to Tamar Energy Limited, to fund the development and construction of food and mixed waste anaerobic digestion plants

KSL Capital Partners has completed the previously announced acquisition of the historic Grove Park Inn Resort & Spa. One of the most iconic resorts in the United States, the 512-room Grove Park Inn sits between the majestic Blue Ridge and Great Smoky Mountains in Asheville, North Carolina. Constructed in 1913,

JP Morgan’s Worldwide Securities Services business has been appointed to provide private equity fund administration services to 8 Miles Fund I, a Pan-African private equity fund that plans to invest in businesses across a broad range of industries, with the aim of driving long-term growth in Africa.  8 Miles, which

Montagu Private Equity has reached an agreement to acquire CAP from Top Right Group (formerly Emap International). CAP is a market leading provider of vehicle valuation data, new vehicle information and business solutions to the automotive industry. Terms of the transaction, which is expected to close later in May, were

Matrix Private Equity Partners LLP has sold portfolio company Camwood Limited (Camwood) to its management team. Camwood is an IT services business that specialises in application migration and portfolio management. It is a leader in its field of Application Intelligence. Four years ago Camwood spun out App-DNA, a software toolset

Water Street Healthcare Partners, a strategic private equity firm focused exclusively on the health care industry, and Wind Point Partners, a private equity investment firm, have completed the sale of Physiotherapy Associates to Court Square Capital Partners. Headquartered in Exton, Pennsylvania, Physiotherapy Associates is the nation’s foremost provider of outpatient