EDG Partners, a private equity firm focused exclusively on the healthcare industry, has closed its second fund, EDG Partners Fund II, LP. The fund closed above target at USD177.75 million. The new fund brings the total capital managed by EDG Partners to over USD260 million. Touchstone Group, LLC provided fundraising

The transaction team of C H Reynolds Corporate Finance, under the leadership of Stefan Constantin, Partner, and Robert Kraska, Director, successfully advised HeidelbergCapital on the sale of its stake in Framas Kunststofftechnik GmbH. Framas develops and manufactures high-tech soles and plastic components primarily for the sport shoe market. Main customers

International legal practice Norton Rose LLP has advised its client Duet Private Equity on the acquisition of a controlling interest in Dashen Brewery, Ethiopia’s largest independent brewer. The value of the acquisition is USD90 million, making it the largest private equity investment in to Ethiopia to date. The investment will

The shareholders of Savcio today confirmed the sale of the company to ACTOM. Savcio is the largest privately owned provider of maintenance and repair services for motors and transformers in Africa. ACTOM focuses on manufacturing, distributing and contracting in the electrical engineering sector.   Private equity firms Actis, Ethos and Old

Hicks Equity Partners (HEP), the private equity investment vehicle of the Thomas O Hicks family, is leading an investor group that has acquired a majority interest in Directional Rentals, Inc, a privately held oilfield services company. Financial terms of the transaction were not disclosed. Based in Lafayette, Louisiana with satellite

Finam, the largest Russian brokerage and investment holding, that previously invested in Badoo and a host of other web companies, has invested USD10 million in IM+, a mobile messenger services with 17.5 million users and 800 million mobile ad impressions/month. As a part of the deal Finam and Shape Services,

Claude Paoli (pictured), majority shareholder and President of the French group BPI, has announced an intention to conclude a strategic capital partnership with Perceva Capital. The operation should be finalised in March 2012. The transaction would see Perceva Capital taking a majority stake. Created in 1984, BPI group is a

Morgenthaler Private Equity, the Boston and Cleveland-based private equity team focused on lower middle-market buyouts, has completed the sale of Phillips & Temro Industries, a designer, manufacturer and distributor of highly engineered diesel engine components to original equipment manufacturers (OEMs) and suppliers of construction equipment, light and heavy duty trucks,

Business Growth Fund (BGF), established to help Britain’s fast-growing smaller and medium sized businesses, has invested in GCI Telecom Group (GCI Com), an independent telecoms and data services provider, led by Midlands-based IT and communications entrepreneur, Wayne Martin. BGF has invested GBP10 million of equity capital to support GCI Com’s organic