Middle market private equity firm Parthenon Capital Partners has held the final closing of Parthenon Investors IV (PCP IV) with USD700 million in commitments. PCP IV exceeded its initial fund target of USD600 million and hit its “hard cap” of USD700 million. “We appreciate the support we received from our

CS Strategic Partners, the exclusive dedicated secondary private equity arm of Credit Suisse, has announced the final close of its most recent fund, CS Strategic Partners V, with total capital commitments of over USS2.9 billion. Consistent with regulation, this capital includes over USS87 million committed by Credit Suisse and the

Growth equity investor Summit Partners today has established a new office in Mumbai. Summit is opening the office to increase investment activity in India and to support its North American and European-based portfolio companies with their expansion efforts the region. The office is being managed by Amit Chaturvedy, Director-India, and

Private equity firm The Gores Group has completed the acquisition of The Hay Group, one of the leading European manufacturers of high precision forged and machined components for engines, gearboxes and axles for the automotive, commercial vehicle and bearing industries. Terms of the transaction have not been disclosed. Founded in

Global alternative asset manager The Carlyle Group has received a binding irrevocable offer from Glory Ltd to purchase Talaris for an enterprise value of GBP650m.  Talaris is a global provider of cash handling equipment, servicing and software solutions and Glory is a manufacturer of money handling systems. Following consultation with

Edinburgh Research and Innovation (ERI), the University of Edinburgh’s technology transfer office, has announced a strategic alliance with MTI, the London-based venture capital fund manager which secures a GBP150 million injection to university spin out activity. Companies working through ERI, or the technology transfer offices at the University of Manchester and

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