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Insight

Aurora Capital completes acquisition of TruGreen LandCare

Aurora Capital Group, a Los Angeles-based private equity firm with over USD2.0 billion of assets under management, today announced that an affiliate has successfully completed the acquisition of TruGreen LandCare from The ServiceMaster Company. TruGreen LandCare is a leading US provider of landscape maintenance services to commercial, industrial and municipal

Kronos terminates deal to buy Francisco Partners’ API Healthcare

Kronos Incorporated has formally terminated its previously announced agreement to acquire API Healthcare Corporation from Francisco Partners. 
“We remain committed to executing our business plan of leadership by making significant investments in innovative workforce management solutions that are designed to help healthcare organisations deliver superior patient care while controlling labor

Sittercity secures USD22.6m in financing led by Baird Venture Partners

Sittercity has closed USD22.6 million in series B equity financing led by existing investors Baird Venture Partners (BVP) and New World Ventures (NWV). They were joined by new investors State of Wisconsin Investment Board, Western Technology Investment along with existing investors Point Judith Capital, Apex Venture Partners and I2A. Sittercity,

5 hands on top of each other

Private equity leaders to advise Impetus Trust

Five individuals from leading international private equity firms have joined the new Advisory Council of award-winning venture philanthropy charity, Impetus Trust. The 18-member Advisory Council will meet twice a year to debate issues of strategic importance to society, consider how financial and political trends may affect the Impetus portfolio of

Meritech Capital Raises USD425m with fourth fund

Meritech Capital Partners (MCP) has closed Meritech Capital Partners IV, a USD425 million late-stage venture capital fund. The fund will continue MCP’s successful strategy of investing in rapidly-growing technology companies primarily in the United States. This fund brings the firm’s cumulative capital under management to USD2.6 billion and is a

Cordiant funds a USD214m renewables plant in Hungary

Cordiant Capital, the Montreal based fund manager that specialises in loans to emerging markets, has committed a USD17 million mezzanine funding towards the construction of a new USD214 million corn ethanol producing plant in Hungary.   Demand for renewable fuels in Europe is increasing as a result of the EU’s

Hans Hufschmid, GlobeOp chief executive officer

GlobeOp achieves record AuA of USD167 billion

GlobeOp Financial Services’ assets under administration (AuA) increased to a record total of USD167 billion as at 31 March 2011, a 12% increase from USD149 billion at 31 December 2010 and a 46% increase in the past 12 months, according to the company’s interim management statement covering the period since

PE funds out-perform industry peers

Many private equity portfolios are staging a post-recession comeback and are outperforming their non PE-owned industry peers, according to the latest study of the European private equity industry by AT Kearny. The report analyses PE transactions in four core European markets – the United Kingdom, DACH (Germany, Austria & Switzerland)

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