Promus Equity Partners LLC, the private equity arm of Promus Capital, has acquired ProSteel Security Products Inc. Terms of the deal have not been released, though the firm said that senior debt was provided by US Bank. Based in Provo, Utah, ProSteel is a leading provider of gun safes marketed

USA Synthetic Fuel Corporation (OTCQB: USFC), a cleantech company focused on ultra clean btu converter commercial deployment, is to receive up to USD20m in investment funds from Kodiak Capital Group, LLC, a New York-based institutional investor. "We are pleased to receive this commitment from Kodiak, a well respected team that

Private equity fund administrator Langham Hall has been appointed as the Guernsey administrator to Cubera VI, a secondary fund focusing on purchasing LP shares in Nordic buy-out funds.   The advisor to the fund is Cubera Private Equity AS a Nordic investment firm specialising in secondary transactions in the Nordic

CI Capital Partners, a private equity firm headquartered in New York City has announced the final closing of its CI Capital Investors II, LP fund with USD620 million in commitments, exceeding its target of USD500 million. The managing principals of CI Capital are collectively the largest investors in the fund.

Luxembourg Fund Partners has launched the Salus Healthcare Fund I – LFP Prime SICAV SIF SA, a diversified regulated investment vehicle created to invest into an evolving, high quality and high growth property asset class. This will benefit from the huge growth in the Care Homes, Retirement and Assisted Living

AnaCap Financial Partners (AnaCap), the European private equity firm that specialises in the financial services sector, is to acquire Cabot Financial, the consumer debt purchasing firm, from Citi. The purchase will create the UK’s biggest debt purchasing and collection business as AnaCap will integrate Cabot Financial with Apex Credit Management,

Pond Ventures has completed its fourth portfolio company exit in six months with the acquisition of Nanotech Semiconductor by Gennum Corporation (TSX: GND) for USD34 million, plus a potential earn-out of up to USD6 million if certain revenue targets are achieved by Nanotech over the next 12 months.   The

Venture capital firm Andreessen Horowitz has created a co-investment fund for its Fund II, bringing total assets under management to USD1.2 billion. The additional funds will be targeted at growth-stage investments. “Creating the co-investment fund was an easy decision,” says General Partner John O’Farrell. “We’re fortunate to have strong demand

Private Equity firms invested about USD3,296 million across 83 deals in India during the quarter ended March 2011, according to a study by Venture Intelligence, a research service focused on Private Equity and M&A transaction activity in the country.   The amount invested during the quarter was higher than that