Global private equity firm The Carlyle Group has agreed to purchase OpenLink Financial, a software developer for the commodity, energy and financial services industries, from TA Associates. The terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter. Founded in 1992, OpenLink is

An investor group led by General Atlantic and affiliates of Kohlberg Kravis Roberts, in partnership with the management team of Tasc, have signed a definitive agreement to acquire 100 per cent of Tasc from Northrop Grumman in a transaction valued at USD1.65bn. Founded in 1966, Tasc today generates approximately USD1.6bn

China, technology and private equity are likely to drive IPO activity over the next 12 months, according to the Ernst & Young Institutional Investor IPO survey. Investors believed a handful of IPO markets worldwide would show recovery by the end of 2009. China (75 per cent of respondents), India (57

Nigel Hugill and Robin Butler have established Urban&Civic, a UK real estate firm backed by private equity house GI Partners.  GI Partners recently closed its third fund, GI Partners Fund III, raising USD1.9bn. This fund will provide the investment capital for Urban&Civic. Sources close to the deal indicated that GI

Fortress Investment Group made a GAAP net loss of USD190m for the quarter ended 30 September 2009. The GAAP net loss attributable to class A shareholders was USD59m, or USD0.43 per diluted share, as compared to a loss of USD0.66 per diluted share for the quarter ended 30 September 2008.

The Blackstone Group made a GAAP net loss of USD176m for the third quarter of 2009, compared to a GAAP net loss of USD340m for the third quarter of 2008. Total segment revenues were USD603.8m, up USD200.2m from USD403.6m for the second quarter of 2009 and up USD833.0m from USD(229.2)m

The Chartered Alternative Investment Analyst Association, an independent, not-for-profit international organisation, has launched CAIA Hong Kong, its tenth global chapter. “Hong Kong, one of the world’s premier financial centres, is home to a very active, engaged and growing segment of our global membership,” says Craig Asche, executive director of the

NorthStar Equity Investors, a venture capital firm that specialises in creating and building early stage technology based businesses in the North East of England, has led a GBP850,000 investment round in The WorkCast Corporation.   The investment round was made to support the development of WorkCast’s webcasting technology and to

EMEA mid-market M&A activity was valued at USD12.2bn in October, down 12 per cent from September’s USD13.9bn and down 34.9 per cent from October 2008’s USD18.7bn, according to research by Thomson Reuters. The year on year average rank value to Ebitda has decreased by 16 per cent on average with