Intelleflex, a provider of extended capability radio frequency identification solutions, has received USD8m in funding in the initial close of an investment round led by New Venture Partners. Earlier round investors Arcapita Ventures, Morgenthaler Ventures and The Woodside Fund also participated. "We believe that Intelleflex is ideally positioned for compelling

Platinum Group’s private equity fund has acquired the assets of G.C. Peterson Machinery. The 80-year-old company distributes and services many brands of woodworking and plastics equipment for cabinet shops, technical schools, millwork companies, and other woodworkers. The firm’s private equity fund, Platinum Group Holdings II, acquired the assets in a

BNY Mellon has been reappointed by CP2 Investment Management to provide fund administration services. CP2 manages approximately USD2.1bn in infrastructure and equities funds on behalf of sovereign, pension and long term funds globally. BNY Mellon’s private equity, hedge fund and fund of hedge fund administration capabilities allow clients to focus

The biggest bank restructuring deals in emerging Europe reached an estimated USD21.7bn on 27 October, according to research by Debtwire. BTA Bank led the top ten live, completed and expected bank restructurings in emerging Europe this year with a USD10.3bn restructuring, which will encompass Eurobonds, syndicated and bilateral loans and

Global Infrastructure Partners, an independent USD5.64bn infrastructure investment fund, has reached agreement to acquire up to a 40 per cent convertible preferred interest in Terra-Gen Power from ArcLight Capital Partners. Financial details of the investment were not disclosed. Terra-Gen is a US renewable power generation company that owns or operates

The State Street Private Equity Index, which includes more than 1,600 private equity partnerships with aggregate commitments of approximately USD1.5trn, posted a return of 5.48 per cent in the second quarter of 2009 after five consecutive quarters of negative returns. All strategies and geographies were positive contributors during the quarter,

GreenPeak Technologies, a semiconductor company offering ultra low power wireless and battery-free data communication technologies, has closed a series B financing round. The financing round totalling EUR13m, led by Gimv and Robert Bosch Venture Capital and supported by DFJ Esprit, Motorola Ventures and Allegro Investment Fund, will provide the company

American Securities, a New York-based private equity firm, has completed its acquisition of GenTek, a provider of inorganic chemical products and valve actuation systems for automotive and heavy duty/commercial engines.   Equity was provided by American Securities Partners V, a USD2.3bn private equity partnership. GenTek operates through two business segments: