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Intelligence

AT&T to invest up to USD200m in VC fund

AT&T has committed to investing up to USD200 million in a venture capital fund as part of its ongoing effort to develop solutions to the toughest technology challenges. AT&T will work with Coral’s Communications Industry Platform (CIP) team to identify and invest in start-up companies focused on connected services and

Blackstone to acquire International Market Centers

Funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities are to acquire International Market Centers (IMC), an owner and operator of premier showroom space for the furnishings, home decor and gift industries, from Bain Capital Private Equity, and funds managed by Oaktree Capital Management. Fireside Investments is also

Dubin Clark exceeds target on DCCP Fund II

Middle market private equity firm Dubin Clark & Company has held the closing of DCCP Fund II. The Fund was oversubscribed and exceeded its USD100 million target of total capital commitments. Dubin Clark, with more than USD270 million under management, seeks to make control equity investments in US lower middle-market

ItalMatch Chemicals acquires Magpie Polymers

ItalMatch Chemicals, a Global Specialty Chemical Group, with leadership in the production and marketing of performance additives for lubricants, industrial water & process treatment, oil & gas, and plastics, has acquired the French company Magpie Polymers, a startup that has developed an advanced and patented technology for selective filtration to

KKR completes sale of Capsugel to Lonza and distributes proceeds to employees

KKR has sold Capsugel to Lonza for USD5.5 billion. As part of the sale, approximately USD35 million of proceeds were distributed to non-management level employees of the company, including all colleagues from the company’s thirteen manufacturing facilities around the world. All Capsugel employees globally participated in the distribution of proceeds

LDC-backed Fishawack acquires US-based Carling Group

LDC-backed Fishawack Group of Companies, a specialist provider of scientific communications services to global pharmaceutical companies, has acquired the US-based Carling Group of Companies. The transaction value has not been disclosed. The Group includes Carling Communications, a full-service healthcare marketing and communications agency, and MCME Global, the specialist provider of

Moelis & Company expands private funds advisory into Europe

Moelis & Company, an independent investment bank, has apointed Pablo de la Infiesta as a Managing Director and Head of the Private Funds Advisory (PFA) group in EMEA. He will join the Firm’s London office in October and will provide capital raising, secondary and other advisory services to private fund

Stellex Capital Management closes debut middle market private equity fund at USD870m

Middle market private equity firm Stellex Capital Management (Stellex) has held the closing of its debut fund, Stellex Capital Partners (the Fund), with aggregate commitments of USD870 million, exceeding the Fund’s USD750 million target. Stellex has a flexible investment strategy that executes deep value control-oriented middle market investments through structured

Jim Wiant, MidOcean

MidOcean Credit Partners closes 7th CLO valued at USD600m

MidOcean Credit Partners, an affiliate of MidOcean Partners, a premier New York-based alternative asset manager, has closed a USD600 million collateralised loan obligation (CLO), MidOcean Credit CLO VII. The transaction was led by Goldman Sachs & Co.   The CLO will be backed by a portfolio of primarily senior-secured leveraged

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