Wasserstein & Co, on behalf of its private equity fund Wasserstein Partners III, has acquired all of the assets of Recorded Books from Haights Cross Communications (HCC), a K-12 educational and library publisher. Northwestern Mutual and Lexington Partners are co-investing in the transaction with Wasserstein & Co. With operations
American Securities, a US private equity firm, has acquired SeaStar Solutions in partnership with the company's management team from an affiliate of HIG Capital. SeaStar is a manufacturer of precision-engineered vessel control systems and other specialised applications in marine and industrial end markets. Financial terms of the transaction have
Dallas-based Transition Capital Partners (TCP) has closed on the sale of its portfolio company, LT Energy Services, to B/E Aerospace, a manufacturer of aircraft cabin interior products. The sale was part of B/E Aerospace’s previously announced acquisition of two oil field service companies for USD265m. Houlihan Lokey served as
The Securities and Exchange Commission (SEC) has charged a Manhattan-based private equity manager and his firm with stealing USD9m from investors in their private equity fund. The SEC has obtained an emergency court order to freeze the assets of Lawrence E Penn III and his firm Camelot Acquisitions Secondary Opportunities
Zopa, Europe’s largest peer-to-peer lending company, has closed a GBP15m (USD25m) funding round from Arrowgrass Capital Partners. Zopa enables savers to receive better rates by lending money to people looking for low cost loans. Its customers have lent over GBP455m through the platform. Zopa will use this new
Octopus Investments-backed UltraSoC Technologies has appointed Graham Pink to the board. This comes a week after the appointment of Chris Gilbert as non-executive chairman. Pink is an experienced technology entrepreneur with extensive knowledge of semiconductor IC engineering, from digital implementation, packaging and fabrication through test. Pink began his career
Diversified Foodservice Supply Inc (DFSI), a KRG Capital Partners Fund IV portfolio company, has acquired Mill Hardware & Food Service. The addition of Mill Hardware to the DFSI portfolio adds scale to the organisation and improves the customer offering for chain restaurants and their associated franchisees. Mill Hardware will
Jersey’s position as the first “third country” to offer the option of a fully-compliant AIFMD regime is set to be highlighted at Jersey Finance’s annual funds conference in London this year. Entitled Through the Looking Glass, the event will also highlight how a growing number of managers are considering relocating
Venture capital firm General Catalyst Partners has expanded its investment team by naming internet technology and media business executive Paul Sagan as an XIR and partner. Sagan brings a broad range of experience as an entrepreneur, having served in senior positions during the creation of several internet ventures. XIRs
Custom House Global Fund Services, a provider of financial services to the alternative investment sector, has opened a San Francisco office as part of its continuing expansion in the US. Financial services veteran Gary Smith has joined Custom House as a commercial director and is responsible for continuing Custom House
12 November, 2026 – 5:00 pm
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