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Intelligence

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Capital Dynamics invests in world’s largest health club franchisor

Capital Dynamics has closed an investment in Curves International, alongside lead investor North Castle Partners. Curves is the largest health club franchisor in the world with over 1.5 million active members and 7,300 clubs located in 90 countries. Focused predominantly on fitness and women’s health, Curves features a business model

Blackstone to acquire Vivent for USD2bn

A fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partner VI, is to acquire acquire Vivint from its existing shareholders, including Goldman Sachs, Peterson Partners, Jupiter Partners and other minority shareholders for in excess of USD2bn. Vivint is the largest home automation services company in

SEC obtains final judgments over ‘green’ investment Ponzi scheme

The Securities and Exchange Commission has obtained final judgments against Troy B Wragg, Amanda E Knorr, Speed of Wealth, Wayde M McKelvy and Donna M McKelvy ordering disgorgement, prejudgment interest and civil penalties totalling more than USD135m. The court ordered Wragg and Knorr to pay USD37,031,035.36 in disgorgement plus interest

HIG Capital completes sale of DIAM

HIG Capital has completed the sale of DIAM International to French private equity firm LBO France. HIG Capital has completed the sale of DIAM International to French private equity firm LBO France. Based in Paris, France, DIAM is a designer and manufacturer of high quality luxury and retail point of

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SEC charges Chicago-based investment firm with misleading investors in PE offerings

The Securities and Exchange Commission has charged the co-founder of a Chicago-based investment firm with misleading investors in two private equity offerings, and charged the other co-founder with supervisory failures related to the offerings. Advanced Equities – a broker-dealer and investment advisory firm – and co-founders Dwight O. Badger and

LDC sells Direct Group to Ryan Speciality Group

Mid-market private equity provider LDC has exited its investment in outsourced insurance services provider Direct Group by selling the company to Ryan Speciality Group (RSG).  Mid-market private equity provider LDC has exited its investment in outsourced insurance services provider Direct Group by selling the company to Ryan Speciality Group (RSG). 

glendonTodd Capital invests in SDL Citadel

glendonTodd Capital, a Dallas-based private equity firm, has invested in SDL Citadel, a renewable energy company that converts everyday waste into electricity and heat. Through its investment into SDL, glendonTodd brings a two-plus year relationship focused on social ventures and philanthropic efforts to fruition. SDL’s mission is to enhance environmental

Haseeb Aziz joins HIG Whitehorse as managing director in London

Haseeb Aziz has joined the London team of HIG WhiteHorse, the credit arm of HIG Capital, specialising in providing debt capital to profitable middle market companies in Europe and the US. Prior to joining HIG, Haseeb was a partner at Hutton Collins Partners, a subordinated debt and preferred equity fund

GMT and Seagull join forces

GMT Communications Partners, a European media and communications focused private equity group, has teamed up with the management and founding chairman to invest in Seagull, a provider of computer based training systems and e-learning for seafarers worldwide.   Founded in 1996 by its chairman, Oscar Johansen, a long term maritime

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