HarbourVest Global Private Equity (HVPE) is to take a direct stake of approximately USD95m, and also have an interest of approximately USD12m through other existing commitments to HarbourVest managed funds, in the assets of Conversus Capital. This transaction is expected to add approximately USD0.20 to HVPE’s NAV per share.  

Dallas-based private equity firm Lone Star Investment Advisors has sold Petroplex Acidizing to One Rock Capital Partners.  Aided by Lone Star, Petroplex expanded its major customer accounts, added product offering for key customers and more than doubled annual sales over five years, which represents a compound annual growth rate of

Mid-market private equity firm GI Partners has sold its portfolio company, Plum Healthcare Group, to Bay Bridge Capital Partners. The sale of Plum generated a return of approximately three times invested capital for limited partners in GI Partners Fund II. Plum’s current portfolio consists of 50 skilled nursing facilities and

Golden Gate Capital has completed its acquisition of Ex Libris Global Holdings, a provider of library automation solutions, from Leeds Equity Partners. Under the new ownership, Ex Libris will remain an independent business based in Jerusalem, run by the current management team. Terms of the transaction were not disclosed. “Ex

KBC Private Equity has reached agreement with KeBeK I, a newly established private equity investment fund managed by KeBeK Management, regarding the sale of the major part of KBC PE’s remaining private equity portfolio. The deal is in line with the strategic refocus plan that KBC Group agreed with the

Palamon Capital Partners has led a transaction to acquire a majority interest in beauty e-commerce specialist feelunique.com, one of Europe’s fastest growing online beauty retailers.  The transaction was agreed at a head-line enterprise value for feelunique of GBP26m.   feelunique is an online retailer of premium products in haircare, skincare,

Vance Street Capital, a Los Angeles-based private equity firm, has sold Micross Components, a provider of specialty electronic components, to Insight Equity, a private equity firm. Terms of the transaction have not been disclosed. Vance Street acquired a majority interest in Micross Components in 2009 and grew the company’s revenue

Affiliates of Apollo Global Management are to acquire Aurum, a luxury jewellery retailer in the UK, which includes the Watches of Switzerland, Mappin & Webb and Goldsmiths brands within its portfolio. The acquisition is expected to close in the first quarter of 2013 and is subject to customary closing conditions.

High Road Capital Partners has completed the acquisition of Accurate Component Sales, the ninth platform company for its debut fund, High Road Capital Partners Fund I.  Based in New Brighton, Minnesota, Accurate is a distributor of industrial fasteners, hardware and components to manufacturers in the upper Midwest.    “Accurate’s consultative

Ongoing access to capital and financing, strengthened balance sheets and divestiture activity will continue to fuel deal activity in 2013, according to PwC US.  An acceleration of deals taking place during the final months of 2012 may result in a lull in activity during the first quarter; however, these sound