Actis, the pan-emerging markets private equity firm, is continuing to tap into China’s rising domestic consumption with an investment in Bellagio, one of the country’s most popular casual dining chains.  Bellagio is renowned for its Taiwanese-style dishes and shaved ice desserts, while its contemporary restaurant design and excellent customer service have a loyal following. Founded in 2001 in Shanghai by the Lin Family, the company today has 35 restaurants across a number of Chinese cities, as well as Macau and the Philippines. In a consumer survey commissioned by Actis, Bellagio stood out against its peers in terms of both brand

Arsenal Capital Partners, a New York-based private equity firm, has acquired IGM Resins, a provider of intermediates to the global ultraviolet (UV) radiation cure coatings, inks and adhesives industry.  UV technologies are used in numerous end markets, including printing, packaging, electronics and construction. Founded in 1999, and headquartered in the Netherlands, IGM Resins is a global specialty chemical company and leading supplier of photoinitiators and acrylates to the worldwide UV curable coatings and inks markets.  In 2010, the company acquired the Photomer brand UV Acrylates business from Cognis providing the business with a fully integrated product portfolio including UV curable

Global alternative asset manager The Carlyle Group has acquired 100% of the outstanding shares of Walbro Engine Management, a global small engine parts manufacturer, from Sun Capital Partners. Terms of the transaction were not disclosed. Equity for the investment comes from Carlyle Japan Partners II. Headquartered in Tucson, Arizona, Walbro is the world’s largest manufacturer of carburettors and a major manufacturer of fuel and air management components mainly targeted at the outdoor power equipment industry. Walbro has significant sales, R&D, and production capabilities in Japan and the United States, and also has manufacturing facilities in Thailand, China and Mexico. Tony

Tengram Capital Partners, a Connecticut-based private equity firm, has acquired a significant stake in NEST Fragrances, a designer and manufacturer of luxury home fragrances. Laura Slatkin, NEST Founder, will continue to lead the Company as Chief Executive Officer and form an executive leadership team that will, under her leadership and guidance, drive the Company’s profitable growth. “We see enormous growth potential for NEST Fragrances and we are very excited about this new partnership,” says Matthew Eby, Co-Founder and Managing Partner of TCP. “In addition to her long-standing reputation in the industry, we have tremendous respect for what Laura has been

Private equity firm TA Associates has, with the support of the existing management team, completed a buyout of SpeedCast, a global network and satellite communications service provider, from Asia Satellite Telecommunications (AsiaSat). SpeedCast provides very small aperture terminal (VSAT) satellite-based broadband access services, managed networking solutions and value-added services in more than 30 countries primarily in Asia, the Middle East and Africa. SpeedCast’s customers include telecom carriers, internet service providers, governments and non-governmental organisations, and other enterprises requiring communication services in locations where wire-based communication is not possible or practical, or where mobility is required. Through its SeaCast offering, the

Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group (IBG). Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group (IBG). Novetta provides advanced, mission critical technology solutions to customers within the national security community and other organisations working with massive quantities of data. Novetta was established in March 2012 through the merger of White Oak Technologies and FGM. In August, Novetta announced the addition of White Cliffs Consulting (WCC) to the company. IBG provides identity intelligence services and solutions to both government and commercial clients. Within the biometric identity domain,

Funkwerk has sold its subsidiary Funkwerk Dabendorf to the novero Group with effect from 1 October 2012. The subsidiary handles the key operations of the automotive communication division. The purchase agreement was signed yesterday. The business premises belonging to Funkwerk Dabendorf in Dabendorf/Zossen and the company’s 100 per cent share in Funkwerk eurotelematik are not included in the sale. A team from CMS Hasche Sigle led by lead partner Eckhart Braun advised Funkwerk on all legal aspects of the sales process. The sale of the Zossen-based company is another strategic milestone for Funkwerk in its restructuring process. It also represents

Towry Group, a portfolio company of Palamon Capital Partners, has concluded a transaction with Macquarie Bank and Royal Bank of Scotland, to provide a GBP47.3m financing package. The proceeds of the debt issuance, which comprised GBP42.5m of senior and junior loans provided by Macquarie and GBP4.8m of additional senior debt provided by RBS, one of Towry’s existing lenders, were used to replace a mezzanine debt facility.   Towry is a growing independently-owned wealth advice business in the UK with GBP4.6bn of assets under management. Since Palamon’s initial investment in 2003, revenue has grown more than 35 per cent per year.