KPS Capital Partners’ portfolio company International Equipment Solutions has acquired, through an indirect wholly owned subsidiary, CWS Industries.    This is the fourth acquisition by IES since its formation. Financial terms of the transaction were not disclosed. KPS formed IES in September 2011 as a platform for investments serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy industries. At that time, KPS announced IES’s first two acquisitions, Paladin Brands Holding and Crenlo from Dover Corporation.  In November 2011, Stephen Andrews was retained as chief executive officer of IES to lead the integration of the first two acquisitions and

Monroe Capital has provided a USD16.5m unitranche facility to support the acquisition of FTJ FundChoice by Seaport Capital Partners. Based in Kentucky, FTJ FundChoice provides technology enabled mutual fund trading platforms to investment advisers nationwide. The company’s Turnkey Asset Management Program and recordkeeping services provide investment advisers with back office solutions. Theodore L. Koenig (pictured), president and chief executive officer of Monroe Capital, says: “We were pleased that Seaport Capital Partners had the confidence in Monroe to provide a financing solution to support the acquisition of this unique service business. We look forward to working with the team as they

Private equity manager Abraaj Capital has completed the acquisition of Aureos Capital, a private equity fund management group investing in small and mid-cap companies in Asia, Africa and Latin America. Abraaj Capital now has approximately USD7.5bn in assets under management, a presence in over 30 countries and over 150 investments.   Arif Naqvi (pictured), founder and group chief executive, Abraaj Capital, says: “The acquisition of Aureos is a pivotal moment for Abraaj as it consolidates our position as the pre-eminent private equity fund manager in global growth markets. As a result, Abraaj is able to provide investors with a unique

Pilot Flying J is to acquire a controlling interest in Maxum Petroleum for cash and Pilot Flying J’s contribution of Western Petroleum into Maxum. Current investors, including Maxum management, Metalmark and Waud, will re-invest in the new venture.   Maxum is one of the largest independent energy logistics companies in North America, selling and distributing over 1.3 billion gallons of refined petroleum products and serving over 15,000 customers.   Jimmy Haslam, Pilot Flying J president and chief executive, says: "The acquisition of Maxum offers us an excellent growth opportunity and we are very excited to increase our participation in this

Sandoz has completed its USD1.525bn acquisition of specialty US dermatology company Fougera Pharmaceuticals on a cash and debt free basis. Fougera had net sales of USD 429m in 2011 in the US alone and, combined with Sandoz’s existing generic dermatology franchise, this positions Sandoz as the number one in generic dermatology medicines both globally and in the US. Fougera has strong dermatology development and manufacturing expertise, particularly in the area of semi-solid forms such as creams and ointments, as well as a well-known branded business, PharmaDerm. "We are pleased to combine Fougera’s strong portfolio and pipeline of dermatology medicines with

Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, has partnered with management to complete the acquisition of Mander Portman Woodward from Apollo Global, a subsidiary of Apollo Group.  Based in London, MPW represents LLCP’s first platform investment in Europe. MPW is a provider of private education for students in their transition from secondary school into UK universities. It offers courses to over 900 students each year at its London, Cambridge and Birmingham campuses. The investment in MPW was funded from Levine Leichtman Capital Partners IV, a USD1.1bn private equity fund.  Lauren Leichtman (pictured), co-founder and chief executive of

Actis, the pan-emerging markets private equity firm, and the Government of Rwanda have confirmed the sale of Actis’s interest in Banque Commerciale du Rwanda (BCR) to Kenyan regional bank, I&M Bank, and French and German development finance institutions, Proparco and DEG. Rwanda’s Minister of Finance and Economic Planning, John Rwangombwa (pictured), heralded the sale of the country’s second largest bank as a privatisation success story for Africa.   Actis acquired an 80 per cent interest in BCR in a 2004 privatisation, with the remaining 20 per cent interest retained by the Government of Rwanda. When Actis invested, Rwanda was a

Athens-based IT consulting and services provider Real Consulting has acquired 100 per cent of the shares in HP Mid-market Solutions from the Hewlett-Packard Group. The parties have not disclosed the purchase price. The target company has since been renamed RC Mid-market Solutions. A team led by corporate lawyer and lead partner Richard Mitterhuber advised Hewlett-Packard on all legal aspects of the transaction. Headquartered in Koblenz, RC Mid-market Solutions employs approximately 200 people. With five sites across Germany, the company specialises in dealer management systems and ERP system integration in the European automotive sector. The company has over 2,000 customers and