International aircraft leasing business Avolon, a wholly owned subsidiary of Bohai Capital, is to acquire the aircraft leasing operations of CIT Group, creating a business with an owned, managed and committed fleet of 910 aircraft valued at over USD43 billion. The transaction is subject to customary closing conditions and required regulatory approvals and is expected to close in the first quarter of 2017.   Avolon chief executive Dómhnal Slattery says: “From a standing start we will have built Avolon into a leading global player in six years. We are delighted to announce an agreement to acquire the CIT aircraft leasing platform. It is a

Mademoiselle Desserts, a French producer of frozen pastries backed by Equistone Partners Europe, has acquired Quality Pastries, a Dutch producer of chilled and frozen pastries for retailers, restaurants and home service companies. Mademoiselle Desserts (formerly Européenne des Desserts) employs circa 1,000 people across its six production facilities in France and the UK and covers 75 per cent of the French industrial pastries market.   The group recorded revenues of more than EUR175 million in 2015, with its main customers including major French and UK retailers such as Carrefour, Leclerc, Marks & Spencer, Picard, Brioche Dorée, Pomona and Brake.   By

An affiliate of private equity investment firm HIG Capital has acquired Dominion Colour Corporation (DCC), a provider of high performance colour pigment solutions and preparations for the coatings, plastics and specialty ink industries. With over 400 customers in 70 countries worldwide, DCC colour solutions are used in a variety of end markets including automotive and architectural coatings, consumer and industrial plastics, and specialty inks.   Headquartered in Toronto, Canada, DCC has manufacturing facilities in Canada, the Netherlands, and the UK as well as technical sales offices throughout the Americas, Europe and Asia.   “We are very pleased to be partnering

Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of ProPharma Group by private equity sponsor Linden Capital Partners. Founded in 2001 and based in Overland Park, Kansas, ProPharma is a provider of outsourced medical information, pharmacovigilance, and regulatory compliance consulting services to customers in the pharmaceutical, biotechnology, and medical device industries.   The company has grown to a global organisation operating five contact centres across the US, Europe and Australia.   ProPharma serves a customer base which includes many of the world’s largest and well-known

Livingstone has advised Info-Assure, a provider of cyber-security and information assurance services, on its sale to BSI. Headquartered in Farnborough, UK, Info-Assure provides information assurance, security testing and incident response services to clients in the government, defence, policing, banking, retail and energy sectors. It is one of only eleven companies worldwide accredited by CESG, the information security arm of GCHQ.    Livingstone has worked closely with Martin Walsham and the team at Info-Assure for over two years as they rapidly grew the business into one of the UK’s foremost assurance, testing and response providers including introducing consultant finance director Richard

A company backed by private equity firm Permira is to acquire Tricor, a provider of integrated business, corporate and investor services in Asia Pacific, from The Bank of East Asia (BEA) and NWS. The total consideration amounts to HKD6,470 million (USD835 million), including at least HKD400 million (approximately USD50 million) in cash acquired as part of the transaction.   BEA and NWS Holdings hold 75.61 per cent and 24.39 per cent respectively, in Tricor, through East Asia Secretaries (BVI) Limited, which is Tricor's sole shareholder. Tricor’s management will become investors in Tricor alongside the Permira funds.   Founded in 2000,