Maitland, the international wealth and fund services firm, has acquired 100 per cent of Inter-Ocean Management, a corporate services and trust company based in Mauritius. The deal takes effect from 1 July 2012. Over the past five years, Mauritius has transformed itself into a springboard for trade and investment into Asia and the fast-growing markets of Africa. Mauritius’ favourable tax regime and wide international double tax and bilateral investment treaty network makes it a sought after jurisdiction for the establishment of international holding companies and trusts for international corporations and individuals. It is also a suitable jurisdiction for the establishment

United Initiators has acquired Syrgis Performance Initiators (SPI) from Syrgis Performance Products, which is owned by Edgewater Capital Partners.   SPI is a manufacturer of customer tailored formulations of ketone peroxides in North America and Europe and benzoyl peroxides in North America. Both products are organic peroxide initiators used in the production of thermoset composite materials.   Headquartered in the US, SPI has a global reach with manufacturing locations in the US and Sweden in addition to trading operations in Shanghai. In 2011, SPI had total net sales of approximately USD50m.   Acquiring SPI will enable United Initiators to expand

An affiliate of private equity investment firm HIG Capital has completed the acquisition of substantially all the assets of Arctic Glacier Income Fund. The transaction was effectuated pursuant to the Companies’ Creditors Arrangement Act (Canada) and the US Bankruptcy Code. The new company, Arctic Glacier Holdings, will be based in Winnipeg, Canada, and will continue to conduct business under the Arctic Glacier name. Arctic Glacier is a producer, marketer and distributor of packaged ice. The company is the largest producer of packaged ice in Canada and the second largest producer in the US. Arctic Glacier operates a network of 39

Bertram Capital has sold Author Solutions to Pearson, a learning company and parent of Penguin Books. The USD116m all-cash deal marks Bertram Capital’s third portfolio company exit in the last nine months. Since Bertram Capital’s investment in 2007, ASI has grown to be a leading provider of professional self-publishing services. "ASI’s extraordinary growth and its impact on the self-publishing industry clearly demonstrate the capability our buy and build approach has to create market leaders that are attractive acquisitions for strategic buyers," says Jeff Drazan (pictured), managing partner at Bertram Capital. "We successfully executed three add-on acquisitions for the ASI platform

The Carlyle Group, together with management and employees of Service King Collision Repair Centers, is to acquire majority ownership in the largest independent US chain of auto body repair shops. Founder Eddie Lennox will retain a significant ownership stake in Service King. Chief executive officer Cathy Bonner will become chairman representing Lennox on the board of directors. New equity for the investment will come from Carlyle Equity Opportunities Fund and Carlyle Strategic Partners Fund III. Terms of the transaction, which is expected to close in August, were not disclosed. Shary Moalemzadeh, Carlyle managing director and a member of the Carlyle

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