Middle market private equity firm Parthenon Capital Partners has held the final closing of Parthenon Investors IV (PCP IV) with USD700 million in commitments. PCP IV exceeded its initial fund target of USD600 million and hit its “hard cap” of USD700 million. “We appreciate the support we received from our existing limited partners and are also excited about the relationships we’ve developed with an outstanding group of new investors,” says Brian Golson (pictured), Managing Partner and San Francisco Office Head. “We’re pleased that investors recognised our differentiated strategy, significant focus on proactive research, and strong track record,” says David Ament,

CS Strategic Partners, the exclusive dedicated secondary private equity arm of Credit Suisse, has announced the final close of its most recent fund, CS Strategic Partners V, with total capital commitments of over USS2.9 billion. Consistent with regulation, this capital includes over USS87 million committed by Credit Suisse and the Strategic Partner investment team. SPV LBO Centric, SPV Real Estate and SPV Venture Secondary Funds began investing in the second half of 2011 and have to date already collectively invested or committed to invest approximately USD500 million to over 170 underlying funds in over 30 transactions. Strategic Partner’s pipeline is

Growth equity investor Summit Partners today has established a new office in Mumbai. Summit is opening the office to increase investment activity in India and to support its North American and European-based portfolio companies with their expansion efforts the region. The office is being managed by Amit Chaturvedy, Director-India, and joining him are Associates Gaurav Prakash and Miloni Shah. Summit Partners will apply the same investment strategy that Summit Partners has successfully executed since 1984—to focus on high-growth businesses run by strong management teams.  “As growth equity investors with a 28-year track record, we see a significant opportunity in the

Private equity firm The Gores Group has completed the acquisition of The Hay Group, one of the leading European manufacturers of high precision forged and machined components for engines, gearboxes and axles for the automotive, commercial vehicle and bearing industries. Terms of the transaction have not been disclosed. Founded in 1925, The Hay Group has nearly 1,600 employees between its three German manufacturing operations sites. Part of the strategy under the new ownership will be to expand The Hay Group’s operations into Asia to meet the demands and requirements of its customers.  Fernando Goni, Managing Director of The Gores Group,

Global alternative asset manager The Carlyle Group has received a binding irrevocable offer from Glory Ltd to purchase Talaris for an enterprise value of GBP650m.  Talaris is a global provider of cash handling equipment, servicing and software solutions and Glory is a manufacturer of money handling systems. Following consultation with the French works council, if the offer is accepted, the contemplated transaction will be subject to regulatory approvals.   Carlyle Europe Partners III, LP acquired De La Rue Cash Systems from De La Rue plc in September 2008 for GBP360m, rebranding the company “Talaris”, and focusing on the growth of

Edinburgh Research and Innovation (ERI), the University of Edinburgh’s technology transfer office, has announced a strategic alliance with MTI, the London-based venture capital fund manager which secures a GBP150 million injection to university spin out activity. Companies working through ERI, or the technology transfer offices at the University of Manchester and University College London, can access the Orion Fund, a significant venture capital fund, raised and managed by MTI. The Orion Fund will invest primarily into companies and commercialisation projects emerging from the three universities. 
 It is the technology base of the University of Edinburgh and the companies formed around that

EDG Partners, a private equity firm focused exclusively on the healthcare industry, has closed its second fund, EDG Partners Fund II, LP. The fund closed above target at USD177.75 million. The new fund brings the total capital managed by EDG Partners to over USD260 million. Touchstone Group, LLC provided fundraising support to the firm. EDG Partners, with offices near Atlanta and Washington, DC, is a private equity firm that provides capital, expertise, and relationships to enable small and middle market healthcare companies to achieve their potential. Gaffney one of the founders of EDG Partners, says: "We are pleased to announce

The transaction team of C H Reynolds Corporate Finance, under the leadership of Stefan Constantin, Partner, and Robert Kraska, Director, successfully advised HeidelbergCapital on the sale of its stake in Framas Kunststofftechnik GmbH. Framas develops and manufactures high-tech soles and plastic components primarily for the sport shoe market. Main customers include Adidas and Nike as well as further leading global shoe manufacturers. With its 3,300 employees, the group generates revenues of over USD150 million. Since investing in Framas in 2008, HeidelbergCapital had actively supported the company’s worldwide expansion, including the establishment of development centres in South Korea and Germany. The