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Sentinel Capital Partners, a private equity firm that invests in promising companies in the lower mid-market, has sold WellSpring Pharma Services, a North American pharmaceutical contract manufacturing organisation. Terms of the deal have not been disclosed.
WellSpring Pharma Services provides outsourced manufacturing and contract development services to emerging-growth, mid-sized, and large pharmaceutical and biotechnology clients in the US and Canada. WellSpring has particular strength working with clients that need flexibility, customisation, personalised attention, and technical expertise. WellSpring is equipped to manufacture prescription drug products in virtually all non-sterile finished dosage forms and also provides primary and secondary packaging services. WellSpring
Law firm Paul Hastings is advising CIMC-TianDa Holdings Company (CIMC-TianDa), a subsidiary of China International Marine Containers, on the proposed acquisition, through its subsidiary Allied Best (China) Fire Safety Appliances Manufacturing, of a 60 per cent equity share in Shenyang Jietong Fire Truck Co, for RMB600 million (approximately USD88 million).
CIMC-TianDa is one of the leading manufacturers of fire engines, fire prevention and fighting equipment in the PRC. The principal business of Shenyang Jietong Fire Truck is the production of fire engines and aerial lifting fire trucks in the PRC, which complements CIMC-TianDa’s existing lines of business.
The Paul Hastings
CUSIP identifier requests for the broad category of US and Canadian corporate offerings, which includes both equity and debt, totalled 4,197 in July, down 16.6 per cent from June, according to CUSIP Global Services’ (CGS) latest CUSIP Issuance Trends Report.
On a year-over-year basis, corporate identifier request volume through July 2018 is 2.8 per cent higher than the same period in 2017. The monthly decline in corporate request volume was driven by a 19.2 per cent decrease in requests for corporate debt identifiers and an 11.1 per cent decrease in requests for corporate equity identifiers.
Municipal CUSIP requests also declined
International law firm CMS has appointed two insurance partners to associated Hong Kong firm Shirley Lau & Co. Dual-qualified Andrew Horton and Steven Wise will join the firm from RPC.
Ed Foss, Head of CMS’ Insurance & Reinsurance Group, says: “The Insurance market is becoming increasingly global in nature and Asia is playing an important part in that, so it is vital that we continue to build out the practice to meet the needs of our clients and take on new opportunities. We are delighted that Andrew and Steven will join our associated firm in Hong Kong. They are both
Private equity and real estate funds managed by Blackstone have completed the previously announced acquisition of event experiences specialist PSAV.
As part of the completed transaction, affiliates of Goldman Sachs (NYSE:GS) will be reinvesting alongside Blackstone in the transaction to continue to participate in the ongoing growth of PSAV.
PSAV delivers on its purpose of connecting and inspiring people by creating impactful event experiences. Through its deep expertise in creative, production, advanced technology and staging services, PSAV is an invaluable partner to meeting and event planners. It is the trusted provider of choice at leading venues across the globe.
Disruptive Capital has bought additional shares in Tungsten Corporation on the same day that another institutional buyer, Majedie Asset Management, acquired a 5.2 per cent stake in the company.
The small acquisition by Disruptive takes its holding to 13.07 per cent.
Edi Truell, the Founder of Disruptive, says: “We were disappointed that Odey Asset Management’s attempts to remove the grossly overpaid CEO (and the ineffectual chairman and non-executive directors that have presided over his pay packet) have so far come to nothing. Nevertheless, we were pleased to read in their latest trading update that the Board of Tungsten have
Duet Private Equity has added three investment professionals to its team, and appointed an additional industrial partner.
The continued expansion of the team follows recently completed transactions including the acquisition of a leading West-African beverage manufacturer, AJEAST Nigeria Limited, earlier this month.
The London based team is further supported by a team of 11 Industry, Country and Operating Partners allowing the firm to leverage a vast network of sector and local expertise.
Fred Chima, Managing Director, joins Duet from Temasek where he was the senior executive leading the Africa & Middle East direct investments team in London. Chima
Houston-based private equity firm Junction Energy Capital (Junction) and alternative asset manager Ara Partners Group have made a significant joint investment in Puraglobe, a technology platform with a proprietary process for producing high-quality base oils, using recycled oil as feedstock.
Allied Resource Corporation (Allied), the founding shareholder, will maintain a substantial stake in Puraglobe alongside Ara Partners and Junction.
Puraglobe, which is headquartered in Wayne, Pennsylvania, currently operates a facility in Zeitz, Germany and is developing another facility in Tampa, Florida. Puraglobe is uniquely situated to be able to produce Group III base oils using its proprietary technology.
Rob
O’Melveny has represented Skyworks Solutions, an analog semiconductor manufacturer, in its acquisition of Avnera Corporation, a private fabless semiconductor supplier.
The deal, announced on 6 August, is expected to bolster Skyworks’ leadership in wireless connectivity.
Partner Mark Peterson led the O’Melveny team, which included partners Nikole Kingston, Chris Del Rosso, Andrew Dolak, Courtney Dyer, Robert Fisher and Shelly Heyduk, along with counsel Billy Abbott, Courtney Byrd, Brian Kenyon, Bob Nicksin, Philippe Nogues, Tom Oslovar, and David Ribner, and associates Aaron Cha, Isaiah Deporto-Plick, Briana LaBriola, John Sirjord, Katie Tague, Kathryn Turner, and Alex Wilson.
Ørsted is to acquire Lincoln Clean Energy (LCE) from I Squared Capital and management shareholders in a USD580 million deal.
LCE is a US-based developer, owner and operator of wind farms. Since I Squared Capital acquired a 90 per cent stake in the company in 2015, with the management team owning the remaining 10 per cent, LCE has developed and built over 500 MW of operating capacity, is constructing another 300 MW onshore wind project, and has a pipeline of more than 1.5 GW expected to be completed by 2022.
Ørsted is a specialist in offshore wind and in
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