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Private equity firm Arbor Investments, in partnership with management and chief executive Timothy Fallon, has acquired Columbus Manufacturing, a portfolio company of Endeavour Capital.
Columbus, headquartered in Hayward, California, is a branded manufacturer of retail ready, super premium, artisanal salumi and related deli meat products. Terms of the sale were withheld.
Established by the Domenici and Parducci families in 1917, Columbus’ products are exclusively sold through supermarkets, club stores and specialty grocery stores across North America. Columbus operates three manufacturing facilities in the San Francisco area occupying more than 270,000 square feet and has the capability to manufacture a wide
Main Street Capital has sold the majority of its equity interest in Laurus to a private equity investment firm, which has previously made numerous growth investments within the healthcare sector.
Main Street realised a gain of approximately USD9.9m on the deal. As a result of this disposal, Main Street has now realised a 3.4x return on its total debt and equity investments in Laurus, a developer and manager of outpatient healthcare facilities.
Main Street made its initial investment in Laurus during 2004, which consisted of a first lien, secured debt investment with equity warrant participation. Subsequent to the initial investment
Origo Partners has appointed Shonaid Jemmett-Page as a non-executive director and vice chairman of the company with immediate effect.
She succeeds Christopher Jemmett as vice chairman who will become senior independent director of the company.
Jemmett-Page (pictured), a chartered accountant, has more than 30 years’ experience as a senior executive working in private equity, consumer goods and financial services in Asia and the developing world. She also has considerable board level experience and is currently a non-executive director of Amlin, Close Brothers Group, GKN and APR Energy. Previously she was a non-executive director at Havelock Europa between 2008 and
The Carlyle Group has completed its acquisition of Getty Images, a creator and distributor of still imagery, video and multimedia products, in a transaction valued at approximately USD3.3bn.
With the completion of the transaction, The Carlyle Group has acquired a controlling stake in Getty Images.
Getty Images co-founder and chairman Mark Getty and the Getty family have rolled substantially all of their ownership interests into the acquisition. Getty Images management, including co-founder and chief executive officer Jonathan Klein, has invested significant equity in the company.
"We are pleased to announce the completion of this transaction in partnership with The Carlyle
Harvest Partners, a New York-based private equity firm, has completed the acquisition of FCX Performance, in partnership with existing management, from Sterling Investment Partners.
Sterling will maintain an ownership stake in the company. Terms of the transaction were not disclosed.
Based in Columbus, Ohio, FCX is an industrial, specialty process flow control distribution company, providing technical, mission-critical products and value-added services to more than 15,000 end users, original equipment manufacturers and engineering and construction firms across the process, energy and high purity industries. The company’s target end markets include chemicals; upstream, midstream and downstream oil and gas; power; steel; pulp
Grey Mountain Partners has acquired the assets of North American Specialty Glass (NASG) out of Chapter 7 Bankruptcy.
Headquartered in Pennsylvania, NASG is one of the largest safety and security glass producers in the US, serving customers worldwide with high-performance transparency systems for transportation, architectural, military and other specialty end-use applications.
Additionally, NASG is an industry leader in the development of glass and polycarbonate laminate technology.
Tom Ryan, chief executive of Consolidated Glass Holdings, an affiliate of Grey Mountain Partners, says: “With a commitment to customer service and quality products, NASG has a reputation for providing consistently superior laminated glazing
European Capital and its affiliates have received proceeds of EUR27.9m by exiting their existing investments in Unipex Group.
European Capital has also completed a EUR20m investment in the multi-currency (including USD and EUR) unitranche bonds supporting the Unipex Group’s acquisition by IK2007 Fund, advised by IK Investment Partners.
Both transactions occurred in September 2012.
Unipex Group is a manufacturer and distributor of natural active ingredients and specialty chemicals for the cosmetic, pharmaceutical, nutrition and industrial sectors. Unipex Group has completed four build-up acquisitions extending both its geographic reach and product offering.
In May 2008, European Capital invested USD22m in a
SAIF Partners, one of China’s biggest domestic private equity firms with around USD4billion in assets under management, plans to launch a Greater China hedge fund reported Reuters this week. This would make it the first Chinese PE firm to move into the hedge fund space, although the plans are still very much at an early stage.
If and when it launches, the SAIF Partners Greater China Fund will, as seems the perennial norm for so many Asian hedge funds, adopt a long/short equity strategy. Former World Bank economist Andrew Yan, who leads the firm, made no mention of start-up capital
WL Ross has completed the purchase of 4.4 million common shares of Navigator owned by Lehman Brothers Inc (LBI) for approximately USD110m.
The transaction was approved by Bankruptcy Judge James M Peck of the Bankruptcy Court in the Southern District of New York overseeing LBI’s liquidation in connection with LBI Trustee James W. Giddens’ role in maximising value for the shares for the benefit of customers and general creditors.
The purchase brings WL Ross’ total stake in Navigator to over 50 per cent. As part of the transaction, WL Ross agreed with Navigator to various limitations, including that a majority
Private equity firm Ampersand Capital Partners has sold medical device design company MedVenture Technology to Helix Medical, a manufacturer for the medical device and healthcare industries.
Established in 1998, MedVenture is headquartered in the Louisville, Kentucky metropolitan area and employs over 260 associates. MedVenture develops and manufactures minimally invasive surgical devices and catheter-based devices for medical device companies, including Fortune 500 and medical device start-ups. The company develops integrated solutions for the endovascular, interventional cardiology, cardiovascular surgery, neurovascular, urology, oncology, and gynecology markets, among others.
The acquisition will enhance Helix Medical’s ability to offer its customers a full spectrum of
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