CVC Capital Partners has completed the CHF3.3bn acquisition of Sunrise Communications from TDC. This follows clearance of the transaction from the Swiss Competition Commission, the Federal Office of Communications and the Federal Communications Commission ComCom in Switzerland this week.   Sunrise is the largest privately owned telecommunication company in Switzerland.   Oliver Steil, Sunrise chief executive, says: “With this deal CVC shows its commitment to a predefined business and investment-plan that includes substantial investments in Swiss ICT-Infrastructure in the next five years. I am looking forward to working with CVC.”   Lorne Somerville, partner at CVC, adds: “We are pleased

Private equity funds managed by Angelo Gordon have acquired Indianapolis-based insurance lender Oak Street Funding.  Terms of the deal were not disclosed.  “Oak Street is proud to partner with Angelo Gordon, a firm known for its high ethical standards as well as its deep and differentiated experience in specialty finance investing,” says Rick Dennen, Oak Street president and chief executive. “With this additional capital, we’ve strengthened our position as the top insurance lender and now have the ability to better serve our customers and actively expand our products and services into new areas.” Founded in 2003, Oak Street pioneered commission-based

BlackBerry Partners Fund’s co-managers have merged their investment teams to focus exclusively on mobile venture capital investment opportunities under the BlackBerry Partners Fund brand around the world. The USD150m BlackBerry Partners Fund was founded in 2008 with capital commitments from limited partners, including Research In Motion, Thomson Reuters and RBC. The fund was previously co-managed by JLA Ventures and RBC Venture Partners. The fund has made 12 investments since October 2008. RBC remains a limited partner in the fund. "While it is business as usual for all of our existing portfolio companies, the reorganisation of the BlackBerry Partners Fund manager

SeaCube Container Leasing has started its initial public offering of 2.5 million primary common shares, as well as the offering of seven million secondary common shares, by Seacastle Operating Company, an entity indirectly owned by private equity funds managed by an affiliate of Fortress Investment Group. The shares were priced at USD10 per share. Fortress funds acquired the company in 2006 and will indirectly own approximately 47 per cent of SeaCube after the closing of the offering and prior to the exercise of over-allotments, if any. In connection with the offering, SeaCube granted the underwriters a 30-day option to purchase

Bacchus Capital Management, a San Francisco-based investment firm specialising in mezzanine and private equity wine industry investments and consulting, has been retained by Pietra Santa, a Central Coast winery, to provide advisory services. The consulting services will focus on sales and distribution. "Pietra Santa is at a critical point in its evolution, and our goal is to enhance the momentum of the last few years," says Gayle Dargan, general manager of Pietra Santa. "We’ve just concluded a phase of substantial vineyard investment, adding Pinot Noir from the ground up, and are now expanding our sales and marketing infrastructure. Our relationship

GB Merchant Partners, the investment management affiliate of Gordon Brothers Group, has provided a term loan to VAS Aero Services, a provider of aftermarket aviation component services and distribution. VAS Aero Services sources, warehouses and markets aftermarket components across a broad range of aircraft and engine platforms and provides related services to airlines, leasing companies and MRO providers. The term loan is supported by inventory and accounts receivable. VAS Aero Services, formerly a division of AB Volvo known as Volvo Aero Services, was acquired by an affiliate of H.I.G. Capital in early October 2010. "We view aftermarket aviation component services