Latest News
Catterton Partners, a consumer-focused private equity firm in North America, has acquired a controlling interest in Alasko Foods, the largest Canadian marketer of frozen fruits and vegetables to both institutional and consumer markets.
Terms of the transaction were not disclosed.
Alasko specialises in importing, distributing and marketing frozen fruits and vegetables from around the world. The company’s current retail products are sold under Alasko and MOOV brands as well as private label.
"With its broad product offering, strong customer relationships and proven operating model, Alasko is extremely well positioned in the marketplace," says Marc-David Bismuth, operating partner at Catterton Partners.
King & Spalding has appointed corporate lawyer John S. Herbert as a partner in New York.
Herbert will serve as a senior member of the firm’s private equity, mergers and acquisitions and securities practices.
"John is ranked among the top private equity lawyers in New York, and we are pleased to welcome him to our firm," says Raymond E. Baltz, Jr., head of King & Spalding’s corporate practice. "We have built a solid transactional support base in New York with experts in mergers and acquisitions, tax, executive compensation and employee benefits, leveraged and asset-based finance, high-yield debt offerings, real estate,
Alternative asset manager The Carlyle Group has appointed Rodney Cohen as a managing director and head of the new US equity opportunity team.
The group will draw upon Carlyle’s geographic, product and sector resources to make control, joint-control and structured minority investments of up to USD150m across a range of industries and opportunities, including, smaller buyouts, corporate divestitures, corporate partnerships and platform build-ups.
Cohen comes to Carlyle from Pegasus Capital Advisors, a middle-market investment firm with approximately USD2bn of assets under management, where he was a co-managing partner.
Reporting to Carlyle chief investment officer William E. Conway, Jr., Cohen is
Charterhouse Group, a New York-based private equity firm, together with Highlander Partners, a Dallas-based investment firm, and MTS Health Investors, a healthcare private equity firm, are selling their portfolio company Chamberlin Edmonds to a subsidiary of Emdeon for USD260m in cash.
Headquartered in Atlanta, Georgia, Chamberlin Edmonds is a provider of government programme eligibility and enrolment services to over 200 acute care facilities in 30 states.
Chamberlin Edmonds’ technology-enabled services assist hospitals in lowering the incidence of uncompensated care, reducing bad-debt expense and increasing overall cash flow.
Emdeon is a provider of healthcare revenue and payment cycle management solutions. The
Cambridge-based OpenCloud, a supplier of real-time application server software for next-generation convergent telecommunications services, has received an investment of GBP4m from Nokia Siemens Networks, one of the largest telecommunications hardware, software and services companies in the world.
OpenCloud has also received an additional GBP1m from its existing investors Advent Venture Partners and No 8 Ventures.
In addition to the investment by NSN OpenCloud has secured an OEM agreement that will see OpenCloud’s Rhino Telecom Application Server and Service Interaction Server becoming integrated into NSN’s charge@once unified product suite.
The investment will be used by OpenCloud to further its expansion. It
Venture capital trust provider Octopus Investments has completed merger of four of its Alternative Investment Market VCTs into two.
Octopus AIM VCT and Octopus Phoenix VCT have merged to become the enlarged Octopus AIM VCT.
Meanwhile, Octopus Second AIM VCT and Octopus IHT AIM VCT have merged to become Octopus Second AIM VCT.
Both VCTs are now open for investment via top up offers, and are seeking to raise GBP10m each by the end of April 2011.
The AIM VCTs are managed by Andrew Buchanan and Kate Tidbury, who have been involved with the AIM market since inception. They moved
Actis, a private equity investor focused solely on emerging markets, has acquired Vlisco Group, a company specialising in designer wax fashion fabrics.
Vlisco Group is a 164-year-old business which contributes to multiple West African economies with diverse brands ranging from luxury (Vlisco) through its mid-tier business (Uniwax) to contemporary (GTP and Woodin).
The company designs, manufactures and distributes 51 million yards of branded fabric a year for consumption primarily in West and Central Africa. It has strong retail presence in the Democratic Republic of the Congo, Ivory Coast, Ghana, Togo and Benin.
The company directly employs over 2,100 people of
Origo Partners has formed a joint venture with Monnis International, one of Mongolia’s largest industrial holding companies, to establish Resource Investment Capital.
ResCap will provide corporate finance advisory services primarily to companies active in or seeking to enter the Mongolian natural resources sector.
Mongolia has vast, largely untapped reserves of bulk commodities and base metals comprising coal, iron ore, copper, gold and uranium. The Mongolian government has recently announced a series of policy measures and infrastructure initiatives designed to unlock this value, including support for both government and private enterprises looking to access international capital markets to meet funding
Prelert has raised USD3.75m in series A funding from Fairhaven Capital Partners and Sierra Ventures.
Prelert will use the funds to expand sales of its Incident Cause Analysis software, the first product to automatically find the causal chain of events behind business affecting IT service incidents.
"Prelert has proven its ability to reduce the time it takes to identify and document the cause of service disruption incidents by 90 per cent," says Rick Grinnell, managing director of Fairhaven Venture Capital. "Their product has broad applicability across a diverse set of environments, including market data systems, Web-based applications, internal network applications,
Law firm Macfarlanes has advised Haymarket Financial, the new corporate lender, on its fundraising with Australia’s Future Fund.
Macfarlanes provided an integrated team for HayFin advising on specialist fundraising, corporate and tax structuring.
Stephen Sims, a funds partner who led the Macfarlanes team, says: “We are delighted to work closely with HayFin on their fundraising activities. With lending by banks less accessible in current market conditions, there is significant interest in the provision of debt by private financiers and we expect this sector to grow. We look forward to undertaking more of these challenging cross-border transactions.”
The HayFin instruction follows
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
