Latest News
The Sterling Group, a Houston-based private equity investment firm, has completed the acquisition of a majority interest in CCCG and its subsidiaries, including Express Integrated Technologies and Express Metal Fabricators.
The acquisition was financed with equity from Sterling Group Partners II and debt financing from BNP Paribas.
Express, headquartered in Tulsa, Oklahoma, is an independent manufacturer engaged in the engineering, design and fabrication of heat transfer, environmental compliance and sound suppression equipment. The company primarily serves the power generation, refining, chemical, exploration and production, and mining industries.
Express was founded by the Cowan family in 1979, and Express Integrated Technologies
Maryanna Sharrock, partner and Catherine Robinson (pictured far left, with Sharrock), associate in the tax group at law firm Stephenson Harwood, outline the role and implications of the new Tax Tribunal system in real estate transaction disputes in the UK.
Very few taxpayers positively look forward to being party to a case in a tax tribunal. By definition, there is a dispute with HM Revenue & Customs (HMRC) and one which HMRC think that that they have a fair chance of winning. However, stuff happens and there will be times when taxpayers do find themselves in disputes with HMRC.
Energy Holdings International and Wasatah Capital of Riyadh, Saudi Arabia are forming a special purpose corporation with an initial capital of USD50m that will provide acquisition funding for oil and gas and energy power projects within the Americas, Middle East and South East Asia regions.
Energy Holdings’ management team has identified a number of target acquisitions in oil and gas and IPP power projects that are being pursued and will be acquired when the initial capital raising closes.
Energy Holdings will supply acquisition expertise and will be involved in its operations.
Both parties have agreed to concurrently collaborate to establish
Law firm Dechert has opened its Dublin office and is expanding its European funds practice.
Declan O’Sullivan, head of Dechert’s Dublin team, advises domestic and international clients on the establishment and authorisation of all types of investment funds, including Ucits, hedge funds, property funds and private equity fund products. He also represents fund service providers, including investment managers, administrators, custodians and prime brokers.
A former chairperson of the Alternative Investments Committee of the Irish Funds Industry Association, O’Sullivan has played a leading role in the industry’s task force on the Alternative Investment Funds Managers Directive.
Michelle Moran joins the Dublin
DW Healthcare Partners, a healthcare focused private equity firm, has appointed William Tella, former president of Curative Specialty Pharmacy, to its executive in residence programme.
The executive in residence programme engages veteran corporate-level executives to run and consult with the firm’s portfolio companies.
“We are thrilled to have Bill join our EIR programme. His breadth of knowledge will enable us to identify and operate a world-class specialty pharmacy business within our portfolio," says Andrew Carragher, founder and managing director of DW Healthcare Partners.
Tella brings over 20 years of experience in the healthcare service industry. He has led three healthcare
Investment company Eurazeo has entered a period of exclusive negotiations with private equity firm The Carlyle Group for the divestiture of B&B Hotels.
This short-term negotiating period will end before the end of this week and may be extended if certain conditions with regard to the financing of the transaction are fulfilled.
The transaction is proceeding on the basis of an estimated enterprise value at the closing period of EUR485m.
Eurazeo has a portfolio of nearly EUR4bn in assets. Eurazeo is the majority or leading shareholder in Accor, ANF, Apcoa, B&B Hotels, Elis, Europcar and Rexel.
Grant Thornton, the US member firm of audit, tax and advisory organisation Grant Thornton International, has admitted Michael Imber and Jim Porter as principals to its corporate advisory and restructuring services practice.
Imber and Porter are among 22 newly admitted partners and principals at Grant Thornton.
“Having outstanding partners and principals is an important differentiator for Grant Thornton in our ability to serve our clients with distinction,” says Marti Kopacz, co-leader of Grant Thornton’s corporate advisory and restructuring services practice. “Mike and Jim have demonstrated their dedication to making a difference — to our clients, our profession, the communities
Water Street Healthcare Partners, a private equity firm focused exclusively on healthcare, has acquired Medical Specialties Distributors.
Headquartered in Massachusetts, Medical Specialties Distributors is a provider of infusion products, supplies, biomedical services and technology solutions to the growing home infusion therapy market.
The acquisition expands Water Street’s current group of healthcare companies to 12.
With US demographics shifting toward an older population and an increasing number of people suffering from chronic conditions, the Centers for Medicare and Medicaid Services projects that home healthcare expenditures will reach more than USD90bn by 2014.
Medical Specialties Distributors supports a broad base of customers
The Walt Disney Company has sold Miramax Films to Filmyard Holdings, a company in which Colony Capital is a partner, for over USD660m subject to certain adjustments.
Partners in Filmyard include Los Angeles businessmen Ron Tutor and Tom Barrack, Colony Capital and other individuals.
The transaction is subject to certain regulatory approvals and is expected to close between 10 September 2010 and the end of the calendar year.
The sale of Miramax Films includes rights in over 700 film titles, including Academy Award winners like Chicago, Shakespeare in Love and No Country for Old Men. Also included are non-film assets,
Wright Express, a provider of payment processing and information management services to the US commercial and government fleet industry, has entered into a definitive share purchase agreement to acquire the Australian assets of Retail Decisions consisting of its fleet and prepaid card businesses.
The assets are being acquired from Palamon Capital Partners, a private equity firm, and its co-investors Morgan Stanley Alternative Investment Partners and AlpInvest Partners for approximately AUD353m in cash (approximately USD318m).
The all cash transaction is anticipated to be immediately accretive to the company’s adjusted net income and is expected to close in the third quarter, subject
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
