Latest News
Parafin and a private equity firm have both signed a term sheet whereby the private equity firm, based out of Wilmington, Delaware, will commit to purchase up to USD6m of shares of common stock of Parafin.
The investor is a private equity firm that invests capital into companies in the emerging markets.
It has invested in over 100 public and private companies in various sectors including oil and gas, communication, arts and entertainment, services and medical sectors.
Sid Fowlds, the chief executive of Parafin, says: "Once the final agreements have been executed, Parafin plans to immediately begin the 3-D re-processing
Arsenal Capital Partners, a New York-based private equity firm, has entered into a definitive agreement with Eastman Chemical to sell its portfolio company Genovique Specialties, a provider of benzoate plasticizers.
Genovique Specialties is a producer of benzoic acid, sodium benzoate and specialty plasticizers that are performance based solutions for the adhesives and sealants, coatings, and PVC markets.
The company has benzoate esters manufacturing capabilities in North America, Europe and Asia.
Tim Zappala, chairman of Genovique and a partner of Arsenal Capital who co-heads the firm’s specialty chemicals and materials practice, says: "We are very pleased with the progress Genovique has
Hercules Technology Growth Capital, a finance company providing venture debt and equity to venture capital and private equity-backed technology and life science companies, has acquired all of the assets of Spa Chakra via its newly formed entity Spa Chakra Acquisition.
Spa Chakra is a provider of health and wellness care that integrates conventional and holistic methods of care and treatment.
Under the new organisation, Spa Chakra Acquisition, Spa Chakra will continue to operate and maintain all normal business operations, both domestically and internationally.
“We have worked very hard over the course of the last few months to ensure the long
QVT Financial’s QVT Fund has filed petitions for an injunction against Galatasaray Sportif, as well as the individual members of Sportif’s board of directors, in order to prevent Sportif from completing what QVT views as an illegal merger with Sportif’s majority shareholder, Galatasaray Spor ve Futbol.
QVT Fund is the largest minority shareholder in Sportif, currently holding approximately 17.7 per cent of the public stock.
Dan Gold, chief executive officer of QVT, says: “Sportif must not be permitted to misappropriate the value of the investment of minority shareholders through a coercive tender offer, at an egregiously low price, on
Private equity firm OpenGate Capital has acquired Philips Business Communications, a provider of telecommunication and data solutions in Brazil.
The business was acquired from healthcare and technology enterprise Philips for an undisclosed amount.
The transaction is the first South American investment for OpenGate Capital.
OpenGate bought 100 per cent of the Brazilian entity and will partner with existing management to further grow and expand PBC’s 40-year foothold in the telecommunications market in Brazil.
Philips has divested from its other non-core telecommunications divisions.
“With a solid market position, renowned brand and a large installed base of premier customers, PBC in Brazil
General Atlantic, a growth equity firm, has taken a significant equity position in Asian Genco, an infrastructure company which has investments in power generation assets in India and in engineering services businesses.
GA has made its investment as part of a USD425m investment by a consortium of investors, which also includes Morgan Stanley Infrastructure Partners, Goldman Sachs, Norwest Venture Partners, Everstone Capital and PTC India Financial Services.
The goal is to create Asian Genco as one of the leading power generation platforms in India.
The funding will help Asian Genco to bring its existing power projects under construction to
Private equity firm Bowmark Capital is backing the GBP48m management buy-out of Leaders, a UK residential lettings and property management agency, from property investment and development business RO Group.
The buyout team is led by Leaders’ managing director Paul Weller (pictured right), who has been with the company for 17 years.
The UK lettings market is worth around GBP2.5bn a year, and is growing strongly due to the increasing demand for rental properties.
Leaders was founded in 1983 and now comprises 42 branches across the south of England, managing more than 15,000 properties for around 13,000 landlords.
California State Teachers’ Retirement System has named Margot Wirth as director of the USD16.8bn private equity portfolio.
Wirth will direct a staff of 20 who manage the private equity portfolio, which accounts for 12.7 per cent of the USD132.6bn Calstrs investment portfolio as of 28 February 2010.
The private equity staff manages a portfolio consisting of private equity limited partnerships managed by external general partners and direct side-by-side co-investments.
Private equity staff also manages the Credit Enhancement Program, which underwrites municipal transactions on an opportunistic basis and is managed internally.
“Margot emerged as the best choice to bring the private
Trivest Partners has completed the recapitalisation of Endeavor Telecom, a provider of turnkey installation services to businesses throughout North America.
Endeavor’s management team, led by Justin R. McLain (pictured) and Andrew Schroer, will continue as owners in the business and lead Endeavor’s daily operations.
Endeavor manages the installation of IT/communications equipment, with services ranging from basic single location installations to installs involving the connectivity of thousands of commercial sites across the US, Canada, and Mexico.
McLain says: "Since inception, Endeavor has been focused on maintaining an aggressive rate of profitable growth. The timing of this event is ideal as it
Investment bank Tully & Holland has sold Linen Source, a direct marketer of bedding and home furnishings, to Golden Gate Capital’s portfolio company Orchard Brands.
The terms of the transaction were not disclosed.
Orchard Brands, a USD1.1bn multi-channel marketer of apparel and home products, acquired Linen Source to broaden its product offering.
Orchard Brands will consolidate Linen Source’s business operations into its existing organisation.
Linen Source, one of three direct marketing companies collectively known as The Thompson Group, will benefit from access to Orchard Brand’s large customer file.
Alix Franzblau, treasurer of The Thompson Group, says: "We are
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
