Dave Keating

MidOcean and ACI have realised a fat profit through the sale of the weight-loss company to Swiss food maker Nestle for $600m.

The fund, which has already made three investments, will focus on emerging Asian business leaders with extension capital.

Former Morgan Stanley banker Joseph Perella formally opened his new firm today, Perella Weinberg Partners, and announced a $100 million injection of capital from Dubai-based Istithmar PJSC.

British gas and oil services company Expro will buy First Reserve’s oil well testing platform.

The former Aetos Capital managing director will assist with the New York-based firm’s investments in the US Hispanic market and Latin America.

As merger and acquisition activity increases, a new KPMG study shows senior executives in North America are looking globally for the best opportunities.

Brentwood Associates will sell the consumer-product company to Carlyle after a hotly contested auction.

Norman Pearlstine, former Editor-in-Chief of Time Inc., will join the Washington, DC-based private equity firm as a senior advisor to the telecom & media team as it looks to expand its activities.

Texas Pacific Group president David Bonderman, who made millions turning around Continental Airlines, has expressed interest in buying Alitalia if the Italian government decides to privatise the airline.

Chartered Marketing Services, majority owned by TA Associates and Spectrum Equity Investors, will be sold to Intersections Inc.