Dave Keating

Red Diamond Capital, the New York-based affiliate of Mitsubishi, has backed the management-led buyout of UK-based Avon Rubber’s automotive division with £63m.

Following KKR’s lead, the New York-based firm is reportedly raising a vehicle to be publicly traded on the Euronext Amsterdam exchange.

The Boston-based firm has closed its third healthcare and technology focused fund after exceeding an initial target of $175 million.

Dallas-based Parallel Investment Partners will invest in recapitalizations and opportunistic buyouts with its second fund.

The JP Morgan Chase-backed private equity arm will sell Progress Rail Services to Caterpillar for $1 billion in cash, stock and assumption of debt after holding it for just over a year.

In its first resort purchase, the New York-based firm has acquired a resort and casino from Aruba Hotel Enterprises.

The head of private equity for Canada’s fourth-largest pension fund is resigning, possibly to launch his own operation.

Sam Schwerin says venture investment managers are hungry for a significant source of liquidity, and his firm is poised to provide it to them. Dave Keating reports.

Lebanon, New Hampshire-based GlycoFi will be acquired by Merck in an exit coup for the biotech company’s venture backers.

The Dallas-based buyout firm’s second fund will focus on small private companies with enterprise values less than $100 million.