David Rapp

First Atlantic Capital has acquired a majority interest in manufacturer BHM Technologies, and the firm is planning an aggressive growth strategy.

Ixico, a London University spin-out that is developing clinical image software for drug discovery, has raised £930,000 from UK venture fund The Capital Fund and several high-net-worth individual investors.

Three teams of private equity firms are in the final stages of bidding for the semiconductor division of Philips Electronics - a deal which could be valued at more than $10bn, according to news reports.

The New York Board of Trade, the commodity futures exchange, is in preliminary discussions about a merger with PE-backed IntercontinentalExchange which could be valued at up to $900m, according to news reports.

The New York Board of Trade, the commodity futures exchange, is in preliminary discussions about a merger with PE-backed IntercontinentalExchange which could be valued at up to $900m, according to news reports.

Lone Star Funds, the Dallas, Texas-based private equity firm, has reached an agreement to sell restaurant chain Shoney’s to Centrum Equities, another Southern private equity firm.

L Capital, a private equity fund backed by French luxury products conglomerate LVMH Moët Hennessey Louis Vuitton, has acquired a majority stake in Italian clothing manufacturer Piazza Sempione.

Middle-market mezzanine firm Praesidian Capital Investors announced that it has provided $7m in debt financing for the recapitalization of manufacturer Davis Inotek Instruments—thus allowing the company to buy General Electric’s calibration and repair business.

Private equity firms Warburg Pincus and Cinven have won an auction to acquire Dutch cable television operator Casema from three other private equity firms for €2.1bn.

Pet supplies retailer Petco announced that it has agreed to be acquired by private equity firms Texas Pacific Group and Leonard Green & Partners in a cash deal valued at $1.8bn.