Suzanne Weinstock

Israel-based Gilat has pulled out of a deal with a private equity consortium led by the Los Angeles-based firm, citing an ‘intentional breach of the merger agreement’. The company has called for payment of a $47m break-up fee.

BC Partners will soon launch a tender offer for all remaining shares of Migros Türk following the purchase of a majority stake in May. Separately, London-based managing partner Raymond Svider is relocating to New York to head up fledgling US buyout operations.

Riverstone, Carlyle and Grazia and GLG are among the private equity investors that have helped bring Nanosolar’s total capital raised to just less than $500m. Separately, Nanosolar competitor AVA Solar has raised $104m.

The technology-focused private equity firm’s offer to buy Aladdin Knowledge Systems, as well as an Israel-based division on which Aladdin asked Vector to bid, was rejected on the basis that it ‘significantly undervalues the company’.

The C$275m Warburg-led financing will support Osum Oil Sands’ move into commercial oil production by 2013. The lucrative oil sands in Alberta contain 173 billion barrels of proven reserves.

FRS Global, acquired by the private equity firms two years ago, has agreed to purchase Switzerland-based Iris integrated risk management to provide integrated risk and regulatory reporting products. Carlyle made its investment from its €222m European technology fund.

A Series C funding round for Spring Wireless represents NEA's first foray into Latin America. Goldman Sachs was also among the backers of the telecom company, which anticipates an IPO in 2009.

The portfolio company of defunct mid-market private equity group Citi Venture Capital has partially exited to the soft drink company’s largest distributor. The Citi fund’s portfolio remains in limbo with William Comfort managing operations in the short term.

The global private equity firm has purchased a minority stake in Amscan Holdings from private equity firms Berkshire Partners and Weston Presidio as well as management, all of which remain shareholders.

The fund of funds arm of UK insurer Standard Life has held a fourth close for its latest European fundraising effort. The firm is targeting a March 2009 final close less than two years after the close of its €900m predecessor.