Suzanne Weinstock
The US-based growth investor has brought on Fernando Marques Oliveira as managing director to spearhead the firm’s ramped-up investment activity in Latin America. General Atlantic last month invested in Brazilian healthcare insurance group Qualicorp.
The buyout firm has partnered with CMS Computers to spin out two of its divisions into a new company with Blackstone as the majority owner.
The Florida-based firm’s portfolio company Kellwood has finalised a $179m divestiture, selling off two brands to a newly created Sun Capital platform company to repay its debt.
Latin American venture firm Ignia’s second round added $13.6m to the fund’s first close in early June. The firm expects to hold a final close on its debut fund, which is targeting up to $75m, in early 2009.
The publicly listed affiliate of mega-buyout firm Apollo Global Management has promoted two senior executives as the result of its chairman stepping down from his role as CEO.
A South Korean court cleared bank and government officials of price manipulation in the $1.2bn sale of Korea Exchange Bank in 2003 to the US private equity firm. Lone Star has lost two agreements to sell its stake at an enormous profit as the result of ongoing lawsuits.
The New York-based mid-market buyout firm has acquired two hospital laundry companies to form Healthcare Laundry Systems in a ‘conservatively financed transaction’ that was more than a year in the making.
Moelis Capital Partners also participated in financing the launch of mid-market healthcare industry lender MidCap Financial, which is led by the former Merrill Lynch Capital Healthcare Finance team.
The New York financial services specialist has hired four people in the last two months, most recently FirstMark’s Deborah Bernstein and Jason Rotman of Swiss Reinsurance Company.
The $1bn joint venture has sold Noresco to heating and air conditioning giant Carrier after acquiring the company for $82m less than three years ago.