Specialist acquisition firm Three Delta’s bid for Sainsbury’s awaits an 8 November deadline as its talks with the supermarket’s pension trustees near completion.
Isis Equity Partners, the UK mid-market buyout firm, has sold secure messaging company Boldon James to trade buyer Qinetiq, after securing contracts for the company with the UK Ministry of Defence and the UK Cabinet office.
Puget Sound Energy, Washington state’s largest utility company, will be taken private in a $7.4 billion transaction by a consortium including Macquarie, the Canada Pension Plan Investment Board and British Columbia Investment Management Corporation.
Segulah, the Nordic mid-market firm, has closed its fourth fund on more than €500 million, five times oversubscribed, seven weeks after issuing its private placement memorandum.
Grupo Gayosso, Mexico’s largest funeral services company, has been acquired by Advent International in a transaction valued at $317 million, including $40 million in subordinated debt.
After three years at Morgan Stanley spin-out Metalmark, Eric Fry has been appointed partner at the investment bank’s new private equity arm. Meanwhile, Morgan Stanley Private Equity’s London team has hired former Allianz Capital pro Michael Hehn.
US buyout firm Pine Brook Partners has led a four-strong consortium to buy an undisclosed stake in oil and gas exploration company Asia Pacific Exploration Consolidated, as activity in the sector continues.
Adveq, the Swiss fund of funds, has opened its first Asian office at the same time as closing its debut fund for the region.
US venture firm Draper Fisher Jurvetson has closed its first-ever growth stage tech fund on $290 million, exceeding its $250 million target. The fund is already 25 percent invested in five companies DFJ hopes will become ‘$1 billion’ enterprises.
SVG Capital, the UK fund of funds, has hired James Witter (pictured) and Sharad Rathke as directors after making a trio of appointments last month.
KKR and Goldman Sachs have struck a $400 million deal allowing them to terminate their agreed $8 billion buyout of Harman International Industries without litigation or paying a breakup fee to the audio equipment maker.
Indian infrastructure firm Zeus Infra-management and Global Infrastructure Partners have bought East India Petroleum as private equity firms continue to invest strongly in the oil and gas sector.
Octopus Private Equity and Foresight Group, the small and medium enterprise investors, have sold their controlling stakes in outsourcing company Covion Holdings with an 84 percent internal rate of return over two and a half years.
CDC, the UK government-backed emerging markets fund of funds, has nearly quadrupled its allocations to microfinance - the provision of small loans to entrepreneurs in developing nations.
India’s IDFC Private Equity is leading a consortium of Singapore’s GIC Special Investments and the UK’s CDC Group to invest $100 million in the country’s largest optical storage media manufacturer Moser Baer.