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14 June 2011

Helios closes largest ever African PE fund on $900m

Africa-focused private equity firm Helios Investment Partners has closed its second fund on $900m, the largest vehicle ever to focus exclusively on investments on the continent.

14 June 2011

Apax lines up €382m Prosodie deal

UK private equity firm Apax Partners looks set to sell French information technology services group Prosodie after entering exclusive talks with European IT giant Capgemini.

14 June 2011

Private equity-backed Australian Borders, Colorado Group stores to close

The administrators of two private equity-backed Australian store chains are to close a string of outlets, as the Australian retail slump continues.

14 June 2011

Gores Group completes Scoville Fasteners acquisition

US private equity firm the gores Group has completed the acquisition of Scovill fasteners, a troubled manufacturer of fastening products for the clothing industry.

14 June 2011

Express-1 raises $150m from United Brands’ Bradley Jacobs and Jacobs PE

NYSE Amex-listed third-party logistics company Express-1 Expedited Solutions is to raise up to $150m from Bradley Jacobs, the founder of United Rentals, the world’s largest equipment rental company, various minority co-investors, and his private equity firm, Jacobs Private Equity.

14 June 2011

3i banks four times return on Ålö sale

UK private equity firm 3i has sold tractor components manufacturer Ålö to Nordic investor Altor for SEK2.2bn (€240m), cashing a four times return on its initial investment.

14 June 2011

First Reserve completes Finmeccanica power unit deal

US energy sector-focused private equity firm First Reserve has completed the the acquisition of a 45 per cent stake in the power subsidiary of Italian aerospace company Finmeccanica.

14 June 2011

Macquarie, Everbright reach $729m first close for China infrastructure fund

Australian asset manager Macquarie has reached a $729m first close on a fund targeting infrastructure opportunities in the greater China region, raised in partnership with local financial services company China Everbright.

13 June 2011

CVCI acquires Ness Technologies for $307m

The growth investment arm of US investment bank Citigroup is to acquire Ness Technologies, a Tel Aviv-headquartered IT and business services provider, for $307m in cash.

13 June 2011

Norwest completes $400m CVI sale

US private equity firm Norwest Equity Partners has completed the sale of photonic solutions provider CVI Melles Griot to industrial group Idex for $400m in cash.

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