Boston-based Audax Group is aiming to capitalise on consumers upgrading to digital radio with its latest acquisition of Broadcast Electronics. Thompson Street Capital Partners is notching an exit through the sale.
Bain Capital has finalised its purchase of drug and alcohol treatment centre CRC Health Group, buying the company from North Castle Partners in a $720m deal.
American International Group has reached a settlement with Peter Yu and William Jarosz, the former heads of its private equity arm. Both sides are claiming victory.
Oklahoma-based fund-of-funds manager Spur Capital Partners is nearing a final close for a $200m targeted VC fund. Roughly half of the capital is coming from Western European institutions.
Ming Lu has signed on as a managing director in the new Hong Kong office of Kohlberg Kravis Roberts. Lu had previously served as a partner at JPMorgan spinout CCMP Capital Asia.