Genstar Capital has added entrepreneur Kevin O’Leary to its Strategic Advisory Board. O’Leary will help the firm strengthen its Canadian portfolio.
Venture firm Highland Capital has closed a $300 million, retail- and consumer-focused fund, which will be led by Staples co-founder Tom Stemberg and Ted Philip, a founding member of search engine and web portal Lycos.
Palo Alto, California-based venture firm Technology Partners has closed its latest fund on $300 million, to be allocated to the cleantech and life science sectors.
The San Francisco-based private equity firm has closed its seventh, energy-focused fund with $1.35 billion in commitments – nearly double the size of its previous fund.
Bear Stearns Merchant Banking will buy international petroleum transporter MC Shipping for $284 million.
As it looks to the Japanese warehouse sector, global real estate firm LaSalle Investment Management announced the opening of its first commercial-and-warehouse complex in Japan.
The alternative assets manager is capitalising on the booming wealth of the Gulf region with a spate of new buyout, mezzanine and growth capital funds and an almost 50 percent increase in client assets.
Boca Raton, Florida-based Sun Capital Partners will acquire women’s clothing retailer Limited Stores, as its parent company transitions to a focus on beauty and lingerie.
Macquarie International Infrastructure Fund has bought a 20 percent stake in Taiwan Broadband Communications for $178 million. The controlling shareholder in TBC is Macquarie Media Group which holds a 60 percent stake.
KPS Capital Partners has exited its position in Blue Ridge Holding, selling the company to the Rank Group for $338 million and a more than 2x return.