Jennifer Harris

Quadrangle Group has hired Steven Davidson of Mourant to strengthen its internal infrastructure and financial administration activities.

In the wake of the resignation of its CEO and chairman, infrastructure investor Babcock & Brown has promoted John Fanning to chief financial officer.

Steve Belgrad, formerly of Affiliated Managers Group, replaces interim CFO John Toomey.

Just months after its Euronext-traded Carlyle Capital fund folded, the private equity firm is shutting down an affiliated hedge fund. It backed away from its previous hedge fund strategy, a fund of hedge funds, in 2003.

Millennium Technology Ventures, a Blackstone spin-out, has hired a new CFO from Venrock Associates -- just one part of a dramatic expansion plan.

SAIF Partners has acquired 2.59 million shares of China TransInfo, giving the Asia-focused VC firm a 13.2 percent stake.

Italian private equity firm Magenti will sell the concrete equipment firm to a consortium comprised of Shenzhen-listed construction equipment company Zoomlion, Goldman Sachs, Hony Capital and Mandarin Capital Partners.

Lehman Brothers Merchant Banking will pay $22 per share in cash for healthcare services company Angelica, and Regions Business Capital and Apollo Investment will provide debt financing.

Although panelists at the IFC’s 10th Global Private Equity Conference in Washington DC are sanguine about their deal flow in the emerging markets, some spoke of seeing a slowdown in the pace of fundraising.

The China Securities Regulatory Commission has taken steps to give the country’s securities firms access to the private equity market, as China continues to formalise its regulation of domestic private equity.