Sir Richard Sykes is to become chairman of Medeus, a new company which has acquired the drugs marketing arm of Elan Corporation in a $120m MBI funded by Apax Partners.
The two firms are equally partnering with company management to acquire technology services company BBNT Solutions, the creator of the first network e-mail, from Verizon.
The New York- and Cleveland, Ohio-based middle-market specialist beat its original fundraising target set in June 2003, raising almost double the capital of its previous fund.
After only four months of fundraising, the Palo Alto firm surpasses its original mark with its fifth fund, which will target venture capital investments in expansion, late-stage private and public technology companies.
Today's investors in private equity are looking for firms, not funds. Texas Pacific was able to offer just that.
Non-US investors, and an emphasis on operations and succession planning lead to fundraising success.
The US energy investment specialist, operating out of offices in San Francisco, Boston and New York, will target power and electric utility deals.
CDC Capital Partners, the UK-based emerging markets investor, has completed a $26m mezzanine investment in Orascom Telecom Algeria as part of a €545m funding package for the business.
Sterling Capital Partners is backing the nationwide expansion of Florida Coastal School of Law, a for-profit law school.
Cambridge, Massachusetts venture firm General Catalyst Partners has closed a fund, its second institutional investment vehicle.