Sterling Infosystems Buys Axciom Info Security Services |
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02.03.12 5:13pm
Sterling Infosystems, which is backed by Calera Capital, has acquired Acxiom Information Security Services. The seller was Acxiom Corp. Financial terms weren't announced. Acxiom Information Security is a background screening company. Read more » |
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Centerbridge Partners Acquires Aquilex |
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02.03.12 5:08pm
Aquilex Holdings said Friday that it has financially restructured its debt and is now majority owned by Centerbridge Partners. Also, Aquilex CEO and President Bill Varner is retiring while Donovan Boyd was named chairman of the board. Rothschild provided financial advice to Aquilex, while Alvarez & Marsal was restructuring advisor. Aquilex provides maintenance, repair and industrial cleaning solutions to the energy industry. Read more » |
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Thompson Street Capital Raises $350 Mln for Fund III |
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02.03.12 3:58pm
Thompson Street Capital Partners announced Friday that they closed their third fund at $350 million. Investors for TSCP III mainly came from their second fund. St. Louis-based Thompson Street invests in service, manufacturing and distribution busineses. Read more » |
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Vinci, Carlyle-Qatar Lead Bids for TAV |
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02.03.12 9:36am
French construction group Vinci and a partnership between U.S. private equity firm Carlyle Group and the Qatar Investment Authority are leading bidders for a 40% stake in Turkish airport operator TAV Havalimanlari Holding, Reuters reported Friday. TAV is valued at roughly $2 billion, Reuters wrote.
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Austin Ventures Adds Andrew Busey as Venture Partner |
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02.03.12 7:28am
Austin Ventures has named Andrew Busey, former general manager and vice president at Zynga, as a venture partner. At the firm, Busey will help identify early stage investments. Austin Ventures has $3.9 billion under management. Read more » |
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SVP Closes Fund II Above Target |
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02.03.12 5:57am
Strategic Value Partners, a global investment firm with offices in Greenwich (CT), London, Frankfurt and Tokyo has reached a final close of Strategic Value Special Situations Fund II at $918 million. The Fund had an original target of $600 million. SVP focuses on distressed, event driven and turnaround investments.
PRESS RELEASE
Strategic Value Partners (SVP), a leading global investment firm focused on distressed, event driven and turnaround investments, today announced the final closing of Strategic Value Special Situations Fund II (“SVSS II”) at $918 million. The Fund had an original target of $600 million.
SVSS II will follow the same strategy as its highly successful predecessor, SVSS I, by investing in dis Read more » |
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Platinum Completes Fifth Divestiture in Four Months |
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02.03.12 5:47am
Platinum Equity has completed the sale of 3B to Binani Industries Limited. Headquartered in Battice, Belgium, 3B produces fiberglass composite materials and is a supplier to the automotive, wind energy and other industries. With the sale of 3B, Platinum has completed five divestitures in the last four months - Canvas Systems in January 2012, The San Diego Union-Tribune in December 2011, and AEES and Peak Technologies in October 2011.
PRESS RELEASE
Platinum Equity announced today it has completed the sale of 3B - The Fibreglass Company (”3B”) to Binani Industries Limited. Platinum did not disclose terms of the agreement.
Read more » |
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THL Credit Backs Express Courier Acquisition of EagleOne |
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02.03.12 5:43am
THL Credit has backed Express Courier’s acquisition of EagleOne, a provider of same-day courier services in Southern United States. THL Credit and its managed fund, THL Credit Greenway Fund LLC, provided senior subordinated debt capital as part of the acquisition. Express Courier, a portfolio company of The Riverside Company, is headquartered in Franklin, Tennessee, and specializes in same-day and regularly scheduled delivery of time-sensitive or confidential materials across a range of industries.
PRESS RELEASE
THL Credit, Inc. TCRD +0.61% (”THL Credit”) today announced that it participated in the financing of Express Courier International, Inc.’s Read more » |
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PerkinElmer Elects Atlas Venture Partner to Board |
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02.03.12 5:40am
PerkinElmer, a company focused on improving the health and safety of people and the environment, has elected Peter Barrett to the company’s board of directors. Barrett is a partner at Atlas Venture, an early stage technologies and life sciences venture capital fund.
PRESS RELEASE
PerkinElmer, a global leader focused on improving the health and safety of people and the environment, today announced that Peter Barrett, a partner at Atlas Venture, an early stage technologies and life sciences venture capital fund, has been elected to the Company’s Board of Directors, in anticipation of a current Board member reaching retirement age.
“We are very excited to have Peter joining our Board,” said Robe Read more » |
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Shopify Acquires Select Start Studios |
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02.03.12 5:36am
Ottawa-based Shopify, an ecommerce platform used to create and power online stores, has acquired Select Start Studios, also based in Ottawa. The strategic acquisition will allow the company to execute its mobile growth strategy, and is its first major investment since raising $15 million in Series B funding in October 2011. Shopify has so far received $22 million in Series A and B funding from Bessemer Venture Partners, FirstMark Capital, Felicis Ventures, and Georgian Partners.
PRESS RELEASE
Shopify, the leading ecommerce platform used to create and power online stores, today announced it acquired award-winning Select Start Studios Inc. (”S3″) Read more » |
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