Posted on: December 3, 2012 by asormani
Leonard Green & Partners is to acquire a controlling interest in CCC Information Services from Investcorp. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries. Committed debt financing has been provided by certain affiliates of Goldman Sachs, including its principal mezzanine funds and J.P. Morgan.
Tags: Goldman Sachs, Investcorp, J.P. Morgan, Leonard Green & Partners
Posted on: October 31, 2012 by Mark Boslet
Big Switch Networks said it raised $25 million of Series B funding in a deal led by Redpoint Ventures and joined by Goldman Sachs and existing investors Index Ventures, Khosla Ventures, and others. Big Switch Networks closed a $14 million Series A funding in March of 2011 and has raised $39 million to date. It will use the funding to expand engineering, sales and marketing teams.
Tags: Big Switch Networks, Goldman Sachs, Index Ventures, Khosla Ventures
Posted on: October 22, 2012 by Luisa Beltran
Once a firm passes into zombieland can it ever come back? J.W. Childs Associates may have something to say about that. Leonard Green & Partners and Ares Management are buying CHG Healthcare Services, a Salt Lake City-based healthcare staffing firm, that is majority owned by J.W. Childs.
Tags: Ares Management, Goldman Sachs, J.W. Childs Associates, Leonard Green & Partners
Posted on: October 16, 2012 by asormani
This morning peHUB brings you the latest on US venture financings, a link to Europe’s top tech hubs and reveals just how much the new Yahoo COO has been enticed away from Google for.
Tags: AXA PE, Goldman Sachs, Google, Yahoo
Posted on: September 19, 2012 by asormani
Panda Power Funds affiliate Panda Sherman Power has successfully completed the financing on its planned 758-megawatt natural gas-fueled, combined-cycle power plant in Sherman, Texas. The company will immediately start construction on the 204-acre site and expects commercial operations to begin by the end of 2014. Goldman Sachs and Credit Suisse arranged the senior debt financing for the plant. Ares Capital was the documentation agent.
Tags: Ares Capital, Credit Suisse, Goldman Sachs, Panda Power Funds
Posted on: September 18, 2012 by Luisa Beltran
The auction of TransFirst gears up and bids are due Oct. 1. Welsh Carson is the seller. Also, BluePay is on the auction block. Goldman Sachs is an investor.
Tags: Advent International, Bain Capital, Blackstone Group, BluePay, Carlyle Group, Goldman Sachs, GTCR, Hellman & Friedman, Silverlake, TransFirst, Welsh Carson Anderson & Stowe
Posted on: September 12, 2012 by Alastair Goldfisher
Zendesk, a provider of on-demand, help desk, customer services support network, has raised $60 million in new funding including $45 million in equity. Investors include new investors Index Ventures, GGV Capital, Goldman Sachs and existing investors Charles River Ventures, Benchmark Capital and Matrix Partners. The San Francisco-based company also secured $15 million in debt from Silicon Valley Bank. Zendesk has now raised more than $80 million in total funding since it was founded in 2007. CEO Mikkel Svane told peHUB in an email that the conmpany doesn’t have any acquisitions planned. “But we are focusing heavily on attracting the right talent and DNA to the company. We need a bigger pile of chips on the table to continue to execute at the pace we’re executing,” he said.
Tags: Benchmark Capital, Charles, GGV Capital, Goldman Sachs, Index Ventures, Matrix Partners, Zendesk
Posted on: September 12, 2012 by reuters-news
Mid-sized Russian lender Tinkoff Credit Systems (TCS) plans to raise around $200 million in a three-year Eurobond issue, a banking source told Reuters. TCS, which operates online without its own branches and has a focus on credit cards, is controlled by its founder Oleg Tinkov who holds a 63.2 percent stake. The rest is split [...]
Tags: Baring Vostok, Goldman Sachs, Vostok Nafta
Posted on: September 11, 2012 by reuters-news
Goldman Sachs was not paid a $20 million fee it billed for advising El Paso Corp on its more than $20 billion sale to Kinder Morgan after the investment bank was accused of a conflict of interest in the sale, reports Reuters. The settlement between El Paso shareholders and Kinder Morgan appears to be a [...]
Tags: Goldman Sachs
Posted on: September 11, 2012 by asormani
Click on this morning’s First Read for top tips on how to build a company, to find out more about YouTube’s iPhone app and Goldman’s mega fee loss in its conflict of interest case.
Tags: Goldman Sachs, Google