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CCC Backed by Leonard Green & Partners

Posted on: December 3, 2012 by asormaniNo Comments »

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.

Big Switch Networks Raises $25M From Redpoint, Goldman, Index, Khosla, Others

Posted on: October 31, 2012 by Mark BosletNo Comments »

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.

J.W. Childs to Make Roughly 5x Their Money with CHG Sale

Posted on: October 22, 2012 by Luisa BeltranNo Comments »

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.

peHUB First Read

Posted on: October 16, 2012 by asormaniNo Comments »

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.

Panda Power Funds Secures Financing for Power Plant

Posted on: September 19, 2012 by asormaniNo Comments »

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.

Bids Due for TransFirst; BluePay Goes Up for Sale

Posted on: September 18, 2012 by Luisa BeltranNo Comments »

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.

Zendesk Powers Up With $60M

Posted on: September 12, 2012 by Alastair GoldfisherNo Comments »

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.

Reuters – Russia’s TCS Bank Plans $200m Fundraising via Eurobond

Posted on: September 12, 2012 by reuters-newsNo Comments »

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 [...]

Reuters – Goldman Loses Fee in Conflict of Interest Case

Posted on: September 11, 2012 by reuters-newsNo Comments »

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 [...]

peHUB First Read

Posted on: September 11, 2012 by asormaniNo Comments »

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.