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Yearly Archives: 2015
Burgaflex North America, which is backed by Blackford Capital, has appointed Erik Roeren as CEO. Previously, Roeren was the president and CEO of ATC Drivetrain LLC. Burgaflex makes coolant system tubes and hose assemblies for heavy trucks.
Euro Choice Direct, a co-investment fund advised by Akina, has raised 50 million euros (almost $55 million) in its first close. Also, the fund has partnered up with Invision to make an undisclosed investment in Swiss Education Group, a hotel management education company.
French nuclear group Areva said on Thursday it had chosen an offer from U.S Mirion and private equity firm Charterhouse to buy Canberra, its nuclear instrumentation and measurement business, Reuters reported.
Pillarstone Italy, an investment vehicle set up by U.S. private equity fund KKR, has entered exclusive talks to buy Italian telecommunications group Sirti, it said on Monday.
Angelus Private Equity Group has agreed to acquire a portion of Emerald Oil Inc's undeveloped leaseholds in Montana and North Dakota, which includes about 9,750 net acres. The value of the transaction is about $9.75 million.
First Read begins the week after Christmas with news that a new China law is requiring tech firms to turn over encryption keys, "Star Wars: The Force Awakens" makes $1 billion in 12 days and Peyton Manning denies doping allegations.
Alibaba Group Holding Ltd (BABA.N) has agreed to invest $1.25 billion in Chinese online food delivery service Ele.me, leading business weekly Caixin reported on Friday.
Business services companies Cognizant Technology Solutions Corp, NTT Data Corp and Atos SE are competing to acquire Perot Systems, an IT management business of Dell Inc, Reuters News reported.
Japanese tire maker Bridgestone Corp (5108.T) raised its offer for Pep Boys-Manny, Moe & Jack (PBY.N) to about $947 million, trumping activist investor Carl Icahn's current $900 million bid, Reuters News reported.
H.I.G. Growth Partners, the growth capital arm of H.I.G. Capital, said it closed the sale of Lancope Inc. to Cisco Systems Inc. Lancope is a cyber security company. Terms of the deal call for Cisco to pay $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco. H.I.G. was Lancope's largest shareholder at the time of the sale.