Chris Witkowsky
Cerberus Capital Management has agreed to acquire the majority of Visteon Corporation's global automotive interiors business. The deal is subject to regulatory reviews and other conditions and is expected to close by year end.
Arsenal Capital Partners-backed Niagara Fiber, a supplier of insoluble fiber products globally for foods, pharmaceutical and industrial applications, has agreed to acquire Allied Blending and Ingredients. Allied Blending provides fiber and starch-based proprietary products and mixes for daily and tortilla end-markets.
The Jordan Company has held a final close on its third private equity fund, reaching its hard cap of $3.2 billion. The original target on Fund III was $3 billion. The GP committed more than $200 million to Fund III.
To end your week, First Read has news about activists in San Francisco asking a judge to stop buses transporting evil tech workers from using public bus stops, AstraZeneca rejects increased offer from Pfizer and meet the only Wall St. executive jailed for his part in the financial crisis.
The Carlyle Group is not worried about the increasing pressure by the U.S. Securities and Exchange Commission on the private equity industry around fees and expenses.
Riverwood Capital has raised about $1 billion for its second fund, already hitting its target as the firm now eyes its $1.25 billion hard cap, according to three people with knowledge of the situation.
Vitruvian Partners has led a $66 million Series D funding round in Farfetch, an e-commerce site for independent boutiques. Farfetch's existing investors Conde Nast International and Advent Ventures also participated in the funding round, alongside new investor Richard Chen, venture partner at Chinese venture firm Ceyuan.
Industry Ventures is taking over daily management of Square 1 Venture 1 L.P., a 2008 vintage venture capital fund of funds. As well, Square 1 and Industry Ventures will establish a non-exclusive referral program among the two firms.
The Nebraska Angels group has led a $650,000 seed funding round in Powderhook, a free web and mobile service that connects people with places to hunt and fish. The funding round will enable Powderhook to build its software development team.
Benhamou Global Ventures has held a first close on BGV II, a fund focused on seed and early stage investing in enterprise technology. Benhamou has already made its first investment from the second fund in Qubell, which provides application deployment and configuration management for web-scale applications.