Iris Dorbian
The Carlyle Group and Warburg Pincus have agreed to buy Toronto-based credit rating agency DBRS.
First Read dives into the holiday week with news Xiaomi is reportedly raising $1 billion at a $45 billion valuation, Sony won't be streaming "The Interview" on Crackle and a divided NYC mourns the murder of two police officers.
H.I.G. Capital has acquired most of the assets associated with Ferro Corp.'s Polymer Additives Division. No financial terms were disclosed. As a result of the transaction, PAD, which is based in Independence, Ohio, will be renamed Valerus Specialty Chemicals.
New State Capital Partners has acquired UMS, the U.S. based subsidiary of parent company UMS United Medical Systems International AG. No financial terms were disclosed. Lincoln advised UMS United Medical Systems International AG on the transaction. Based in Westborough, Mass., UMS is a provider of medical technologies and solutions to hospitals and surgery centers in the U.S., Canada and South America.
Goldman Sachs has named Mark A. Flaherty and Mark O. Winkelman to its board of directors. The appointments became effective December 18. Flaherty is retired from Wellington Management where he most recently served as vice chairman while Winkelman is a former operating partner at J.C. Flowers & Co. and has held various positions at Goldman Sachs.
Fulcrum has raised C$180 million for its fifth private equity fund. The target is C$300. Fulcrum Capital Partners V is backed by nine LPs and is expected to close in the first quarter of 2015. The pool is focused on investing in lower middle-market Canadian firms.
Magnum Semiconductor has received $36 million in debt financing from Capital IP Investment Partners. According to the firm, the capital will be used to pay down existing debt, provide working capital and for investments. Based in Silicon Valley, Magnum is a provider of video compression and processing solutions for the video broadcast networking sector.
First Read ends your week with the Dow soaring to 421 points, its best day since 2011, Thai United Frozen agrees to buy tuna brand Bumble Bee for $1.5 billion and Stephen Colbert signs off as host of "The Colbert Report."
NewSpring Capital has made an investment in EnterpriseDB. No financial terms were disclosed. In addition to the financing, Eric Jensen, a principal at NewSpring, has joined EnterpriseDB's board of directors. Based in Bedford, Mass., EnterpriseDP is a provider of provider of Postgres software and services.
BV Investment Partners has made an undisclosed investment in Plasco ID. The transaction was done in partnership with Plasco's leadership team. Based in Miami and Minnesota, Plasco is a provider of ID solutions.