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Publicly traded Celgene Corp. said that it would invest $15 million into Acetylon Pharmaceuticals, via the purchase of Series B-2 preferred stock. As a result of the financing, Mark Alles, Celgene’s chief commercial officer will serve as a non-voting observer to the Acetylon board. PRESS RELEASE Acetylon Pharmaceuticals today announced that Celgene Corporation (NASDAQ: […]
People’s Liberation Inc. will raise up to $14.5 million Tengram Capital Partners through the sale of convertible debentures, preferred stock and warrants, the company announced Thursday. Tengram already has purchased $3 million of debentures from the Company, and has agreed to purchase a minimum of $11.0 million of additional debentures within the next few weeks. […]
Private equity firm KKR & Co. reported a sharp decline in fourth-quarter earnings on Thursday as a drop in carried interest, driven by mark-to-market valuations of its assets, more than offset higher fee revenue that allowed for a record dividend for 2011, Reuters reported Thursday. Net carried interest — KKR’s share of the investment profits […]
Gabbro Precision Ltd., a maker of engineering technology for oil and gas industry, has paid 10 million pounds ($15.8 million) to buy Midland Precision Ltd. Gabbro Precision is backed by Baird Capital Partners Europe. PRESS RELEASE Gabbro Precision Limited (“Gabbro Precision”), the international engineering solutions provider to the oil and gas industry, is pleased to […]
S&P Capital IQ, a business unit of publicly traded McGraw-Hill Co., has acquired R2 Financial Technologies, a provider of advanced risk and scenario-based analytics to traders, portfolio and risk managers for pricing, hedging and capital management across asset classes. Terms of the deal were not disclosed. PRESS RELEASE S&P Capital IQ, a business of The […]
Indian online retailer Flipkart has acquired rival company Letsbuy, Reuters reported Thursday. Flipkart did not disclose the value of the deal, but a person with direct knowledge of the matter said it was “somewhere in the range” of $20 million to $25 million, Reuters wrote. (Reuters) – Flipkart, India’s biggest online retailer of books and […]
American Builders Supply, a company backed by private equity firm Blue Wolf Capital, has acquired Clermont Builders. Terms of the deal were not released. Clermont Builders is based in central Florida, and supplies materials and services including lumber, doors, millwork, trusses, and wall panels. PRESS RELEASE American Builders Supply (“ABS”), the largest independent supplier of […]
Mark Tricolli has joined H.I.G. Growth Partners as a managing director. Previoulsy, Tricolli worked as a partner at Enhanced Equity Fund, a lower middle market private equity firm where he was responsible for investments in the healthcare industry. PRESS RELEASE H.I.G. Capital, L.L.C., a leading global private equity investment firm, is pleased to announce that […]
Rockland Capital is paying $30.5 million to buy bankrupt energy storage company Beacon Power Corp. The deal could help the the U.S. Energy Department to recover 70% of the money loaned to the company under a government funding program, Reuters wrote Wednesday. Beacon Power used the $39.5 million loan guarantee to help fund a $69 […]
San Francisco-based middle-market buyout shop Genstar Capital has promoted Rob Rutledge and Anthony Salewski to principal. Both were previously vice presidents with the firm. Rutledge has worked with Genstar since 2003, and previously worked in the investment banking division of Salomon Smith Barney in San Francisco. Salewski joined Genstar in 2007 and has served as […]