(Reuters) – Facebook is looking to hire a big-name executive to cultivate relationships and strike deals with the film and music industries to bolster its media offerings. In recent months, Facebook had discussions with former MySpace co-President and former MTV executive Jason Hirschhorn about a job spearheading the company’s outreach to media companies, according to […]
Blythe Jack has joined TSG Consumer Partners as a principal. Jack will be headquartered in San Francisco and will focus mainly on originating new investment opportunities, enhancing the sourcing capabilities of the broader TSG team. She previously spent 10 years at Rosewood Capital and, most recently, was CEO of Cahootie.
(Reuters) – Google Inc has enlisted Visa Inc in its effort to push mobile payments, striking an agreement to allow Visa account-holders to pay for store purchases with their smartphones. Visa comes onboard a “Google Wallet” project already supported by Citigroup, MasterCard, Sprint Nextel Corp and First Data. In May, the group announced a trial […]
Summit Partners has completed its investment in CareCentrix Inc., a provider of home healthcare benefits management services. The funding is designed to fund continued growth and development of new products. Water Street Healthcare Partners, which bought the company in 2008, will continue to hold a stake going forward. Specific terms of Summit’s investment were not released.
MyHeritage.com, a site that combines social networking with family tree data, has acquired BackupMyTree, a free and automatic backup service for family tree data. The deal is the sixth acquisition for MyHeritage.com, which is backed by Accel Partners and Index Ventures.
(Reuters) – An $80 million investment in a Chinese baby diaper producer normally wouldn’t generate much buzz. But last week’s deal for AAB China was interesting for a few reasons, among them the involvement of Richard Ong’s new $2.3 billion private equity fund. The deal shows that private equity firms, like Ong’s RRJ Capital, are […]
Ventizz Capital Fund IV L.P. has acquired a majority stake in the Bavarian Thomas-Krenn AG. The fund bought its stake from company founders Thomas Krenn and Max Wittenzellner and from BayBG, a Bavarian private equity company. Terms of the deal were not released. Thomas-Krenn was formed in 2002 and develops server technology and hosting services.
Blackstone is working with Prestige Brands of America to bid on a portfolio of over-the-counter drugs owned by GlaxoSmithKline, Reuters reported. The deal is worth a reported 2 billion pounds ($3.1 billion), according to the Times. GlaxoSmithKline recently put up for sale several businesses marketing over-the-counter products.
Bahrain-based Investcorp has acquired U.S. kitchenware retailer Sur La Table from the Behnke family and investment firm Freeman Spogli & Co., Reuters reported Tuesday. Terms of the deal were not released. Sur La Table is based in Seattle and has about 86 stores across the country. The Behnke family and Freeman Spogli & Co. remain investors in the company, though their stakes were not disclosed.
Infinisource Inc., a provider of benefits administration technology and services has inked a majority equity investment from Accel-KKR, the company announced Monday. The added capital will be used to expand its suite of products and fuel growth efforts. As part of the deal, Gary Trainor, a former division president at both ADP and First Data, will become chief executive. Gary Hart will continue as president of the company. Terms of the deal were not released.