SFW Capital Partners has bought Spectro. Financial terms were not announced. QinetiQ Group was the seller. Littleton, Mass.-based Spectro provides instrumentation and software for machine condition monitoring and preventative maintenance. The sale was pegged at $20.5 million, a person says.
Thomas H. Lee Partners and has completed its acquisition of Sword Insurance. Dowling Capital Partners I L.P. was a co-investor in the transaction. Sword Insurance, a provider of software and services to the property and casualty insurance industry, was previously part of French-owned Sword Group. Terms were not disclosed.
Listed, California-based online retailer eBay has acquired Zong, the mobile carrier billing firm, for about $240 million, the company announced early Thursday. Zong is based in Menlo Park with offices in Geneva, Paris and Dusseldorf, and is backed by Matrix Partners, Advent Venture Partners and Newbury Ventures.
The Jordan Company, through its Resolute Fund II, L.P., has completed its acquisition of Pro Mach Inc. from Odyssey Investment Partners. Financial terms of the deal were not released. Pro Mach provides packaging machinery products and services to multinational clients in the food, beverage, household goods and pharmaceutical industries.
One Equity Partners, a private investment arm of JPMorgan Chase & Co., is paying $470 million to buy customer care and business process outsourcing services provider APAC Customer Services Inc., Reuters reported. One Equity, which manages more than $10.5 billion, plans to combine APAC with outsourcing services provider and One Equity portfolio company NCO Group, Reuters wrote.
Permira is the frontrunner to buy a collection of businesses put up for sale by telecom gear maker Alcatel-Lucent, Reuters reported Wednesday, citing sources familiar with the deal. The businesses up for sale include Genesys, which sells software for the operation of call centers and video conferencing. Permira is reportedly offering around $1.3 billion for the businesses, Reuters reported, adding that the deal process will likely last another month.
Private equity fund Capital International has put 3.3 billion rupees ($75 million) into a unit of Indian engineering conglomerate Larsen & Toubro, ahead of the unit’s initial public offering, Reuters reported. L&T Finance Holdings filed in March for an IPO of up to 17.5 billion rupees ($392 million). Of that, it planned to raise 4 billion rupees through a pre-IPO placement.
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(Reuters) – Facebook will integrate Skype video chat into its social networking service, striking a deal to cement its role as a hub for communications. The agreement, announced by Facebook Chief Executive Mark Zuckerberg at the company’s Palo Alto, California, headquarters on Wednesday, deepens its cooperation with Microsoft Corp, which is in the process of […]
Lexington Partners, the largest dedicated secondary private equity manager, closed its seventh fund at $7 billion, the investor revealed. LCP VII has been formed with commitments from over 200 institutional investors, including public and corporate pension funds, sovereign wealth funds, financial institutions, endowments, foundations, and family offices.