O-Bieber Fever! POTUS and the kid wonder descend on NYC Oh, THAAAT Offer… Hulu hires advisers for potential deal What a Pop! EA reportedly eyes PopCap games in $1B deal Xconomy Update: On the Seattle life sciences investing scene
Publicly traded SolarWinds will pay $35 million in cash to buy TriGeo, a privately held provider of log and event management software. The deal is expected to close during the third quarter. SolarWinds is a provider of IT management software, and said that adding TriGeo’s technology will help expand into a complementary branch of IT management. SolarWinds raised more than $200 million from investors including Insight Venture Partners and Bain Capital Ventures, and went public in 2009.
Carlyle is paying 1 billion pounds ($1.6 billion) to buy the RAC roadside rescue business from Aviva, Reuters reported. Aviva said it expected to make an accounting profit of 600 million pounds from the sale. The added funds will help Aviva bolster its balance sheet as it continues to tighten focus to its main insurance and savings operations, Reuters said.
French animal feed maker Provimi, which is owned by buyout shop Permira, has seen a slew of first round offers from the likes of Cargill, China’s New Hope Group, and Dutch companies DSM and Nutreco, Reuters reported. A potential buyout of Provimi could reach as high as 2 billion euros ($2.9 billion). JP Morgan is conducting the auction. Second round bids are expected in about six weeks.
The Carlyle Group has put $25 million in to India's Visen Industries Ltd, a maker of water-based polymer emulsions, Reuters reported. Terms of the deal were not released. The firm invested from its $1 billion Carlyle Asia Growth Partners IV, which is focused on high-growth companies in India, China and Korea.
DEI Holdings has completed its deal to sell to private equity firm Charlesbank Capital Partners, the firms said in a joint statement. DEI Holdings, the electronics company that makes, among its other products, Polk Audio home theater systems, was taken private from the Pink Sheets for $4.46 per share in cash, or about $305 million. The company’s existing management will remain in place.
Merlin Media has appointed Andy Friedman to be its VP of internet initiatives. Yesterday, GTCR announced it had agreed to buy majority stakes in three radio stations from Emmis Communications. Merlin was formed to buy and operate those radio stations. Most recently, Friedman was VP of Interactive Content at Tribune.
SAN FRANCISCO, June 22 (Reuters) – Square, a start-up company seeking to change the way people pay for goods, has enlisted a board member who knows a thing or two about money. Former U.S. Treasury Secretary Lawrence Summers has joined the two-year-old San Francisco company’s board of directors, Square said on Wednesday. The move represents […]
Matthew Roe will join Crescendo Biologics as its chief business officer, the company announced. The healthcare veteran comes from Genzyme Corp., where he most recently served as senior director of business development and licensing. The company has raised £4.5 million in seed funding from life sciences investors, Sofinnova Partners, Avlar BioVentures and the Rainbow Seed Fund.
Oaktree Capital Management has made a non-controlling equity investment in Sabal Financial Group, which was formerly Milestone Asset Resolution Co. Financial terms were not announced. Newport Beach, Calif.-based Sabal specializes in the acquisitions and valuation of real estate loan portfolios.