That Was Fast: Google sued for trade secrets, as it opens up a new mobile pay biz Bing! No, not the search engine—the VC (who sits for an interview with Old Grey) Hey, Good Lookin’: High school shots of the current top crop of GOP presidential candidates Brother, Could You Spare a Few Bil? The argument for QE3
Six months after snagging Time Out’s London business, Oakley Capital has acquired a majority stake in the publisher’s New York business, paying 14.2 million pounds ($23 million), Reuters reported. In November, Oakley Capital had bought a 50% stake in Time Out London, the official travel guide for the 2012 Olympics, for 11.3 million pounds, Reuters wrote. It now owns 65.7% of the New York business, and plans to expand the company’s reach to 50 cities.
Buyout shop Thomas H. Lee Partners has acquired Sword Insurance, a provider of software and services to the property and casualty insurance industry, from French-owned Sword Group. The deal is expected to close next month. Terms were not disclosed.
Charterhouse Capital Partners is taking a majority stake in the global environmental consultancy Environmental Resources Management. Under the terms of the transaction, which values ERM at $950 million, Charterhouse, s a private equity investment firm focusing on Western European businesses, will acquire roughly a 65% stake. PRESS RELEASE: Environmental Resources Management (ERM), the world’s leading environmental […]
VPS Convenience Store Group, a Wilmington, North Carolina-based affiliate of Sun Capital Partners, has acquired Virginia Oil Company, a fuel wholesaler and operator of 17 convenience stores in western Virginia, primarily in Charlottesville. Terms of the deal weren’t disclosed. PRESS RELEASE: Sun Capital Partners, Inc, a leading private investment firm specializing in leveraged buyouts and […]
SAN FRANCISCO, May 25 (Reuters) – Startup firms that make games and other applications for Apple Inc devices are increasingly being wooed by companies looking to buy an instant foothold in the rapidly growing mobile market, said the manager of a fund that invests in smartphone app makers. The mergers and acquisitions market in the […]
Sagent Advisors said Thursday that it has launched a financial institutions group. Simon Adamiyatt, Steven Dykeman and Francis Greco have joined Sagent and will lead the FIG group. The three execs, all MDs, will be based in New York.
VANCOUVER, May 26 (Reuters) – The Alberta Investment Management Corp could spend as much as C$700 million ($715 million) on private equity acquisitions in the next 12 months, and as much as C$2 billion in the next three to four years. AimCo’s chief executive, Leo de Bever, told Reuters he was currently looking at as […]
Buyout shop Oak Hill Capital Partners will acquire cloud services company Intermedia.net Inc. Terms of the deal were not released. As part of the deal, Phil Koen, former chief executive of Savvis Inc., will join Intermedia as the new chairman and chief executive. Formed in 1995, Intermedia provides cloud-based business-class email services to small and medium-sized businesses. The transaction is expected to close during the second quarter. UPDATE: Aaron Hill, Jason Stack, Adam Chewning, Chris Fritz and Annie Wang of Stifel Nicolaus Wiesel provided financial advice to Intermedia.
NEW YORK, May 26 (Reuters) – Hedge fund manager David Einhorn is playing ball with the New York Mets and on the verge of buying a minority stake in the cash-strapped Major League baseball team for $200 million. Einhorn, the manager of Greenlight Capital, is in “exclusive” talks with Mets ownership led by real estate […]