Seguin Partners has acquired a majority stake in B2B publisher CFO Publishing, with seller the Economist Group retaining a minority position. No financial terms were disclosed. The Jordan, Edmiston Group advised Economist Group on the deal.
A Q&A with an Anonymous Facebook Employee: "I'm not sure when exactly it was deprecated, but we did have a master password at one point where you could type in any user's user ID, and then the password. I'm not going to give you the exact password, but with upper and lower case, symbols, numbers, all of the above, it spelled out ‘Chuck Norris,' more or less."(The Rumpus) Walking Away: Voluntary defaults by homeowners are a new phenomenon. It's being called irresponsible. Businesses - in particular Wall Street banks - make such calculations routinely. What's the difference? New York Times sums up the debate nicely. (NYT) That's Mr. Comptroller to You: John Liu, New York's new comptroller, is being called a prima donna, thanks to some new presidential-like formalities he's implemented. (Ny Post) Wonder Women: The 49 Most Notable Female Internet Heroes of 2009. (The Next Women) Indefensible? The Street.com says that defense companies' best days are over. (The Street) Servicey: Best places to power lunch in New York. (Clusterstock)
NEW YORK (Reuters) – Bidders for Dow Chemical Co’s (DOW.N) Styron unit have been asked to reconfirm their interest on Monday in order to narrow the field of buyers, sources familiar with the matter said. Dow, the No. 1 U.S. chemicals company, put Styron up for sale in July and said at the time the unit […]
Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below. The CEO of Jumptap Inc., a mobile advertising company which competes with the recently acquired Quattro Wireless, said it “has been approached by potential buyers and is open to being acquired if the price is right.” The company is not actively seeking a buyer. Sierra Geothermal Power Corp. continues to explore strategic alternatives that include a sale of the company and equity financings amid a proxy war with a “concerned shareholder.” Sierra is a renewable energy company focused on the exploration and development of clean, sustainable geothermal power based in Vancouver, British Columbia and listed on the TSX Venture Exchange. Phoenix Technologies, a software company based in California, hired GrowthPoint Technology Partners to “explore strategic alternatives” for its FailSafe, HyperSpace and eSupport businesses.
TA Associates has acquired a majority stake in eCircle, a Munich, Germany-based provider of email marketing solutions, for more than €60 million.
Kellwood Co., a clothing maker owned by Sun Capital Partners, has acquired ISIS, a maker of women's performance and casual apparel. No financial terms were disclosed.
Baird Venture Partners has acquired a "significant minority interest" in Fellon-McCord, a Louisville, Ky.-based energy consulting and management company. No financial terms were disclosed.
Platinum Equity has won the majority of assets of Genmar Holdings Inc., a Minneapolis-based boat manufacturer, via a bankruptcy auction. Platinum will pay $70 million.
TeamHealth, a Knoxville, Tenn.-based provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers, has acquired Anesthetix Management LLC, a Palm Beach Gardens, Fla.-based provider of anesthesiology and pain management services. No financial terms were disclosed. TeamHealth is owned by The Blackstone Group, and is in registration for a $100 million IPO. Anesthetix Management raised private equity funding in 2006 from Summit Partners.
LONDON (Reuters) – British entrepreneur Richard Branson’s Virgin Money has approached U.S. private equity firm Blackstone (BX.N) to seek backing for a new bid for the state-owned British bank Northern Rock, the Daily Telegraph reported on Monday. Virgin has held talks with Blackstone and other companies during its search for a partner to help it […]