JAM Distributing Co., a distributor of lubricants, fuel and other products, has been acquired by North Carolina-based private equity firm Ridgemont Equity Partners. Specifics on the deal were not publicized. JAM is based in Houston.
Frontier Capital has exited its investment in Azaleos Corporation, a provider of managed email, collaboration and unified communications services. The company was acquired by Avanade, a subsidiary of Microsoft Corporation. Terms were not disclosed. Azaleos is based in Seattle.
LaSalle Capital Group is putting an undisclosed amount into Impex Global, a distributor of specialized films used in the packaging industry. The Company's founder and CEO, Ash Shah, will continue to lead Impex, the company said. Terms of the investment were not released. Impex is based in Houston.
Russian state technology firm Rusnano, alongside a group of investors, is investing $93 million in three U.S.-based pharmaceutical firms to develop drugs to treat illnesses such as epilepsy, Reuters reported Wednesday. Rusnano is making the investment with U.S. venture capital fund Domain Associates and other investors. Rusnano partnered with Domain in March with plans to invest around $760 million in U.S. healthcare and parmaceutical firms to bring new drugs to the Russian market.
Rocky Mountain Chocolate Factory Inc. on Wednesday said there were "numerous issues" with a supposed takeover offer from PST Capital Group Ltd., revealed in a securities filing, Reuters wrote. Rocky Mountain said it received a letter from PST with the address on the envelope handwritten. It was addressed to the chairman of the board, whose name was misspelled. Furthermore, Rocky Mountain said the return address listed a law firm that, when contacted, said it did not represent PST.
German utility E.ON is to sell a majority stake in its waste-burning unit to private equity firm EQT, disposing of a non-core assets to cut debt, Reuters reported. E.ON said on Wednesday it would sell its Energy from Waste unit to a newly formed joint venture with EQT Infrastructure II, a fund belonging to EQT, the private equity firm backed by Sweden's Wallenberg family. E.ON, Germany's largest utility, will hold 49 percent in the joint venture, while EQT Infrastructure II will own the remainder.
Angelo, Gordon & Co. has acquired ClearBalance Holdings, a company that provides healthcare patients with interest-free loans to pay their healthcare bills. Terms of the acquisition were not released. ClearBalance was founded in 1992 and is based in San Diego.
Belgian visual technology company Barco said on Wednesday it had acquired a majority stake in a Norwegian projection technology firm to help it push deeper into the mid-sized segment of the projection market. Barco, whose main growth engine in recent years has been digital cinema projectors, said it had bought a 61 percent stake in projectiondesign from private equity firm Herkules Capital. The remaining shares are held by minority shareholders. Terms were not released.
Baird Capital Partners Asia, the China-focused investment group of Baird Private Equity, has invested an undisclosed amount in Boston Plastics, a high precision plastic injection molding and sub-assemblies company based in Singapore. Terms were not disclosed.
The GFI Energy Group of Oaktree Capital Management has acquired Shermco Industries Inc., a provider of testing, maintenance, repair, engineering, training and commissioning services for low, medium and high voltage electrical equipment. Terms of the deal were not disclosed. Oaktree is a Los Angeles-based firm.