Philadelphia-based private equity firm LLR Partners will acquire Paragon Technology Group, a provider of tech solutions to public sector clients. Specifics of the transaction were not publicized, but Scott Friedlander has been appointed President and CEO of the company following LLR’s investment in the company. Some equity will be distributed among the firm’s employees, executives and founders.
Usergrid, the mobile app building cloud service, has been acquired by California-based Apigee, the provider of API management products. Usergrid founder and CEO Ed Anuff has joined Apigee's leadership team, where he will continue to guide the development of Usergrid software. Specifics of the deal were not publicized.
Switzerland’s Capital Dynamics has acquired a 64-megawatt portfolio of UK landfill gas assets across England, Scotland and Wales, it announced Wednesday. The asset manager did not release terms of the deal.
MidOcean Partners has led a recapitalization of Jones & Frank, a provider of equipment distribution, repair, maintenance and installation services for the fueling infrastructure industry. BB&T Capital Partners and management remain minority investors in the business. Jones & Frank is based in Raleigh, North Carolina.
Olympus Capital has invested 5 billion rupees (about $98.7 million) for a “significant minority stake” in Indian healthcare firm, DM Healthcare Pvt Ltd., Reuters reported. DM Healthcare operates medical centers, hospitals and pharmacies in the Middle East as well as secondary and tertiary care hospitals in India, Reuters wrote. Veda Corporate Advisors was the advisor to DM Healthcare on the transaction.
Abu Dhabi private equity firm Gulf Capital has attracted nearly a dozen initial bids for its Gulf Marine Services unit (GMS), two sources told Reuters earlier today, with a sale seen generating around $500 million. Gulf Capital, which has around $1 billion of assets under management, is planning to exit two investments in 2012, including GMS, […]
Publicly traded Mentor Capital, a San Diego-based firm that acquires and invests in “leading-edge” cancer companies, has agreed to pay $5 million for a 50 percent ownership stake in Houston-based Brighter Day Health, pending shareholder approval. Brighter Day provides face-to-face doctor interaction through secure computer video set-ups for health care delivery at nursing homes and […]
(Reuters) – The shares and options of Sears Holdings Corp rose on Tuesday on speculation the operator of Sears department stores and the Kmart discount chain could go private. “There is a rumor that Bruce Berkowitz of Fairholme and Eddie Lampert could take Sears private,” Jon Najarian, a co-founder of online stock, options and futures […]
Kohlberg Kravis Roberts & Co. has raised its first $100 million or so to support its new lending strategy. After Buyouts reported last week that the firm was redoubling its efforts in the upper-mid-market senior lending business (subscribers click here; see the Reuters version of the story here), following the close in October of a […]
The National Multi-Commodity Exchange of India is in talks with private equity firms to raises 300-350 million rupees to comply with minimum capital rules, Reuters reported Tuesday. The exchange is India’s fourth largest, and currently has equity capital and reserves of 650-700 million rupees. Names of potential private equity backers were not released.