Private equity investment in technology surged in second quarter. There were 777 tech M&A deals in second quarter valued at $52.1 billion. This is nearly double the value of the 628 deals that occurred in Q2 of last year that totaled $30.8 billion, according to Ernst & Young's "Global Technology M&A Update." PE showed a marked rise in transaction values. There were 76 PE-backed tech deals in Q2 valued at $8 billion. This is up 60% from the 51 deals in Q2 2010 that totaled $5 billion.
New York Life Capital Partners, the private equity arm of the insurance company, is halfway done raising its third mezzanine pool, a planned $1 billion fund, a person familiar with the activity told sister publication Buyouts. New York Life Mezzanine Partners III would be a step up from its predecessor, which closed in 2007 with […]
(Reuters) – Shadows that started to fall over the pitch books of European dealmakers in the second quarter are darkening, threatening to rob banks of a few billion dollars in potential M&A fees. As rumors swirled this week about a French downgrade and riots spread across British cities, bankers said European M&A would probably only […]
Rowmark LLC, the portfolio company belonging to Connecticut-based private equity firm Clearview Capital, will acquire Southtech Plastics, the North Carolina-based company. Specifics of the transaction were not immediately publicized. Southtech will be integrated into Rowmark under the division Southtech Decorative Laminations.
(Reuters) – Facebook is not the only game in town anymore. The world’s largest Internet social network moved on Thursday to shore up support with game developers such as Zynga, who provide one of Facebook’s biggest draws, on the same day that Google Inc introduced games on its recently-launched social network. With the two Web […]
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Goldman Sachs is likely to invest about 600 billion won ($555 million) in South Korean private equity fund MBK Partners in its bid for Woori Finance Holdings, Reuters reported this week. The second round of bidding for Woori will close on August 17. Competing local firms TStone and Vogo Fund are also in the running.
Ares Management, an L.A.-based alternative asset manager, has acquired the investment platform of Wrightwood Capital, a provider of debt capital to the U.S. commercial real estate sector. The terms of the transaction were not disclosed, but as part of the deal, more than 40 Wrightwood employees have joined the Ares Private Debt Group to focus on […]
Cambium Learning Group, a Dallas-based, publicly traded education company focused primarily on at-risk and special student populations, announced today that its majority shareholder, the New York-based private equity firm Veronis Suhler Stevenson, is exercising its subscription right to acquire an additional $20 million of common stock in the company. On Tuesday, Cambium reported net income […]
Today, for the umpteenth time, various media outlets got into a huff over the fact that a very small percentage of Zynga’s users make up the biggest portion of its revenue. It wasn’t new news, but what was news is that Zynga restated its revenue to correct an error, adjusting it north three percent. However, […]