Morgan Stanley Private Equity Asia will invest $100 million in China XD Plastics Co., LTD, a maker of modified plastics for the automotive industry. Based in Harbin, China, the company is listed on Nasdaq. MSPEA will get a pair of board seats as part of the transaction. There are currently 70 auto brands that use China XD parts, including Audi, BMW, Toyota and Mazda
Centre Lane Partners has acquired the Merit Group, a Spartanburg, S.C.-based supplier of paint sundries. Centre Lane is paying $46 million for Merit, which filed a voluntary Chapter 11 petition on May 17, 2011. News of the sale was disclosed by Morgan Joseph TriArtisan which advised Merit in its sale.
Socialware, the Austin, Texas-based social media management firm, has netted a $7 million Series C from Morgan Stanley Expansion Capital. The company, led by Chad Bockius, has taken about $12 million from investors including Silverton Partners, Floodgate Fund and G-51 Capital.
Dr. Lucy, the maker of gluten-free cookies, based in Norfolk, Va., will take its second in a series of capital investments from LaSalle Capital Group II-A LP. The company makes cookies without wheat, gluten, dairy, butter, eggs, casein, peanuts or tree nuts. Specifics on the deal were not publicized.
(Reuters) – U.S. investment bank Goldman Sachs Group Inc and Canada Pension Plan Investment Board have decided to join private equity firm MBK Partners in a bid for Woori Finance Holdings Co Ltd, the country head of MBK Partners said. Yoon Jong-ha told Reuters in an interview that in the race for South Korea’s biggest […]
BuyWithMe, the Boston-based daily deals site, acquired ScoopSt, the New York-based daily deals site. Specifics of the transaction were not publicized. Lately, BuyWithMe has grown via M&A, including deals to acquire Groop Swoop, DealADayOnline and LocalTwist. BuyWithMe is backed by VCs Bain Capital Ventures and Matrix Partners.
SironRX Therapeutics, the Cleveland-based regenerative therapies company for dermal and bone healing, completed a $3.4 million Series A round led by North Coast Angel Fund and including Cleveland Clinic, JumpStart Inc., Fletcher Spaght Investments, Glengary LLC, Ohio Tech Angel Fund III, Early Stage Partners, X Gen Ltd. and a significant number of individuals.
Mitch Hill will join Opscode as CEO, succeeding Jesse Robbins in that role. Robbins has moved to a role as the company’s chief community officer. Opscode, based in Seattle, is backed by Draper Fisher Jurvetson and Battery Ventures.
WhaleShark Media Inc., operator of online coupon and deal sites, used a subsidiary to acquire European eConversions Ltd., an operator of coupon sites in Germany and the UK. The Texas-based company is backed by Austin Ventures, Norwest Venture Partners, Adams Street Partners and Google Ventures.
Nido Quebin, president of High Point University, has been elected to the board of directors of Cleveland-based Dots LLC, a fashion retailer included in the portfolio of private equity firm Irving Place Capital. Quebin’s other governance positions include board seats with BB&T and La-Z-Boy.