Jo-Ann Stores said Monday that Travis Smith was promoted to CEO effective immediately. Smith is replacing Darrell Webb, who became interim CEO of Sports Authority today after David Campisi resigned. Webb will retain his position as chairman of Jo-Ann's board. Jo-Ann and Sports Authority are both owned by Leonard Green & Partners.
ADERANT, which is backed by Vista Equity Partners, has completed its buy of CompuLaw. Financial terms weren't disclosed. Los Angeles-based CompuLaw provides automated court rules-based legal calendaring software. News of the deal was disclosed by Clear Capital Advisors, which provided financial advice to CompuLaw.
Warburg Pincus confirmed Monday that Charles Carmel has joined as an MD in its San Francisco office. Carmel recently served as Cisco Systems' VP of corporate development. My coworkers at Thomson Reuters said Carmel was Cisco's top dealmaker and led the tech giant's acquisitions of WebEx and Scientific Atlanta. Before joining Cisco in 2001, Carmel was at Goldman Sachs, where he was a member of the technology investment banking group. Pat Hackett, who heads Warburg's technology, media and telecommunications group, said in a statement that he's pleased Carmel is joining the buyout shop. "Charles’ experience and expertise in venture capital, M&A and technology are an excellent fit with Warburg Pincus’ growth-oriented approach to investing," he said.
DeltaPoint Capital Management said Tuesday that Kevin Halpin was named MD while Jason Hall was promoted to VP. PRESS RELEASE DeltaPoint Capital Management, LLC is pleased to announce that Kevin M. Halpin has been promoted to Managing Director, and Jason R. Hall has been promoted to Vice President. Kevin M. Halpin Managing Director Mr. Halpin […]
IWP International is selling Polbita Sp. zo.o, which owns and operates Drogerie Natura, to Interchem. Financial terms wasn't announced. IWP is a portfolio company by Strategic Value Partners . Drogerie Natura is a Polish personal care retail chain.
Lovell Minnick Partners is buying First Allied. The seller is Advanced Equities Financial Corp. Financial terms weren't announced. The deal is expected to close in fourth quarter. First Allied is a broker-dealer based in San Diego that has about 1,000 financial advisors. Lovell Minnick is a PE firm that targets financial services.
David Campisi has resigned as CEO and president of Sports Authority. David Webb was named interim CEO at the Sports Authority, which is backed by Leonard Green & Co.. Sports Authority, of Englewood, Colo., is a sporting goods retailers.
Siris Capital Group, the private equity firm that spun out of SAC Capital earlier this year, is expecting to hold a first close of around $150 million sometime in September, two sources familiar with the fundraising campaign told sister magazine Buyouts. Commitments are expected from several limited partners with programs dedicated to finding promising new […]
MocoSpace, the social gaming and entertainment company, has added another $1 million to fund HTML5 development of mobile games. Specifics of the financing, which will be used to develop apps for Google and Apple stores, were not publicized. This brings the company’s fund to $2 million.
Sustainable Technology Investments Group, the investment manager founded by Gordon Power and Stephen Lansdown, has made a strategic investment in Sustainable Development Capital. Power will join SDC’s board. Specifics of the investment were not publicized.