Dr. David J. Buckeridge was named a partner at Paine & Partners. Dr. Buckeridge has been working with Paine & Partners as an Operating Director.
Falconhead Capital is getting a dividend from denim apparel company Not Your Daughter's Jeans after three years. News of the dividend was disclosed in an announcement from LBC Credit Partners. LBC, a middle market lender, said Wednesday they were part of an $80 million loan that is being used to recapitalize NYDJ Apparel (LBC provided a $10 million senior term loan B that is part of the overall $80 million). The loan rebalances NYDJ's capital structure and provides a distribution to company shareholder's, the LBC statement said. It's unclear how big the distribution is. However, Thomson Reuters Loan Pricing Corp. says NYDJ is using the $80 million loan to pay a $48 million dividend to shareholders, which include Falconhead.
(Reuters) – Avista Capital Partners and Cinven are among four private equity firms bidding for Thomson Reuters Corp’s trade and risk management software business, Kondor, people close to the matter said. Buyout shops Bridgepoint and Montagu have also advanced to the second round of the auction of Kondor, which could fetch between $600 million and […]
JanRain, the provider of social identity management solutions for businesses, collected $15.5 million from investors including Anthem Venture Partners, DFJ Frontier, RPM Ventures, Tim Draper, and founder Larry Drebes with participation from Square 1 Bank. Emergence Capital Partners led the funding round. The company counts MTV, Tribune Co. and Dr. Pepper Snapple Group among its clients.
Confie Seguros, which is backed by Genstar Capital, said Wednesday that it has bought Family Insurance Center. Financial terms weren't announced. Las Vegas-based Family Insurance provides personal insurance lines, including auto, basic homeowners, as well as business insurance.
(Reuters) – Private equity- and venture capital-backed initial public offerings in Asia have surged 77 percent in the year to date to the highest level ever, according to the latest Thomson Reuters data, as funds look to show returns to investors ahead of new fundraisings. With investors wary after an extended period of no returns […]
Facebook has snapped up Push Pop Press, a digital publishing company formed by former Apple designer Mike Matas and Apple engineer Kimon Tsinteris. Push Pop Press is best known for partnering with Al Gore on the interactive e-book “Our Choice,” which came out earlier this year. Terms of the acquisition by Facebook were not released. The company’s founders will join Facebook, and in a blog post Push Pop said that integrating its technology into Facebook will give people “even richer ways to share their stories.”
(Reuters) – Industrial conglomerate Ingersoll Rand is in late-stage discussions with private equity firm Clayton Dubilier & Rice to sell its Hussmann refrigeration business, two people familiar with the matter said. The value was not immediately clear on Tuesday. Hussmann — which provides supermarkets and food retailers with display cases, refrigeration systems and beverage coolers […]
Backed by Anchorage Capital Group, Martinrea International Inc. has completed the acquisition of Honsel AG, a German-based supplier of aluminum components for the automotive and industrial sectors. The merged company will be known as Martinrea Honsel Group. Martinrea owns 55% of the Martinrea Honsel Group, with Anchorage owning the remaining 45%.
Chinese buyout firm Hony Capital has completed its restructuring of China Yaohua Glass Group Corp. after paying $100 million for control of the struggling glass maker, Reuters reported. The company is now owned 60% by Hony Capital and 10% by the IFC, a unit of the World Bank. The local government of Qinhuangdao, where Yaohua Glass is based, owns the remaining 30 percent stake, Reuters wrote.