Wellesley, Mass.-based Trillium Capital said Thursday that it had submitted a proposal to buy Stream Global Services Inc. The firm offered $4.65 per share in cash, plus assumption or replacement of its $200 million high yield bonds due 2014, the firm said in a written release. Stream Global provides business process outsourcing services. Kaufman Bros. is Trillium’s financial advisor on the deal.
Jones Group Inc. has acquired UK-based luxury shoe retailer Kurt Geiger from buyout shop Graphite Capital, Reuters reported Thursday. The deal is valued at about $350 million, including assumption of debt, Reuters said.
Artel Inc., a provider of in information technology and managed communications network services, said Thursday that it had inked an equity investment from Torch Hill Investment Partners and TPG Growth – the middle market and growth capital platform of TPG Capital. Terms of the deal were not disclosed. Artel provides secure, high-reliability satellite and terrestrial communications solutions to government and commercial customers.
The Canada Pension Plan Investment Board paid $482 million for a 50% stake in a shopping mall near Melbourne, Reuters reported Thursday. The Canada Pension Plan will partner with Australia's Colonial First State Retail Property Trust, which owns the remaining 50% stake, to manage the center. This is the third such deal for CPPIB in recent weeks. In mid-May, the board said that it paid $386 million for a 50% stake in a German shopping and leisure center. At the same time, it bought 36.9% of Mayflower partnership, which owns a portfolio of 13 regional malls located in the United States.
New Mountain Capital has completed its majority investment in SymphonyIRI Group Inc., the company announced Thursday. Terms of the investment were not released. SymphonyIRI Group, formerly named Information Resources, provides software for market measurement and software and services designed to provide growth opportunities in marketing, sales, shopper marketing and category management. Jefferies & Company and BofA Merrill Lynch acted as financial advisors to SymphonyIRI.
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The Gores Group is in talks to buy more than half of the remaining stores of bankrupt bookseller Borders Group Inc., Reuters reported, citing a story in the Wall Street Journal. Borders, which filed for Chapter 11 bankruptcy protection in February, would be able to continue operating as a going concern, Reuters wrote. Since filing for bankruptcy, Borders has closed about 225 of its 500 stores.
Sorgenia, an Italian energy company, and KKR have formed a partnership to produce wind energy in France. Partners Group AG is expected to co-invest. KKR and Sorgenia will have an equal share in the JV and Sorgenia will manage the operations. The JV will be comprised of wind parks already built by Sorgenia, with net capacity of approximately 153 MW as well as wind parks with net capacity of 95 MW.
LivingSocial, one of the leading U.S. online daily deals operations, expanded into Europe with the acquisition of French daily deal site Dealissime.com. The transaction brings to 13 the number of countries in which LivingSocial operates. Specifics of the transaction were not publicized. Among LivingSocial’s backers are Grotech Ventures, Steve Case, US Venture Partners, Lightspeed Venture […]
Cross Atlantic Partners has invested in Rootstock Software. Financial terms weren't announced. Rootstock, of San Ramon, Calif., is a SaaS provider of manufacturing enterprise software for middle market manufacturers. Radnore, Pa.-based Cross Atlantic is a VC firm with over $500 million under management.