Marlin Equity Partners has acquired Conduit Internet Technologies Inc., a State College, Penn.-based provider of product content management software solutions for OEM and dealer-based service organizations. No financial terms were disclosed. www.conduit-it.com
Molycorp Inc., a Greenwood Village, Colo.-based rare earth mining company, set its IPO terms to around 28.13 million common shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $1.38 billion, were it to price at the high end of its range. The company plans to trade […]
(Reuters) – Billionaire investor Nelson Peltz is seeking to raise $1.5 billion for a fund meant to buy minority stakes in public companies, Bloomberg said on Monday, citing two people with direct knowledge of his plans. Peltz, 68, who oversees New York-based hedge-fund firm Trian Fund Management LP, is marketing the investment pool as a […]
(Reuters) – U.K. bank Standard Chartered (STAN.L) on Tuesday named Taimoor Labib as new head of its Middle Eastern private equity business, as the unit will be focusing on investments in mid- to late-stage businesses. Labib was previously head of private equity at Jadwa Investment, a Riyadh-based merchant bank, and also worked for private equity […]
Energy Capital Partners has sold solar development company NextLight Renewable Power LLC to First Solar Inc. (Nasdaq: FSLR). The deal was valued at approximately $297 million in cash.
Brentwood Associates has made a "significant investment in Chamilia LLC, a Minneapolis-based maker of personalized jewelry.
GI Partners and Stag Capital Partners have formed a $200 million joint venture, to acquire individual single-tenant net leased industrial properties throughout the United States.
Mantis Deposition Ltd., a UK-based maker of deposition instrumentation for novel materials R&D, has raised £3 million investment with independent private equity specialists NVM Private Equity. Beanstalk Management served as placement agent.
MinSec Holdings Inc., a Wallingford, Penn.-based operator of community correctional facilities, outpatient programs and behavioral health treatment facilities, has raised an undisclosed amount of private equity and subordinated debt funding from Camden Partners and NewSpring Capital. The deal is structured as a recapitalization.
(Reuters) – Steve Trevor is resigning as co-head of Morgan Stanley’s (MS.N) private equity division, the latest change as the Wall Street firm overhauls its investment management unit. Morgan Stanley Investment Management chief Gregory Fleming announced Trevor’s departure in an internal memo obtained by Reuters on Monday. Trevor joined Morgan Stanley in 2007 and planned […]