Alan Spurgin has joined Square 1 Bank as an executive vice president of technology banking.
Global Equity Capital has agreed to buy Halifax Corp. of Virginia (OTC BB: HALX), a provider of enterprise logistics and maintenance solutions, for $1.20 per share.
China Medicine Corp. (OTC BB: CHME), a medicine and neutraceuticals distributor, has agreed to sell $69.6 million worth of common shares and redeemable convertible preferred shares to One Equity Partners. The PIPE represents OEP's first investment in Greater China.
Clay Shumway has joined Dallas-based Highland Capital Management as a director of business development. He previously was VP of business development and investor relations for Newcastle Capital Management.
(Reuters) – U.S. private investment firm Horizon Asset Management Inc named Douglas Kramer, a former partner at Goldman Sachs (GS.N), as chief executive. “Doug will oversee all of our firm’s non-investment functions and its strategic business development,” Horizon Chairman Murray Stahl wrote in a letter to clients on Wednesday. Kramer, who left New York-based private […]
First Reserve Corp., a private equity firm focused on the energy sector, has promoted Anastasia Deulina to director. She joined the firm in 2007, after having served as a vice president with both Goldman Sachs and Merrill Lynch. PRESS RELEASE First Reserve Corporation, the largest and leading energy industry private equity and infrastructure investor, today […]
Intergraph, a provider of enterprise engineering software to the process, power and marine industries, has acquired Coade Inc., a Houston, Texas-based provider of plant design and engineering software for the process industries. No financial terms were disclosed. Intergraph was taken private in 2006 by Hellman & Friedman and TPG Capital. Coade sold a majority stake in 2007 to Insight Venture Partners.
NEW YORK (Reuters) – The U.S. Pension Benefit Guaranty Corp said on Wednesday it has taken over responsibility for underfunded pensions of sportswear retailer Eddie Bauer Inc. The plan, which covers more than 1,800 former workers and retirees, was 58 percent funded, with $29.8 million in assets to cover $51.4 million in benefit liabilities, the […]
NEW YORK (Reuters) – Life insurance company Symetra Financial Corp set the terms of its initial public offering on Wednesday, lowering the overall value of the deal from its October filing and signaling that it is likely to price soon. The company, which sells group health, retirement and life insurance, and employee benefits, said that […]
Greyrock Capital Group has closed its second mezzanine and junior capital fund with $122 million in capital commitments.