TopTenReviews, an Ogden, Utah-based provider of expert tech and entertainment reviews, has acquired the consumer media division of Imaginova Inc. No financial terms were disclosed for the deal, which includes Space.com, LiveScience.com and Newsarama.com. TopTenReviews raised $6 million in 2007 from Highway 12 Ventures and Village Ventures.
ATHENS/LONDON (Reuters) – The list of bidders for Greek mobile operator Wind Hellas was whittled down to two on Monday, with only the current owner and a group of bondholders left in the running to bail out the debt-laden company. Wind Hellas, which must agree a debt restructuring deal with lenders — owed 3.2 billion […]
DUBAI (Reuters) – Abraaj Capital, the Middle East’s biggest private equity firm, is in advanced talks to invest in a logistics firm, and is setting up a new fund worth at least $2 billion to exploit attractive valuations, its managing director said on Monday. “Right now we do have some transactions at very advanced stages […]
NEW YORK (Reuters) – A group of Blackstone Group LP (BX.N) investors has appealed the dismissal of their class-action lawsuit seeking to hold the private equity firm responsible for their losses on its stock. The appeal to the U.S. Court of Appeals for the Second Circuit came after Judge Harold Baer of Manhattan federal court […]
Ares Capital Corp. (Nasdaq: ARCC) has agreed to acquire Allied Capital Corp. (NYSE: ALD). The all-stock deal is valued at $648 million, or approximately $3.47 per Allied share (27.38% premium to Friday's closing price).
Andrew Bonnano has joined Kohlberg & Co. as managing director of business development. He previously was VP of business development for American Capital's New York-based buyouts team.
Jonathan Bloom has joined Ropes & Gray LLP as a London-based partner in the law firm's debt financing practice. He previously was a partner in the high yield practice of White & Case.
Builders FirstSource Inc. (Nasdaq: BLDR), a residential construction company, has agreed to a recapitalization that would include a $205 million common stock rights offering and debt exchange. The offering would be backstopped by existing shareholders JLL Partners and Warburg Pincus, which hold a combined 49.9% stake.
Krokus Private Equity has acquired a 44% stake in Polmed, a Polish operator of outpatient clinics. No financial terms were disclosed. www.polmed.pl
MidOcean Partners has acquired The Allant Group, a New York-based provider of marketing optimization solutions for the Fortune 100. The deal is being done in partnership with Allant management.