Jupitermedia Corp. (Nasdaq: JUPM) has completed the sale of its online images business to Getty Images Inc. for $96 million in cash. Hellman & Friedman took Getty private last year for $2.3 billion.
Metals USA Holdings Corp., a portfolio company of Apollo Management, has acquired substantially all of the operating assets of VR Laser, a Philadelphia-based metal processor of carbon plate products. Mo financial terms were disclosed. Metals USA is in registration for a $200 million IPO.
First Nations Capital Partners has acquired Able Card Corp., a Duarte, Calif.-based maker of plastic cards. No financial terms were disclosed. This is the first transaction for FNCP, which was formed last year as the nation’s first Native American tribe-controlled private equity fund.
FdG Associates has acquired a majority stake in Joseph B. Fay Co. No financial terms were disclosed, except that the deal was worth less than $100 million. Joseph B. Fay is a Russellton, Penn.-based provider of construction services for hard-to-reach infrastructure.
Apax Partners has sold a 7.7% stake in its management company to Singaporean sovereign wealth fund unit GIC Special Investments and Australia’s state workers pension fund Future Fund. The deal sees the UK private equity firm secure a source of permanent capital to invest in its buyout funds. Apax was keen to stress that unlike […]
Jon Moulton’s Alchemy Partners, which tried to buy Rover a few years, has ruled out for the time being his private equity group making a bid for UK white van maker, LDV, or investing in it alongside the European Investment Bank (EIB). “Nobody’s asked us from the company or EIB. So, at the moment, it […]
HONG KONG (Reuters) – British private equity firm 3i Group Plc (III.L) said on Tuesday that an infrastructure fund under its management had invested $161 million in a stake in India’s Krishnapatnam Port Company Ltd (KPCL). The fund, 3i India Infrastructure Fund, managed by 3i Group, has taken a minority stake in the deep-water port […]
FRANKFURT, Feb 24 (Reuters) – Daimler (DAIGn.DE) is open to any third party interested in its 19.9 percent Chrysler stake and unlikely to buy back its shares in the medium term, the German carmaker’s finance director said. “If an interesting offer were made to us, then we would not wait for our remaining stake to […]
Marlin Equity Partners has acquired the assets of the Qwik+Cross Medicare crossover business from HDM Corp., an Omaha, Neb.-based provider of healthcare administration solutions. Qwik+Cross provides clearinghouse services for Medicare claims to supplemental insurance carriers. www.marlinequity.com
Update: NY Times is reporting that Hilco and Gordon Bros. have withdrawn their bid. NEW YORK (Reuters) – Liquidators Hilco Merchant Resources LLC and Gordon Brothers Retail Partners were named as the lead bidder in a bankruptcy auction on Monday for U.S. luxury retailer Fortunoff Holdings LLC, according to a person with knowledge of the […]