NPC International Inc., a Lenexa, Kan.-based franchisee and operator of Pizza Hut franchises, has agreed to acquire 99 Pizza Hut units from Colonial Foods LLC for $35 million. NPC was acquired lin 2006 by Merrill Lynch Global Private Equity, and now operates 887 Pizza Hut restaurants and delivery/carryout units in 24 states. PRESS RELEASE […]
Ausra, a Palo Alto, Calif.-based developer of a utility-scale solar thermal power plant, has raised around $25.4 million in Series C funding, according to a regulatory filing. KERN Partners was joined by return backers Khosla Ventures and Kleiner Perkins Caufield & Byers. www.ausra.com
Aureos Capital has sold its stake in Shelys Africa Ltd. to Aspen Pharmacare Holdings of South Africa for an undisclosed amount. Shelys is a maker and distributor of OTC pharma products in East and Central Africa. PRESS RELEASE Aureos Capital's East Africa Fund has successfully sold its stake in Shelys Africa Limited to […]
Rhino Resources Inc., a Lexington, Ky.-based coal company backed by Wexford Capital, has reduced its IPO price range from $16-$18 per share to $11-$12 per share. It still plans to offer 10 million common shares, and trade on the NYSE. Morgan Stanley and Lehman Brothers are serving as co-lead underwriters.
Reader's Digest, a portfolio company of Ripplewood Holdings, has agreed to sell QSP Inc. to Time Inc. for $110 million in cash. QSP provides fundraising services for schools and youth groups. PRESS RELEASE Time Inc. and The Reader's Digest Association, Inc., today announced that they have entered into a definitive agreement for Time Inc. […]
Country Road Communications LLC, a telecom services company owned by Abry Partners, has agreed to sell three subsidiaries to Otelco Inc. (Nasdaq: OTT) for just over $101 million. PRESS RELEASE Otelco Inc. (NASDAQ:OTT) (TSX:OTT.un) today announced it has entered into a Stock Purchase Agreement (the “Agreement”) with Country Road Communications LLC. Country Road […]
ReCellular, a Dexter, Mich.-based cell phone recycling firm, has raised $15 million in Series A funding from Investor Growth Capital. PRESS RELEASE ReCellular (http://www.recellular.com), the world's leading cell-phone recycling firm, announced today that Investor Growth Capital (IGC) (http://www.investorgrowthcapital.com) is investing $15 million in a Series A Preferred Stock financing. The investment adds a growing clean-tech […]
Nokeena Networks, a Menlo Park, Calif.-based video delivery startup, has raised $8.7 million in Series A funding. Clearstone Venture Partners and Trinity Ventures co-led the round, which was first reported by The Deal. Angel backers include B.V. Jagadeesh (CEO of 3Leaf Systems), Raj Singh (Redwood Venture Partners) and Rajeev Motwani (Stanford computer science professor). […]
Morid Kamshad has joined Duff Capital Advisors to lead a newly-formed financial services investment team. He previously was a portfolio manager with Pequot Capital Management. Also joining the team is Montserrat Farina, who previously was an I-banking associate within the financial institutions group of JPMorgan. PRESS RELEASE Duff Capital Advisors LP (DCA), an […]
Jose Rivero has joined Symphony Technology Group as a managing director and operating partner. He previously was with Accenture, as global managing director of the firm's Custom Business Process Outsourcing Services division. PRESS RELEASE Symphony Technology Group (STG), a strategic holding company and private equity investor in enterprise software and services businesses, today announced […]