Traxpay closes $15 mln series B

Traxpay, a B2B payment business, has closed $15 Million in series B funding. The oversubscribed round was led by the corporate incubator of Commerzbank and Software AG with existing investors Earlybird Venture Capital and former senior Apax partner, Michael Phillips of Castik Capital Partners, also participating in the round.

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Top 10 posts: private equity

Trending in private equity this week: Hellman flies through monster fundraising, CalPERS hires Mahboob Hossain to lead co-investment team and Apax.


peHUB First Read

Today First Read brings you the winners of the Buyouts deal of the year award, mobile messaging app Tango’s mega Series D round, Apax set to launch an Israel mid-market fund and Accel Partners raising some $1.5 bln in two new funds.


peHUB Second Opinion

In Second Opinion, study finds that good-looking male entrepreneurs have the best chance of getting venture funding, more people work for Alibaba than Yahoo and Facebook combined. Plus Flappy Bird is returning!

Reuters – Lazard, Messier Mandated to Sell Maisons du Monde

Investment banks Lazard and Messier Maris have been mandated to sell Maisons du Monde, a furniture store chain owned by private equity firms Apax and LBO France, writes Reuters. Lazard and Messier Maris, the boutique bank controlled by former Vivendi chief executive Jean-Marie Messier, were chosen last week to run the process, writes Reuters.

peHUB First Read

This morning find out what private equity’s comeback plan is, if it indeed needs one, how much Boston biotech has raised in offerings and what the lowdown is on 3i’s restructuring plans.

peHUB First Read

Dont’ forget to show your support of Hurricane Sandy’s victims by clicking on peHUB’s community group page – you can find the link in this morning’s First Read along with more on the Obama/Romney presidential race, LinkedIn on transforming biotech and pharma and find out which is America’s most expensive neighbourhood.

Apax Consortium to Acquire Garda

A consortium formed by a subsidiary of funds advised by Apax Partners and Stephan Cretier, founder, chairman and CEO of Garda World Security Corporation, a global security solutions and cash logistics business, is to acquire the company. The business is being sold for C$1.1 billion in cash, including assumed debt. PRESS RELEASE Garda World Security […]

peHUB First Read

This morning’s First Read covers Dell Venture’s latest fundraising, a backlog of unsold deals that threaten to choke the industry and five start-ups to watch from 500 Startups demo day.

Reuters – Private Equity Firms Eye Direct Line

Two private equity consortia plan to bid for Direct Line, the insurer owned by Royal Bank of Scotland, writes Reuters. Interested parties include Blackstone Group and Bain Capital and Kohlberg Kravis Roberts, Apax and BC Partners. (Reuters) – Two private equity consortia plan to bid for Direct Line, the insurer owned by Royal Bank of […]

peHUB First Read

Click on this morning’s First Read to find out everything you need to know about biotech this summer, Microsoft and NBC’s break-up and why Facebook has bought Spool.

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