VC-backed StrongView appoints chief strategy officer

Redwood City, California-based StrongView, an e-mail and cross-channel marketing solutions provider, has hired Dave Frankland as chief strategy officer. Previously, Frankland worked at Forrester Research and DoubleClick where he served in leadership positions. Its backers include Sequoia Capital, Evercore Partners, DAG Ventures and Globespan Capital Partners.

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Sirirs Capital inks $840 mln buy of Digital River

An investor group led by Siris Capital Group has agreed to buy Digital River in a deal valued at about $840 million. Terms of the deal call for Siris to buy all outstanding Digital River shares for $26 each cash. Minneapolis-based Digital River provides Commerce-as-a-Service solutions. Digital River has the right to solicit alternative offers from third parties during a 45-day “go shop.” Macquarie Capital and Sankaty Advisors are providing debt financing. Morgan Stanley & Co. advised Digital River, while Union Square Advisors and Evercore Partners provided financial advice to Siris.

blue beats
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peHUB Second Opinion

In Second Opinion, Apple officially welcomes Beats to its family, you can now legally unlock your cellphones in the U.S., Alibaba invests $120 mln in Kabam and it’s okay to feel good about the U.S. economy.

VC-backed StrongView adds two to team

StrongView said Monday it has hired Steve Melamed as chief sales officer and Mark Parks as vice president of product. Headquartered in Redwood City, Calif., StrongView is an e-mail and cross-channel marketing solutions provider. Its backers include Sequoia Capital, Evercore Partners, DAG Ventures and Globespan Capital Partners.

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Prudential Financial hires Evercore Partners exec Finkelstein

Prudential Financial, Inc. has hired Mark Finkelstein as a senior vice president, who will take over the role of head of investor relations later this year. Finkelstein will succeed Eric Durant as head of IR after a transition process. Finkelstein joins Prudential from Evercore Partners where, most recently, he worked as managing director and senior analyst covering publicly traded life insurance companies. Prior to that, he was managing director and senior analyst of insurance stocks at the Macquarie Group for eight years. He also worked at Swiss Re Capital Partners, where he managed a portfolio of public and private equity investments on Swiss Re’s balance sheet.

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Flint Hill Resources to acquire PE-owned PetroLogistics for about $2.1 bln

Flint Hill Resources, a subsidiary of Koch Industries, has inked an agreement to buy PetroLogistics, which is owned by Lindsay Goldberg and York Capital. The value of the transaction is approximately $2.1 billion. The deal is expected to close before the end of the year. Goldman Sachs is providing financial advice to Flint Hills Resources while Morgan Stanley and Evercore Partners are serving as financial advisors to PetroLogistics. Headquartered in Houston, PetroLogistics is a producer of propylene.

Evercore Inks Buy of Mt. Eden Investment Advisors

Evercore Wealth Management, a unit of Evercore Partners, said Wednesday that it has agreed to buy Mt. Eden Investment Advisors. Financial terms were not announced. San Francisco-based Mt. Eden is a wealth management firm with $645 million in client assets as of Sept. 30. The firm also named three new partners: Keith Williams, Mt. Eden’s founder, CEO and chief investment officer; Tim Barrett, a Mt. Eden founding principal; and Michael O’Brien, a Mt. Eden senior portfolio manager. The sale to Evercore is expected to close in fourth quarter.

Pawlicki Leaves Evercore for Stonington Capital

Dana Pawlicki has joined Stonington Capital Advisors as a Managing Partner effective Sept. 10. He joins from Evercore Partners’ private funds group where he was a founding partner. At Evercore, Pawlicki worked for three years as MD–head of origination and project management. PRESS RELEASE Dana Pawlicki has joined Stonington Capital Advisors as a Managing Partner effective […]

Cox Buys Savings.com

Cox Target Media had acquired Savings.com and sister-site, Savoo.co.uk. Financial terms weren’t announced. Savings.com, of Los Angeles, provides personalized deals. In 2008, Savings.com raised $4 million in series B funding led by U.S. Venture Partners.Eric Mandl and Jason Sobol of Evercore Partners advised Savings.com. PRESS RELEASE Cox Target Media has completed its acquisition of Savings.com, including […]

Evercore Partners Appoints Head of Canada to New Toronto Office

Investment banking advisory firm Evercore Partners has appointed George Estey as senior managing director and head of Canada. He will be based in the firm’s new Toronto office which will be open on August 13th. PRESS RELEASE Evercore Partners Inc. (NYSE: EVR) announced today that George Estey has agreed to join the Firm’s Investment Banking […]

Evercore Partners Buys 45% of ABS Investment

Evercore Partners Inc. has completed its acquisition of a 45% non-controlling interest in ABS Investment Management, the firm announced Thursday. ABS Investment Management is an institutionally focused equity long/short hedge fund-of-funds manager. ABS has offices in Greenwich, Zurich and Hong Kong.

Evercore Partners Takes 45% of ABS Investment

Evercore Partners is paying $45 million to acquire a 45% non-controlling interest in ABS Investment Management. ABS Investment is an equity long/short hedge fund-of-funds manager. The deal is expected to close during the fourth quarter of this year.

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