Angela Sormani
United Internet is acquiring 74.9 per cent of shares in Versatel from KRR. Together with the 25.1 percent stake which it already holds, United Internet will raise its holding of Versatel shares to 100 percent. KKR originally invested in Versatel in July 2011.
Hardware company WHILL has closed $11 million in Series A funding. The investment was led by investment firm Innovation Network Corporation of Japan. US investors 500 Startups and Sun Microsystems Co-founder and former CEO, Scott McNealy, Jochu and NTT Docomo Ventures also participated in the round.
European Capital Debt Management has closed European Capital UK SME Debt. The fund will provide debt finance in small and medium sized enterprises in the UK.
Plexus Capital has appointed Michael Painter as managing partner. Painter, one of five founding partners, succeeds Bob Anders, who has served as managing partner since the firm’s inception in 2005.
Woodlawn Partners has acquired Cerda Industries as part of its Omnitank platform. Cerda is manufacturer of steel tanks and pressure vessels.
Brazos Private Equity Partners portfolio company Vision Source has completed a dividend recapitalization transaction. Golub Capital provided the financing to support the transaction via a uni-tranche term loan facility and revolver. Financial terms of the refinancing were not disclosed.
The National Venture Capital Association has appointed Justin Field as vice president of federal policy. Field comes to NVCA from the office of United States Senator Robert Menendez, where he was a legislative assistant responsible for tax issues and the senator’s work on the senate finance committee.
T-Venture has sold its shareholding in Intelligent Apps, the company which operates European taxi app, mytaxi. mytaxi is a globally available app, which enables a direct connection between a passenger and a taxi driver.
Jindal Tubular has acquired PSL North America for $104 million. Based in Bay St. Louis, MS, PSL is a manufacturer of large diameter, high pressure steel pipe. Jindal Tubular made the acquisition through a section 363 sale approved by the United States Bankruptcy Court for the District of Delaware.
Tricor Pacific Capital Partners has acquired Tiger Calcium. The business is headquartered in Edmonton, Alberta and is a manufacturer of calcium chloride products in Western Canada.