Angela Sormani
This morning First Read brings you an analysis of firm versus team performance track record, a need to know about due diligence issues, how dividend taxes affect corporate investment and TPG and Carlyle set to raise over $2 bln in Australia Healthscope IPO.
IPOs are accelerating private equity exit activity in North America, according to EY’s annual North American PE exit study titled Returning to safer ground: How do private equity investors create value? The report is now in its eighth year and examines the results and methods of 893 exits between 2006 and 2013.
Segal Rogerscasey has promoted Donna A. Rosequist, director, Alpha Investment Research to vice president. Rosequist joined the firm’s Darien office in 1994.
First Reserve has promoted two investment professionals within the buyout funds team. Jesse Krynak and David McFarland have both been promoted to vice president.
Social ad platform Glow Digital Media has raised $7 million in Series A funding from Notion Capital and White Star Capital. Existing investors Project A Ventures and Avonmore Developments also participated.
Blackstone Group is acquiring a majority stake in auto repair shop chain Service King Collision Repair Centers. The Carlyle Group, its co-investors and the management and employees of Service King will retain a significant minority stake in the business.
Rosser Capital Partners has backed PetPeople. Headquartered in Columbus, Ohio, PetPeople operates 20 pet retail locations in Ohio, Michigan and Indiana.
Abacus Finance Group has provided a $19 million in senior secured credit facility to support the leveraged buyout of Atronix by Wafra Partners and its affiliate Wafra Investment Advisory Group. Headquartered in Billerica, MA, Atronix is a provider of cable assemblies, wire harnesses and electromagnetic assemblies.
Beringea portfolio company Abzena has raised funds on the AIM market of the London Stock Exchange. Beringea first invested in Polytherics through ProVen Growth and Income and ProVen Health in September 2011.
Quandoo has closed its Series C financing round led by Piton Capital and affiliates. Holtzbrinck Ventures and DN Capital, the Sixt family (a lead investor in the seed round) and Texas Atlantic Capital also participated.