Angela Sormani

Special situations investor Clearlake Capital Group has sponsored the recapitalization of customer security services organisation Solutionary. The investor has also provided a significant capital infusion to the Company. Financial terms were not disclosed. PRESS RELEASE Clearlake Capital Group, L.P. (“Clearlake”) today announced that it sponsored the recapitalization of Solutionary, Inc. (“Solutionary” or the “Company”) and […]

Scripted.com, a marketplace for freelance writers and small businesses to connect, has raised approximately $700,000 in seed financing led by Crosslink Capital, Liveops founder Douglas Feirstein, and Shopzilla CIO Jody Mulkey. Scripted.com has a database of more than 80,000 writers, with over 80 percent of those writers based in the United States. PRESS RELEASE Scripted.com, […]

Electronics and furniture retailer Courts Asia, which operates in Singapore and Malaysia, on Tuesday announced plans to set up new stores but said it was keeping its options open about an initial public offering, writes Reuters. Reuters reported last month that an investor group led by Baring Private Equity Asia was looking to sell Courts […]

Sovereign wealth fund China Investment Corp and private equity firm Blackstone Group have invested in a joint venture with mainland property developer Greentown China, writes Reuters. CIC, which is not allowed to invest in China itself, has made the investment through a subsidiary that can invest domestically, reports Reuters. (Reuters) – Sovereign wealth fund China […]

Private equity firm Carlyle Group is buying a 42 percent stake in Saudi food company Al Jammaz Group, writes Reuters. The acquisition will be Carlyle’s second in Saudi Arabia and its fifth in the Middle East and North Africa (MENA) region, reports Reuters. (Reuters) – Private equity firm Carlyle Group is buying a 42 percent […]

French bank Société Générale is selling property loans worth more than 600 million euros ($801 million) reports Reuters. The Financial Times said it believes SocGen has invited a range of companies including private equity groups like Blackstone, Carlyle, Lone Star and Oak Tree and Italian hedge fund Chenavar to bid for the loans, writes Reuters. […]

Internet social network Facebook is preparing for a initial public stock offering next year, according to a source familiar with the matter, writes Reuters. Facebook is exploring raising $10 billion, the Wall Street Journal said on Monday. It hopes the offering will value the company at more than $100 billion, according to WSJ, which first […]

Thomas H. Lee Partners is interested in buying the US operations of Yahoo, writes Reuters. THL is hoping to do a leveraged buyout of Yahoo’s U.S. business, which could be worth $5 billion to $6 billion, and draw on its experience running other media assets such as Nielsen Co, Clear Channel and Univision to turn […]

Chicago-headquartered mid-market private equity HCP & Company has acquired a majority interest in Polaris Hospital Company. Polaris, founded in 2007 and based in Brentwood, Tennessee, acquires, develops and operates hospitals and offers behavioural health and physical medicine/rehabilitation services. The investment in Polaris marks HCP’s fourth investment from its second fund and its first in the […]

The Department of Justice has opened an investgation into the $4 billion takeover of Del Monte Corp by private equity investors led by KKR, according to court papers regarding an investor settlement over the transaction, writes Reuters. The department’s antitrust division has been investigating the facts and circumstances surrounding the sale of Del Monte, reports […]