Angela Sormani
Total fundraising figures for U.S. buyout and mezzanine funds reached $71.95 billion for the year to 1 November, according to figures from Thomson Reuters. This total combines the total for buyout and mezzanine funds only and excludes funds of funds. This figure jumped around 28% for the same period the previous year which stood at […]
Industrial Opportunity Partners has acquired Trantech Radiator Products, a manufacturer and supplier of radiators to the North American electric power transmission and distribution industry. Trantech represents IOP’s 10th platform investment in its current $185 million committed fund and its third platform investment in 2011. PRESS RELEASE Industrial Opportunity Partners (“IOP”), a private equity firm based […]
Online and mobile payments solution provider, eWise has appointed Alexandre Gonthier as chief executive officer of the company. The company also named Phillip Riese chairman of the board and appointed Eric Archambeau as director of the company. eWise is backed by Wellington Partners. PRESS RELEASE eWise, an online and mobile payments solution provider, today announced […]
Private equity-backed Nautilus Neurosciences, a neurology-focused specialty pharmaceutical company headquartered in Bedminster, New Jersey has hired Peter A. Lankau as executive chairman of the board of directors. Lankau will have an active role in the company and will focus primarily on business strategy and portfolio development. Nautilus Neurosciences was launched in 2010 and is backed […]
Social advertising technology business Compass Labs has announced two key new hires to help support its growing capabilities. Molly Glover Gallatin and Ananth Nagarajan have joined the company as vice president, marketing and vice president, engineering, respectively. Compass Labs’ Kevin Weafer was also promoted to vice president, sales. Compass Labs is backed by New Enterprise […]
Maranon Capital has provided a senior revolving credit facility and term loan as well as mezzanine debt and an equity co-investment to support the acquisition of Emergency Communications Network (ECN) by private equity firm The Riverside Company and members of ECN’s management team. Headquartered in Ormond Beach, Florida, ECN provides time-sensitive communications to individuals on […]
McCormick & Schmick’s Seafood Restaurants has signed a definitive agreement with Landry’s, Inc. to sell all of its outstanding shares for $8.75 per share in cash, or a total equity value of approximately $131.6 million. Landry’s will finance the transaction through a combination of cash and debt, for which it has arranged financing. PRESS RELEASE […]
E-commerce business Rakuten is to acquire 100% of total issued and outstanding shares of gloabl eReading service Kobo for US$315 million in cash. Kobo is backed by majority shareholder Indigo Books & Music Inc., Cheung Kong Holdings, and institutional investors. PRESS RELEASE Rakuten, Inc. (JASDAQ: 4755) and Kobo Inc. today announced that they have entered […]
Wells Fargo Business Credit is undertaking the recapitalization of US frozen vegetable processors and packagers Smith Frozen Foods. Investment banking firm Livingstone acted as the exclusive financial advisor to the company. Terms of the deal were not disclosed. PRESS RELEASE Livingstone, the leading independent, international investment banking firm, is pleased to announce the successful recapitalization […]
First Reserve Corp has invested $80 million against a commitment of an additional $100 million in equity in the global helicopter-services company CHC Helicopter. CHC announced the planned investment in September to help fund continued expansion in the midst of strong industry growth. PRESS RELEASE CHC Helicopter said that its owner, First Reserve Corp., has […]