Angela Sormani
Angelsoft, the industry standard funding application for angel groups & venture capital funds has changed its name to Gust. PRESS RELEASE The past few weeks have been ones of extreme activity and excitement for us. You have probably noticed that the Angelsoft platform you were used to has changed. The entire site has been thoroughly […]
Financial information company and owner of S&P Indices and CME Group, McGraw-Hill has established a new joint venture in the rapidly growing index business. Under the terms of the agreement, McGraw-Hill will contribute its S&P Indices business and the CME Group/Dow Jones joint venture will contribute the Dow Jones Indexes business to create S&P/Dow Jones […]
Investcorp‘s US-based real estate arm has made two recent equity investments. The firm has closed on the purchase of a seven-story Park Tower office complex in Long Beach, California for an undisclosed sum and also the $37 million acquisition of the Bethesda Health City building in Boynton Beach, Florida. PRESS RELEASE Investcorp’s US-based real estate […]
Time Warner has made a non-binding offer for debt-burdened Dutch TV production company Endemol, a spokesman for Endemol said, reports Reuters. The broadcaster is owned by Italian Prime Minister Silvio Berlusconi’s Mediaset , Goldman Sachs Capital Partners and Cyrte Investments, a boutique firm which manages Endemol founder John de Mol’s investments, Reuters reports. (Reuters) – […]
The chairman of private-equity firm TA Associates, which manages around $16 billion in capital, is battling a serious illness, according to people briefed on the matter, reports Reuters. (Reuters) The chairman of private-equity firm TA Associates, which manages about $16 billion in capital, is battling a serious illness, slowing some of his activities, according to […]
US firm Clayton Dubilier & Rice has been revealed as the bidder for Irish food group Greencore as reported in the Sunday times, writes Reuters. (Reuters) – The bidder for Irish food group Greencore has been revealed as U.S. private equity company Clayton Dubilier & Rice according to a report in the Sunday Times. Greencore, […]
Online video company Ustream has secured $6 million backing from investors DCM and Softbank. This investment is in addition to Korea Telecom’s $10M million investment to establish a second Asian joint venture in Seoul. PRESS RELEASE Over the past four years, Ustream, Inc. has grown to become the world leader in online video with more […]
France Telecom and media group Publicis are planning a venture-capital fund targeting the digital economy with a targeted size of 300 million euros ($412.8 million), Reuters reports. (Reuters) – France Telecom and media group Publicis announced a venture-capital fund targeting the digital economy on Monday, with a targeted size of 300 million euros ($412.8 million). […]
GeoEye, a leading source of geospatial information and insight has appointed General Michael P. C. Carns to serve on its board of directors. He joins nine other board members and has been appointed as the board representative of Cerberus Capital Management. GeoEye partnered with Cerberus, which provided financing support of the Company’s bid on the […]
Private equity firm Lovell Minnick Partners has completed the sale of ALPS, a provider of asset servicing and asset gathering solutions to the asset management industry, to DST Systems for $250 million. PRESS RELEASE Lovell Minnick Partners today announced that it has completed the previously announced sale of ALPS Holdings, Inc. (ALPS), a leading provider […]