Angela Sormani
The Saudi Basic Industries Corporation (Sabic) has launched a new global corporate venture capital arm, Sabic Ventures, in the Netherlands, to seek out innovative technologies and businesses consistent with the company’s global strategy. PRESS RELEASE The Saudi Basic Industries Corporation (Sabic) has announced the launch of a new global corporate venture capital arm, Sabic Ventures, […]
Private equity firms The Riverside Company and Halder have acquired KEYMILE-Group. The secondary buyout is the 21st acquisition for Riverside in 2011, and its third investment in Germany this year. Former investor HANNOVER Finanz Group, as well as former CEO Dr.-Ing. Ziaedin Chahabadi, sold their stakes to the private equity firms. Riverside is the new […]
Australian tech start-up DesignCrowd has launched DesignCrowd.co.nz to help New Zealand designers find work from businesses in Australia, the UK and the US. Starfish Ventures is a backer of DesignCrowd. PRESS RELEASE DesignCrowd has announced the launch of DesignCrowd.co.nz – a New Zealand crowdsourcing service that will help New Zealand small businesses „crowdsource‟ graphic, logo […]
Private equity investor Equity International, has committed US$75 million to SAMHI, a developer and owner of hotels in India.
Data and intelligence provider Preqin has appointed Anthony Habgood to the company’s board of directors as chairman. Anthony is chairman of Reed Elsevier and Whitbread plc. PRESS RELEASE Preqin, the alternative assets industry’s leading source of data and intelligence, is pleased to announce that Anthony Habgood has joined the company’s board of directors as Chairman. […]
ShopSavvy has raised $7 million in a Series A investment round led by Facebook co-founder Eduardo Saverin (and other investors). The company managed to avoid taking outside capital for three years after launching the company back in 2008. Until now it has survived on its original Google award money, revenue from early clients such as […]
Industrial Opportunity Partners, an operations-focused private equity firm based in Evanston, Ill., has acquired the Light Duty Filtration assets of Cummins, a leader in the design, manufacture, distribution, and service of engines and related technologies. IOP has renamed the business Kuss Filtration. Terms of the transaction were not disclosed. PRESS RELEASE Industrial Opportunity Partners (“IOP”), […]
Kaman Corporation subsidiary, Kaman Aerospace Group has entered into an agreement to acquire Vermont Composites, a leader in the design and manufacture of composite aerostructures and advanced composite medical equipment based in Bennington, Vermont. PRESS RELEASE Kaman Corporation (NASDAQ-GS:KAMN) today announced that its subsidiary, Kaman Aerospace Group, Inc., has entered into an agreement to acquire […]
Square 1 Bank, a diversified financial services company, has appointed Sam Bhaumik as an executive vice president and head of Silicon Valley. Bhaumik will be a member of Square 1 Bank’s senior leadership team and brings more than 25 years of debt financing and investment experience. PRESS RELEASE Square 1 Bank, a diversified financial services […]
Industrial Growth Partners has acquired Ideal Clamp Products in a management buyout transaction. Headquartered in Smyrna, Tennessee, the company is a manufacturer of worm drive and specialty hose clamps and couplings used in a wide variety of end markets and applications. PRESS RELEASE Industrial Growth Partners, together with management and other investors, has acquired Ideal […]