Angela Sormani

Private equity group H.I.G. Capital, has exited its portfolio company Ideal Image for $175 million to Steiner Leisure. PRESS RELEASE H.I.G. Capital, LLC, a leading global private equity investment firm, today announced the successful sale of its portfolio company Ideal Image for $175 million to Steiner Leisure (NASDAQ:STNR). “We are proud to have supported the […]

Digital media service provider RealNetworks has named Thomas Nielsen as its new president and chief executive officer. Nielsen, who will also become a member of its board of directors, starts at RealNetworks on November 9th. PRESS RELEASE RealNetworks, Inc. (NASDAQ: RNWK) today announced that its board of directors has named Thomas Nielsen as its new […]

Venture-backed Alteryx, a business intelligence analysis company focused on empowering organizations with simple and industry-specific analytic applications, has appointed four new directors to its corporate board. The new directors are Joanne Moretti, vice president, sales excellence, Hewlett-Packard; Steve Fink, chief executive officer, Malibu Ventures; John Bellizzi, senior vice president, Thomson Reuters Professional Division; and Jai […]

Private equity firm Pfingsten Partners has acquired Arrowhead Electrical Products, a Blaine, MN-based global distributor of aftermarket alternators, motors and other rotating electrical products and components for the mobile equipment marketplace. The transaction closed on October 31, 2011, marking the ninth platform investment for Pfingsten’s $525 million Fund IV. PRESS RELEASE Private equity firm Pfingsten […]

Dutch lender ING has completed the sale of the majority of its real estate investment management business to CB Richard Ellis Group, which changed its name to CBRE Group, in early October, for about $1.0 billion in cash in two separate transactions. ING agreed to the deal in mid-February. PRESS RELEASE Dutch lender ING Groep […]

Kohlberg Kravis Roberts & Co. has apppointed Claire Scobee Farley and David Rockecharlie, founders of RPM Energy, as Managing Directors. PRESS RELEASE Kohlberg Kravis Roberts & Co. (together with its affiliates, “KKR”) today announced that Claire Scobee Farley and David Rockecharlie, founders of RPM Energy LLC (“RPM”), will join the firm as Managing Directors, effective […]

THL Credit has completed two investment transactions in the third quarter: to recapitalize and provide expansion capital to Airborne Tactical Advantage Company, and to provide backing for the strategic investment in The Studer Group. THL Credit Greenway Fund, THL Credit’s managed fund, also invested in each of these transactions. PRESS RELEASE THL Credit, Inc. (Nasdaq:TCRD) […]

SecondMarket has raised $15 million from The Social+Capital Partnership, a venture fund led by former Facebook executive Chamath Palihapitiya, who will also join the SecondMarket board of directors. PRESS RELEASE SecondMarket, the leading marketplace for alternative investments, announced today that it has raised $15 million in Series C financing from The Social+Capital Partnership, a new […]

Urban Airship, a maker of a platform used by brands to engage their consumers on mobile, is to acquire SimpleGeo, a real-time services platform company that lets developers build location-aware features into their web and mobile apps. Urban Airship’sCORRECTION: Foundry and True were investors in SimpleGeo (they are also both investors in Urban Airship). Investors […]

Mid-market private equity firm Olympus Partners has sold the assets of the Black Flag(R) and TAT(R) brands from The Homax Group to Spectrum Brands Holdings, a global consumer products company with market-leading brands, announced today it has acquired . Financial terms of the all-cash transaction were not disclosed. PRESS RELEASE Spectrum Brands Holdings, Inc. SPB […]