Angela Sormani
Private equity firms Trilantic Capital Partners and Sagard are seen as likely to post final offers for Sara Lee Corp's French baked goods unit, Reuters reports.
6waves Lolapps, a global social and mobile game developer and publisher, has acquired Beijing-based social gaming company Smartron5. The acquisition marks 6waves Lolapps' continued expansion into the Asian market adding to its existing Hong Kong and Tokyo offices. 6waves Lolapps is backed by Insight Ventures Partners, Polaris Venture Partners and Nexon.
The operator of the Toronto Stock Exchange has agreed to support Maple Group's C$3.8 billion ($3.8 billion) buyout proposal after a prolonged takeover battle and a failed attempt to merge with the London Stock Exchange, Reuters reports.
YPX Cayman Holdings has closed a second round fundraising. The company has secured US$20 million from Qiming Ventures, Hotung Investment and Mitsui Global Investment. The company also attracted personal investments from renowned entrepreneurs such as former DBS Bank and Singapore Airlines chairman Mr. Koh Boon Hwee and Nasdaq-listed 51Job.com founders Mr. Norman Lui and Mr. Michael Feng Yunlei.
Energy Investors has successfully closed on its eighth fund, EIF United States Power Fund IV LP with $1.713 billion in commitments.
Beacon Power Corp has filed for bankruptcy on Sunday, a year after the energy storage company received a $43 million loan guarantee from a controversial Department of Energy program, Reuters reports. The bankruptcy comes about two months after Solyndra, a solar panel maker with a $535 million loan guarantee also filed for Chapter 11, wrote Reuters.
Alternative Investment Management has hired Donna Toth as chief operating officer. Toth will be based in New York and will report directly to Jonathan Harris, president of AIM.
Zions Bank has joined in the senior financing to SCI Solutions. MidCap Financial continues to act as sole bookrunner, sole lead arranger, and administrative agent in the senior secured credit facilities of SCI Solutions, a portfolio company of The Wicks Group of Companies (The Wicks Group) and New Enterprise Associates (NEA).
BPV has completed a successful exit from Matrix Medical Network in a secondary buyout of the company to private equity firm Welsh, Carson, Anderson & Stowe. Matrix Medical Network is a provider of prospective health assessments for Medicare Advantage health plans. The company's nurse practitioners provide in-home assessment services for more than 45 health plans and medical groups in 33 states.
Data protection developer Imperva plans to hold its IPO on the New York Stock Exchange at a company value of $309-354 million in the second week of November. The underwriters, led by JPMorgan Chase Inc. and Deutsche Bank Securities LLC, along with RBC Capital Markets, Lazard Capital Markets, and Pacific Crest Partners, have an overallotment option to buy up to an additional 750,000 shares for $10.5-12 million. Two parties at interest, co-founders CTO Amichai Shulman and Mickey Boodaei also plan to sell 125,000 shares each in an offer to sell, for a total of $1.8-2 million.