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Private equity firms Apollo Global Management and Riverstone Holdings have teamed up to bid around $7 billion for all of El Paso Corp's exploration and production assets, Reuters wrote, citing people familiar with the matter. El Paso's oil and gas assets include acreage in the Eagle Ford field of south Texas, one the most lucrative producing areas in the country, Reuters wrote.
Eastman Kodak Co. has filed for Chapter 11 bankruptcy protection, following a long descent for the 130-year-old film pioneer, Reuters reported Thursday. The company, which plans to continue normal operations during the bankruptcy, said it obtained a $950 million, 18-month credit facility from Citigroup to keep it going, Reuters wrote. At end September, the group had total assets of $5.1 billion and liabilities of $6.75 billion.
Publicly traded Constant Contact Inc. has acquired privately owned CardStar Inc. Boston-based CardStar is a developer of mobile applications that extend the use of loyalty cards and mobile coupons for consumers. Terms of the deal were not released. CardStar was backed by investors including Amplifier Venture Partners, Acta Wireless and LaunchCapital.
Ventizz Capital Fund IV L.P. has invested an undisclosed amount in Rioglass Solar Holding, a manufacturer of solar reflectors for the application in concentrating solar power plants. The investment was made together with funds managed by Partners Group.
Evenflo Company, a Weston Presidio portfolio company, is selling its worldwide feeding business, excluding its Ameda breast pump business, to Kimberly-Clark de México, the company announced. Financial terms of the deal, which is expected to close by the end of January, were not released.
Switzerland’s Capital Dynamics has acquired a 64-megawatt portfolio of UK landfill gas assets across England, Scotland and Wales, it announced Wednesday. The asset manager did not release terms of the deal.
Boulder, Colo.-based EVOL Foods, which makes natural and organic frozen meals and snacks, has sealed a minority growth capital investment from private equity firm Alliance Consumer Growth. The financing will be used to expand EVOL’s distribution, and expand its products.
Stockholm-based social gifting service Wrapp has sealed $5 million from venture firm Greylock Partners. The financing is an addition to Wrapp’s Series A funding. Wrapp received $5.5 million in November from Atomico and the Nordic venture firm Creandum. Greylock’s Reid Hoffman will join Atomico’s Niklas Zennström, and Johan Brenner of Creandum on Wrapp’s board.
MidOcean Partners has led a recapitalization of Jones & Frank, a provider of equipment distribution, repair, maintenance and installation services for the fueling infrastructure industry. BB&T Capital Partners and management remain minority investors in the business. Jones & Frank is based in Raleigh, North Carolina.
Social gaming company Digital Chocolate Inc. has closed on a $5 million venture loan from NXT Capital's Venture Finance Group. The company, based in San Mateo, Calif., is backed by investors including Sutter Hill Ventures, Intel Capital, Bridgescale, DN Capital, Outlook Ventures and Greenspring Associates.