Connie Loizos
Guggenheim Partners, Mandalay Entertainment, and Mosaic Media Investment Partners announced last week that they are purchasing Dick Clark Productions from RedZone Capital Management, the private equity firm controlled by Washington Redskins owner Dan Snyder. The terms of the transaction were not disclosed, though a report in the L.A. Times suggested its price tag was close to […]
Orbis Education, a 9-year-old Indianapolis-based developer of nursing-education software, has received an undisclosed amount of “growth capital investment” from the Philadelphia-based private equity firm LLR Partners. The venture capital firm Lightspeed Venture Partners led an $8 million Series B investment in the company in 2010, at which point the company had raised at least $12 million. […]
Paris-based biotechnology company Theravectys has raised 7.48 million euros, or the equivalent of $9.4 million, from individual investors, including Guy Paillaud, John Pieters, Philippe Oddo, Richard Hennessy, and the Bettencourt family. The company will use the funding to pursue the development of a new vaccines, including an anti-HIV therapeutic vaccine. PRESS RELEASE: THERAVECTYS, a biotechnology […]
Fox Paine, the Woodside, Calif.-based private equity firm, has completed its sale of Paradigm, maker of geoscience softwae, to Apax Partners and JMI Equity in a $1 billion cash merger trasnaction. Fox Paine Fund II acquired then publicly traded Paradigm in August 2002. The firm says it is realizing a 7.8x return with Paradigm’s sale. […]
GE Capital today announced it is serving as administrative agent on a $150 million senior secured credit facility to support the combination of retailing operations of golf good stores Golf Town and Golfsmith which now become Golfsmith International and will operate a combined 151 retail locations across the U.S. and Canada, along with an e-commerce […]
CIBC, one of Canada’s largest banks, announced today that it has reached an agreement to acquire Griffis & Small, a Houston-based energy advisory firm specializing in acquisitions and divestitures (A&D) in the exploration and production (E&P) sector. Terms were not disclosed PRESS RELEASE: CIBC announced today that it has reached an agreement to acquire Griffis […]
Peoples Bank of Alabama, based in Cullman, Ala., has invested $250,000 in ZeroRPM, a local maker of an “idle mitigation system” designed to power a vehicle and its air-conditioning system for several hours via high-capacity batteries. PRESS RELEASE: PEOPLES BANK OF ALABAMA recently made a $250,000 investment in ZeroRPM, Inc., a start-up company located in […]
Hypres, an Elmsford, New York-based electronics company, has spun off a new company called PlusN that’s being backed with an undisclosed amount by Hypres’s lead investors, including Franklin “Pitch” Johnson of Asset Management Corp, Chris Brody of Vantage Venture Partners and John Levy, chairman of the board at Hypres. PRESS RELEASE: HYPRES, Inc., the Digital Superconductor […]
Apple, the Cupertino, Calif.-based, publicly traded tech giant, has promoted two employees to senior vice president: Craig Federighi, Apple’s vice president of Mac Software Engineering, and Dan Riccio, Apple’s vice president of Hardware Engineering. Federighi and Riccio will now report to Apple CEO Tim Cook and serve on Apple’s executive management team. PRESS RELEASE: Apple […]
CPG International, a Scranton, Pa.-based maker of building products meant to replace traditional materials like wood and metal, is acquiring TimberTech of Wilmington, Ohio, which makes decking, railing, and accessory products. CPG is a subsidiary of the Columbus, Oh.-based investment firm Crane Group. Terms of the acquisition were not disclosed. PRESS RELEASE: CPG International Inc. […]