Connie Loizos
Australian coal magnate Nathan Tinkler, who has offered to buy out the country’s second -largest independent coal producer, Whitehaven Coal, is trying to line up at least $2.5 billion in debt from banks including UBS and JPMorgan, two sources told Reuters on Thursday. REUTERS NEWS: Australian coal magnate Nathan Tinkler, who has offered to buy […]
Distributed Energy Research & Solutions, a Cambridge, Mass.-based company that does business as EnergySage, announced it has received one of ten Department of Energy SunShot Incubator investments aimed at reducing soft costs associated with solar energy installations. EnergySage will use the $500,000 investment to develop and implement a web-based solar photovoltaic comparison-shopping platform. PRESS RELEASE: […]
eSionic Holdings, a Menlo Park, Calif.-based company focused on energy storage, today announced that its board of directors has appointed Srinivas Nimmagadda as president and CEO. Subodh Toprani who was the CEO has taken the role of executive chairman. Most recently Nimmagadda served as president and COO of eSionic, which is backed by investors that […]
Alphatec Holdings, the parent company of the medical device company Alphatec Spine, has entered into a new, three-year revolving line of credit with MidCap Financial, replacing its former credit facility. Alphatec Holdings is based in Carlsbad, Calif. PRESS RELEASE: Alphatec Holdings, Inc. ATEC +1.86% , the parent company of Alphatec Spine, Inc., a medical device […]
Smart Sand, a Fairless Hills, Pa.-based company that provides sand for fracking operations, announced today that former Minnesota Governor Tim Pawlenty has joined its board. Smart Sand is backed by the private equity firm Clearlake Capital Group. PRESS RELEASE: Smart Sand, Inc., a provider of high-quality proppant to the oil and gas industry, today announced that […]
LLR Partners, a middle-market private equity firm in Philadelphia, today announced it has invested in Message Systems, a 15-year-old, Columbia, Md.- based company that makes email software for marketers and big brands. The transaction returns some money to NewSpring Capital, which invested $6 million in Message Systems in 2010, though neither the amount that LLR […]
U.K.-based supermarket chain Sainsbury’s has acquired 64% of the online digital book retailer Anobii for £1, acquiring the position from HMV Group. Other shareholders in Anobii include HarperCollins, Penguin and Random House Group (UK). PRESS RELEASE: Sainsbury’s has today announced the acquisition of HMV Group plc’s shareholding in Anobii Limited, a social network and online retailer […]
Goldman Sachs, The Carlyle Group, and Riverstone Holdings will sell 63 million of their common shares of publicly Houston-based Kinder Morgan, one of the largest energy companies in North America. The private equity firms participated in a buyout of Kinder Morgan in 2006, led by founder Richard Kinder. The company went public again in February 2011. […]
As part of its continued migration from a renewable-energy-only, North America-focused private equity fund to a broad energy investor, New York-based Good Energies Capital announced today that it is changing its name to Bregal Energy. PRESS RELEASE: As part of its continued migration from a renewable energy only fund to a broad energy investor, Good […]
BC Technical, a Salt Lake City-based company that manufacturers molecular imaging tools, has acquired Xpert, a competitive peer that focused on systems, parts, and customized services and is based in Redmond, Washington. Terms of the deal were not disclosed. PRESS RELEASE: In May 2012, BC Technical, Inc. acquired Xpert, a Molecular Imaging service company focused […]