Connie Loizos
French investment firm Sagard has partnered with the president of the French, discount retailer Stokomani and his management team, to acquire Stokomani from the global buyout firm Advent International. The deal — whose terms were not disclosed — is expected to close next month Stokomani, through a network of 37 stores, offers a “large range […]
Swedish private equity firm Altor is acquiring Bure Equity’s stakes in Carnegie Holding, Max Matthiessen and Carnegie Asset Management subject to customary closing conditions, including regulatory approvals. Bure Equity is also a Swedish investment company. PRESS RELEASE: Altor (Altor Fund III GP Limited) has entered into a binding agreement to acquire Bure Equity’s stakes in […]
Greenwich, Conn.-based Freepoint Commodities, founded last year by former RBS Sempra executives, is acquiring the Stamford, Conn.-based mineral concentrates unit of J.P. Morgan Chase & Co. REUTERS NEWS: Freepoint Commodities LLC will buy J P Morgan Chase & Co’s physical metal concentrates business, reuniting chief executive David Messer with more of his former Sempra compatriots […]
China Auto Rental, a company boasting of a fleet of more than 10,000 in China’s fast-growing car rental market, has postponed plans for a U.S. IPO, citing “capital market conditions,” without elaborating further yesterday. The company, backed by Beijing-based Legend Holdings (parent of Hony Capital), had hoped to raise $137.5 million. REUTERS NEWS: China Auto […]
VTB Capital Venture Business, a Moscow-based venture firm, has led an $18 million Series C round in Fast Lane Ventures, an Internet media company in Russia that has launched 18 properties over its two-year history, two of which have been purchased by strategic investors. Fast Lane has raised more than $60 million to date, including […]
Globeleq, a London-based emerging markets power company owned by CDC Group (managed by the emerging market investor Actis), has acquired the 44 MW Eolo wind project in Nicaragua, which is in the final stages of its submission as a Clean Development Mechanism (CDM) under the Kyoto Protocol; the title will enable it to earn carbon […]
Nine Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling more than $2 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones, has awarded 72 Michigan companies with seed funding totaling more than $16 million. PRESS RELEASE: Nine Michigan companies recently received investments from the Michigan Pre-Seed […]
The Business Development Bank of Canada’s venture capital arm will issue up to $6 million in convertible notes over two years to graduates of FounderFuel, a Montreal-based startup accelerator program. Some 40 startups from all over the country will be eligible for a $150 000 BDC convertible note upon their successful completion of FounderFuel’s 12-week, […]
Norwest Equity Partners, a Minneapolis-based middle market private equity firm, has brought aboard David Ropp as an operating partner. Ropp who has served in both president and CEO positions at Dover Corporation, will focus on investment opportunities within the diversified industrials sector. PRESS RELEASE: Norwest Equity Partners (“NEP”), a leading middle market investment firm with nearly […]
Kana Software, a Silicon Valley-based customer service software company that has been majority owned by Accel-KKR since 2009, has completed its acquisition of Trinicom, a cloud-based Web customer service company in the Netherlands. Terms of the deal were not disclosed. PRESS RELEASE: KANA Software, Inc., a global leader of customer service solutions used by more […]