Connie Loizos
Boston-based GB Merchant Partners, the investment management affiliate of Gordon Brothers Group, announced today that it has increased its existing term loan to VAS Aero Services, a Boca Raton, Fla.-based company that makes and distributes aftermarket aviation component services. PRESS RELEASE: ‘The Debt Investment Group of GB Merchant Partners, LLC, the investment management affiliate of […]
MediaTek, a Hsinchu, Taiwan-based fabless semiconductor company, has agreed to acquire the Swedish company Coresonic, a digital signal processor (DSP) maker. Coresonic will become a wholly owned subsidiary of MediaTek in Europe. Terms of the deal are not being disclosed. Eight-year-old Coresonic had raised at least $2 million from venture investors in 2010, including from SEB […]
Accordion Partners, a New York-based corporate financing firm, has raised an undisclosed amount of funding led by Dubai-based Eagle Proprietary Investments. Other investors include Peter Lehrman, CEO of AxialMarket, and Alec Guettel, co-founder of Axiom Law. PRESS RELEASE: Accordion Partners, a new model financial services firm delivering cost-effective deal and project execution services to private […]
What? You didn't hear? Facebook just acquired the photo-sharing app Instagram for, like, a billion dollars. The Empire State's IPO set-up has some of its investors feeling rankled. And Manhattan's tallest residences!
Everyone is talking about Facebook’s big news, that it has just acquired the popular photo-sharing Instagram for $1 billion in cash and stock. But the timing is also notable. In a post on Facebook, Facebook CEO wrote of the deal: “For years, we’ve focused on building the best experience for sharing photos with your friends […]
Denver-based DCP Midstream Partners has completed a previously announced dropdown of the remaining 66.67 percent interest in DCP Southeast Texas Holdings, GP from the owner of its general partner, DCP Midstream, in a $240 million deal. DCP Midstream Partners processes, transports and stores, natural gas. It also stores and sells propane. PRESS RELEASE: DCP Midstream […]
Bunge, a publicly traded agribusiness and food company based in White Plains, New York, has acquired the assets of MCN BIoProducts, a company backed by investors Foragen Technologies, CIC Investment Management, GrowthWorks, and FCC Ventures. MCN has been developing a patented process to make canola-based ingredients for the aquaculture and animal feed industries. Terms of […]
Ion Beam Applications (IBA), a Belgium-based maker of radiopharmaceutical products and services, and U.S.-based private equity firm SK Capital Partners, have finalized their agreement to spin off IBA’s radiopharmaceutical division. The new company, IBA Molecular, is jointly owned by IBA and SK Capital, with SK holding a controlling 60 percent stake. IBA Molecular develops and […]
Brynwood Partners, the lower-middle market private equity firm, continues to add to its portfolio of hair care products companies. Today, it announced that its portfolio company, Golden Sun, has acquired to the rights to the L.A. Looks, Dep Sport, Zero Frizz and Thicker Fuller Hair portfolio of hair care brands, the Soft & Dri female deodorant […]
High Ridge Brands Co., has acquired the global rights to the Coast personal cleansing brand from the Dial Corporation, a subsidiary of the Henkel Group. Based in Stamford, Connecticut, High Ridge Brands is majority-owned by the private equity firm Brynwood Partners, which formed the platform company in January of last year, when it purchased the North […]