If biotech IPOs are going to catch on in the wake of the Affordable Care Act's approval, LPs might want to check out Pappas Ventures, based on its recent history.
Daimler is taking a minority stake in Motor Coach Industries International, which is backed by KPS Capital Partners. Financial terms weren’t announced. As part of the strategic partnership, MCI will become the exclusive distributor of Setra motor coaches and aftermarket parts in the United States and Canada. MCI, of Schaumburg, Ill., makes intercity highway coaches in […]
Confie Seguros, which is backed by Genstar Capital, has acquired three more insurance agencies. They include: Bradley Insurance of Las Vegas; A Auto Insurance World of West Palm Beach, Fla.; and, Ontario, Calif.-based Westside Auto. Confie said that it has appointed Chad Maxwell a SVP, mergers & acquisitions. Maxwell was previously a partner with Clear […]
The numbers are in... and the heralded Facebook IPO didn't go as hoped, in Silicon Valley.
FactSet Research, a publicly traded provider of integrated financial information and analytical applications, has acquired StreetAccount. Terms were not released. PRESS RELEASE FactSet Research Systems Inc. (NYSE:FDS) (Nasdaq:FDS), a leading provider of integrated financial information and analytical applications to the global investment community, has acquired StreetAccount LLC (www.streetaccount.com). Known for its timely and informative […]
Dell Inc. will buy Quest Software Inc. for $2.4 billion in cash in an effort to expand its software business and decrease its dependence on the declining personal computer market. Dell said on Monday it will pay $28 per share, trumping a bid from private investment firm Insight Ventures, adding that it expects the deal […]
Sony Computer Entertainment announced that it will acquire Gaikai Inc., an interactive cloud-based gaming company, for $380 million. Established in 2008, the company is based in Aliso Viejo, Calif. PRESS RELEASE Sony Computer Entertainment (SCE) today announced that it entered into a definitive agreement on June 30, 2012 (Japan Time) to acquire Gaikai Inc., […]
KPS Capital Partners has completed its acquisition of ThyssenKrupp Waupaca Inc. Terms of the deal were not released. Upon closing, the company was renamed Waupaca Foundry Inc. PRESS RELEASE KPS Capital Partners, LP (“KPS”) announced today that it has completed the acquisition of ThyssenKrupp Waupaca, Inc. (the “Company”) from ThyssenKrupp Budd Company, through a newly […]
Private equity-backed EverBank Financial Corp. said it would buy GE Capital‘s Business Property Lending Inc. division for $2.51 billion to boost its ability to lend to small and mid-sized companies. EverBank, which went public in May, said the deal includes about $2.44 billion of performing commercial loans, origination and servicing platforms, and servicing rights on […]
Centerbridge Partners, which previously extended its offer to buy P.F. Chang’s China Bistro Inc. three times, said 83.7% of the restaurant chain’s shares had been tendered when the offer expired, allowing the private equity firm to push through the deal. Centerbridge, which offered to buy the company for $51.50 per share in May, needed 83% […]