Underlying Facebook's latest deal spree is the company transitioning its revenue expectations to mobile users.
Private equity execs have grown more positive about deals and the credit markets, according to a survey.
Part of a new breed of mega sector firms, Vista Equity Partners, a San Francisco-based technology buyout firm, closed its latest fund, Vista Equity Partners Fund IV LP, having raised $3.5 billion, the firm announced. The amount was $1 billion more than the fund’s initial $2.5 billion target, which Vista attributed to “exceptional LP demand.” […]
Private equity firms see a buying opportunity as United Technologies tries to fund its biggest-ever deal with a little M&A.
The Resolute Fund II, L.P., an affiliate of The Jordan Company, has acquired VT Services Inc. from Babcock International Group. Terms of the deal were not released. VT Services is a provider of engineering and logistics services for U.S. Department of Defense customers. PRESS RELEASE The Resolute Fund II, L.P., an affiliate of The Jordan […]
Australian gas pipeline owner Hastings Diversified Utilities Fund received a $1.25 billion takeover offer from a consortium including a Canadian fund manager on Tuesday, setting up a bidding war against APA Group, Reuters reported. APA left its options open on Tuesday, extending its A$1.1 billion ($1.1 billion) hostile bid by two months to July 31 […]
KPS Capital Partners, via the newly formed company W Foundry International, has agreed to acquire ThyssenKrupp Waupaca. Terms of the deal were not released. ThyssenKrupp Waupaca is the largest iron foundry company in the world and produces gray and ductile iron castings using state-of-the-art technology, the firm said in a written release. PRESS RELEASE KPS […]
Facebook Inc. has increased the price range in Silicon Valley’s biggest-ever initial public offering to raise more than $12 billion, giving the social network a valuation potentially exceeding $100 billion. The company founded in a Harvard dorm room by Mark Zuckerberg raised the price target range to between $34 and $38 per share in response […]
Online stock photography provider Shutterstock is planning an initial public offering of common stock to raise up to $115 million, writes Reuters. Shutterstock is backed by Insight Venture Partners and Pixel Holdings Inc, writes Reuters. Reuters – Online stock photography provider Shutterstock plans an initial public offering of common stock to raise up to $115 […]
Symphony Technology Group said Tuesday that it has acquired Source Healthcare Analytics from Wolters Kluwer. Financial terms weren’t announced. Symphony Technology will combine Source Healthcare with its existing portfolio company, ImpactRx, to form Symphony Health Solutions. PRESS RELEASE Symphony Technology Group (STG), a strategic private equity firm with the mission of investing in and building […]