Kelso Place Asset Management, the UK-based special situations investor, has acquired a “significant stake” in British fashion brand NICOLE FARHI. OpenGate Capital acquired NICOLE FARHI in March 2010 from French Connection plc. Terms of the investment were not released.
ING has hired Goldman Sachs to handle the sale of its Asian operations, Reuters wrote Friday. The value of ING’s Asian business has been estimated by some analysts at more than $6 billion, Reuters reported.
San Francisco-based data analytics company Splunk Inc. has filed with regulators to raise up to $125 million in an initial public offering, Reuters reported Friday. The company, which has raised money from August Capital, Ignition Partners, JK&B Capital and Sevin Rosen Funds, said it will use proceeds from the IPO for acquisitions and technology investments. In a preliminary prospectus, the company said that Morgan Stanley, Credit Suisse, J.P. Morgan and BofA Merrill Lynch were lead underwriters to the IPO, Reuters wrote.
Publicly traded patent holding company Acacia Research Corp. is paying $160 million to acquire ADAPTIX Inc. ADAPTIX has a portfolio of 230 issued and pending patents focused around 4G wireless technology.
Palladium Equity Partners has made a follow-on investment in Seattle-based health food company Sahale Snacks. Terms of the investment were not released. Palladium has a “significant minority stake” in the company. The firm first invested in Sahale Snacks in 2007.
Reuters reported Friday that buyout firm TPG Capital is willing to invest about $1 billion in Japan's struggling Olympus Corp. in a joint deal with Sony Corp. or another suitor. TPG has informed executives at Sony, Canon Inc., Fujifilm Holdings and Panasonic Corp. of its interest in providing capital and expertise to help revive the maker of medical equipment and cameras, Reuters wrote.
Universal American Corp., an insurance company specializing in Medicare coverage, announced Wednesday that it is acquiring APS Healthcare, which sells a range of specialty healthcare offerings, including disease management and care coordination, clinical quality and utilization review, and behavioral health services to its 400 customers, including Medicaid agencies. PRESS RELEASE: Universal American Corp. UAM -6.80% today […]
Earlier this week, Monroe Capital, a Chicago-based private investment firm that provides senior and junior debt and equity investments to middle-market companies, announced the funding of a $21 million junior term loan and equity investment in Benton-Georgia, natural gas pipeline construction services company. Monroe worked in partnership with Wells Fargo Bank, which provided a $30 million […]
Oak Hill Advisors, a private equity firm that specializes in below investment grade credit markets, has named three employees partners of the firm: Alexandra Jung, Adam Kerzner, Jeffrey Kirt, and Thomas Wong. Oak Hill has offices in London; New York; Fort Worth, Tex.; and Sydney, Australia. PRESS RELEASE: Oak Hill Advisors, L.P. (“Oak Hill Advisors”) […]
Petro Harvester Oil & Gas, the oil exploration company formed by private equity firm TPG Capital, will buy land in Mississippi and Louisiana from Denbury Resources, including 138 wells and 29 fields. The deal is expected to close by the end of 2012 and the deal—the TPG-backed venture’s third in the last 13 months—bring its total assets under management past $400 million.