(Reuters) – Shares in Research In Motion climbed nearly 4 percent on Thursday on market speculation the BlackBerry maker had hired investment bank Goldman Sachs to explore strategic options. RIM has been the target of a steady stream of takeover talk as its market valuation has crawled along at multi-year lows amid product delays and […]
(Reuters) - Douglas Holding Chief Executive Henning Kreke said his family is teaming up with buyout firms with the aim of raising its stake in the company. Douglas, which has a market value of about 1.2 billion euros ($1.5 billion), earlier on Thursday said that unspecified board members with major holdings were in talks with several financial investors for a substantial stake in the company.
Lightspeed Venture Partners will seek $675 million for its ninth fund, the VC firm stated in an SEC filing Thursday morning. The figure is about 15 percent shy of what its most recent fund, a 2008 $800 million vehicle, amassed. Along with the ongoing fundraise comes a handful of personnel moves for the firm. In […]
New York-based SK Capital Partners is spinning out a new company - IBA Molecular Imaging – from the radiopharmaceutical division of Ion Beam Applications S.A., the firm announced. IBA Molecular is a manufacturer and distributor of radioactive isotopes used for medical imaging, with more than 50 locations across the world. The transaction is valued at approximately €180 million ($234 million). SK Capital will own 60% of the recapitalized entity, and IBA will retain a 40% stake, the firm said.
Raymond James Financial Inc. has agreed to pay $930 million to buy Southeast investment bank and brokerage Morgan Keegan from Regions Financial Corp. In addition to the $930 million in stock, Morgan Keegan will also pay a $250 million dividend to Regions Financial. The deal expands Raymond James’ current $256 billion in client assets by $80 billion, making it seventh in client assets among U.S. brokerages, Reuters wrote Wednesday.
Chinese private equity firm Hony Capital said Thursday that it had raised nearly $4 billion for two new funds, Reuters reported. The firm sealed $2.4 billion for its fifth dollar fund and $1.6 billion for its second local currency fund. Those numbers are almost double the sizes of previous dollar and yuan funds for Hony Capital, which is backed by Legend Holdings Ltd., Reuters wrote.
DeskStream Inc., a maker of desktop virtualisation software, has acquired Irish cloud computing start-up WorldDesk Ltd. Terms were not released. WorldDesk, founded in 2010, will continue to be based in Belfast.
A group of private investors spend about EUR 1.54 billion to acquire the electricity distribution network and heat businesses in Finland from Vattenfall. Lakeside Network Investments is a consortium consisting of 3i Infrastructure, 3i Group and GS Infrastructure Partners.
Huron Capital Partners’ portfolio company TouchPrint Print Solutions just bought Ginny’s Printing, a document process outsourcer with operations throughout the Southwest. Specifics on the transaction were not publicized.
I, for one, am interested to see how Renewable Energy Group’s IPO turns out next week. The deal is the first cleantech offering of 2012 and company plans to raise about $100 million by selling 7.2 million of its shares, according to its S-1. What’s striking about the offering is that Renewable Energy Group is […]