Charles River Ventures spent the back end of 2011 fundraising and the bi-coastal firm is expected to soon close a fifteenth fund with about $300 million, more or less matching its prior funds, sources tell peHUB. Notably, one prominent member of the firm’s Sand Hill Road team won’t be part of the new fund, either. Multiple […]
Grey Mountain Partners has acquired Memphis, Tenn.-based Binswanger Enterprises, a designer, installer, and retailer of architectural glass and aluminum products. Terms of the deal were not released. Grey Mountain Partners is a Boulder, Colo.-based private equity firm.
Hedge fund services firm GlobeOp Financial Services is in talks with buyout shops Advent International and TPG, Reuters reported Friday. The firm, which has $173 billion in client assets under administration, has been carrying out a strategic review to try and boost its share price, Reuters wrote.
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Cowen Healthcare Royalty Partners, a healthcare investment firm based in Stamford, Conn., has closed it second fund with roughly $1 billion in capital commitments — more than 75 percent of its initial target, according to the firm. Similar to its first fund, Cowen Royalty will target investments between $20 million and $100 million in the U.S., […]
Aeria Games, the online gaming company, has acquired ijji Games LLC, another popular free to play online gaming portal. NHN Corp. was the seller; terms of the transaction were not publicized.
Chicago-based Cressey & Co, a healthcare-focused private equity firm, has promoted two longtime employees to partner and another to principal. Merrick Axel, one of Cressey’s newest partners, joined the company in 2005. David Schuppan, the firm’s second new partner, has been with the company since 1999. Dave Rogero, its newly appointed principal, has worked for […]
Columbus, Ohio-based American Electric Power and its unregulated subsidiary AEP Retail Energy announced today that the company has reached an agreement to acquire Chicago-based BlueStar Energy Holdings and its independent retail electric supplier BlueStar Energy Solutions. The terms of the agreement are not being disclosed. PRESS RELEASE: American Electric Power (NYSE: AEP) and its unregulated subsidiary […]
Summit Partners, the Boston-based growth equity firm, has raised a pair of funds with combined commitments totaling $3.22 billion. Summit Partners Growth Equity Fund VIII will be a $2.7 billion fund and Summit Partners Venture Capital Fund III is a $520 million fund formed to invest in private emerging growth companies.
BC Partners and Cinven are the final buyout shops in the running for legal services group CPA Global, Reuters reported Thursday. Investment firm Intermediate Capital Group put the business up for sale at the end of last year, hoping to get around 700 million pounds ($1.09 billion), Reuters wrote.