Harry Debes, who retired as CEO of Lawson Software earlier this year, has joined the “operating partner program” of Advent International, the New York-based private equity firm. Debes’s role will involve advising and working closely with Advent’s investment teams to identify attractive opportunities. Advent’s operating partner program includes more than 80 senior executives, who advise […]
Halyard Capital said Tuesday that it had acquired Tranzact Information Services from TRANZACT. Financial terms weren't disclosed. Halyard will rename the business, which provides data and analytics to direct marketers, Datamyx. Halyard, a New York PE firm, previously owned TRANZACT and sold the company in 2007 to Veronis Suhler Stevenson. Sanjay Chadda, of PetskyPrunier, advised TRANZACT in the sale. CORRECTION: The name of the company is Tranzact, not Transact.
Sbarro, which is no longer backed by MidOcean Partners, has successfully come out of bankruptcy. Late Monday, the quick service restaurant said it had emerged from Chapter 11 with significantly reduced debt and a $35 million capital infusion. "Our reorganization plan eliminates more than 70 percent of our debt, and provides access to $35 million in fresh capital from our new ownership group," said Nicholas McGrane, Sbarro's interim president and CEO, in a statement.
Private equity backed NewNet Communication Technologies is acquiring a business unit from Nokia Siemens Networks, Reuters reported Tuesday. Financial terms of the deal were not released. NewNet is owned by California-based private equity firm Skyview Capital.
(Reuters) – Zynga’s road show with investors for its initial public offering will start next Monday, two sources familiar with the matter told Reuters on Tuesday. Chief Executive Officer Mark Pincus will be leading the presentation to investors, along with Chief Operating Officer John Schappert and Chief Financial Officer David Wehner, the two people said. […]
Middle-market investor Lyceum Capital has acquired security software maker Clearswift. Terms of the deal were not released. Clearswift’s software is designed to manage inbound threats, data loss prevention, web access policies and compliance across both web and email communications, the company says. Clearswift is based in the U.K.
(Reuters) – The largest buyouts generated some of the best returns for the private equity industry in Europe in the last year, as markets rebounded and firms wrote up the value of their investments. Mega buyouts, defined as investments larger than $5 billion, produced returns of 22.4 percent in the 12 months to end June, […]
Special situations investor Clearlake Capital Group has sponsored the recapitalization of customer security services organisation Solutionary. The investor has also provided a significant capital infusion to the Company. Financial terms were not disclosed. PRESS RELEASE Clearlake Capital Group, L.P. (“Clearlake”) today announced that it sponsored the recapitalization of Solutionary, Inc. (“Solutionary” or the “Company”) and […]
Electronics and furniture retailer Courts Asia, which operates in Singapore and Malaysia, on Tuesday announced plans to set up new stores but said it was keeping its options open about an initial public offering, writes Reuters. Reuters reported last month that an investor group led by Baring Private Equity Asia was looking to sell Courts […]
Sovereign wealth fund China Investment Corp and private equity firm Blackstone Group have invested in a joint venture with mainland property developer Greentown China, writes Reuters. CIC, which is not allowed to invest in China itself, has made the investment through a subsidiary that can invest domestically, reports Reuters. (Reuters) – Sovereign wealth fund China […]