Yahoo Inc. is buying publicly traded, data driven advertising network Interclick Inc. for $270 million, or $9 per share, the companies announced. The cash deal is expected to close by early 2012. GCA Savvian Advisors acted as the lead financial advisor to interclick on the deal.
Ruh-Roh: Warburg Pincus sued after Romanian property deal tanks Mark Suster on why you should ban laptops at board meetings So Does This Kid win something? Seven billionth person on earth is born How to Get the Mouse in Your House: Netflix, Amazon score Disney deals Well-Founded, Too: Regulators had “grave concerns” about MF Global Chinese Whispers: VC in China going strong Going it Alone: Morgan Stanley India property fund head follows trend for top Indian PE execs to set up own funds Splashing the Cash: Apple gets ready for a $8 billion splurge Let's go surfing now...Appcelerator rides the app wave with more funding A perfect fit: Auditude meshes neatly with Adobe Systems No support: ISS bid scuppered by shareholder backlash
Global Brass & Copper Holdings Inc., a company which is backed by middle market buyout shop KPS Capital Partners, has filed with regulators to raise up to $150 million in an initial public offering of common stock.
Trilantic Capital Partners has acquired Implus Corporation, a leader in the footwear, outdoor and fitness accessories markets in a management buyout transaction. PRESS RELEASE Trilantic Capital Partners, a global private equity firm, today announced that it has partnered with management to acquire Implus Corporation, an innovative leader in the footwear, outdoor and fitness accessories markets. […]
MidCap Financial a commercial finance company focused on middle market healthcare companies, has acted as sole bookrunner, lead arranger, documentation agent and administrative agent in a senior secured credit facility in support of a leveraged recapitalization and growth equity investment in Professional Orthopedic and Sport Physical Therapy by Great Point Partners. GPP, based in Greenwich, […]
Adobe Systems Inc. has acquired video ad management and monetization technology maker Auditude Inc. Terms of the deal were not released, though media reports have put the sale price at around $100 million. Palo Alto, Calif.-based Auditude had raised venture financing from investors including Granite Ventures, Silicon Valley Bank, Greylock Partners and Redpoint Ventures.
Wi-Lan Inc. has no plans to sweeten its hostile takeover bid for rival Canadian patent licensing firm Mosaid Technologies after U.S. private equity firm Sterling Partners topped its $532 million offer last week, Reuters reported. Mosaid agreed to be acquired by Sterling for C$590 million ($581 million), or C$46 a share, it said late on Thursday.
Breckenridge Insurance Group, a specialty underwriting manager and wholesale insurance broker backed by Arsenal Capital Partners, has closed on $3.25 million in debt financing from Square 1 Bank. The company will use the funds for growth efforts. Arsenal Capital Partners is a New York-based private equity firm.
Harris Williams & Co., a middle market investment bank, has announced the sale of NESCO, a portfolio company of private equity firm Hammond, Kennedy, Whitney & Company, to global M&A&O firm Platinum Equity.
MF Global made it official today and filed for chapter 11 bankruptcy protection. But the losses for J.C. Flowers & Co., the New York PE firm, aren't as bad as believed. The MF Global filing came after a frantic weekend for the futures broker. As late as Sunday, the firm led by former N.J. Governor Jon Corzine had a deal to sell its assets to Interactive Brokers Group, according to the New York Post. But those talks fell through. Shares of MF Global were up 12 cents to $1.32 a share in afternoon trading Monday. Today, Standard & Poor's Ratings Services downgraded MF Global's debt and counterparty credit rating to "D," which means default and is the bottom of S&P's ratings scale.