After you invest in a business, you are constantly looking for ways to control costs without reducing quality or taking on unnecessary administrative responsibility. Scalability is important to both grow your business and swiftly respond to market changes. A comprehensive tactical and strategic operating plan is essential to the profitability of the investment, as is […]
(Reuters) – Google Inc. has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc.’s core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter. Google and prospective partners have held preliminary discussions but have not come up with a […]
Three PE firms--Warburg Pincus, Kohlberg Kravis Roberts and Centerbridge Partners--have bought 25% of Santander Consumer USA, the U.S. affiliate of Grupo Santander that provides automotive fiancing. The PE firm have invested $1 billion while Dundon DFS has put in $150 million. Deutsche Bank and Barclays Capital provided financial advice to the PE firms. UPDATED: Goldman Sachs along with Ken McPhail, David Adler and Varun Wadhawan of BofA Merrill Lynch advised Santander.
Groupon is expected to price its IPO on Nov. 3 and trade the next day, a source says. The Chicago-based daily deals could raise as much as $540 million, according to its latest SEC filing. Groupon said it planned to sell 30 million shares at $16 to $18 each via joint bookrunners Morgan Stanley, Goldman Sachs and Credit Suisse. The eleven other underwriters on the deal include Allen & Co., BofA Merrill Lynch and Barclays Capital. The underwriters have the option to buy an additional 4.5 million class A shares, the Oct. 21 SEC filing said.
Houston, Texas. Definitely not the most obvious location for a venture capital firm. We often get asked why we chose to base DFJ Mercury in Houston. In part, it’s actually a simple matter of convenience. We are a seed and startup venture capital firm focused on entrepreneurs and innovation that originate in the middle of […]
AdMedia Partners announced Friday that it acted as financial advisor to retail marketing agency GA|PRC Group in its acquisition by RFE Investment Partners and equity partners Caymus Equity Partners and Starboard Capital Partners. Debt financing was provided by Fifth Third Bancorp and CapitalSouth Partners. Terms of the sale were not released.
The Audax Group has exited its investment in Bloomfield Hills, Mich.-based Great Expressions Dental Centers, selling the company to OMERS Private Equity. Terms of the deal were not released. Audax acquired a majority interest in the company in May 2008.
Buyout shops Advantage Partners, Bain Capital and Olympus Capital have been shortlisted as bidders for for Japanese software developer Yayoi, Reuters reported Friday. The company, which is owned by MBK Partners, could fetch more than $650 million. Kohlberg Kravis Roberts, which also placed a bid, is not among second-round bidders, Reuters wrote.
(Reuters) – Chinese solar companies could soon find themselves bereft of some of their biggest foreign markets as Western manufacturers intensify a solar trade war and seek stiff anti-dumping duties on low-cost Chinese products. German group SolarWorld said on Thursday it was working on steps to curb alleged price dumping by Chinese rivals in Europe. […]
Buyout giant Blackstone Group is paying $1.08 billion for the suburban office portfolio of Duke Realty Corp. The portfolio includes 82 suburban office properties located in Atlanta, Chicago, Columbus, Dallas, Minneapolis, Orlando and Tampa, Reuters reported.