News and Analysis

(Reuters) – TPG Capital has taken a direct stake in Indonesia buyout fund Northstar Pacific, a source said, in a move that strengthens the U.S. buyout firm’s foothold in southeast Asia. No financial details were disclosed but the deal underlines growing private equity interest in the emerging economies of the region. TPG has invested in […]
TPG Capital has taken a direct stake in Indonesia buyout fund Northstar Pacific, Reuters reported. No terms were disclosed. TPG has invested in Northstar funds as a limited partner since 2006. Northstar closed its second Indonesia-focused fund on $235 million in March 2010.
Bayside Capital, an affiliate of buyout shop H.I.G. Capital, will acquire the assets of Atlanta-based Alexander Gallo Holdings, it announced Wednesday. Alexander Gallo is the parent company to court reporting and litigation solutions companies Esquire Solutions and Sanction Solutions. As part of the process, Alexander Gallo Holdings filed a voluntary Chapter 11 restructuring plan with the U.S. Bankruptcy Court. H.I.G. Capital will invest up to $20 million in the company to support operations during the bankruptcy process.
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Simon Fuller, the creator of American Idol, is among those bidding for Bug Music, a Los Angeles-based music publisher owned by Spectrum Private Equity, Reuters reported. The company, whose 250,000-plus catalog of songs includes the Drifters hit "Under the Boardwalk,” is expected to fetch as much as $300 million. Fuller's XIX Entertainment, BMG Music and Ole Music are also among the bidders.
Erskine Bowles, president emeritus of the UNC university system and most recently, co-chair of President Barack Obama’s bipartisan National Commission on Fiscal Responsibility and Reform, will join Facebook’s board. Bowles also holds board positions with Morgan Stanley, Cousins Properties Inc., Norfolk Southern Corp. and Belk Inc.
Advent International, the Boston-based private equity firm, will add James Westra as a managing director and chief legal officer, advising Advent’s investment teams globally on deal structuring and general legal matters. Previously, Westra was member of the management committee and co-head of the private equity practice group at Weil, Gotshal & Manges LLP. At Weil, Joseph J. Basile was named managing partner to replace Westra.
Foundation Capital led as $30 million round of financing for Aquion Energy, a maker of batteries and energy storage systems. Aquion Energy is based in Pittsburgh. Other investors chipped in for the round as well; KPCB returned to back Aquion, and Advanced Technology Ventures and TriplePoint Capital, each new backers, invested as well. Aquion counts the US Department of Energy among its existing shareholders.
Private equity firm Warburg Pincus will buy DLJ Merchant Banking Partners’ Total Safety, a provider of outsourced safety and compliance solutions to clients requiring education and training. Specifics of the deal were not publicized. Total Safety is based in Houston, Texas. PRESS RELEASE: Warburg Pincus to Acquire Total Safety HOUSTON, Sep 07, 2011 Total Safety, […]
BountyJobs, the online marketplace that introduces corporate recruiters with headhunters, has closed a new round of financing for $5 million, which was led by Greylock Partners. Joining Greylock in the round was Accel Partners and Michigan-based RPM Ventures.
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