Avatar International has been sold via a secondary PE deal, changing hands between former owner Veronis Suhler Stevenson, the New York sponsor, and going to the Riverside Co., the Cleveland PE shop. The deal represents a larger than 4.0x ROI driven by a sole focus on organic growth. VSS was represented in its sale of Avatar International by financial advisors TripleTree, LLC.
Last month, one Psilos Group-backed portfolio company was all set to file an S-1 to go public. We did have one IPO in France in July before the world markets got strange. But then there was the debt ceiling crisis in Washington, more bad news on the economic front, and a steep sell-off in the […]
(Reuters) – Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Chief Financial Officer Tim Morse will step in as interim CEO, and the company will search for a permanent leader to spearhead a battle in […]
Boca Raton, Fla.-based investment firm Brockway Moran & Partners has invested an undisclosed amount in The Country Vintner, a distributor and importer of wines and spirits. The Country Vintner is based in Ashland, Va. Terms of the investment were not released.
Private equity investor KPS Capital Partners, via its newly formed company International Equipment Solutions, has acquired Paladin Brands Holding and Crenlo. The firm is buying the two companies from publicly traded Dover Corp. Financial terms of the transaction were not disclosed. Paladin is a provider of engineered attachment tools for operator-driven equipment. Crenlo is a provider of steel cabs and roll-over protective structures and electronics enclosures.
The management of Iron Bow Technologies LLC has acquired a controlling interest in the company from previous owner New Mountain Capital, the company announced Wednesday. New Mountain and other selling shareholders will collectively retain a minority interest in the company. Terms of the deal were not released. Iron Bow has revenues of approximately $800 million.
H.I.G. Europe, the European arm of mid-market buyout shop H.I.G. Capital, has acquired a majority stake in the Losberger Group. Germany-based Losberger produces, sells and leases temporary spaces such as modular event tents. Terms of the buyout were not released.
Houston-based seed stage VC DFJ Mercury has promoted Aziz Gilani to the director role. Gilani currently works with DFJ Mercury portfolio companies BlackLocus, GameSalad, Graphicly, Infochimps, Koupon Media, and ShareThis. Before joining DFJ Mercury, Gilani was a Senior Engagement Leader with Infosys Consulting where he led the Enterprise Asset Management Practice.
AXA Private Equity is paying around 500 million euros ($700 million), backed by 290 million euros of debt, to buy French optical component maker Photonis from Astorg Partners, Reuters reported Wednesday. AXA has already owned a majority of Photonis – holding the company from 2001-2008 before selling to middle-market firm Astorg. ING, Societe Generale Corporate & Investment Banking and IKB acted as mandated lead arrangers and underwriters on the debt financing, while Indigo Capital and Partners Group arranged the mezzanine facilities, Reuters wrote.
Running up a Tab: Cybercrime costs more than $100B annually Lookin’ Good: Futures headed for a run? Or… are we looking at a long-term disaster? Yer Out! Yahoo dumps Bartz Delayed & Denied: Groupon’s IPO