Arlington Capital Partners, the Washington, D.C., based private equity firm, will see Scott Kantor join Advanced Health Media, its portfolio company based in New Jersey, as CFO. Most recently, Kantor served as Senior Vice President and CFO of BackOffice Associates, LLC, a leading provider of data migration and data governance solutions to global companies implementing or running SAP.
Either The Carlyle Group is involved in more lawsuits than its peers or it is simply being more forthcoming about its legal proceedings in its S-1, filed today with the SEC. “From time to time we are involved in various legal proceedings, lawsuits and claims incidental to the conduct of our business. Our businesses are […]
G2 Web Services, a Bellevue, Wash.-based company that sells compliance and risk-monitoring software and services to banks, sales organizations, and payment service providers, has landed an undisclosed amount of funding from the middle-market private equity firm Primus Capital to expand its footprint and accelerate growth. PRESS RELEASE: G2 Web Services, LLC, the leading provider of […]
(Reuters) – Amazon.com Inc is stepping up social media efforts after the largest Internet retailer partially missed one of the hottest technology trends of recent years. Amazon hired a director of social media, John Yurcisin, from WPP’s Ogilvy & Mather earlier this year to help the company come up with social strategies. He is the […]
(Reuters) - The Carlyle Group filed on Tuesday for an initial public offering of its common units as it looks to join rivals Blackstone and KKR as listed private equity firms, but the filing comes amid deep uncertainty on global equity markets. The U.S. IPO market has struggled as concerns about Europe's debt crisis and a weak recovery in the United States have made markets volatile. A number of deals were withdrawn last month. "If Carlyle files in this time frame, in basically a market meltdown, something doesn't seem right," said Scott Sweet, senior managing partner at IPO Boutique. Given the market conditions and the poor performance of other listed private equity players like Blackstone Group and Apollo Global Management ...
NXT Capital has provided Resource Label Group with $53.5 million in debt financing to fund the acquisition of Pamco Printed Tape & Label Co., the company announced Tuesday. NXT Capital served as the sole lead arranger, sole bookrunner and administrative agent. Resource Label Group is backed by First Atlantic Capital. The company manufactures pressure-sensitive label for the packaging industry.
GE Capital Healthcare Financial Services has closed $115 million in credit facilities for Evolution1, a company backed by private equity firm Genstar Capital. The financing was used to recapitalize Genstar’s acquisition of Evolution Benefits and support the company’s acquisition of Lighthouse1. GE Capital Markets served as sole lead arranger and joint bookrunner, the company announced.
Abraaj Capital, based in Dubai, said that is has acquired the North African private equity operations of French asset manager Amundi, Reuters reported Sunday. Abraaj has $6.2 billion under management, and will absorb Amundi’s 11-member investment team as part of the deal. Financial terms were not released.
Berry Plastics Corp., a company backed by Apollo Management and Graham Partners, has completed its acquisition of Rexam's specialty and beverage closures business. Terms of the deal were not released. Rexam SBC is a maker of injection and compression molded plastic specialty and beverage closures, jars, and other plastic packaging products. Berry Plastics is based in Evansville, Indiana.
This is What Happens: When you Google “in defense of Michael Arrington.” And, it’s pretty amusing. Snitchin’: This man is about to be jailed for cooperating with the media Ouch: The Times, after ripping Techcrunch, is forced to publish a series of corrections Just for Clarification: Michael Arrington will write for Techcrunch, will not have editorial oversight Can Apple Revolutionize the solar biz?