According to a new study by the research firm Venture Intelligence, private equity firms invested roughly $2.25 billion across 98 deals in India in the third quarter, ended September 30. For the first nine months of the year, PE investments totaled roughly $8.5 billion, topping the $6.4 billion invested in India in all of 2010, […]
Immucor, the blood transfusion product supplier owned by TPG Capital, has tapped William A. Hawkins as its next CEO, according to its board of directors. Prior to joining Immucor, Mr. Hawkins served as Chairman and CEO of Medtronic. Before joining Medtronic, Mr. Hawkins was the CEO of Novoste, another Atlanta-based medical technology company.
Xfire, the social gaming service, got $4 million in VC backing from Intel Capital. In conjunction with the financing, Xfire has also strengthened the executive team by adding Mark Donovan as President, Juston Brommel as Chief Marketing Officer and Autumn Radtke as Director of Business Development. Xfire was acquired by Titan Gaming from Viacom in August 2010. With this round of financing, Xfire has split from Titan Gaming to operate independently. Xfire is already backed by several prominent angel investors, including Tomorrow Ventures, Clearstone Venture Partners principals William Quigley and Jim Armstrong, PriceGrabber co-founder Kamran Pourzanjani, and MP3.com founder Michael Robertson.
LDiscovery LLC, the Virginia-based technology-based e-discovery solutions firm, has partnered with Westview Capital Partners, the Boston-based private equity firm, for a recap, the company announced. Specifics of the transaction were not revealed.
CI Capital Partners, the New York private equity firm, will acquire Interactive Health Solutions Inc., the provider of health and wellness solutions for terms undisclosed. MidCap Financial, Solar Capital and PennantPark Investment Corporation provided financing for the transaction.TripleTree LLC acted as financial advisor to IHS. Pepper Hamilton LLP provided legal counsel to IHS and Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal counsel to CI Capital.
A Seoul, South Korea, court ruled Thursday that Dallas-based private equity firm Lone Star was guilty of manipulating stock prices in connection with a Korea Exchange Bank unit, Reuters reported Thursday. The ruling is in connection to Lone Star’s proposed deal to sell 51% of KEB to Hana Financial Group for $4.1 billion.
Sony Corp. has secured backing from Abu Dhabi's Mubadala fund and investment bank Raine to help fund its bid for British music company EMI, Reuters reported Thursday, citing news from the Financial Times. Sony will compete with bidders including Universal Music Group and Warner Music Group. Citigroup is seeking $3 billion to $3.5 billion for EMI, Reuters wrote.
Bio-Rad Laboratories Inc., a life science research and clinical diagnostics products company, is paying $162 million in cash to acquire venture-backed biotech company QuantaLife. The sale also includes future milestone payments. Pleasanton, Calif.-based QuantaLife has raised venture capital from investors including Paladin Capital Group.
Blackstone Group’s GSO Capital has acquired Harbourmaster Capital, a European leveraged loan manager. Harbourmaster manages and advises on approximately €8 billion ($11 billion) of assets. The deal is expected to close in early 2012. Terms of the transaction were not disclosed.
ClearChoice Holdings, a developer and manager of dental treatment centers, has inked an undisclosed amount of growth equity financing from buyout shop Catterton Partners. Terms were not released. The money will be used to expand marketing and other growth efforts, ClearChoice said.