GupShup, India’s premier social network and group messaging service, raised an additional $10 million from investors including Tenaya Capital, Globespan Capital Partners, Helion Ventures and Charles River Ventures, bringing the company’s aggregate funding to $47 million. VCs Brian Paul, managing director with Tenaya, and Venky Ganesan, MD with Globespan, worked on the deal.
(Reuters) – The Obama administration on Wednesday filed to block AT&T’s proposed acquisition of wireless rival T-Mobile USA because of anti-competitive concerns, two sources familiar with the matter said. Blocking the combination on antitrust grounds would be a big blow to the telecommunication giant’s expansion plans. A Justice Department spokeswoman declined to comment as did […]
Investment firm OrbiMed held a final close of its new fund, Royalty Opportunities S.àr.l., which will focus on acquiring healthcare royalty streams and providing structured debt capital to healthcare companies. The fund, based in Luxembourg, closed with $600 million in commitments.
Baltimore-based Remedi SeniorCare, an institutional pharmacy company, has sealed $60 million of a planned $300 million investment from New York-based Centerbridge Partners. Founding investor Sterling Partners will continue to participated in Remedi's growth, the company said in a release. It is unclear what ownership stakes Centerbridge and Sterling now hold. Specific terms of the investment were not released.
Bregal Capital is in exclusive talks to acquire Irish financial services company IFG Group in a deal that could be valued at 231 million euro ($333.4 million), Reuters reported. IFG Group has agreed to work exclusively with Bregal for up to six weeks.
Los Angeles-based buyout shop Revolution Capital Group has taken a majority stake in the Capital Exchange, or CapXG, an interactive, web-based, networking site serving the financial community, the firm said Wednesday. Terms of the acquisition were not released.
Private equity firm Affinity Equity Partners is in exclusive talks to buy Australian meat producer Primo Smallgoods, Reuters reported. The deal could value the company at as much as $1 billion. Affinity submitted a final bid for the firm in July, backed by financing of about A$580 million from 11 banks. Blackstone Group had previously expressed interest in a stake but did not enter a final bid, Reuters wrote.
In the late 1990’s, I heard a lot of “dotcom” mantras like “it is a land grab,” “get big fast,” and “get eyeballs.” What began as investing based on the bottom line (net income or free cash flow) slowly shifted into investing based on the top line (revenue, bookings, or billings), then shifted more into […]
H.I.G. Europe, the European arm of buyout shop H.I.G. Capital, and its debt affiliate Bayside Capital have acquired UK-based Bezier, a provider of sales marketing services. Specific terms of the deal were not released. Miami-based H.I.G. Capital has more than $8.5 billion of equity capital under management.
The Carlyle Group has invested an undisclosed amount in Houston-based wealth advisor and asset manager Avalon Advisors. The buyout shop snagged a minority stake in Avalon. Terms were not released. Equity for the investment comes from Carlyle Global Financial Services Partners, a $1.1 billion fund that invests in a range of financial services companies. Existing investor Platform Partners also participated in the financing.