DayMen Group, which is backed by Brockway Moran & Partners, has agreed to buy JOBY. Financial terms were not announced. San Francisco-based JOBY makes photo, mobile and lighting products.
M/C Partners said Monday it has sold Attenda for £50 million (US$83 million). Darwin Private Equity, which backed a management buyout, was the buyer. Attenda provides managed hosting services for UK enterprises. M/C Partners invested $14 million in Attenda in 2002. Last year, M/C sold Attenda co-location subsidiary, IFL, to Telecity for £21 million (USD $35 million).
David Luse has joined Jefferies as an MD in the firm's financial sponsors IB group. He will be based in Los Angeles. Luse was previously with Bank of America Merrill Lynch where he was an MD. He most recently spent eight years at BofA in their financial sponsor group covering West Coast PE firms.
Relativity Capital and Riveria Investment Group have invested in Jessica's. Financial terms weren't announced. Vernon, Calif.-based Jessica's distributes branded apparel to the offprice market. Creo Capital Advisors provided financial advice to Jessica's.
Private equity firm KKR will appoint DS Brar as a senior advisor. Brar will join the firm in Mumbai, where he will work with KKR on current and prospective investments with the firm. Brar serves on the Boards of MphasiS Limited - a subsidiary of Hewlett Packard, Maruti Suzuki India Limited and Moksha8. He is also Special Advisor to the Board of Directors of Adamas Pharmaceuticals Inc. and a Consultant to Teva Pharmaceuticals.
Dynamic Offshore Resources Inc, a private oil and gas company, filed with regulators to raise up to $400 million in an initial public offering of its common stock. The company received backing in 2008 from the Carlyle Group and Riverstone Holdings.
Jonathan Firestein has been appointed head of private capital for Ascent Private Capital Management of U.S. Bank, the company’s wealth management arm that serves clients with $25 million or more. Firestein will lead the effort to construct the private capital investment platform for Ascent clients, including global investment strategies in venture capital, buyouts, private debt, real estate and real asset investment funds.
The Bank of America is "completing plans" to sell over half of its shares in the China Construction Bank, with a group of Asian and Middle Eastern sovereign wealth funds negotiating to buy, the New York Times reported on Saturday.
Australia's Charter Hall Office REIT, which defeated a management takeover bid from U.S. hedge funds last month, has received a A$1.06 billion ($1.12 billion) bid approach for its Australian portfolio by a consortium led by Macquarie.
Facebook is getting out of the daily deals business after four months of testing, a move that may ease some competitive pressure on industry leaders Groupon and LivingSocial. "After testing Deals for four months, we've decided to end our Deals product in the coming weeks," the company said on Friday in a statement emailed to Reuters.