Law firm Mayer Brown advised Indigo Capital on the mezzanine financing related to the buyout by private equity house Gilde of the European and Australian Spandex Group, the firm announced Friday. Gilde bought Spandex – a supplier of sign making and display products – from Gerber Scientific Inc. Mayer Brown advised Indigo Capital on the mezzanine financing and senior bridge commitments. Details of the financing were not released.
CVC Capital Partners is arranging with a 300 million euro ($430.5 million) loan to fund its buyout of Raet, the biggest Dutch provider of payroll and human resources software, Reuters reported Friday. CVC has tasked mandated ABN AMRO, BNP Paribas, ING, Lloyds and Rabobank to arrange the debt. CVC is buying Raet from Taros Capital and Advent International. The purchase price, though not released, is reportedly just south of 400 million euros.
As we await President Obama’s post-Labor Day jobs speech, one can only hope his plan puts adequate and effective emphasis on growing the innovation economy. We have all heard small businesses create a disproportionate share of new jobs. Yet, not enough has been done on a federal level to catalyze growth in this sector. As […]
Online music service Pandora saw its second quarter revenue jump to $67 million, a 117% increase, after its first quarter as a publicly traded company. Despite the increase, Pandora posted a net loss of $1.8 million, or 4 cents a share. Advertising revenue was $58.3 million, a 118% year-over-year increase. Subscription and other revenue was $8.7 million, a 112% year-over-year increase, the company announced. The company also said that total listener hours had increased to 1.8 billion hours during the second quarter.
Compass Diversified Holdings has acquired a controlling stake in CamelBack Products, paying $257.5 million. The price is based on a total enterprise value of $245.0 million and included $12.5 million of cash and working capital adjustments, the company said. CamelBak makes hands-free hydration systems.
The Internet is the greatest deregulatory success story of all time There Are Going to be some flops in the solar biz Not a Tiffany’s Ad? But there is a planet out there made of diamond Flipping Over Biscuits and other tales of executive temper tantrums We’re Gonna Catch it when this hurricane strikes Oh, he’ll bat better than .300 in the off-season: Future first-ballot HOF-er Derek Jeter single again
The Carlyle Group is investing $26 million India's Value & Budget Housing Corp., Reuters reported Thursday. The money will be used to fund the building of new, affordable homes. Privately-held VBHC was co-founded by former Citigroup executive Jaithirth Rao.
Bloomberg will acquire BNA, the Bureau of National Affairs, for about $990 million, further deepening the media outlet’s presence in Washington D.C., as well as the company’s Bloomberg Law Platform. The transaction is set to close this year. Further specifics on the deal were not publicized.
Private equity firm TPG Capital will acquire a 30% stake in Saxo Bank, the Denmark-based bank, with an option to increase its stake to 40 percent. Investors, including General Atlantic, Banco Espirito Santo, among others, sold the stake to TPG. Founders Kim Fournais and Lars Seier Christensen will maintain a majority stake, even in the event that TPG exercises its option.
NEW YORK, Aug 24 (Reuters) – Genomatica Inc, which makes chemicals from renewable feedstocks, wants to raise as much as $100 million in an initial public offering to capitalize on burgeoning interest in the green chemistry sector. The San Diego-based company, in a filing with the U.S. Securities and Exchange Commission on Wednesday, did not […]