BuyWithMe, the New York daily deals and social commerce company, has hired former Patch/AOL veteran Charlie Gray as its Chief People Officer to implement growth strategy, focus on hiring and retention and earmarking areas for expansion.
British media group Daily Mail & General Trust is selling its U.S. retail trade show management business to private equity firm Providence Equity Partners, Reuters reported Tuesday. The firm is paying about 106 million pounds ($174.2 million) for the business, George Little Management. The transaction is expected to complete in late September.
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E-commerce software company iCongo, which is backed my middle-market private equity investor Huntsman Gay Global Capital, has completed its merger with Hybris, a commerce software company. The companies’ management teams and shareholders invested alongside Huntsman Gay to retain a significant minority ownership stake. Terms of the deal were not released. The new company will operate under the Hybris name.
Medical technology company Convatec has bid more than $6.3 billion for medical device company Kinetic Concepts Inc., Reuters reported, citing the Swedish daily Dagens Industri. Apax Partners announced a $5 billion offer for Kinetic last month. When including debt, that debt was worth about $6.3 billion, Reuters said. Convatec jumped into the race during the so called “go-shop period.” Convatec is backed by private equity firms Nordic Capital and Avista Capital Partners.
Jo-Ann Stores said Monday that Travis Smith was promoted to CEO effective immediately. Smith is replacing Darrell Webb, who became interim CEO of Sports Authority today after David Campisi resigned. Webb will retain his position as chairman of Jo-Ann's board. Jo-Ann and Sports Authority are both owned by Leonard Green & Partners.
ADERANT, which is backed by Vista Equity Partners, has completed its buy of CompuLaw. Financial terms weren't disclosed. Los Angeles-based CompuLaw provides automated court rules-based legal calendaring software. News of the deal was disclosed by Clear Capital Advisors, which provided financial advice to CompuLaw.
Warburg Pincus confirmed Monday that Charles Carmel has joined as an MD in its San Francisco office. Carmel recently served as Cisco Systems' VP of corporate development. My coworkers at Thomson Reuters said Carmel was Cisco's top dealmaker and led the tech giant's acquisitions of WebEx and Scientific Atlanta. Before joining Cisco in 2001, Carmel was at Goldman Sachs, where he was a member of the technology investment banking group. Pat Hackett, who heads Warburg's technology, media and telecommunications group, said in a statement that he's pleased Carmel is joining the buyout shop. "Charles’ experience and expertise in venture capital, M&A and technology are an excellent fit with Warburg Pincus’ growth-oriented approach to investing," he said.
DeltaPoint Capital Management said Tuesday that Kevin Halpin was named MD while Jason Hall was promoted to VP. PRESS RELEASE DeltaPoint Capital Management, LLC is pleased to announce that Kevin M. Halpin has been promoted to Managing Director, and Jason R. Hall has been promoted to Vice President. Kevin M. Halpin Managing Director Mr. Halpin […]
IWP International is selling Polbita Sp. zo.o, which owns and operates Drogerie Natura, to Interchem. Financial terms wasn't announced. IWP is a portfolio company by Strategic Value Partners . Drogerie Natura is a Polish personal care retail chain.