The Carlyle Group is in talks to buy drug research services provider Pharmaceutical Product Development Inc., Reuters reported Monday. A sale of PPD could fetch around $4 billion, according to industry analyst predictions this summer. Bloomberg first reported news of the talks.
Utah-based HzO Inc., which makes technology for consumer and industrial electronic assemblies, has raised $7 million from Harris & Harris Group, Prudence Holdings and Pike Capital Partners. The company, which is majority owned by Zagg Inc., also saw an additional investment from Zagg. The funding will help HzO launch its technology into the market.
Thought Equity Motion Inc., a Denver-based provider of video platform and footage licensing services, has raised $25 million from Shamrock Capital Advisors. The money will help Thought Equity with growth efforts, including the expansion of its cloud storage infrastructure. Shamrock is a Los Angeles-based private equity firm focused on media, entertainment and communications.
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The commercial arm of the British broadcaster BBC is selling a group of magazines to buyout shop Exponent Private Equity, Reuters reported. The deal is valued at 121 million pounds ($198 million). The sale is part of the BBC’s strategy to focus on video and digital services, Reuters said.
(Reuters) – Google’s $12.5 billion bid for Motorola Mobility brought a 9 percent gain for the beaten-down stock of tech rival Research In Motion on Monday as investors calculated what a similarly bulging premium would do for the BlackBerry maker’s asking price. But it also means one more well-heeled suitor has shunned RIM as a […]
Drew McCartney has joined BelHealth Investment Partners' operating committee. Recently, McCartney served as the Executive-In-Residence at DW Healthcare Partners. Port Washington, N.Y.-based BelHealth is a PE firm focused on the small-cap healthcare industry.
Since my last post debunking the five alleged myths of entrepreneurs triggered more than a few comments and thoughtful reactions, I wanted to respond collectively to them. First let’s start out with venture capital performance as an asset class. Over the last ten years, it has been terrible. On an absolute basis the returns are […]
LONDON, Aug 15 – U.S. agriculture group Cargill is buying animal feeds producer Provimi from private equity firm Permira for 1.5 billion euros ($2.1 billion), the companies said on Monday. The deal will see Permira earn about 2.3 times its initial equity investment, a person familiar with the situation said, allowing the firm to return […]
Google wants to fundamentally alter its DNA within the web economy, and the deal it just struck with Motorola will ensure this. The company is also going to smack down some rivals it recently equivocated to patent trolls along the way. In the last 24 months, Google developed several new verticals within its business, expanding […]