Rowmark LLC, the portfolio company belonging to Connecticut-based private equity firm Clearview Capital, will acquire Southtech Plastics, the North Carolina-based company. Specifics of the transaction were not immediately publicized. Southtech will be integrated into Rowmark under the division Southtech Decorative Laminations.
(Reuters) – Facebook is not the only game in town anymore. The world’s largest Internet social network moved on Thursday to shore up support with game developers such as Zynga, who provide one of Facebook’s biggest draws, on the same day that Google Inc introduced games on its recently-launched social network. With the two Web […]
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Goldman Sachs is likely to invest about 600 billion won ($555 million) in South Korean private equity fund MBK Partners in its bid for Woori Finance Holdings, Reuters reported this week. The second round of bidding for Woori will close on August 17. Competing local firms TStone and Vogo Fund are also in the running.
Ares Management, an L.A.-based alternative asset manager, has acquired the investment platform of Wrightwood Capital, a provider of debt capital to the U.S. commercial real estate sector. The terms of the transaction were not disclosed, but as part of the deal, more than 40 Wrightwood employees have joined the Ares Private Debt Group to focus on […]
Cambium Learning Group, a Dallas-based, publicly traded education company focused primarily on at-risk and special student populations, announced today that its majority shareholder, the New York-based private equity firm Veronis Suhler Stevenson, is exercising its subscription right to acquire an additional $20 million of common stock in the company. On Tuesday, Cambium reported net income […]
Today, for the umpteenth time, various media outlets got into a huff over the fact that a very small percentage of Zynga’s users make up the biggest portion of its revenue. It wasn’t new news, but what was news is that Zynga restated its revenue to correct an error, adjusting it north three percent. However, […]
ACON Investments LLC, the Washington, D.C. investment firm, has established Saga Resource Partners as a holding company for its acquisition of assets from Saga Petroleum Corp. and other natural gas assets it acquired from an undisclosed seller. ACON led an investor group comprised of the management team of Saga Petroleum Corp., GCP Capital Partners, Wells Fargo Energy Capital, Inc. and Société Générale Investment Corporation in financing the acquisitions. Terms of the transaction were not disclosed.
Morgan Stanley Private Equity has made a majority equity investment in Sterling Investment Holdings. Financial terms weren't disclosed. Sterling Investments was formed to support the growth of Sterling Energy, a Denver-based natural gas gathering, processing and marketing company that serves oil and gas producers.
Private equity firm Meruelo Capital Partners is joining its namesake partner Alex Meruelo in the purchase of the Atlanta Hawks basketball team, peHUB has learned. The deal’s ownership structure has not yet been finalized and it awaits approval from the NBA. Earlier this week, when the NBA formally announced Meruelo as the Hawks’ owner, he […]