Executives from the SVB India Advisors arm of Silicon Valley Bank are breaking off to establish a new fund called Saama Capital, according to several news reports. A report in LiveMint.com stated Ash Lilani and Suresh Shanmugham would be among Saama Capital’s managers. Earlier reports of the news were responded to by a SVB flak […]
David Booth will take over leadership of BackOffice Associates LLC, the data governance and migration solutions firm, as President and CEO. The company, founded by Tom and Trish Kennedy, accepted a growth equity investment from GS Capital Partners in May 2011.
Investment firms are being spun out of banks left and right—some, to keep companies in compliance with the new requirements imposed on banks via Dodd-Frank. peHUB has been tracking some of the spin-outs seeking capital, and some others, that have not yet needed to fundraise—but soon, might. While the fundraising market has been generous to some private equity firms, other PE shops could face difficulty bringing in capital absent of their big-brother LPs. Only time will tell....
Richard McLaughlin has joined Merlin Media as a senior director of digital programming. McLaughlin recently served as digital program director at Clear Channel Radio. GTCR, in partnership with Emmis Communications, formed Merlin Media in June to buy radio stations in Chicago and New York.
Dr. David J. Buckeridge was named a partner at Paine & Partners. Dr. Buckeridge has been working with Paine & Partners as an Operating Director.
Falconhead Capital is getting a dividend from denim apparel company Not Your Daughter's Jeans after three years. News of the dividend was disclosed in an announcement from LBC Credit Partners. LBC, a middle market lender, said Wednesday they were part of an $80 million loan that is being used to recapitalize NYDJ Apparel (LBC provided a $10 million senior term loan B that is part of the overall $80 million). The loan rebalances NYDJ's capital structure and provides a distribution to company shareholder's, the LBC statement said. It's unclear how big the distribution is. However, Thomson Reuters Loan Pricing Corp. says NYDJ is using the $80 million loan to pay a $48 million dividend to shareholders, which include Falconhead.
(Reuters) – Avista Capital Partners and Cinven are among four private equity firms bidding for Thomson Reuters Corp’s trade and risk management software business, Kondor, people close to the matter said. Buyout shops Bridgepoint and Montagu have also advanced to the second round of the auction of Kondor, which could fetch between $600 million and […]
JanRain, the provider of social identity management solutions for businesses, collected $15.5 million from investors including Anthem Venture Partners, DFJ Frontier, RPM Ventures, Tim Draper, and founder Larry Drebes with participation from Square 1 Bank. Emergence Capital Partners led the funding round. The company counts MTV, Tribune Co. and Dr. Pepper Snapple Group among its clients.
Confie Seguros, which is backed by Genstar Capital, said Wednesday that it has bought Family Insurance Center. Financial terms weren't announced. Las Vegas-based Family Insurance provides personal insurance lines, including auto, basic homeowners, as well as business insurance.
(Reuters) – Private equity- and venture capital-backed initial public offerings in Asia have surged 77 percent in the year to date to the highest level ever, according to the latest Thomson Reuters data, as funds look to show returns to investors ahead of new fundraisings. With investors wary after an extended period of no returns […]