JMI Equity has made a $30 million investment in BrightLine, a provider of marketing services for the interactive TV advertising sector. JMI will have a minority interest in BrightLine. JMI General Partner Brad Woloson will take a seat on the BrightLine board. New York-based BrightLine’s customers include Unilever, GlaxoSmithKline, Intuit and Cisco.
Buyout shop Mid Europa Partners is reportedly mulling a purchase of Polish retailer Emperia's store chains, according to Reuters. Emperia is valued at about $500 million, and last month launched a tender for its retail arm, which includes store chains Stokrotka, Groszek and Lewiatan, Reuters wrote. Mid Europa recently bought another Polish retailer, Zabka, from Penta Investments.
Buyout shop EQT acquired Atos, a supplier of medical rehabilitation products for patients who’ve undergone the surgical removal of the larynx. EQT bought the company from Nordic Capital. Terms of the sale were not released.
Here we go again – the lenders are out in full force, aggressively marketing to borrowers and eager to deploy capital. It wasn’t that long ago when we dreamed that these days would return and now they are upon us. Interestingly, with the advent of unitranche debt and the increasing number of hedge funds and […]
Publicly traded Autodesk Inc. has acquired Pixlr, a free online service for creating, editing and sharing images. Terms of the deal were not released. Pixlr service was started in Sweden in August 2008, and the company’s founders will now join Autodesk.
CVC Capital is close to reaching a $1.9 billion deal for software company ConvergEx, Reuters reported, citing Bloomberg. ConvergEx, which provides software for brokerage and investment technology firms, filed in May to raise up to $400 million in an initial public offering.
Standard Chartered’s private equity arm has put $56 million into Varun Beverages International, a distributor of PepsiCo Inc. products, Reuters reported. The money is aimed at helping Varum grow its business in India. Varum operates in India, Sri Lanka, Nepal and Morocco.
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New York social media agency Big Fuel has sold a stake to Publicis Groupe, the listed, Paris-based advertising and communications company. Publicis Groupe will acquire a 51% stake for terms undisclosed and will have an opportunity to acquire Big Fuel entirely in 2014. The Jordan Edmiston Group represented Big Fuel in the deal.
NEW YORK, July 18 (Reuters) – Borders Group Inc., the second-largest U.S. bookstore chain, said it has canceled an upcoming bankruptcy auction and will close its doors for good. The company said in a statement Monday it was unable to find a buyer willing to keep it in operation and will sell itself to a […]