After a little more than two years, Platinum Equity may be exiting the San Diego Union- Tribune. The Union-Tribune has tapped Evercore Partners to search out alternatives for the newspaper, confirmed Mark Barnhill, a Platinum Equity spokesman, in an emailed response to questions. “As we plan the next phase of the Union-Tribune’s development, the company has retained Evercore Partners to help evaluate strategic alternatives," Barnhill wrote. "We manage a large and complex investment portfolio, and routinely consider a range of options that will best position our companies for the future."
Alden Global Capital has acquired the Journal Register Co., which publishes the New Haven Register and the Oakland Press. Financial terms weren't disclosed. In February 2009, the Journal Register filed for Chapter 11 bankruptcy protection and emerged later that year. Alden was reportedly one of the Journal Register's investors.
Middle market investment bank Harris Williams & Co. is announcing that it advised the clinical documentation intelligence startup Webmedx on its sale to Nuance Communications. The deal brings scale to the company’s Nuance Healthcare division, according to Burlington, Mass.-based Nuance. Customers of Atlanta-based Webmedx include more than 100 hospitals, including Bon Secours Health System and […]
The Minneapolis-based middle market firm Norwest Equity Partners has completed the sale of its ownership interest in Blaine, Minn.-based Lindstrom Metric, a distributor of metric “fasteners” (also known as screws). The buyer: Harbour Group, a St. Louis, Missouri-based operating company. Norwest bought its stake in Lindstrom five years ago. Terms of the sale weren’t disclosed. PRESS […]
LONDON, July 14 (Reuters) – Private equity firm Permira is eyeing a listing of pay-television technology firm NDS, a person familiar with the matter said, holding out the possibility of a rare piece of good news for its minority partner News Corp. Permira, which took NDS private in 2009 in a deal valuing the business […]
Apica, the load testing and performance monitoring provider for cloud and mobile applications, has closed a $2 million Series B round with the help of investors KTH Chalmers Capital, Industrifonden and ALMI Invest. ALMI Invest joins as a new investor. Johan Englund, Investment Manager with Industrifonden, and Jonas Rahmn, partner at KTH Chalmers Capital, worked on the deal.
After decades of on-again, off-again forays into corporate venture capital, companies have turned their engines on again. Last year, technology-oriented corporations invested $1.9 billion in venture capital deals, up from $1.35 billion in 2009, and this brisk 40 growth rate is on track for a repeat performance this year. The corporate world realizes it has […]
Comcast-Spectator said late yesterday that they have agreed to sell the Philadelphia 76ers to a group led by Joshua Harris, an Apollo Global Management co-founder. David Blitzer, a Blackstone Group senior MD, is part of the group. Financial terms were not disclosed. Apollo and Blackstone were not part of the sale. The deal, which needs approval by the NBA's board of governors, is believed to be valued at under $300 million.
New York-based American Securities Opportunities Fund has closed its second fund with more than $753 million of committed capital, the firm announced Thursday. The fund focuses on investments in public or private companies in distress, or trading at distressed levels.
Charlotte, N.C.-based buyout shop Ridgemont Equity Partners bought a majority stake in Aurora Parts & Accessories, a distributor of aftermarket and replacement semi-trailer parts and accessories. Financial terms of the deal were not released. Aurora is based near Indianapolis. NXT Capital, DE Shaw Direct Capital Portfolios and BB&T Capital Partners Mezzanine Fund II provided financing for the deal.