Serent Capital will invest in C2 Educational Systems, a provider of enrichment centers for K-12 students. David Kennedy, a co-founder and general partner with Serent, worked on the transaction. C2 was advised on the transaction by Arlington Capital Advisors.
(Reuters) – Electronic Arts Inc, the video game publisher, is buying PopCap Games in a deal worth up to $1.3 billion as it tries to ramp up its social and casual games portfolio and better compete with Zynga Inc. As part of the deal, EA said it will pay about $650 million in cash and […]
Portfolio Advisors announced Wednesday the final close its fourth real estate fund-of-funds with $400 million in total commitments. Portfolio Advisors Real Estate Fund IV has been making commitments to primary funds and purchasing direct secondary fund interests since its initial closing in 2009, the firm said. Portfolio Advisors's prior fund, PAREF III, raised $147 million in 2008.
Torque Capital Group has bought Triumph Precision Castings Co., of Chandler, Ariz., and Norcross, Ga.-based Dynamic Turbine in separate deals. Financial terms were not announced. The companies produce rotating blades, vanes, shrouds and other parts used in the hot gas path section of turbine engines. Torque Capital is a New York PE firm.
WRM America Holdings, a specialty lines property and casualty insurance and risk management holding company backed by Aquiline Capital Partners, will buy the flood insurance business of publicly traded Fidelity National Financial Inc. The business will operate as a wholly-owned subsidiary of WRM America, the company said. Aquiline Capital focuses on financial services investments across industries such as property and casualty insurance, banking, securities, asset management, life insurance and financial technology.
Newly created Hi Capital Corp. has grabbed more than 20% of Russian drug retailer Pharmacy Chain 36.6, Reuters reported. According to Reuters' estimates, the deal could total about $70 million. No terms were released.
After roughly a year of talks with various private equity firms, Nokia and Siemens have ditched plans to sell a stake in their joint venture Nokia Siemens Networks, Reuters reported. The companies had been in talks with private equity groups including Gores Group, Reuters said.
NewSpring Capital led a mezzanine investment in CODi, a maker of laptop computer carrying cases and accessories, the firm announced. Terms of the deal were not released. CODi is based in Harrisburg, Penn., and will use the new capital for expansion.
Sun Capital Partners and fashion design company Kellwood will acquire Amsterdam-based fashion brand Scotch & Soda. Terms of the deal, which is expected to close in August, were not released.
Private equity firm TA Associates has completed its investment in Stadion Money Management, a 20-year-old investment management firm. Terms of the deal were not disclosed. As a result of the financing, M. Roy Burns, a principal at TA Associates; and Roger B. Kafker, a managing director at TA Associates, joined the company's board.