Venture capital firm M/C Venture Partners, an early-stage investor in communications, IT, & media, will soon be courting LPs for its seventh fund, set to mirror recent prior vintages of about $550 million, according to a source. M/C Ventures has not hired a placement agent for any of its prior six funds, the source said, […]
Qualtré Inc., the motion sensor supplier, has taken in an additional $10 million in financing from a group of VC investors. Pilot House Ventures and Matrix Partners participated in the financing. Specifics of the investment were not publicized. Stan Reiss, a general partner with Matrix, worked on the investment for the VC.
(Reuters) – A year ago, Mike Maples’s investment firm, Floodgate, was investing in young companies at a pace of two or three every quarter. Now, he’s backed just one startup all year and puts a big chunk of the blame on spiraling price tags. “Relative to the risk I have to take, I can’t justify […]
Axxon Group has closed its most recent fund with $315 million in LP commitments. Axxon Brazil Private Equity Fund II exceeded its original target of $250 million. Stanwich Advisors served as placement agent. Axxon, with offices in Rio de Janeiro and Sao Paulo, is a PE firm that focuses on the small and mid cap market in Brazil.
Goldman Sachs Capital Partners is in talks to buy U.S. Security Associates, sources say. Wind Point Partners, a Chicago PE firm, is the seller. On Thursday, Standard & Poor's LCD reported that Goldman was in the market for a $435 million loan to back its buy of U.S. Security Associates. Goldman, Keybanc Capital Markets and Wells Fargo are leading the financing , LCD said. Goldman Sachs Capital Partners is buying U.S. Security, peHUB has confirmed . In June, an FTC regulatory filing revealed that Wind Point was selling U.S. Security to Valour Holdings. Valour is believed to be the holding company formed by Goldman to buy U.S. Security.
PE-backed Phillips Plastics will acquire Medisize Corp. from Ratos AB and other shareholders. Medisize is a European outsourcer of manufacturing and design services for healthcare companies. White & Case Oy served as local counsel in Finland. Ropes & Gray represented Phillips Plastics Corporation and its parent company, private equity firm Kohlberg & Company. Specifics of the transaction were not publicized.
Listed, Atlanta-based tissue processing and medical device firm CryoLife Inc. will invest $3.5 million in ValveXchange Inc., a private medical device company spun from Cleveland Clinic. CryoLife will make available up to $2.0 million to ValveXchange in additional debt financing through a revolving credit facility. ValveXchange is based in Colorado.
Chinese hypermarket operator Sun Art Retail Group raised $1.1 billion after pricing its Hong Kong initial public offering at the top of an indicative range, Reuters reported Friday. The company is only the second $1 billion-plus Hong Kong IPO this year, after MGM China. As part of the IPO, Sun Art sold $420 million shares to private equity investors, including General Atlantic and Hillhouse Capital Management, which invested $70 million a piece. Buyout shop Arisaig Partners and an affiliate of Bain Capital and French fund manager Carmignac Gestion also invested $40 million each, Reuters wrote.
(Reuters) – A booming IPO market and the lure of high returns kept China’s private equity sector humming in the first half, stoking fear of asset bubbles amid rising concerns over the quality of listed Chinese companies. Fifty private equity funds raised $14.54 billion in China in the first half, doubling the amount raised during […]
Provo, Utah-based Die Cuts With a View, a portfolio company of H.I.G. Capital, has acquired of the assets of Blue Moon Beads. Blue Moon Beads is a designer and supplier of jewelry-making products. Die Cuts With a View is a supplier of paper crafting products, vinyl wall art and other decorative products. The acquisition allows the company to expand its reach into other markets.