Apollo Global Management has agreed to buy Gulf Stream Asset Management, which manages a portfolio of Collateralized Loan Obligations and has more than $3 billion under management. The deal is expected to close during the third quarter. Terms were not released. Gulf Stream Asset Management is based in Charlotte, N.C., with offices in New York.
Whoa! Twitter valued at $8 BILLION in new round Going Mo-biiile: Bill Seibel sees more opportunities in the mobile industry Secondary Update? ReachLocal may take on new capital Boston Life Sciences Update: From the gang over at Xconomy
Private equity firm Paine & Partners said that it will buy Scanbio Marine Group, producer of fish protein concentrate, fish meal and fish oil, from its parent company Scanbio AS. Scanbio AS is owned by Rolf Eide, Per Arne Eide, Nordic secondary direct fund Verdane Capital IV and other shareholders. Terms of the deal were not released. Scanbio is based in Trondheim, Norway.
South Korea's Hana Financial Group agreed to cut the acquisition price for a controlling stake in Korea Exchange Bank from U.S. fund Lone Star by 6% to $4.1 billion, Reuters reported. The two parties also extended the deadline for the KEB deal to the end of November.
The Carlyle Group is in talks to buy energy-focused buyout shop Energy Capital Partners, according to the New York Times. Short Hills, New Jersey-based Energy Capital Partners has raised about $7 billion in equity funds. Carlyle has roughly $106.7 billion under management.
True Ventures, an early-stage VC fund based in San Francisco, will soon announce it has closed a $200 million fund, according to sources. The VC’s fundraising trajectory has been rapid. Only a few weeks ago, it revealed in a S.E.C. filing that it was raising $200 million. At the time, it had yet to reel […]
Biz Stone, who earlier this summer left Twitter with co-founder Jack Dorsey’s return to the CEO role, is now taking a strategic advisor’s role with one of his first funding partners, Spark Capital. In a blog post earlier today, Spark general partner Bijan Sabet announced Stone would join as a strategic advisor. The VC is […]
PetFlow.com, the online store specializing in pet needs and product delivery, has raised $10 millino from investors including Lightspeed Venture Partners, the startup announced. Juistin Caldbeck, managing director with Lightspeed, worked on the transaction for the VC.
IDG Ventures backed Wondershare Software with a second round of financing to fuel the company’s ongoing growth in the software marketplace. Specifics of the investment were not publicized. Headquartered in Shenzhen, China, Wondershare has branch offices in the USA, Germany and Japan.
Jason Miller was named a principal at Olympus Partners, according to a statement Thursday. Miller was previously a vice president at Olympus.