Weil, Gotshal & Manges LLP will add Rodney L. Moore to its ranks as a partner as it looks to expand midstream and upstream energy deal-making capabilities of its PE practice. Moore comes from Vinson & Elkins LLP and will work in Weil’s Houston and Dallas offices.
(Reuters) – Microblogging service Twitter is seeking to raise “hundreds of millions of dollars” in a new funding round, according to the Wall Street Journal. The new round values the company at as much as $7 billion, the newspaper reported, around the same as recent transactions in Twitter stock on the secondary market. “We don’t […]
Piazza, the online Q&A platform shared by students and instructors, will take $1.5 million in seed funding from investors including Sequoia Capital, Felicis Ventures, Kapor Capital and SV Angel. Partners on the deal include, from Felicis, Aydin Senkut, and from Sequoia, Bryan Schreier.
There are plenty of reasons to make a deal. Some targets have a crown jewel asset that is critical to the buyer’s strategic direction. Others have key customers that the buyer would love to add for future growth. Often, there are synergies between the companies that make the combined entity more valuable than the sum […]
Barra Energia, the Brazilian oil and gas company based in Rio de Janeiro, has closed a deal to buy the remaining 10 percent of Royal-Dutch Shell‘s stake in a deep-water subsalt exploration block off Brazil’s coast. Shell said the sale was part of a previously announced reshuffle of its asset portfolio. It plans to continue investing in Brazil and expects […]
Listed, Georgia-based blood transfusion systems developer Immucor agreed to a deal just south of $2 billion with private equity firm TPG Capital, and earned itself a go-shop clause until August 15, 2011 to get itself a better deal. Goldman, Sachs & Co. acted as financial advisor to Immucor, Inc. and King & Spalding LLP acted as the Company's legal advisor. Ropes & Gray LLP acted as legal advisor to TPG Capital. Citi and J.P. Morgan Securities LLC acted as financial advisors and provided fully committed financing to TPG Capital.
The buyout arm of Standard Chartered paid $98 million for a 12% stake in Redington India, a supply chain management company, Reuters reported. Taiwan-based Synnex Technology International Corp., a strategic investor in the company, reportedly cut its stake in Redington.
China's Hsu Fu Chi International Ltd., a maker of candy and pastries, is in talks with Nestle SA and other overseas companies about a potential buyout, Reuters reported Monday. Hsu Fu Chi is roughly 55% owned by the Hsu family and 15% held by Barings Private Equity.
Private equity firm Advent International is in exclusive talks to acquire HgCapital’s Mondo Minerals B.V., the company revealed. Specifics on the transaction were not publicized. Guillaume Darbon, a managing director with Advent, and Michael Ogrinz, are working on the deal. Advent was advised by HSBC (M&A), Allen & Overy (Legal), KPMG (Financial and Tax Diligence), BCG (Market Diligence), ERM (Environment) Creative Value / Olivier Quenardel (Industry Advisors). Senior acquisition debt is being arranged by BNP Paribas (acting through Fortis Bank SA.NV), IKB Deutsche Industriebank AG and RBC Capital Markets, and mezzanine acquisition debt by Ares Capital Europe Limited.
(Reuters): TPG Capital has hired one of Bain Capital's Chinese dealmakers as competition for deals -- and the players who source them -- heats up in China's booming private equity market, sources familiar with the matter said on Tuesday. Jingsheng Huang, a Shanghai-based managing director who had been with Bain since 2005, will start in his new role in late August, said one of the sources, who declined to be named because the matter was not yet public.