(Reuters) – The Los Angeles Dodgers filed for bankruptcy protection, blaming Major League Baseball Commissioner Bud Selig for rejecting a television deal with Fox Network to give the financially strapped baseball team a quick injection of cash. Monday’s filing marks a dramatic attempt by Dodgers owner Frank McCourt to keep the league from seizing the […]
Blue Point Capital Partners has recapitalized Elyria, Ohio-based Alco Manufacturing, a provider of close tolerance precision-machined steel components. Blue Point Capital Partners is a lower middle market private equity firm. KeyBank and Prudential Capital provided debt financing for the deal. Terms of the deal were not released.
GSV Capital Corp. has acquired a small stake in Facebook at a valuation of about $70 billion, Reuters reported. The firm bought up 225,000 shares at an average price of $29.28 per share. Facebook has roughly 2.4 billion outstanding shares, Reuters reported. Woodside, California-based GSV Capital invests in high growth, venture capital backed companies.
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Chicago-based Water Street Healthcare Partners has acquired MarketLab Inc., a distributor products to the clinical laboratory, hospital nursing and magnetic resonance imaging markets. The company is headquartered in Caledonia, Mich. Water Street said that it is committing up to $70 million of equity financing to both acquire, and grow, MarketLab.
MBF Healthcare Partners has acquired a minority stake in Vero Beach, Fla.-based eMindful Inc., a provider of technology-enabled health and wellness solutions. Financial terms of the deal were not released. MBF Healthcare Partners is based in Coral Gables, Fla.
Private equity firm Bridgepoint is backing a management buyout of SPP Process Technology Systems from its parent company Sumitomo Precision Products, the firm announced. SPP Process Technology Systems designs, develops and manufactures equipment used in the production of devices on semiconductor substrates. Financial terms of the deal were not released. SPP Process has operations in Newport, Wales, and in San Jose, Calif.
Korean private equity investors Vogo Fund and MBK Partners are considering a bid in the government's continuing $6 billion auction of a stake in Woori Finance Holdings, Reuters reported Monday, citing a report in the Maeil Business Newspaper. The Woori sale is the country's biggest-ever privatization project. The government is planning to accept letters of intent to buy at least 30 percent of Woori by June 29, Reuters wrote.
(Reuters) – Mobile location based start-up Foursquare raised $50 million in a round of financing lead by venture capital firm Andreessen Horowitz, the company said on Friday. With this latest round of funding, the New York-based company is valued at about $600 million, according to a source familiar with the deal. O’Reilly AlphaTech Ventures, Union […]
The private equity arm of French insurer AXA is buying a majority stake in telecom provider Outremer, Reuters reported. Apax Partners and Outremer’s Chief Executive Jean-Michel Hegesippe are selling the 52.26% stake, Reuters wrote.