South African buyout firm Ethos Private Equity is exiting its investment in sporting goods retailer Holdsport via a $170 million listing on the Johannesburg Stock Exchange next month, Reuters reported. Ethos paid 681 million rand ($99.14 million) for a majority stake in the company in 2006.
(Reuters) – An Illinois-based pension fund with assets of $37 billion is planning to significantly increase its investment in private equity by pumping up to $7 billion in the asset class over the next five years. Private equity firms have struggled to raise new funds since the credit crisis but several are coming back to […]
Charles River Ventures and a group of OneLogin’s existing investors joined to provide the cloud-based identity and access management firm $1.5 million in its Series A round. The company is based in Los Angeles, Calif.
SAN FRANCISCO, June 24 (Reuters) – Top venture-capital firm Kleiner Perkins Caufield & Byers is considering creating a specialized fund that focuses on cloud-based technologies. “We’re big believers in the cloud,” Kleiner’s Matt Murphy told Reuters on Thursday evening. Murphy runs Kleiner’s iFund, a vehicle that focuses on companies that build businesses around Apple Inc’s […]
Henry McVey has joined KKR as head of global macro & asset allocation. He will be an MD and based in New York. Previously, McVey was head of global macro & asset allocation for Morgan Stanley Investment Management. Prior to that, McVey was also a portfolio manager for Fortress Investment Group, focusing on global equities.
GoDaddy Group appears to have found some buyers. Today, several reports said that KKR was leading a group to acquire GoDaddy, an Internet domain-name and hosting company. Silver Lake Partners and Technology Crossover Ventures are part of the KKR group, The Wall Street Journal says.
(Reuters) – Olympic rowing twins Cameron and Tyler Winklevoss are pushing ahead with another suit against Facebook, a day after they decided not to appeal a U.S. Supreme Court ruling upholding their $65 million settlement with Facebook and its founder Mark Zuckerberg. In a status report filed on Thursday with the U.S. District Court of […]
OpenGate Capital has acquired two boxboard-manufacturing subsidiaries of Cascades Inc., the firm said Friday. The two subsidiaries, based in Kentucky and Connecticut, will operated under the brand name Fusion Paperboard. Financial terms of the deal were not released. OpenGate Capital is based in Los Angeles.
Baidu has paid $306 million to buy Chinese travel site Qunar, the company announced Friday. Formed in 2005, Qunar sealed at least $25 million from investors including GSR Ventures, Mayfield Fund, Tenaya Capital and GGV Capital. The company’s site provides real-time searches for air and rail tickets, hotels, and tour packages. The deal is expected to close in the third quarter of 2011.
Private equity firms Bain Capital and Hellman & Friedman have agreed to buy Swedish alarm company Securitas Direct from Swedish buyout firm EQT, Reuters reported. The deal reportedly values the business at about 20 billion Swedish Kronor ($3.1 billion). Bain and Hellman & Friedman beat out a rival consortium of Stanley Black & Decker and Carlyle Group in the deal. Terms of the acquisition were not released.