Bibliotheca Inc. is merging with Integrated Technology Group to form Bibliotheca ITG. One Equity Partners, the PE unit of JP Morgan Chase, is backing the new company. Atlanta-based Bibliotheca supplies flow management technology solutions for library materials. The deal will close in the next few weeks, according to a statement.
NEW YORK, May 2 (Reuters) - Insight Communications Co, controlled by The Carlyle Group, is expected to receive first-round bids over the next two weeks as part of its sale process, three sources familiar with the situation said. The country's ninth-largest cable operator in the United States had hired Bank of America Merrill Lynch and UBS AG in March to run the company sale process.
Lot18 said Monday that it has completed a $10 million series B financing round led by NEA Ventures. Tom Grossi, a New Enterprise principal, will join Lot18's board along with Amish Jani, a FirstMark Capital MD. Lot18 is a membership by invitation website for wine and epicurean products.
Today, we have yet another secondary deal between private equity firms. Castle Harlan is buying Securus Technologies from H.I.G. Capital, according to my companeros at Thomson Reuters Loan Pricing Corp. Castle Harlan is currently in the market for a $365 million loan to back the deal. BNP Paribas and GE Capital are leading the financing. In April, Securus also applied with the FCC to transfer control of the company to "Connect Acquisition Corp." which is owned by Castle Harlan.
KPS Capital Partners’ HHI Group Holdings LLC, maker of forged automotive parts, will enter into a joint venture with Zhejiang 8+1 Precision Machinery Co. and C&U Americas, LLC to form Mapleland Precision Forge Co. Ltd. HHI Group, formerly named Hephaestus Holdings, has completed numerous deals and recaps since KPS’ initial investment.
NEW YORK, May 2 (Reuters) – JPMorgan Chase & Co. lost two West Coast technology investment bankers to competing firms last week, according to a source familiar with the matter. Mark Solomons, a managing director who was responsible for technology mergers and acquisitions at JPMorgan, will be joining Morgan Stanley’s technology group in Menlo Park, […]
SRA International said Monday that a 30-day go-shop has ended. On March 31, SRA agreed to be sold to Providence Equity Partners for $31.25 a share cash. The parties, at that time, agreed to a go-shop where SRA could solicit interest from third parties. Fairfax, Va.-based SRA, which provides technology and strategic consulting services, said it contacted 50 parties, including 29 strategics and 21 financial sponsors, but didn't receive any alternative bids during the time period.
Advent International said Monday that it has acquired TES Vsetin and MEZservis. Financial terms were not announced. TES, of Vsetin, Czech Republic, makes power generators and components used to produce hydro, wind and non-renewable energy generation. MEZservis provides engineering and maintenance services. Penta Investments, the seller, acquired TES Vsetin in 2008 and MEZservis in 2010.
Vinum Capital Management, a private equity management company focused on the wine industry, has backed the acquisition of the Buena Vista Carneros winery by Boisset Family Estates. Boisset bought the winery from Ascentia Wine Estates and Entertainment Properties Trust. Terms of the deal were not released. Vinum Capital said that it facilitated the financing and structuring of the transaction.
Blackberry developer Research In Motion has acquired Ubitexx, a developer of smartphone security technology. Terms of the deal were not released. Ubitexx was backed by investors including Target Partners and BayBG. With the new technology, Research in Motion said that it would launch a multi-platform solution for managing and securing mobile devices for enterprises and government organizations.