SHANGHAI, April 21 (Reuters) - Chinese online video website Tudou Holdings is still planning to go public in the United States and is on schedule for its listing, a company spokeswoman told Reuters, after rumors circulated in the market that the company could be up for sale to a rival. The company’s backers include Temasek Holdings, IDG Technology Venture Investment, Granite Global Ventures, General Catalyst Partners, Jafco Asia, KTB Ventures and JAIC....
Los Angeles-based private equity firm Abacus Financial has acquired Houston-based STAR Concrete Pumping Co. Terms of the deal were not released. With the deal, Abacus Financial–which focuses on commercial real estate and operating companies–adds to its portfolio of concrete-related investments. STAR Concrete provides concrete pumping delivery services throughout the United States, Canada, and the northern part of South America.
LDC, a middle-market private equity firm and part of the Lloyds Banking Group, has paid 47 million pounds ($77.8 million) for a majority stake in hosting company UK2 Group Inc. Formed in 1997, UK2 Group is a provider of domain name registration and web-site hosting services. UK2 Group has offices in London and Utah.
Commander On-Line: President Obama visits the Facebook HQ How Much for Where: eBay’s Where Inc. deal nets VC backers a $135M exit Still Looking Up: Economists paint an upbeat picture of the U.S. economy Closing Arguments: Rajaratnam’s trial closing in on a verdict
Goldman Sachs’ private equity funds will pay up to $291.6 million for a 19.9% stake in Enstar Group, company that invests in insurance and reinsurance companies and portfolios, Reuters reported. GS Capital Partners has invested $110.2 million to date in Enstar. The funds plan to invest additional money, following approval by regulators and Enstar shareholders, Reuters reported. Bermuda-based Enstar focuses on companies and portfolios that are no longer writing new policies, known as being in "run off."
Buyout shops Carlyle Group and TPG Capital are in talks to launch a joint effort to buy a $1.5 billion stake in Malaysia’s RHB Capital, Reuters reported. Abu Dhabi Commercial Bank owns the stake. The buyout firms have hired an investment bank to advise them on the potential offer, though the name of the bank was not released. Goldman Sachs and Bank of America-Merrill Lynch are running the auction for Abu Dhabi Commercial Bank, Reuters said.
Today, we finally have more information about the sale of Vision Source to Brazos Private Equity Partners. Charlesbank Capital Partners and H.I.G. Capital revealed Wednesday that they are the sellers of Vision Source, which is a unit of TLC Vision. Brazos, a Dallas PE firm, announced they invested in Vision Source last week, but didn't give out much information. Brazos said they made a "significant" investment in Vision Source.
NEW YORK, April 20 (Reuters) – EBay Inc. said it would buy Where, a company that delivers local advertising to mobile phones, in its latest push to allow more retailers to do business with customers through its services. The deal marks an exit for GrandBanks Capital and Kodiak Venture Partners, which bought into Where’s parent, […]
Buyout shop Berkshire Partners is in talks to buy Husky Injection Molding Systems in a deal that could be worth up to $2 million, Reuters reported. The company is currently owned by Canadian buyout shop Onex, and saw interest from Bain Capital and several other private equity firms in earlier stages of the auction. Onex bought Husky for nearly $1 billion in 2007.
School of Rock said Wednesday that it has received an additional $3.5 million investment from Sterling Partners. School of Rock provides music education for kids and operates 69 schools in 25 states and Mexico. Sterling, a PE firm with offices in Baltimore, Md., Chicago and Miami, is the majority shareholder of School of Rock.