nCircle, a San Francisco
BSG Alliance Corp., an Austin, Texas-based provider of on-demand enterprise software, has acquired The Contours Group, a Houston, Texas-based corporate/IT strategy and executive education. No financial terms were disclosed. BSG announced earlier this month that it had raised $20 million in VC funding from Foundation Capital, Hummer Winblad Venture Partners and Powershift Ventures. www.bsgalliance.com www.concoursgroup.com
SANTA CLARA, Calif. (AP) – STMicroelectronics NV and Intel Corp. said Tuesday they will create a new independent semiconductor company which will supply flash memory devices for cell phones, MP3 players, digital cameras, computers and other high-tech equipment. The Swiss and American chipmaking giants said the new company will be comprised of assets which generated […]
SolarWinds, an Austin, Texas-based provider of network management software for the SMB/SME market, has acquired Neon Software Inc. of Lafayette, Calif. and ipMonitor Inc. of Gatineau, Quebec. SolarWinds has raised around $48.5 million in VC funding from Bain Capital Ventures, Insight Venture Partners and Austin Ventures. www.solarwinds.net www.ipmonitor.com www.neon.com
Thomson Financial has just released an M&A and Private Equity Snapshot, for year-to-date 2007. Here it is: M&A Snapshot.xls Bullet points include: * Private Equity M&A accounts for 20.5% of year-to-date M&A activity, up nearly 4 percentage points from last year at this time. Private Equity activity in the U.S. accounts for 35% of overall […]
Goldman Sachs and SBI Holdings today announced a joint investment program, which will deploy approximately $820 million for mid-sized Japanese companies over the next three years. And it seems that Goldman might already have some targets. According to a May 17 client research report, Goldman has identified 64 listed Japanese companies that it believes would […]
All the private equity rage today is Alltel Corp., which agreed to be acquired for $27.5 billion by TPG and Goldman Sachs. If successful, it would be the eighth-largest leveraged buyout in history – sandwiched between pending deals for First Data and Clear Channel. Here are the top ten leveraged buyouts in history, according to […]
The Blackstone Group has set terms for its initial public offering, just one day after confirming that it would sell a $3 billion non-voting stake in its management company to the government of China. The IPO terms work out to around 133.33 million common units being offered at between $29 and $31 per unit, which […]
Warner Music Group will offer EMI Group a sweetener of up to Gbp100 million if its latest bid for the troubled British music group is blocked by regulators, according to a report in The Sunday Times. The report said the size of the payment reflects the confidence of Edgar Bronfman, Warner's chairman, that a Gbp4.6 […]
ReAble Therapeutics Inc., a rehabilitation and orthopedic device company, has agreed to acquire Iomed Inc. (AMEX: IOX), a manufacturer of drug-delivery devices used primarily for the management of pain. Iomed shareholders would receive $2.75 per share in cash, for a total transaction value of approximately $22 million. ReAble was taken private last November by The […]