Swedish investment firm Bure Equity has inked an agreement with Hereditas to acquire a 20.11 percent stake in Fondita. No financial terms were disclosed. Based in Helsinki, Finland, Fondita is an equity fund manager.
Sequential Brands Group is to acquire Galaxy Brand Holdings. The Carlyle Group, which has a majority interest in Galaxy, will be granted one seat on Sequential’s board of directors and will become a significant shareholder in the company.
Sun European Partners is to sell its investment in DBApparel, a designer and manufacturer of branded ladies and men’s intimate apparel, to HanesBrands Inc. The business is headquartered in Rueil-Malmaison, France.
Equitas Capital has sold its stake in buuteeq. Buuteeq was acquired by The Priceline Group. Terms of the deal were undisclosed. Buuteeq was founded in Chile and is now headquartered in Seattle and powers web sites for hotels around the world.
Segulah IV is to acquire Lokaltidningen Mitt i. The seller is VLT AB, part of Stampen Media Group.
UK online discretionary wealth manager Nutmeg.com has raised $32 million. Existing investors include Tim Draper and Daniel Aegerter (Armada Investment Group). New investors include Carphone Warehouse founder Charles Dunstone, asset management firm Schroders and Balderton.
Vitruvian Partners has acquired JacTravel Group from Bowmark Capital. JacTravel Group is a B2B hotel accommodation wholesaler and provider of inbound travel services.
VPS Acquisitions, a company owned by TDR Capital, has sold VPS Holdings to PAI Partners. VPS is a European property specialist.
This morning in First Read find out the best and worst states to be unemployed in, Nebraska Investment Council is hiring for a state investment officer and Greenbriar closes Fund III on $1.1 billion.
Loral Space & Communications Inc's efforts to sell itself and its main asset, Telesat Holdings Inc, broke down after the company failed to agree on a potential US$7 billion deal with the buyer group, sources told Reuters. Loral rejected an offer from a consortium involving Ontario Teachers Pension Plan and another Telesat shareholder, Public Sector Pension Investment Board (PSP), which valued Loral at more US$80 per share. PSP, which has a 35.3 percent economic interest in Telesat and 66.7 percent of the voting power, was working with Teachers, which emerged as the preferred buyer after months of a sale process.