Google Capital has made a minority investment in K12 assessment and learning analytics company Renaissance Learning at a valuation of $1 billion. A Google Capital representative will join Renaissance's board of directors. Renaissance Learning was acquired by Permira in October 2011.
Prospect Partners has participated in a management-led recapitalization of Wedgewood Wedding and Banquet Centers, a Temecula, California-based provider of full-service wedding and banquet services. Wedgewood is the ninth platform company in Prospect's $200 million third fund, which closed in 2010.
Thoma Bravo, which is out fundraising for its latest pool, is getting more love from LANDesk Software, sister news service peHUB reported.
Thoma Bravo, which is out fundraising for its latest pool, is getting more love from LANDesk Software.
The Superior Court of Québec has approved the acquisition of Novik Inc (TSXV: NVK) by U.S. private equity firm Clearview Capital. As a result, the previously-announced deal, which is valued at approximately $45 million, has been closed. Trading of the company's shares on the TSX Venture Exchange was halted before the opening of the markets on February 14th. Founded in 2004, Novik is a designer, manufacturer and distributor of polymer exterior siding, roofing coverings and accessories. The company's office is in Saint-Augustin-de-Desmaures, Québec.
Annapurna Capital Management has closed its buy of Cimarron Acid Services. No financial terms were disclosed. Based in Fairview, Oklahoma, Cimaroon is a provider of pressure pumping services to the midcontinent oil and gas industry.
U.S. chemical manufacturer Ashland Inc , which is under pressure from activist investor Jana Partners, said it would sell its water technologies unit to a fund managed by Clayton, Dubilier & Rice for about $1.8 billion.
Dallas private equity firm Valesco Industries has made an undisclosed investment in Allgoods. Headquartered in Arlington, Texas, Allgoods is a provider of apparel-oriented fundraising and spirit items to high schools in the U.S.
Pavonis Capital has acquired a "significant" stake in StoryVine. No financial terms were disclosed. StoryVine is a video startup.
TPG and Shanghai Fosun Pharmaceutical have agreed to acquire Chindex International for approximately $369 million. According to terms of the agreement, the buyers will purchase all outstanding shares of Chindex's common stock for $19.50 per share in cash. The transaction is expected to close in the second half of 2014. Morgan Stanley is serving as financial advisor to Chindex on the transaction while Goldman Sachs is advising TPG. Chindex is a American healthcare company that provides healthcare services in China.