TPG Growth and Servco Pacific are finally talking about their acquisition of the legendary company, Fender Musical Instruments.
Blackstone said Monday that it has made an undisclosed investment in ThoughtFocus Technologies. As a result of the funding, ThoughtFocus and Blackstone will set up the Blackstone Center of Excellence, an IT outsourcing and offshore delivery company. ThoughtFocus is an IT service provider.
Trilantic Capital Partners has agreed to acquire Addison Group from Lake Capital Partners. No financial terms were disclosed. William Blair & Company advised Addison Group in the transaction. Addison Group is a professional staffing firm.
Point B said Monday that it has sold its stake in Loft9. No financial terms were disclosed. Based in Bellevue, Washington, Loft9 is a consulting firm.
Vista Equity Partners has agreed to acquire event management software company ACTIVE Network in an all-cash transaction valued at about $1.05 billion. Vista will commence a tender offer to buy all outstanding shares of ACTIVE's common stock at $14.50 per share, representing a premium of about 111 percent to ACTIVE's year-to-date average closing stock price.
Kohlberg Kravis Roberts has agreed to acquire a 10 percent stake in Chinese home appliance band Qingdao Haier, establishing a strategic long-term partnership. Financial details of the transaction were not disclosed.
Seven Mile Capital Partners II LP, an affiliate of Seven Mile Capital Partners has entered into a definitive agreement to acquire Microporous Products from Polypore International. Polypore is selling Microporous pursuant to an FTC divestiture order. Microporous is a developer, manufacturer and marketer of high performance rubber, polyethylene and hybrid battery separators for flooded lead-acid batteries.
Bridgepoint Development Capital has entered into an agreement with the private equity funds Procuritas Capital Investors III A and B and minority shareholders to acquire KGH Customs AB, a provider of customs services in Europe. Headquartered in Gothenburg, Sweden, KGH is an independent specialist service provider in the European customs services market.
Arle Capital Partners has agreed the sale of Qioptiq, a global designer and manufacturer of photonic products and solutions, to Excelitas Technologies Corp. The transaction is expected to close in the next quarter and is conditional on, amongst other things, customary regulatory approvals.
Arle Capital Partners has refinanced portfolio company Hilding Anders International. As part of the refinancing process Hilding Anders has also entered into an agreement with funds managed by KKR Asset Management to invest in a subordinated position in the capital structure. Arle remains the leading shareholder in the business.