Teakwood Capital has made a growth capital investment in Marketing Advocate. Financial terms were not disclosed. Centerville, Mass.-based Marketing Advocate provides a marketing platform for tech companies and their channel resellers.
Royal Bank of Scotland has narrowed a shortlist of prospective bidders for hundreds of branches it must sell, with JC Flowers and Apollo dropping out of the race, sources tell Reuters.
Spain's biggest bank, Santander, said on Thursday it had reached a deal with U.S. private equity firms Warburg Pincus and General Atlantic LLC to sell them a 50 percent stake in its asset management arm, Reuters reports.
Bain Capital LLC and AXA Private Equity are the finalists in the bidding contest for French furniture-store chain Maisons du Monde, owned by private equity firms Apax and LBO France, sources tell Reuters.
Summit Partners has invested in RuffaloCODY. Financial terms weren't announced. Cedar Rapids, Iowa-based RuffaloCody provides technology-enabled fundraising and enrollment management services for higher education and nonprofit organizations. Lazard Middle Market provided financial advice to RuffaloCODY.
Encore Capital Group said Thursday that it has agreed to buy 50.1% of the equity stake held by J.C. Flowers & Co. in Cabot Credit Management. Encore says its paying for £128 million (approximately $192 million). The sale comes two weeks after Flowers acquired Cabot, which is a U.K.-based acquirer and manager of consumer debt.
Don't expect private equity to be interested in Newsweek, which is reportedly up for sale again, banking and PE sources say.
GlaxoSmithKline, the global healthcare company, said on Wednesday that it has acquired Okairos AG, a Swiss-based developer of vaccine platform technologies for €250 million (approximately $325 million) in cash. The transaction will also include some early stage assets. Prior to the acquisition, Okairos was backed by the following life science VC firms: BioMedInvest, the Boehringer Ingelheim Venture Fund, LSP, Novartis Venture Funds and Versant Ventures.
The Dusseldorf, Germany-based ENTRADE Group said on Wednesday that it is buying Agnion Energy. The current owners of Agnion Energy are Kleiner Perkins Caufield & Byers, Wellington Partners, Munich Venture Partners and Waste Management. No financial terms were disclosed. Headquartered in Pfaffenhofen, Bavaria, with a branch in Bolzano, Agnion is a heating and electricity supplier.
Dominion Gas, an oil field services company, was sold by Graphite Capital to Praxair, a U.S. based industrial gases group. No financial terms were disclosed. The Dominion management team, led by Russel Davies, chief executive, and Neil Potter, finance director, will remain with the company. Based in Aberdeen, Scotland, Dominion has facilities in the UK, Norway, Singapore and West Africa.