YourMembership.com, which is backed by The Riverside Company, has invested in Affiniscape. Financial terms were not announced. Austin-based Affiniscape provides association management software and career board job posting services for associations. Deerpath Capital provided financing for the transaction.
NewBay Media, which is backed by The Wicks Group of Companies, has acquired Intent Media. Financial terms were not announced. U.K.-based Intent Media produces business publications, websites and events targeted to the entertainment, technology and leisure markets. The Jordan, Edmiston Group advised Intent Media.
Omega Environmental Technologies has merged with Global Parts Distributors and Santech Industries. Financial terms were not announced. The seller is Global Temperature Control, which is backed by Owner Resource Group. River Associates Investments is majority shareholder of Omega, and Owner Resource Group will be a minority investor in the company. Harris Williams advised Global Temperature Control. Irving, Texas-based Omega is a distributor of aftermarket automotive truck and off-road air conditioning products.
A story in yesterday’s Dealbook painted Warren Buffett as no friend of private equity. Buffett, 82, was asked during a lunch last week if there were any private equity investors that he admired, Dealbook says. "No," he flatly replied in the story.
Praesidian Capital, a provider of mezzanine capital for small and mid-sized companies, is providing $16.5 million in debt to support the acquisition by Fusion of NBS. NBS is a Wayne, N.J.-based provider of Unified Communications, hosted voice, Internet, data products and cloud services. Praesidian partnered with Plexus Capital on the deal. Praesidian and Plexus each provided $8.25 million in new funds.
Boston-based private equity firm Mansa Capital Management has backed Independent Living Systems with $7 million. The company is focused on healthcare management services.
Chicago-based Prospect Partners has recapped Irrigation Components International Inc., the company said. Daphne, Ala.-based Irrigation Components is a provider of agricultural irrigation equipment components. The company becomes the fourth platform company of Prospect Partners’ third fund, the firm said.
The Blackstone Group has agreed to buy Dutch tax consultancy Intertrust for a reported 675 million euros ($883 million). Blackstone agreed to buy Intertrust from Dutch private equity firm Waterland in a deal expected to close in coming months after obtaining regulatory approvals, Intertrust said on its web site. No financial details were given but Dutch daily Het Financieele Dagblad estimated Blackstone paid about 675 million euros, citing market talk of a price of about nine times Intertrust's gross operating profit.
A consortium led by Canadian private equity firm KingSett Capital said on Wednesday it plans to make an offer to acquire Primaris Retail Real Estate Investment Trust in a deal valued at about C$4.4 billion, Reuters wrote. The cash offer of C$26 per unit represents a premium of about 12.8 percent to Primaris's closing price of C$23.04 on the Toronto Stock Exchange on Tuesday.
Germany's Intersnack group is to buy KP Snacks, Britain's second largest savory snacks maker, from United Biscuits, Reuters reported Wednesday. No financial details were disclosed for the deal, which is expected to close in the first quarter of 2013, the two companies said. KP Snacks, which makes Hula Hoops and KP Nuts, was put up for sale earlier this year by United Biscuits' private equity owners Blackstone and PAI Partners, which were seeking about 500 million pounds for the business.