Yahoo Inc. said on Thursday it bought a small, mobile start-up company in New York, marking one of new Chief Executive Marissa Mayer's first moves to revamp the struggling Web pioneer by acquiring outside products and technology, Reuters reported. Yahoo purchased Stamped, which makes a product that lets consumers share favorite restaurants and music on their smartphones. It did not disclose financial details. In a blog on the Stamped website, Stamped co-founders wrote that Yahoo would discontinue the Stamped product by the end of the year and that the team would be working on something "big, mobile and new."
Fifty-nine percent of private equity executives believe their investment activity will rise over the next year, while 33 percent believe it will remain "about the same" and 8 percent expect to decrease their investment activity, according to a recent poll taken by audit, tax, and advisory firm KMPG.
In a deal that may top $3 billion, industrial machinery maker Gardner Denver Inc. is exploring a sale and has drawn initial interest from TPG Capital, KKR, Blackstone, Bain Capital and Onex, according to an exclusive report from Reuters.
Fondaction announces it has invested a total of $4 million in Groupe JLD Laguë since 2011, in conjunction with other investors. Groupe JLD Laguë has been created as a result of a merger between Groupe JLD and Équipements Laguë, and will be the largest distributor of John Deere farm equipment in the province of Québec.
Aterian Investment Partners, an investor focused on small-to-middle businesses, has completed a carve-out acquisition of ten heat treating facilities in the United States and Canada from Bluewater Thermal Solutions. The acquired plants will continue to operate under the Bluewater name. Terms of the deal were not released.
Waud Capital Partners has acquired ProNerve LLC, a provider of intraoperative neuromonitoring services. Terms of the deal were not released.
H.I.G. Capital has completed its sale of Texas Honing Inc., a producer of high precision components used in oilfield drilling, completion, and production systems. The buyer was Precision Castparts Corp.
The Canada Pension Plan Investment Board has acquired stakes in two Australian shopping centers through an equity investment of A$436 million (C$445 million) in AMP Capital Retail Trust. CPPIB's ownership interest in ACRT totals 37%.
An investor group led by The Courtney Group and Pegasus Capital Group has acquired Plansee TMS, a designer and manufacturer of custom components from engineered materials for microelectronics, from the Plansee Group. The business will now be known as SANTIER and will continue to operate out of its facilities in San Diego and be led by its current president & CEO Vimal Dutt.
Following a 1.3 percent rise in nine-month revenues, AXA chief financial officer Gerald Harlin said the company remained "absolutely positive" on its ability to meet the goals of its strategic plan announced last year, writes Reuters. Asked about the company's plan to sell or spin off its private equity arm - announced roughly a year ago - Harlin said the process was "continuing normally" though he noted that French government plans to boost taxes on the industry would be "an additional factor" in the talks, writes Reuters.