Battery Ventures has acquired Jeeves Information Systems, a Stockholm, Sweden-based provider of ERP software for small to medium enterprises. Battery currently owns approximately 98% of the company, it announced Monday. PRESS RELEASE Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced that it has acquired Jeeves Information Systems, a Stockholm, […]
Brentwood Associates, a consumer-focused buyout firm, has completed the sale of Array Marketing Group to TorQuest Partners. Terms of the deal were not released. Array provides “visual merchandising solutions” to brands and retailers. PRESS RELEASE Brentwood Associates (“Brentwood”), a leading consumer-focused private equity investment firm, announced it has completed the sale of Array Marketing […]
TrustHouse Services Group, a private equity backed company focused on food services for educational, healthcare and correctional institutions, has acquired Valley Services Inc. Terms were not released. This is the third such deal closed by TrustHouse in the past 12 month. The company is backed by San Francisco-based middle-market private equity firm Gryphon Investors. PRESS […]
Chicago-based buyout shop Sterling Partners has acquired a majority stake in Tribeca Flashpoint Media Arts Academy. Terms of the deal were not released. Tribeca Flashpoint Media Arts Academy provides a two-year, career-focused program in digital technology. PRESS RELEASE Sterling Partners, a Chicago-based private equity firm with approximately $5 billion of assets under management, has acquired […]
Buyout shops Oak Hill Capital Partners and GI Partners are buying WaveDivision Holdings from Sandler Capital Management. Terms were not released. Formed in 2003 by Chief Executive Steve Weed and Sandler Capital Management, Wave owns and operates broadband cable systems that deliver advanced video, high-speed data and voice services to residential and commercial customers. PRESS […]
Weinberg & Bell Group, an Ohio-based private equity group, has acquired certain assets of its client, AeroRepair Corp. & Hemico Inc., the firm announced. AeroRepair specializes in the repair of brake assemblies, corporate airlines, landing gear, wheel assemblies, and military aircraft. Terms of the acquisition were not released. PRESS RELEASE Generational Equity, a leading mergers […]
Middle-market private equity firm Fenway Partners is selling 1-800 CONTACTS to publicly traded WellPoint Inc. Terms of the transaction were not disclosed. PRESS RELEASE Fenway Partners, a leading middle market private equity firm, today announced that it has entered into an agreement to sell 1-800 CONTACTS to WellPoint, Inc. WLP -1.53% . Terms of the […]
Billionaire investor George Soros has received regulatory approval to enter the Brazilian telecom fray, investing in a local pay-TV company ahead of a landmark auction of broadcast frequencies, Reuters reported Monday. Brazil regulator Anatel has approved plans by the Cayman Islands-based Soros Fund Management to take control of Sunrise Telecomunicaçoes, which offers television by subscription […]
Warburg Pincus has agreed to buy a controlling stake in Future Capital Holdings for nearly $100 million, helping the U.S. private equity firm to expand its presence in India’s financial services sector. Future Capital, which provides consumer and mortgage loans, said in a statement Warburg would initially buy a 53.7% holding from group company Pantaloon […]
Salesforce.com will acquire advertising software firm Buddy Media in a $689 million cash and stock deal. The acquisition will consist of $467 million in cash and $184 million in salesforce.com common stock, and $38 million in vested salesforce.com options and restricted stock units. Buddy Media backers include Peter Thiel, Marc Pincus, Institutional Venture Partners, Bay […]