Visible Assets just boosted its visibility. The tracking-technology company just added Richard A. Clarke to its board of directors and is seeking as much as $20 million from VC backers, which would bring its aggregate cash raised to nearly $50 million. Today, Visible Assets announced Clarke would join its board. The addition of the former senior White House homeland security and counter-terrorism advisor and chairman and CEO of Good Harbor Consulting may help the New Hampshire-based real-time security tracking device company procure more federal contracts. But Visible Assets' tracking products
(Reuters) – NBC Universal and the Blackstone Group said on Monday they had reached an agreement under which NBCU will buy out the private equity firm’s 50 percent stake in Universal Orlando for around $1.025 billion. The deal values the theme parks transaction at about $3.165 billion, including debt, and is expected to close on […]
Ernest Waaser has been appointed CEO and director at Systagenix Wound Management, a UK-based wound care provider. Steve Atkinson, the departing CEO, will continue to work with One Equity Partners as a consultant and advisor on medical device investments. One Equity counts Systagenix—formerly Johnson & Johnson’s wound care business—among its healthcare and medical device portfolio companies.
ONCAP Management Partners, the middle market PE platform of Onex Corp., has acquired Hopkins Manufacturing Corp. Financial terms weren't announced. The seller was Friend Skoler & Co., a PE firm based in Saddle Brook, N.J. Hopkins Manufacturing makes branded automotive aftermarket products. Bram Hall, Will Cooper, Matt Salisbury and Ches Riley of BlackArch Partners advised on the sale of the company.
Empeiria Capital, the New York-based fundless sponsor, sold an investment it made in 2006 to National-Oilwell Varco, Inc., a listed, Houston-based drilling equipment provider, sources said. Empeiria Capital sold its Conner Steel Products Holdings Co., a manufacturer of storage tanks, to National Oilwell Varco. Empeiria Capital led an investor group that acquired Conner Steel in […]
Last week, TPG Growth, along with Torch Hill Investment Partners, acquired ARTEL, a communications and IT services company. Financial terms of the deal weren't announced. The seller is Abbas Yazdani, ARTEL's founder, president and CEO, who will retain a significant minority stake, sources say. TPG led the investment but it's unclear how big their holding is. Torch Hill will have a minority position, persons say. Yazdani is staying as CEO of the company. The deal closed last Wednesday. RBC Capital Markets is leading a $95 million facility to back TGP/Torch Hill's buy of ARTEL, according to Standard & Poor's LCD.
(Reuters) – Bankrate Inc said it expects to raise up to $320 million from its initial public offering that could value the publisher of online personal finance content at about $1.6 billion. Bankrate’s IPO could bring a potential windfall for its largest shareholder, Ben Holdings, backed by Apax Partners, which took the company private in […]
Backed by private equity firm American Securities, Nashville-based SpecialtyCare has completed its acquisition of Advanced Perfusion Care Inc., a provider of cardiovascular perfusion and autotransfusion services. Terms of the deal were not disclosed. SpecialtyCare provides clinical services to hospitals. Advanced Perfusion Care is based in Pinehurst, North Carolina.
Canada’s Intertainment Media Inc. is buying Groupon-like daily deals website DealFrenzy.com. The deal includes payments of $500,000 in cash and $200,000 in Intertainment common stock, the company said. The deal is expected to close by late June.
Eurazeo will pay 418 million euros ($610 million) for a 45% stake in luxury clothing company Moncler, Reuters reported. Remo Ruffini, Moncler chairman and creative director, will keep a 32% stake in the company, and U.S. private equity firm the Carlyle Group will hang onto a 17.8% stake, Reuters reported.