Lightower Fiber Networks, a Boxborough, Mass.-based metro fiber network and bandwidth service provider, has acquired Veroxity Holdings Inc., a Bedford, Mass.-based provider of mission critical optical data networks. No financial terms were disclosed. Lightower Fiber has raised nearly $60 million from M/C Venture Partners, Pamlico Capital and Wachovia Capital Associates. Veroxity had raised money from Banc of America Capital Investors.
Gloucester Engineering Co., a Gloucester, Mass.-based provider of system and component solutions to the plastics extrusion and converting market, has secured a credit facility from an affiliate of Blue Wolf Capital Management.
Jingle Punks Music LLC has raised an undisclosed amount of private equity funding from Hammerline Capital. The New York-based company publishes music for use in television, film, advertising and interactive to clients across the media and entertainment industries.
NEW YORK (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co. is planning to help underwrite the initial public offering of Dutch-based NXP Semiconductors, according to an updated regulatory filing on Monday. KKR is unusual among private equity firms in underwriting flotations. The private equity giant has had a capital markets team since 2007 and struck a deal last June with mutual fund giant Fidelity Investments to sell shares in IPOs to retail customers.
LONDON (Reuters) – Boston-based investment firm HabourVest Partners secured funding on Tuesday for a new investment company which will invest in European senior secured loans of private equity-backed mid-market firms. The fund, HarbourVest Senior Loans Europe, will invest in both primary and secondary loans issued by 20-30 companies with an enterprise value of up to […]
SYDNEY (Reuters) – Private equity firm Blackstone Group LP (BX.N) has joined a group bidding $1.5 billion for Australian hospital operator Healthscope (HSP.AX), a source familiar with the situation said. Blackstone had considered making its own bid but opted to join private equity firms TPG [TPG.UL] and Carlyle [CYL.UL] to provide extra financial backing, as […]
MELBOURNE (Reuters) - Australia's tax office has delayed for the third time a final decision on taxing gains from private equity asset sales, after its draft rulings last year sent shockwaves through the country's $20 billion private equity industry. The decision was due on May 26, but a tax office spokeswoman said on Tuesday the rulings were delayed "until a government review of policy in this general area" has been completed. The Australian Taxation Office (ATO) hit U.S. private equity firm TPG Capital with a $628 million tax bill in November on the $1.4 billion profit it made on the sale of department store chain Myer (MYR.AX).
DLJ South American Partners has led the acquisition of a 25% stake in Grupo Santillana de Ediciones SL, a provider of educational book publishing for the Latin American market, from Grupo Prisa. The deal was valued at $370 million. Other participants included Gavea Investimentos, Highbridge Mezzanine Partners, Magna Capital, Stichting Pensioenfonds Zorg en Welzijin and DLJSAP limited partners like Albright Capital Management, Honeywell Capital Management, Partners Group and PCGI.
Denham Capital has agreed to sell its equity stake in Asphalt Holdings Inc. to NuStar Energy LP (NYSE: NS). The deal is valued at $44.1 million. AHI provides receipt, storage and distribution of asphalt and crude oil via marine vessels, barges, tank trucks and rail cars.
(Reuters) – The Texas Rangers baseball team filed for Chapter 11 bankruptcy protection on Monday to ease the sale of the team to a group led by team president and Hall of Fame pitcher Nolan Ryan for about $575 million. The “prepackaged” filing calls for creditors to be paid in full, and has the support […]