Google Inc. (Nasdaq: GOOG) has offered to acquire Global IP Solutions Holding AB (Oslo: GIPS), a San Francisco-based company focused on voice and video processing in IP communications. The deal is valued at approximately $68.2 million.
MUMBAI (Reuters) – U.S.-based Darby Private Equity and India’s IL&FS Investment Managers (ILFS.BO) are among six bidders for the private equity arm of Axis Bank (AXBK.BO), the Economic Times reported on Tuesday.The bidders include Aditya Birla Private Equity and Shapoorji Pallonji Group, both based in India, the newspaper said, citing two unidentified executives involved in […]
NEW YORK (Reuters) – A consortium bidding for Fidelity National Information Services Inc (FIS.N) on Monday pulled out because of disagreement over price, derailing what would have been the biggest buyout since the credit crisis, three sources familiar with the situation said. A leveraged buyout for payment processing firm Fidelity could have been worth around […]
Riverstone Holdings has agreed to invest more than $800 million into Pattern Energy Group, a developer of wind and renewable energy projects.
Tropical Smoothie Café, a chain of 270 quick casual restaurants in 34 states, has raised $4.4 million in growth equity funding from BIP Opportunities Fund.
Arborview Capital, SAIL Venture Partners and Huntington Capital have recapitalized Paragon Airheater Technologies Inc., a Corona, Calif.-based provider of products and services that reduce fuel consumption and carbon emissions in fossil fuel-fired power generation plants. No financial terms were disclosed.
LONDON (Reuters) – British private equity firm Terra Firma and Australian rival Pacific Equity Partners (PEP) are vying to acquire the landfill-gas unit of Britain’s Biffa, people familiar with the matter said. Terra Firma, Guy Hands’s buyout firm, already owns Britain’s biggest waste-to-energy firm, Infinis, while PEP owns a majority in Energy Developments Ltd (EDL) […]
Vision Solutions Inc., a portfolio company of private equity firm Thoma Bravo, has agreed to buy recovery software provider Double-Take Software Inc. The deal is valued at $242 million in cash, or $10.55 per share (21% premium to closing price on last day of trading before Double-Take said it was considering alternatives).
Hervé Malausséna has agreed to join the London office of Moelis & Co. as a managing director, with a focus on telecom sector advisory work. He previously was with Citigroup as a managing director and head of EMEA telecom I-banking.
Morgan Stanley Investment Management has closed a global secondaries fund with $585 million in capital commitments.