Secure EDI, a Charlotte, N.C.-based healthcare IT company, has raised $40 million in growth equity funding from Abingworth.
Kevin Beeston, former chairman and CEO of Serco Group PLC, has joined Advent International as an operating partner. He will continue as chairman of Advent portfolio company Domestic & General, which provides post point-of-sale extended warranty services.
(Reuters) – Swiss engineering group ABB is to buy U.S. software company Ventyx for more than $1 billion, bolstering its position in the fast-growing area of renewable energy network management The deal, the cash-rich ABB’s first billion-dollar buy in over 10 years, will also strengthen its presence in North America. ABB, which had a cash-pile […]
Highland Capital Management has promoted Patrick Boyce and Lane Brittain to partner. Boyce is the firm's COO and CFO, while Brittain is a portfolio manager and co-head of research.
Providence Equity Partners has agreed to acquire a 25% equity stake in online automotive shopping site AutoTrader.com, a subsidiary of Cox Enterprises Inc. No financial terms were disclosed. Cox was advised on the sale by Goldman Sachs.
Global Environment Fund has agreed to sell Unirac Inc., an Albuquerque-based provider of photovoltaic solar mounting solutions, to Hilti Group. No financial terms were disclosed.
Jeff Schlosser has joined Alvarez & Marsal as a New York-based managing director in the firm's private equity services operations group. He previously was national partner-in-charge of KPMG's business due diligence group.
Douglas Dynamics Inc., a Milwaukee-based maker of snow plows and salt spreaders for light trucks, raised around $112.5 million in its IPO. The company priced 10 million shares at $11.25 per share, compared to an original price range of between $14 and $16 per share (it amended the range to $11.25-$11.75 per share prior to […]
FRANKFURT (Reuters) – German property company GSW (GIBG.DE) has called off plans to float its shares on the stock market amid concern about the turmoil on equity markets triggered by Greece’s debt crisis. “Since announcing its intention to float there has been significantly increased volatility and uncertainty in global equity markets,” the company said in […]
HONG KONG/SYDNEY (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ.AX) has hired Goldman Sachs JBWere and JP Morgan (JPM.N) to advise on its bid for a majority stake in Korea Exchange Bank (004940.KS), sources said on Wednesday, in what is expected to be a more than $4 billion deal. Sources told Reuters last […]