Premium Protein Products, a Nebraska-backed packing company backed by MatlinPatterson Global Advisers, has filed for Chapter 11 bankruptcy protection. The firm invested in the company in 2007, according to the Lincoln Journal Star.
TimeSight Systems, a video surveillance storage company, received an investment from the New Jersey Economic Development Authority (NJEDA) of $1M.
ACCION International has invested $500,000 for a 49.5 percent equity stake in Saija Finance Private Limited, a microfinance start-up based in India. The investment was made through ACCION’s equity investment arm, the ACCION Gateway Fund, and represents the fund’s fourth investment in India. Press release: ACCION International, a pioneer and leader in global microfinance, announced […]
ConvergEx, a financial technology service provider backed by GTCR Golder Rauner, has agreed a to acquire NYFIX Inc.'s U.S. Transaction Services business for an undisclosed amount. NYFIX is backed by Warburg Pincus. The deal is related to NFIX's pending sale to NYSE Euronext.
iPipeline, a provider of software to insurance carriers, has raised $15 million in financing for the purpose of acquisitions. The financing was led by NewSpring Capital of Radnor, PA., and Fidelity Ventures of Boston.
Platinum Equity has completed its previously announced buyout of Pomeroy IT Solutions, Inc., a provider of information technology services, for $6.50 per share.
The Kenan Advantage Group, Inc., a logistics provider to the petroleum industry, completed its acquisition of the assets of Washington-based Reinhard Transportation. Kenan Advantage Group is backed by Littlejohn & Co, which purchased the company from Sterling Investment Partners in 2005.
(Reuters) – Shares of consumer software maker Corel Corp (CRE.TO)(CREL.O) jumped 13 percent on Thursday after the private-equity firm that owns the majority of the company raised its buyout offer for the business. Vector Capital, through the Corel Holdings Limited Partnership that its affiliate controls, said it will now offer $4 a share, up from […]
Sun Capital Partners has sold Timothy's Coffees of the World, Inc. to Green Mountain Coffee Roasters, Inc. for approximately $157 million in cash. The sale returns money to a Sun Capital Partners V.
Birch Hill Equity Partners has raised C$425 million ($402.6 million) toward its fourth fund, according to LBOWire. The Toronto-based buyout firm is targeting C$850 million for the effort. Shannon Advisors is Birch Hill’s placement agent. http://www.birchhillequity.ca