MidOcean Partners has acquired The Allant Group, a New York-based provider of marketing optimization solutions for the Fortune 100. The deal is being done in partnership with Allant management.
NewWorld Capital Group has launched as a private equity firm focused on mid-market companies and related infrastructure projects in the clean energy and environmental services space. It will focus on opportunities in the U.S., but also will invest selectively in Europe. Founding partners include: Bradley Abelow (former chief of staff to NJ Governor Jon Corzine, former NJ treasurer and ex-Goldman pro), Bill Hallisey (managing director with GSC Group), Ali Iz (venture partner with CMEA Capital) and Everett Smith (managing director with New Energy Capital). The firm's chairman is Carter Bales, former managing partner of The Wicks Group of Companies.
Southern Cross Group and Evercore Mexico Capital Partners have agreed to acquire Mexican homebuilder Servicios Corporativos Javer, for an undisclosed amount. The deal is expected to close next month, pending regulatory approvals.
(Reuters) – Billionaire activist investor Nelson Peltz will be elected to Legg Mason Inc’s (LM.N) board, the U.S. asset manager said on Monday, in a move that would avoid a proxy fight for the next two years. Peltz’s Trian Fund Management and Legg Mason agreed to a pact where the fund will not accumulate more […]
Apollo Global Management has completed its tender offer for all of the outstanding shares of common stock Midland, Texas-based Parallel Petroleum Corp. (Nasdaq: PLLL). The total deal is valued at approximately $438 million, or $3.15 per share, including the assumption or repayment of around $351 million in debt. Apollo's equity commitment is $283.2 million.
Superior Global Solutions, a Dallas-based provider of medical documentation, has raised $6 million of preferred stock and subordinated debt from Petra Capital Partners. PRESS RELEASE Petra Capital Partners, a private equity firm based in Nashville, Tennessee, today announced a $6 million investment in Superior Global Solutions (“SGS”). The capital is a combination of subordinated debt […]
Frank Tannura has joined LaSalle Capital Group as a senior operating advisor. He previously was CEO of Packaging Dynamics Corporation.
e-Rewards Inc., a Dallas-based provider of online market research panels, has agreed to acquire Research Now PLC, a UK-based online fieldwork and panel firm that is publicly traded on London's AIM. The deal is valued at over £85 million. TA Associates last year acquired a minority stake in e-Rewards, in exchange for a $60 million investment.
NEW YORK (Reuters) – Commercial real estate company Capmark Financial filed for bankruptcy protection on Sunday, weighed on by declines in the sector and a heavy debt load related to its leveraged buyout. Capmark, which was created out of the commercial real estate assets of General Motors’ finance arm GMAC in March of 2006, had […]
LOS ANGELES, Oct 24 (Reuters) – The real estate investment manager who led the California Public Employees’ Retirement System, the nation’s largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, a spokeswoman for MacFarlane Partners said on Saturday. Victor MacFarlane, chief executive of MacFarlane Partners, terminated his relationship […]