MSC Software Corporation received a higher offer from third-party private equity firms to acquire all of the issued and outstanding common shares of MSC for $8.30 in cash. The bid is up from a competing bid from Symphony Technology Group’s $8.15 per share offer. MSC Software Corporation announced today that, on September 21, 2009, the […]
(Reuters) Pepsi Bottling Group Inc (PBG.N) and Catterton Partners said on Tuesday that they each made an equity investment in O.N.E., a coconut water company, just weeks after Coca-Cola Co (KO.N) took a minority stake in coconut water company ZICO Beverages LLC. Pepsi Bottling will also distribute O.N.E.’s drinks in Southern California and South Florida. […]
Mzinga, a social software developer, raised $10 million in funding in a round led by Acadia Woods Partners and BlueCrest Venture Finance Master Fund. The company has raised at least $42.5 million to date. www.mzinga.com/
Silver Spring Networks, a smart grid networking company, will acquire Greenbox Technology for an undisclosed price. The company has raised around $170 million in venture backing from investors such as Kleiner Perkins Caufield & Byers Foundation Capital, JVB Properties, Northgate Capital, and Google. (Reuters) – Privately held smart grid networking company Silver Spring Networks said […]
Gregory Summe has joined The Carlyle Group as vice chairman of the firm's global buyouts practice. He previously was a senior advisor to Goldman Sachs Capital Partners and, before that, spent 11 years as chairman and CEO of PerkinElmer.
HONG KONG (Reuters) – GOME (0493.HK) said on Wednesday that it plans to issue 2.05 billion yuan ($300.3 million) in convertible bonds, with the proceeds to be used for the redemption and repurchase of convertible bonds and general corporate purposes. The Chinese electronics retail chain operator said the 3 percent bonds due 2014, with an […]
NEW YORK (Reuters) - The near collapse of the global financial system, which wiped out trillions in corporate value and personal savings, may be giving way to a new "golden age" for private equity investment, Silver Lake Co-CEO Glenn Hutchins said in an interview on Tuesday. Private equity firms suffered badly when debt markets seized up as a result of the crisis and banks did not want to lend increasingly scarce capital. Only just recently have credit markets started to unfreeze. "The financial markets may be on the cusp of a new 'golden age' for private equity," Hutchins, who is also a co-founder of the firm, told Reuters. Hutchins, the co-founder of the $13 billion private investment firm, cautioned that while there has been a significant stock market rally, the economy is showing stable, though not robust, growth.
NEW YORK (Reuters) – Blackstone Group LP (BX.N) won dismissal on Tuesday of an investor class-action lawsuit accusing the private equity of firm of failing to disclose prior to its 2007 initial public offering that some of its holdings were losing value. In a 15-page ruling, U.S. District Judge Harold Baer said the plaintiffs failed […]
Lee Stern has joined KKR as director of the firm's asset management unit, where he will be responsible for originating and structuring mezzanine investments. He previously was a managing director with GSO Capital Partners.
Jeff Baxter has joined Variation Biotechnologies Inc. as chief executive officer. He previously was a managing partner with VC firm The Column Group.