Shoreline Capital Management, a Chinese distressed investment firm, has raised a new fund with $178.18 million in capital commitments. PRESS RELEASE Shoreline Capital Management, Ltd., a China-focused distressed asset investment firm, today announced the closing of its fund, Shoreline China Value I, L.P. The fund accepted subscriptions of US$178.175 million, exceeding its US$150 million […]
PQ Corp., a specialty chemical company owned by The Carlyle Group, has completed its acquisition of INEOS Silicas, a division of INEOS. No financial terms were disclosed, except that the combined company should have annual sale revenue in excess of $1 billion. Carlyle Group will hold around a 60% stake in the company, while INEOS […]
NEW YORK (Reuters) – Merrill Lynch & Co Inc (MER.N: Quote, Profile, Research) may not want to sell its $10 billion (5 billion pound) stake in top performing money manager BlackRock Inc (BLK.N: Quote, Profile, Research). But it may have no alternative. The No. 3 Wall Street investment bank's other options to raise capital as […]
SEOUL (Reuters) – U.S. private equity house Lone Star [LS.UL] could offer shares in Korea Exchange Bank (KEB) (004940.KS: Quote, Profile, Research, Stock Buzz) in a block sale if the pending $6.3 billion deal to sell control of KEB to HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz) falters, KEB's chief executive said on Thursday. Rumours […]
Three All Inc., a Palo Alto, Calif.-based operator of travel review operator Kango.com, has raised $3.95 million in Series A funding, according to a regulatory filing. Shasta Ventures led the round, with Tod Francis taking a board seat. www.kango.com
XPD Media, a multi-platform gaming startup, has raised just over $2 million in Series A funding, according to a regulatory filing. Backers include True Ventures and Pilot House. The company is run by Robin Chan, former director of entertainment programming for Verizon. It does not yet have a public website.
Veronis Suhler Stevenson is raising upwards of $300 million for its second structured credit fund, which provides non-control capital to mid-market media companies to assist with acquisitions, product launches, buyouts and other corporate and owner initiatives. It already has secured $132.5 million in commitments. www.vss.com
Oversight Systems Inc., an Atlanta-based provider of automated transaction monitoring software, has called down $10.2 million of a $13.2 million Series B round, according to a regulatory filing. Adobe Ventures was joined by return backers Granite Ventures and Sigma Partners. www.oversightsystems.com
MedAvante Inc., a Hamilton, N.J.-based provider of centralized psychiatric patient evaluation, has raised $20 million in new funding from Goldman Sachs and Trevi Health Ventures. Walter Greenblatt & Associates served as placement agent. PRESS RELEASE MedAvante, Inc., the leader in centralized psychiatric patient evaluation, announced today that it has closed a $20 million financing […]
LONDON (Reuters) – Swiss bank UBS AG (UBSN.VX: Quote, Profile, Research) said it has appointed Matthew French as its new head of European restructuring. French was previously a partner at law firm Lovells, where he led the Distressed Investing Practice, UBS said in an internal memo. “The Restructuring sector is a growth area and continues […]