Bullhorn, a Boston-based provider of on-demand staffing and recruiting software, has raised $26 million in fourth-round funding. New backers Highland Capital Partners and General Catalyst Partners co-led the deal.PRESS RELEASE Bullhorn, the global leader in On Demand staffing and recruiting software, today announced the completion of $26 million in new financing, led by prominent venture […]
Bunker Hill Capital has sold Indianapolis-based Specialty Coating Systems to an undisclosed strategic buyer. No financial terms were disclosed, although Bunker Hill said that the sale represented a 6x ROI . PRESS RELEASE Bunker Hill Capital, L.P. (“Bunker Hill”) today announced the sale of its portfolio company, Specialty Coating Systems, Inc. (“SCS” or the “Company”), to a strategic buyer. Bunker Hill acquired SCS, formerly a business unit of Cookson Group plc, in December 2005, and the sale represents over a six times return on invested capital and in excess of a 100% IRR to Bunker Hill. According to Mark DeBlois, a Managing Partner of Bunker Hill, “We are very pleased with the sale of SCS and are confident that SCS will continue its impressive growth rate. This sale represents an exceptional return for our limited partners in less than three years, and we are grateful to Terry Bush and the SCS management team for their hard work and dedication. We are also grateful to Stifel, Nicolaus & Company for running a well‐managed process in helping select the best buyer for the business.” Terry Bush, President and CEO of SCS, added, “Bunker Hill provided the type of strategic leadership that has been critical to our success since being divested by Cookson. Bunker Hill's proactive approach and financial commitment to growing our business model has been a key success factor.” Headquartered in Indianapolis, IN, SCS has 379 employees in nine facilities around the world. The Company has four locations in the United States: Indianapolis, IN; Clear Lake, WI; Ontario, CA; and Amherst, NH. In Europe, SCS has locations in Woking, United Kingdom and Dublin, Ireland. In Asia, the Company has two locations: Tokyo, Japan; and Singapore. In addition, […]
NEW YORK (Reuters) – Lehman Brothers Holdings Inc said on Thursday it demoted its chief financial officer, Erin Callan, and named a new chief operating officer as well, days after the investment bank said it expects to post a $2.8 billion quarterly loss. The fourth-largest U.S. investment bank said Ian Lowitt, now chief administrative officer, […]
Mpire, the Seattle-based parent company of online ad network WidgetBucks, has raised $10 million in Series B funding. Draper Fisher Jurvetson led the round, and was joined by return backer Ignition Partners. PRESS RELEASEWidgetBucks, the market leading ad network of retail and shopping widgets for online publishers, today announced it has secured $10 million in […]
David King has joined Quaker BioVentures as a venture partner. He most recently served as founder and CEO of BioRexis Pharmaceuticals, which was acquired by Pfizer in 2007. PRESS RELEASEQuaker BioVentures, the leading venture capital firm dedicated to investing in life science companies in the Mid-Atlantic Region, announced today that David R. King has joined […]
BRUSSELS, June 10 (Reuters) – Belgian display and visual systems company Barco announced on Tuesday a $55 million deal to buy High End Systems, a U.S. digital lighting company majority-owned by U.S. private equity firm Generation Partners. Barco (BAR.BR: Quote, Profile, Research), whose displays are used at sports stadiums and pop concerts, in medical imaging […]
The Carlyle Group has sold its remaining 42.2% position in Transics, a European provider of on-board computers and fleet management solutions for the transport and logistics sector. Carlyle had acquired the company in May 2006, and floated it in Brussels last June. The final sale netted Carlyle approximately $90 million. PRESS RELEASEGlobal private equity firm […]
Bain Capital has completed its secondary offering of four million shares of chemical maker Innophos Holdings Inc. (Nasdaq: IPHS), for $27.50 per share. The deal reduced Bain's ownership position from 48.3% to 29.1 percent. Bain acquired Innophos in 2004 from Rhodia for $550 million, and brought it public in 2006. It had filed to sell […]
The Stanley Works (NYSE: SWK) has agreed to acquire Sonitrol Corp. from Carlyle Venture Partners, Wachovia Capital Partners, Spire Capital Partners and Sonitrol management. The deal is valued at $275 million in cash. Sonitrol is a Berwyn, Penn.-based provider of security monitoring services, access control and fire detection systems to commercial customers in North America. […]
Tom Connolly, head of U.S. leveraged finance for Goldman Sachs, is moving over to the firm's private equity group. He is expected to run a new fund investing in debt. Connolly will be succeeded by Denis Coleman, co-head of loan capital markets, and Craig Packer, head of high-yield capital markets. www.gs.com