Facebook, a Palo Alto, Calif.-based social networking company, has secured $100 million in venture debt from TriplePoint Capital, according to BusinessWeek. The report says that the capital will be used to buy additional servers, and that it chose debt so as not to cause further equity dilution. Facebook has raised around $500 million in prior […]
Rodman & Renshaw Group has agreed to acquire the operating assets of COSCO Capital Management, a private I-bank focused on the oil and gas sectors. No financial terms were disclosed. www.rodmanandrenshaw.com
Amit Chandra has joined Bain Capital as a managing director and head of Indian operations, according to VC Circle. He is a former Merrill Lynch banker who most recently served as a managing director of India-focused PE fund New Silk Route.
AIG Investments has made a $65 million equity investment in Calyx Agro Ltd., a platform sponsored by Louis Dreyfus Commodities to acquire, develop, operate and sell agricultural land in Latin America (primarily in Brazil). PRESS RELEASE AIG Investments today announced a US $65 million investment in Calyx Agro Ltd. (“Calyx Agro”). Calyx Agro is […]
Multigig Inc., a Scotts Valley, Calif.-based developer of semiconductor timing solutions, has raised $12.5 million in Series B funding. CMEA Ventures led the round, and was joined by Sierra Ventures and Hi-Tech Venture Capital. PRESS RELEASE Multigig, Inc., a technology leader in next generation clock and timing solutions, today announced that it has closed its […]
Tenaska Capital and Warburg Pincus have agreed to sell three electricity generation plants in Ohio, Pennsylvania and West Virginia to APT Generation. In additional, Tenaska will sell its Calumet Energy Power Station in Chicago. The combined sale price is $856.4 million. PRESS RELEASE Tenaska Capital Management, LLC (Tenaska Capital), manager of the Tenaska Power […]
Graphite Capital, a UK mid-market private equity firm, has expanded its team with four new appointments. Kane Bayliss, Mark Hall and Omar Kayat have joined Graphite's deal team as investment managers and Mudassir Khan has been recruited into a financial analysis role. Bayliss has joined Graphite from Terra Firma Capital Partners where he was an […]
Morgan Stanley has raised $4 billion for a new infrastructure private equity fund. PRESS RELEASE Morgan Stanley announced today that it has successfully closed Morgan Stanley Infrastructure Partners (“MSIP” or “the Fund”) with $4.0 billion of equity commitments, exceeding the Firm's initial target of $2.5 billion. James Gorman, Co-President of Morgan Stanley, commented, “The […]
Paul, Weiss, Rifkind, Wharton & Garrison LLP has elected Brad Karp the firm's new chairman. He succeeds Alfred Youngwood, who will retire at year-end. Karp has been with Paul Weiss since 1985, and currently is co-chair of its litigation department. PRESS RELEASEPaul, Weiss, Rifkind, Wharton & Garrison LLP announced today that Brad S. Karp, age […]
Viigo, a Toronto-based provider of mobile content software, has raised C$1.5 million in additional Series A funding from RBC Venture Partners. It had previously held a C$6.4 million first close. PRESS RELEASE Viigo, the software company behind a revolutionary way to publish, discover and consume content on mobile devices, today announced RBC Venture Partners […]