LGV Capital, the private equity unit of Legal & General Group PLC, said that managing director Ivan Heywood will succeed Adrian Johnson as chief executive officer. PRESS RELEASE LGV Capital is pleased to announce that Ivan Heywood will succeed Adrian Johnson as Chief Executive. Ivan has worked with Adrian for over 17 years and has […]
Indian fabric manufacturer S Kumars has acquired Klopman, an Italian fabric manufacturer, for a sum of EUR 70m (US$107m). The deal represented an exit for private equity group BS Private Equity, which sold its controlling stake. The realisation of its investment in Klopman follows a string of exits for Italian specialist buyout player BS Private […]
Private equity firm Silverfleet, formerly known as PPM Capital, is reported to have put German-based truck components supplier Jost up for sale, banking sources told Financial Times Deutschland. It is understood Jost is expected to fetch around EUR 600m (US$928m). Jost is headquartered in Frankfurt and generated revenues of around EUR 445m last year. It […]
Actis Capital has added three directors to its infrastructure team: Robert McGregor and Vivek Dixit in Singapore, and Sanjiv Aggarwal in Delhi. www.act.is
PlayPhone Inc., a San Jose, Calif.-based mobile media and entertainment company, has acquired Pitch Entertainment Group, a UK-based provider of mobile entertainment content. No financial terms were disclosed. PlayPhone has raised around $30 million in VC funding from Scale Venture Partners, Cardinal Venture Partners and Menlo Ventures PRESS RELEASE In a strategic move […]
Nanometrics Inc. (Nasdaq: NANO) has acquired Tevet Process Control Technologies Ltd., an Israel-based provider of metrology solutions to the global semiconductor and solar manufacturing industry. No financial terms were disclosed. Tevet has raised over $7 million in VC funding since 2002, from firms like Intel Capital, Eurofund, Eurovestech, LTG Development Capital, Cipio Partners and Ofer […]
Heroku, a San Francisco-based provider of Ruby on Rails application tools, has raised $3 million led by Redpoint Ventures. www.heroku.com
Airship Ventures, a Moffett Field, Calif.-based company formed to bring Zeppelin NT airship operations to the U.S., has raised $8 million in Series A funding from six individual investors. PRESS RELEASE Airship Ventures, a privately held corporation formed to bring Zeppelin NT airship operations to the USA, today announced that it had closed […]
Pappas Ventures is raising its fourth fund with a $200 million target, according to VentureWire. The Durham, N.C.-based firm focuses on early-stage life sciences companies. www.pappasventures.com
Red Diamond Capital and Century Park Capital Partners have sold HTR Holding Corp. to Parker Hannifin Corp. (PH). No financial terms were disclosed. HTR is an Anaheim, Calif.-based provider of precision plastic and elastomeric components for medical devices like septums, respirator hoses and catheters. PRESS RELEASE Red Diamond Capital (RDC) and Century Park Capital […]