EQT Partners has sold its remaining 22% stake in listed German diesel engine manufacturer Tognum AG to Daimler AG. PRESS RELEASE EQT IV (“EQT”) today announced that it has sold its remaining stake of 22.3 percent of the shares in Tognum AG to Daimler AG. EQT signed an agreement to acquire the group […]
Benjamin Silver has joined Babson Capital Management as a managing director in the firm's mezzanine and private equity group. He will work out of Babson's Los Angeles office, and previously was with GE Commercial Finance as a senior vice president of corporate lending. PRESS RELEASE Babson Capital Management LLC (“Babson Capital”), an investment […]
Xactly Corp., a San Jose, Calif.-based provider of sales compensation and performance management software, has raised $30 million in fourth-round funding. Glynn Capital Management and Cheyenne Ventures were joined by return backers Alloy Ventures, Bay Partners, Rembrandt Ventures, Outlook Ventures and Spinner Asset Management. The company has now raised nearly $60 million in total VC […]
Delphi has completed the sale of its North American bearings business to a unit of Hephaestus Holdings Inc., a maker of forged parts for the North American automotive industry. Hephaestus is a portfolio company of KPS Capital Partners. PRESS RELEASE KPS Capital Partners, LP (“KPS”) today announced that its portfolio company Hephaestus Holdings, Inc. (“HHI”), […]
LONDON (Reuters) – Bear Stearns Cos Inc staff have started receiving letters telling them whether they will keep their jobs, as JPMorgan Chase & Co works through a takeover of its rival U.S. bank. One Bear employee who works in the emerging markets business in London has received confirmation he will be laid off, he […]
Edward Liddy , the retiring chairman of Allstate Corp., is joining Clayton Dubilier & Rice as a partner. PRESS RELEASE Clayton, Dubilier & Rice (“CD&R”), a leading global private equity firm with a strategy of building and growing the businesses in which it invests, today announced that Edward M. Liddy, former chairman and chief […]
Generation Investment Management has closed its Climate Solutions Fund with $683 million in capital commitments. The fund will invest in both public and private cleantech companies, and is chaired by Al Gore. PRESS RELEASE Generation Investment Management (“Generation”), the London-headquartered fund management business dedicated to long term investment and integrated sustainability research, has […]
Concert Pharmaceuticals Inc., a Lexington, Mass.-based provider of small-molecule drugs for unmet medical needs, has raised $37 million in Series C funding. A “leading public equity institutional investor” led the round, and was joined by fellow new investors Adage Capital Management, SR One Ltd., Mediphase Venture Partners and Westfield Capital Management. Return backers included […]
Pontiflex Inc., a Brooklyn, N.Y.-based operator of an online marketplace for leads, has raised $2.5 million in Series A funding. Greenhill SAVP and New Atlantic Ventures co-led the round. PRESS RELEASE Greenhill SAVP announced today it has invested in Pontiflex, Inc. (“Pontiflex”). Greenhill SAVP partnered with New Atlantic Ventures on a $2.5m Series A […]
PNC Equity Partners has sold Home Made Brand Foods Inc. to Europe's Greencore Group PLC. No financial terms were disclosed. HMBF is a Newburyport, Mass.-based maker of freshly prepared foods for sale in supermarkets and through foodservice distributors.