NEW YORK (Reuters) – Merrill Lynch & Co (MER.N: Quote, Profile, Research) plans to sell $7 billion in debt on Tuesday, the latest example of borrowers focusing on fixed-rate bond sales as the buyer base for floating-rate debt shrinks. Merrill' sale includes $1.5 billion of five-year notes expected to price at 325 basis points, and […]
AIG Capital Partners has closed its second Brazilian special situations fund with $691.9 million in capital commitments. The vehicle also has flexibility to invest opportunistically in other Latin and South American countries like Mexico and Columbia. PRESS RELEASE AIG Investments today announced that AIG Capital Partners, Inc., a member company, held the final close […]
Babson Capital Management has acquired Murray Capital Management's distressed debt management business. No financial terms were disclosed. PRESS RELEASE Babson Capital Management LLC (“Babson Capital”), an investment management firm based in Springfield and Boston, Mass., today announced that it has acquired Murray Capital Management, Inc.'s (“MCM”) distressed debt management business as the firm […]
NEW YORK (Reuters) – Commercial finance company CIT Group Inc (CIT.N: Quote, Profile, Research) on Tuesday said it sold $1.5 billion of common and convertible preferred stock, 50 percent more than planned, raising cash as it struggles with the global credit crisis. The offerings dilute the holdings of existing shareholders, and CIT shares were off […]
Resolvyx Pharmaceuticals Inc., a Bedford, Mass.-based developer of resolvin therapeutics, has raised $25 million in Series B funding. QVT Financial led the round, and was joined by Radius Ventures, Biogen Idec New Ventures and return backers Atlas Venture, CHL Medical Partners and Flagship Ventures. PRESS RELEASE Resolvyx Pharmaceuticals, Inc., the leading resolvin therapeutics […]
SAN FRANCISCO (Reuters) – One of Silicon Valley's most prominent venture capital firms unveiled plans on Monday to put as many as 50,000 electric cars on American roads beginning late next year. The announcement of a new joint venture by Kleiner Perkins Caufield & Byers, which has in the past backed Internet companies such as […]
Warburg Pincus has closed its tenth fund with $15 billion in capital commitments. The New York-based firm makes venture capital, growth equity and leveraged buyout investments out of the same general fund, which invests globally. PRESS RELEASE Warburg Pincus, the global private equity firm, today announced the closing of Warburg Pincus Private Equity X, L.P. […]
LONDON (Thomson Financial) — European aerospace and defence company EADS has announced the acquisition of California-based PlantCML, a provider of emergency response solutions, from Golden Gate Capital, a San Francisco-based private equity fund, for about $350 million. The company said that based on the underlying profitability of PlantCML, the acquisition is EPS accretive on a […]
HealthEdge, a Burlington, Mass.-based provider of claims and benefit administration for healthcare payers, has raised $13 million from Psilos Group. PRESS RELEASE HealthEdge, the leading provider of next-generation claims and benefit administration, business intelligence and portal software products for healthcare payors, today announced that it has secured a $13 million investment commitment from Psilos Group, […]
Red Bend Software Inc., a Waltham, Mass.-based provider of software for remotely updating mobile phone applications, has raised $10 million in fifth-round funding. Coral Capital Management was joined by return backers Carmel Ventures, Greylock Partners, Infinity Venture Capital, Pitango Venture Capital and Poalim Ventures. The company has now raised $32.5 million in total venture capital […]