Graphic Packaging Holding Co. (NYSE: GPK) has completed its previously-announced merger with Altivity Packaging LLC, a portfolio company of TPG Capital. The combined company had 2007 pro-forma revenue of approximately $4.4 billion, and provides paperboard packaging solutions to the food, beverage and consumer products industries. Altivity shareholders will hold a 40% stake in the combined […]
SunGard has acquired the corporate payments unit of Payformance Corp., a Jacksonville, Fla.-based provider of payment processing solutions for corporations and health care organizations. No financial terms were disclosed. SunGard was acquired in 2005 by seven private equity firms, while Payformance has raised around $26 million in VC funding from firms like ABS Capital Partners, […]
Levine Leichtman Capital Partners is targeting $1 billion for its fourth fund, according to LBO Wire. The Beverley Hills, Calif.-based firm focuses on non-control investments in the lower and middle-markets. Its current fund closed on $500 million in 2003, which was well below its $800 million target. www.llcp.com
Qualcomm has acquired Xiam Technologies Ltd., an Ireland-based provider of wireless content targeting solutions. The deal is valued at $32 million. Xiam has raised over $9 million in VC funding since 1999, from firms like Delta Partners, Vertex Management, Add Partners and Enterprise Ireland. PRESS RELEASE Qualcomm Incorporated , a leading developer and innovator of […]
Union Square Ventures has closed its second fund with $156 million in capital commitments, according to a blog post on the firm's website. The New York-based firm had closed its debut fund in 2004 with $125 million, and focuses on early-stage Web services companies. In other USV news, the firm has formally promoted Albert Wegner […]
Eyeblaster Inc., a New York-based provider of digital marketing services and technology, has filed for a $115 million IPO. It plans to trade on the Nasdaq under ticker symbol EYEB, with Lehman Brothers and Deutsche Bank serving as co-lead underwriters. The company raised $30 million in second-round funding last year from individuals Eli Barkat […]
The Riverside Company has promoted Anne Hayes, Kristin Newhall and Volker Schmidt to the position of partner. Hayes and Newhall work with the Riverside Capital Appreciation Fund out of New York, while Schmidt is part of the Riverside Europe Fund team and is based in Munich. PRESS RELEASE The Riverside Company strengthened its […]
Anthony Wedo has agreed to serve as a consultant to TowerBrook Capital Partners, with a focus on opportunities in the restaurant sector. Wedo is a former PepsiCo executive who subsequently founded Mid-Atlantic Restaurant Systems. He has spent the past four years as CEO of Mainline Management and Capital Advisors LLC. PRESS RELEASE TowerBrook […]
Quantum SpA, a Milan, Italy-based provider of portable media mobility players, has raised an undisclosed amount of strategic funding from Motorola Ventures, the VC unit of Motorola (MOT). PRESS RELEASE Motorola, Inc. (NYSE: MOT) through Motorola Ventures, its strategic venture capital arm today announced a strategic investment in Quantum SPA, a leading provider of […]
Universal Ad Inc., an Israel-based provider of retail advertising and marketing solutions, has raised $8.5 million in Series B funding. Vertex Venture Capital led the round, and was joined by Western Technology Investment and return backer Walden Israel. PRESS RELEASE Universal Ad, Inc., a leading provider of highly innovative retail Advertising, Marketing and Promotions […]