Warburg Pincus has completed its sale of 10 million shares of TransDigm Group Inc. (NYSE: TDG), via a secondary public offering at $35.25 per share. The deal reduced Warburg Pincus' ownership position in TransDigm from 69% to around 48.6 percent. www.warburgpincus.com
Noble Environmental Power, an Essex, Conn.-based wind power developer majority owned by JPMorgan Partners, has retained Goldman Sachs to review strategic alternatives
NEW YORK (AP) – Bear Stearns Cos. said Tuesday it named Paul Abecassis to the new role of chairman of European investment banking. A 16-year company veteran, Abecassis previously served as a senior banker with Bear Stearns in Europe. He will continue to be based at the company's European headquarters in London. The company also […]
EnteroMedics Inc., a St. Paul, Minn.
TripOvation Inc., a Menlo Park, Calif.-based online provider of travel merchandise and travel booking, has raised $3 million in Series A funding led by Azure Capital Partners, according to a regulatory filing. The company's CEO is Kevin Fliess. www.tripovation.com
Mformation Technologies Inc., an Edison, N.J.-based provider of mobile device management solutions, has raised $20 million in fifth-round funding. QuestMark Partners led the deal, and was joined by Wasatch Cross Creek Capital and return backers Battery Ventures, Carmel Ventures, Intel Capital and North Bridge Venture Partners. Mformation has raised just over $70 million in total […]
Implanet Partners, a Bordeaux, France-based surgical implant startup, has raised Euro 13 million in first-round funding. Backers include Auriga Capital, Edmond de Rothschild Investment Partners and Wellington Partners.
Michael Li has joined Bisys Alternative Investment Services as a Hong Kong-based director, responsible for managing day-to-day private equity operations in Asia. He previously worked for Deloitte & Touche and Arthur Andersen in San Francisco, with a focus on private equity and venture capital clients. www.bisys.com
Daniel Freed has joined Rutland Partners, after having spent the past three years working on European M&A transactions at CIBC World Markets. www.rutlandpartners.com
Bulgari SpA is ready to sell its private equity unit Opera to Michele Russo, a banker with a long international experience in private equity, daily Il Sole 24 Ore reported, without identifying its sources. Russo is expected to buy a 75% stake in Opera in a deal which might be reached shortly, it said. Opera […]