LS Power has closed its second energy-focused private equity fund with $3.085 billion in capital commitments. Credit Suisse served as placement agent. The New York-based firm's debut fund had closed on $1.2 billion in 2005. www.lspower.com
Hertz Global Holdings Inc. (NYSE: HTZ) said that three shareholders plan to sell 45 million shares in a secondary public offering. The sellers are The Carlyle Group, Clayton, Dubilier & Rice and Merrill Lynch
Saylent Technologies Inc., a Franklin, Mass.
SunLink Corp., a Larkspur, Calif.-based provider of solar mounting systems for the commercial market, has raised an undisclosed amount of Series B funding led by Clean Pacific Ventures. www.sunlinkcorp.com
SANTA CLARA, Calif. (AP) – STMicroelectronics NV and Intel Corp. said Tuesday they will create a new independent semiconductor company which will supply flash memory devices for cell phones, MP3 players, digital cameras, computers and other high-tech equipment. The Swiss and American chipmaking giants said the new company will be comprised of assets which generated […]
SolarWinds, an Austin, Texas-based provider of network management software for the SMB/SME market, has acquired Neon Software Inc. of Lafayette, Calif. and ipMonitor Inc. of Gatineau, Quebec. SolarWinds has raised around $48.5 million in VC funding from Bain Capital Ventures, Insight Venture Partners and Austin Ventures. www.solarwinds.net www.ipmonitor.com www.neon.com
Boulder Specialty Brands Inc. (OTC BB: BDSBU) has completed its acquisition of GFA Brands Inc., provider of heart-healthy food products, for approximately $465 million in cash. Sellers include TSG Consumer Partners, which acquired a stake in GFA over two years ago. www.smartbalance.com
On2 Technologies Inc. (AMEX: ONT) has agreed to acquire Hantro Products Oy, a Finland-bsed provider of video technology for mobile devices. The deal is valued at approximately $58.5 million in cash and stock. Hantro has raised around $27 million in VC funding since 1999, from firms like Nexit Ventures, Menire Corp., StartupFactory AB, CapMan Capital […]
SOA Software Inc., a Los Angeles-based provider of SOA and Web services management, security and governance solutions, has sold its services business to India-based Zensar Technologies Ltd. for $24.9 million in cash. SOA has raised over $40 million in VC funding since 1998, from firms like Draper Fisher Jurvetson, Redpoint Ventures, Mellon Ventures, Paladin Capital […]
Vector International has agreed to acquire Icarus, a Belgium-based maker of piping and valves for extreme environments and service conditions. No financial terms were disclosed. Sellers include HitecVision Private Equity and Verdane Capital. www.icarus-be.com