Leonard Foreman, former CFO of The New York Times Co., has agreed to join Veronis Suhler Stevenson's board of advisors. VSS is a media-focused private equity firm. www.vss.com
Chris Gammons has agreed to join Citigroup as a managing director covering Asia's private equity firms. He previously was with Deutsche Bank. www.citigroup.com
Varel Holdings Inc., a maker of drill bits for the oil & gas and mining industries, has acquired Pendemak Industries Ltd., Canadian distributor of Varel oil field drill bits for the past 26 years. The only financial terms disclosed were that Varel minority shareholder American Capital Strategies provided $16 million in the form of a […]
Firth Rixon Ltd., a Sheffield, UK
Medical Staffing Network Holdings Inc. (NYSE: MRN) has agreed to acquire InteliStaf Holdings Inc. from The Carlyle Group for $92 million in cash. InteliStaf is an Oakbrook Terrace, Ill.-based healthcare staffing company. Carlyle acquired a majority stake in 2000, and bought out minority shareholder RehabCare Group last year. www.intelistaf.com
John Sorkin has agreed to join Fried, Frank, Harris, Shriver & Jacobson LLP as a corporate partner in the firm's New York M&A practice. He previously was a partner in the corporate department of Latham & Watkins LLP. www.friedfrank.com
SAP has agreed to acquire Wicom Communications Ltd., an Espoo, Finland
Genpact Ltd. (f.k.a. Gecis Global), a global business process outsourcing company, has filed for a $600 million IPO. It plans to trade on the NYSE under ticker symbol G, with Morgan Stanley, Citi and JPMorgan serving as co-lead underwriters. General Atlantic and Oak Hill Capital Partners acquired a 62.63% stake in Gepact from General Electric […]
Mercadolibre Inc., a Buenos Aires, Argentina-based online trading platform for Latin America, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol MELI, with Merrill Lynch and JPMorgan serving as co-lead underwriters. The company raised $54.3 million over two rounds of VC funding in 1999 and 2000, from […]
Tesla Motors Inc., a San Carlos, Calif.-based maker of electric cars, has raised $45 million in Series D funding. Technology Partners and Elon Musk co-led the deal, and were joined by Capricorn Investment Group and return backers Vantage Point Venture Partners, Draper Fisher Jurvetson, JP Morgan Bay Area Equity Fund, Valor Equity Partners and Compass […]