TSG Consumer Partners has sold PureOlogy Research LLC to L'Oreal USA Inc., a subsidiary of L'Oreal SA. No financial terms were disclosed. PureOlogy is an Irvine, Calif.
Apollo Management is planning to raise at least $15 billion for its seventh buyout fund, according to Private Equity Insider. The article says that the plan was unveiled to limited partners during an annual meeting late last week, and that firm CEO Leon Black did not specify a fund cap. Apollo closed on $10 billion […]
Institutional Venture Partners is expected to hold a first close today on its twelfth fund, according to VentureWire. The fund is being marketed with a $450 million target and $600 million soft cap. www.ivp.com
IDEA Fund Partners has held a first close on its inaugural fund, which will focus on seed and early-stage opportunities in North Carolina. No terms of the first close were disclosed, although IDEA did say that the final fund target is $25 million.
Teachers' Private Capital has opened a London office, which is its first effort outside of Canada. He office is led by director Andrew Claerhout, and will focus on European and international private equity opportunities. www.otpp.com
Mark Ozenick has been named senior vice president of private equity with professional services company Thomas Group Inc. (Nasdaq: TGIS), where he will be responsible for business development and account management to the U.S. private equity market. He previously was COO of Elite Aviation and, before that, was founder and CEO of HeliFlite Shares. www.thomasgroup.com
Jonathan Chou has joined Eureka Growth Capital as a senior associate. He previously was with LEK Consulting as an engagement manager in the firm's M&A and strategic consulting practices. www.eurekagrowth.com
Allied Capital has agreed to sell its majority equity interest in Healthy Pet Corp. to VCA Antech Inc. (Nasdaq: WOOF). The deal values HPC at approximately $153 million, and is expected to close later this quarter. HPC is a Shelton, Conn.-based operator of veterinary hospitals, and received its first backing from Allied Capital in 2005. […]
Aecom Technology Corp., a Los Angeles-based provider of technical and management support services, priced 35.15 million common shares at $20 per share ($18-$20 range), for an IPO take of approximately $703 million. It will trade on the NYSE under ticker symbol ACM, while Morgan Stanley, Merrill Lynch and UBS served as co-lead underwriters. Shareholders include […]
Joost Inc., a New York-based provider of Internet television services, has raised $45 million in Series A funding. Index Ventures led the deal, and was joined by Sequoia Capital, Li Ka Shing Foundation, CBS and Viacom. As previously announced, CBS and Viacom also are content partners with Joost, providing channels and programming. www.joost.com ——————————————————- […]