Acorn International, a Shanghai, China-based marketer of consumer products through a TV home shopping network, has set its proposed IPO terms to 23.1 million ordinary shares being offered at between $12.50 and $14.50 per share. It plans to trade on the NYSE under ticker symbol ATV, with Merrill Lynch and Deutsche Bank serving as co-lead […]
Hellman & Friedman has closed its sixth buyout fund with $8.4 billion in capital commitments. “The closing of our sixth fund represents an important milestone for Hellman & Friedman,” said F. Warren Hellman, Chairman of Hellman & Friedman. “We are especially pleased with the support of our longstanding limited partners who once again have […]
Beth Bronner has agreed to join Mistral Equity Partners
Intelsat Ltd., the world's largest commercial satellite operator, reportedly is on the block for up to $6 billion. The company was acquired in August 2004 by Apollo Management, Madison Dearborn Partners, Apax Partners and Permira. One year later, it acquired rival PanAmSat for around $3.2 billion. www.intelsat.com
Memento Inc., a Concord, Mass.-based developer of internal security software, has raised $7.5 million in third-round funding. 406 Ventures led the deal, and was joined by return backers Bain Capital Ventures, Rock Maple Ventures and individual angels. www.mementosecurity.com
CITIC Capital Partners has closed its first China-focused private equity fund with $425 million, according to PrivateEquityOnline. www.citiccapital.com
General Electric is launching a $250 million equity fund to invest in digital media companies that could be of strategic value, according to Reuters. Its first portfolio company is Adify. www.ge.com
Chockstone Inc. has acquired Peppercoin Inc., a Waltham, Mass.-based provider of card-based merchant loyalty programs and related consulting and analytical services. No financial terms were disclosed. Peppercoin had raised over $24 million in VC funding since 2002, from firms like MIT, POD Holdings, Total Technology Ventures, Pangaea Ventures and Allianz Private Equity Partners. www.chockstone.com www.peppercoin.com
Eric Karp is stepping down as head of Bank of America's financial sponsors group, as first reported by The Deal. No word yet on his future plans. www.bankofamerica.com
Polaris Venture Partners has promoted Amir Nashant to general partner. He joined the firm's Waltham, Mass. office in 2002 as a principal, and focuses on healthcare opportunities. www.polarisventures.com