Permira reportedly is planning to open an office in either Shanghai or Hong Kong, in order to help facilitate investments in Chinese companies. http://www.permira.com/
Evan Blum has rejoined Communications Equity Associates as a New York-based managing director, focused on M&A and corporate finance transactions in the communications and media markets. He began his career with CEA in 1993, and later went on to co-found restructuring firm Triax Capital Advisors. http://www.ceaworldwide.com/
Lindsay Barnett and Joanna LaPlaca have joined Polaris Venture Partners as directors of portfolio recruiting. Barnett previously was a senior associate in Spencer Stuart's Boston office, while LaPlaca was a senior consultant with ZRG. www.polarisventures.com
Automated Resources Group, a Montvale, N.J.-based provider of subscription fulfillment, database marketing and web services solutions, has acquired the Reader Services division of MediaBrains Inc. No financial terms were disclosed. ARG is a portfolio company of Shore Points Capital Partners and TSG Equity Partners, while the acquisition was partially financed via a $15 million one-stop […]
MediMedia USA, a Chatham, N.J.-based healthcare education provider controlled by Vestar Capital Partners, has acquired a majority interest in Complete Healthcare Communications Inc., a Chads Ford, Pa.
Global Aero Logistics Inc., owner of ATA Airlines, has agreed to acquire World Air Holdings Inc. (OTC: WLDA.PK) for $315 million in cash. Under terms of the agreement, World Air stockholders would receive $12.50 per share. GAL is majority-owned by private equity firm MatlinPatterson. Friedman, Billings, Ramsey & Co. Inc. advised World Air on the […]
Comfort Co., a West Long Branch, N.J.-based maker of memory foam products, has acquired the Prime Foam division of Leggett & Platt Inc. (NYSE: LEG). No financial terms were disclosed, except that the Prime Foam division generated approximately $200 million in 2006 revenue. Sleep Innovations is a portfolio company of Catterton Partners. Leggett & Platt […]
Virtusa Corp., a Westborough, Mass.-based provider of IT consulting, technology implementation and application outsourcing, has filed for a $92 million IPO. It plans to trade on the Nasdaq under ticker symbol VRTU, with JPMorgan serving as lead underwriter. Shareholders include Sigma Partners (24.6% pre-IPO position), Charles River Ventures (16.2%) and Globespan Capital Partners (15.6%). www.virtusa.com
Quantum Secure Inc., a San Jose, Calif.-based provider of enterprise physical security solutions, has raised $4 million in Series A funding. Dunrath Capital and Crestline Investments co-led the deal, and were joined by seed backer NexGen Capital Ventures. www.quantumsecure.com
ForeScout Technologies Inc., a Cupertino, Calif.-based provider of network access control solutions, has closed its Series D round with $11.25 million, according to a regulatory filing. A $10 million first close occured in late 2005 Return backers include Accel Partners, Amadeus Capital Partners, Meritech Capital Partners and Pintango Venture Capital. www.forescout.com