Veraz Networks Inc., a San Jose, Calif.-based provider of VoIP products to wireline and wireless service providers, has set its proposed IPO terms to nine million common shares being offered at between $10 and $12 per share. . It plans to trade on the Nasdaq under ticker symbol VRAZ, with Lehman Brothers and Credit Suisse […]
This week's IPO calendar includes expected pricings from PhotoWatt Technologies Inc., Cheniere Energy Partners LP and Glu Mobile Inc.
Visant Corp. (a.k.a. Jostens), a portfolio company of KKR and DLJ Merchant Banking, has acquired Neff Motivation Inc. from Linsalata Capital Partners for an undisclosed amount. Neff is a Greenville, Ohio
GateHouse Media Inc. (NYSE: GHS) has agreed to acquire nine publications from The Copley Press Inc. for $380 million. The pubs include seven daily and two weekly newspapers in the Springfield, Ill., Peoria, Ill and Canton, Ohio markets. Their combined circulation is around 275,000. GateHouse was acquired by Fortress Investment Partners in 2005 from Leonard […]
Eaton Corp. (NYSE: ETN) has completed its $695 million acquisition of aerospace company Argo-Tech Corp. from Greenbriar Equity Group and Vestar Capital Partners. Argo-Tech makes engine fuel pumps, airframe fuel pumps and ground fueling systems used by operators of commercial and military airplanes. www.eaton.com
Plug Power Inc. (Nasdaq: PLUG) has agreed to acquire Cellex Power Products Inc., a Canadian developer of fuel cells for industrial vehicles, for $45 million in cash. Cellex has raised VC funding from such firms as GrowthWorks, Conduit Ventures and Ventures West. www.cellexpower.com
Baird Capital Partners has closed its fourth middle-market with $300 million in capital commitments. Limited partners include American Family Mutual Insurance, Hexagon Investments, LLC, Robert W. Baird & Co., Northwestern Mutual Life and Thrivent Financial for Lutherans.
AIG Capital Partners has closed its New Europe Fund II with Euro 525.5 million in capital commitments. The fund's Warsaw-based team will focus on private equity opportunities in Central and Eastern European countries like Poland, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, and the Baltics. www.aig.com
Firas Nasir has joined The Carlyle Group as a Dubai-based managing director on the firm's Middle East and North Africa team. He previously was an executive director with UBS. www.carlyle.com
Jeff Johnson has joined Yucaipa Cos. as a principal overseeing the firm's current and future media properties. He previously was fired as editor of the Los Angeles Times, after refusing a Tribune Company order that he lay off editorial employees.