Saints Capital has bought 10 mid-market buyout investments from 3i Group. No financial terms were disclosed for the deal, except that Saints received backing from Lexington Partners and Drawbridge Special Opportunities Fund. www.saintsvc.com www.3i.com Ashmore Inv*stment Management has acquired global power plant and pipeline company Prisma Energy International for $2.9 billion. The seller was bankrupt […]
Thoma Cressey Equity Partners has agreed to acquire Embarcadero Technologies Inc. (Nasdaq: EMBT), a San Francisco-based provider of strategic data management solutions. The deal is valued at approximately $234 million, or $8.38 per share (29% premium to yesterday's closing price), and is expected to close by year-end. Morgan Stanley advised Embarcadero on the deal. www.thomacressey.com […]
Coles Myer Ltd., Australia's second-largest retailer, has rejected a Au$17 billion buyout offer led by KKR, saying that the Au$14.50 per share price was “far too cheap.” Other members of the buyout consortium included Bain Capital, Blackstone Group, Carlyle Group, CVC Capital Partners, Macquarie Bank, Merrill Lynch, Texas Pacific Group and Pacific Equity Partners. The […]
Flextronics International Ltd. (Nasdaq: FLEX) has completed the sale of its software development and solutions business to KKR (76%) and Sequoia Capital (9%). The deal values the unit at $900 million, with Flextronics retaining a 15% stake. www.flextronics.com NYFIX Inc. (Pink Sheets: NYFX), a New York-based provider of technology solutions to the financial market, has […]
SinglePoint (f.k.a. Wireless Service Corp.), a Bellevue, Wash.-based provider of mobile communication services, has raised $30.75 million in Series C funding. Ignition Partners led the deal, and was joined by Rally Capital Services and return backers Northwest Venture Associates, Madrona Venture Group, Intel Capital and SeaPoint Ventures.Part of the proceeds were used to acquire Mobile […]
TPG Newbridge has agreed to acquire a 24.99% stake in BankThai for approximately $186 million. www.newbridgecapital.com Rosedale Medical Inc., a Cupertino, Calif.-based developer of glucose monitoring system for diabetics, has raised $20 million in Series C funding, according to a regulatory filing. U.S. Venture Partners and Investor Growth Capital were joined by return backers Pequot […]
Apax Partners and KKR have abandoned their efforts to buy UK-based specialty jewelry retailer Signet Group PLC (NYSE: SIG). The two firms had been considering a
Kinder Morgan Inc. (NYSE: KMI) has agreed to be acquired for $107.50 per share, or a total transaction value of around $22 billion. Kinder Morgan received a $100 million offer back in May, before which its stock had been trading at $84.41 per share. The buying consortium continues to include GS Capital Partners, AIG, The […]
TSG Consumer Partners has sold its 30% stake in enhanced bottled water company Glaceau (a.k.a. Energy Brands Inc.) to The Tata Group. The deal is valued at $677 million, including both the TSG stake and additional growth capital. Glaceau is a New York-based company whose brands include of Vitaminwater, Fruitwater and Smartwater. www.glaceau.com ChemoCentryx Inc., […]
Adam Aircraft Inc., an Englewood, Colo.-based maker of carbon composite aircraft for the twin piston and very light jet markets, has raised $93 million in Series F funding. DCM-Doll Capital Management led the deal, and was joined by Mesirow Financial, W Capital Partners, D.E.Shaw Laminar Portfolios and Acadia Woods Partners. Return backers include Goldman Sachs […]