ACA Capital Holdings Inc., a New York-based specialty finance company focused on asset management services and credit protection products, has reduced the number of shares being offered in its IPO from 12.2 million to around 10.78 million. It still plans to price the shares at between $15 and $17 per share. Credit Suisse, JPMorgan and […]
Innophos Holdings Inc., a Cranbury, N.J.-based specialty phosphates company, priced around 8.7 million common shares at $12 per share ($14-$16 range), for an IPO take of approximately $104.4 million. It will trade on the Nasdaq under ticker symbol IPHS, while Bear Stearns and Credit Suisse served as co-lead underwriters. Bain Capital acquired Innophos in 2004 […]
Spot Runner Inc., a Los Angeles-based Internet ad agency for local businesses, has raised $40 million in Series C funding. New backers include WPP, CBS Corp., Interpublic Group, Allen & Co. Tudor Inv*stment Corp., media executive Lachlan Murdoch and financier Vivi Nevo. Return backers include Index Ventures and Battery Ventures. www.spotrunner.com
IBM (NYSE: IBM) and Lehman Brothers (NYSE: LEH) have formed a $180 million fund to invest in mid-stage to mature Chinese companies across a range of industry sectors. The companies may be public or private. www.ibm.com www.lehman.com
Opnext Inc., an Eatontown, N.J.-based optical components maker, has filed for a $150 million IPO. It plans to trade on the Nasdaq under ticker symbol OPXT, with Goldman Sachs serving as lead underwriter. Hitachi is the company's primary shareholder, while others include Clarity Partners and Cross-Atlantic Capital Partners. www.opnext.com
Capella Education Co., a Minneapolis-based provider of online post-secondary education services via the Internet, has set its proposed IPO terms to four million common shares being offered at between $17.50 and $19.50 per share. It plans to trade on the Nasdaq under ticker symbol CPLA, with Credit Suisse serving as lead underwriter. Shareholders include Forstmann […]
Spirit Aerosystems Holdings Inc., a Wichita, Kan.
Turin Networks Inc., a Petaluma, Calif.-based provider of IP and multiservice optical transport solutions, has acquired the product portfolio and most material assets of White Rock Networks, a bankrupt provider of next-generation optical transport products for metro networks. The deal reportedly is valued at less than $4 million. Turin has raised nearly $190 million in […]
ECI Partners has sold UK-based holiday company Kirker Travel to Kuoni for an undisclosed amount. ECI had acquired Kirker in a 2002 management buyout. www.kirkerholidays.com www.kuoni.co.uk
Warburg Pincus has closed its first dedicated real estate fund with $1.2 billion in capital commitments. www.warburgpincus.com