Innophos Holdings Inc., a Cranbury, N.J.-based specialty phosphates company, has set its proposed IPO terms to around 8.7 million common shares being offered art between $14 and $16 per share. It plans to trade on the Nasdaq under ticker symbol IPHS, with Bear Stearns and Credit Suisse serving as co-lead underwriters. Bain Capital acquired Innophos […]
OrbComm Inc., a Ft. Lee, N.J.-based operator of commercial wireless messaging systems for narrowband communications, set its proposed IPO terms to around 11.15 million common shares being offered at between $12 and $14 per share. It plans to trade on the Nasdaq under ticker symbol ORBC, with UBS and Morgan Stanley serving as co-lead underwriters. […]
Adobe Systems Inc. (Nasdaq: ADBE) has acquired Serious Magic Inc., a Folsom, Calif.-based provider of video software communications tools. No financial terms were disclosed. Serious Magic had raised VC funding from Mayfield. www.adobe.com www.seriousmagic.com
Sequoia Capital and Artis Capital aren't the only firms set to profit from Google's $1.65 billion acquisition of YouTube. The New York Times reports that Universal Music Group, BMG Music Entertainment and Warner Music Group each received small YouTube stakes as part of music-licensing deals signed shortly before the Google deal was announced. The three […]
Springer Science & Business Media, a German portfolio company of Cinven and Candover, has approached rival publisher and conference organizer Informa about a takeover. The talks are in their early stages, but the combined company would be worth in excess of
Quartillium, the fund-of-funds unit of France-based Finama, said that it is about to begin raising its third fund-of-funds. Its current vehicle has made recent commitments to: Dunedin Buyout Fund II, Cinven IV; Alpha V; Edgestone Equity Partners III, Mangrove II, Scottish Equity Partners III, Almack Mezzanine I, Granite Global Ventures III, ABRY Senior Equity II, […]
Bernard Arnault, chairman of LVMH Mo
Machtelt Groothuis has joined 3i Group as an Amsterdam-based director on the firm's European buyouts team. He previously was with Taros Capital Holdings, which was the spinout of AlpInvest's direct buyouts team. www.3i.com
Tricor Pacific Capital has made four hires: Joseph Lucke joins as a Vancouver-based vice president, after having been a principal with DLJ Merchant Banking Partners; Rob Wildeman joins as a Vancouver-based senior associate, after having been an I-banking associate with Citigroup; Derek Senft joins as a Vancouver-based associate, after having been an I-banking analyst with […]
Alan Bear & David Wherritt have joined Probitas Partners, with a focus on real estate fund placement. Bear will serve as a principal, and previously ran his own transactional and strategic investment advisory. Wherritt comes aboard as an associate, and previously was an analyst in the real estate private funds group of Credit Suisse. www.probitaspartners.com