Apax Partners and Bain Capital have agreed to join the private equity consortium that is acquiring an 80.1% stake in the Semiconductor division of RoyalPhilips Electronics (NYSE: PHG). The group already had included KKR, Silver Lake Partners and AlpInvest. www.apax.com www.baincapital.com Infinite Power Solutions Inc., a Golden, Colo.-based maker of thin-film batteries, has raised around […]
Vector Capital has agreed to co-invest equally in Francisco Partners' $151 million public-to-private buyout of WatchGuard Technologies Inc. (Nasdaq: WGRD). Vector already controls 9.4% of WatchGuard shares, and had tried to buy out the company before Francisco stepped in. As part of the agreement, Vector will vote its shares in favor of the transaction. www.watchguard.com […]
Renewable Energy Group Inc., a Ralston, Iowa-based biodiesel producer, has raised $100 million in Series A funding. Natural Gas Partners led the deal, and was joined by such firms as Bunge North America, ED&F Man Holdings and West Central Cooperative. Viant Group advised REG on the deal, which will be used to increase its biodiesel […]
Boingo Wireless Inc., a Santa Monica, Calif.�based wholesale network aggregator and operator of neutral-host Wi-Fi networks, has closed its Series C round with $65 million. Mitsui & Co. led the deal, and was joined by fellow existing shareholders like New Enterprise Associates and Sternhill Partners (Evercore Partners did not re-up). New backers include Steelpoint Capital […]
Intranasal Therapeutics Inc., a Lexington, Ky.
Apollo Management has raised $2 billion via a public flotation on the Euronext in Amsterdam. The New York-based firm originally planned to raise $2.5 billion, but lowered its sights to just $1.5 billion after tepid aftermarket performance of a $5 billion public vehicle from KKR. The Apollo fund is named AP Alternative Assets. Onex Corp. […]
Apax Partners and KKR might need to reconsider their possible
MTV Networks, a division of Viacom Inc. (NYSE: VIA), has agreed to acquire Atom Entertainment Inc., a San Francisco-based online provider of games, short films and video. The deal is valued at $200 million, and is expected to close later this quarter. Atom and its predecessors raised VC backing from firms like Sequoia Capital, Arts […]
Berkshire Partners has acquired a majority stake in N.E.W. Customer Service Companies Inc., a Dulles, Va.
Aramark Corp. (NYSE: RMK) has agreed to an $8.3 billion buyout led by CEO Joseph Neubauer, and including private equity firms GS Capital Partners, CCMP Capital Advisors, JPMorgan Partners, Thomas H. Lee Partners and Warburg Pincus. The deal will provide Aramark shareholders with $33.80 per share in cash, and includes the assumption of approximately $2 […]