American Express Company has signed an agreement to create a joint venture for its Global Business Travel division. Under the agreement, American Express will share ownership of the joint venture with an investor group led by Certares. The Certares-formed group includes Qatar Investment Authority through its wholly-owned subsidiary Qatar Holding LLC, funds managed by BlackRock, Certares itself and Macquarie Capital.
5 min read · 18 March 2014
Republic Financial Corporation’s special assets group has appointed Todd Glassman as director of originations. Glassman is responsible for generating deal flow and targeting new investment opportunities.
1 min read · 18 March 2014
Tectum Holdings (THI), a portfolio company of Kinderhook Industries has acquired Laurmark Enterprises (BAK). Concurrent with the acquisition of BAK, THI executed a dividend to its shareholders, which has resulted in a return of cash in excess of 7 times Kinderhook's initial investment. Financial terms of the overall transaction were not disclosed.
4 min read · 18 March 2014
Altira Group has closed Altira Technology Fund VI LP. Fund VI will focus on venture growth investments in oilfield technology and advantaged service companies.
2 min read · 18 March 2014
Blackford Capital has acquired Grand Haven, Mich.-based Grand Transformers, Inc, a designer and manufacturer of transformers and inductive components serving the drives, elevator, power quality, instrumentation, energy and oil and gas industries. The acquisition is the third in Blackford's Michigan Prosperity Fund.
3 min read · 18 March 2014
Global plastics packaging company Coveris has appointed Gary Masse as chief executive officer, effective April 14, 2014. Coveris is a portfolio company of Sun Capital Partners, Inc.
3 min read · 18 March 2014
Aquantia, a high-speed Ethernet connectivity solution for data centers, mobile and enterprise infrastructure, has completed a series G financing for $16 million. Xilinx led the round and existing investors provided additional capital.
2 min read · 18 March 2014
Box has appointed Aneesh Chopra, the first chief technology officer of the US, and Glen Tullman, former CEO of Allscripts, to serve as special advisors for the company’s healthcare and life sciences practice. Headquartered in Los Altos, CA, Box is backed by Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, and U.S. Venture Partners, as well as by strategic investors salesforce.com, SAP Ventures and Intel Ventures.
4 min read · 18 March 2014
Ataxion, a discovery-stage biopharmaceutical company developing novel therapies for rare, debilitating, and underserved neurologic diseases, has secured Series A financing commitments totaling $17 million from Atlas Venture and Biogen Idec. Based in Cambridge, Massachusetts, the company’s lead program is focused on a group of orphan genetic disorders termed hereditary ataxias.
4 min read · 18 March 2014
The Evoqua Water Technologies board of directors has named AEA Investors LP operating partner Gary Cappeline interim CEO and Mark Roos, formerly CFO of Unifrax LLC, previously an AEA portfolio company, interim CFO. Former Evoqua CEO Dr. Lukas Loeffler has left the company and CFO Mirko Schueppel will leave March 31. The board will begin an immediate search for their replacements.
3 min read · 18 March 2014
