Bluefly has announced that retail industry veteran and former Bluefly CEO Melissa Payner has rejoined the company as chief merchandising officer, effective immediately. Bluefly, an eCommerce retailer of designer, contemporary and private label apparel and accessories, was acquired by affiliates of Clearlake Capital Group in May 2013.
3 min read · 13 February 2014
Acosta Sales & Marketing is to acquire Anderson Daymon Worldwide, a sales and marketing agency that exclusively serves Costco Wholesale, a multi-billion dollar global retailer with warehouse club operations in eight countries. The transaction is expected to close this month.
3 min read · 13 February 2014
Growth equity firm Catalyst Investors has sold B-to-B media portfolio company Advantage Business Media to Owner Resource Group, an Austin, Texas-based private investment firm. Catalyst originally acquired ABM from Reed Elsevier in 2006.
3 min read · 13 February 2014
Tungsten Corporation has made three senior-level additions to its executive team. Lincoln Jopp has joined Tungsten as Chief Operating Officer, while David Newberry and John Hall have joined as Chief Marketing Officer and Head of Major Accounts EMEA respectively.
3 min read · 13 February 2014
Campanja has secured $5 million in Series A financing from Hoxton Ventures alongside DFJ Esprit. The new capital will be invested in platform development, key hiring in Palo Alto and Stockholm, and international expansion, including opening new offices in London and New York.
3 min read · 13 February 2014
Munich-based venture capital firm Target Partners has invested a seven-figure sum in Abusix, a Silicon Valley- and Karlsruhe, Germany-based provider of automated network abuse identification and rapid resolution products for enterprise and ISP customers. Abusix will use the funds to further expand development and sales of its flagship product AbuseHQ.
3 min read · 13 February 2014
Halyard Capital, Steelpoint Capital and other co-investors have announced the sale of portfolio company, Women’s Marketing to PNC Riverarch, a private equity arm of Pittsburgh-based PNC Financial Services Group Inc. No financial terms were disclosed.
3 min read · 13 February 2014
Private equity firm Irving Place Capital is to sell Victor Technologies to Colfax Corporation, a global manufacturer of gas- and fluid-handling and fabrication technology products. Headquartered in St. Louis, Missouri, Victor Technologies provides superior solutions for cutting, gas control, and specialty welding equipment. The all cash transaction values Victor at approximately $947 million.
6 min read · 13 February 2014
Elbrus Capital has reached a final close of Elbrus Capital Fund II with capital commitments of $550 million. The fund was oversubscribed, exceeding its target of $500 million and reaching its hard cap.
2 min read · 13 February 2014
Global law firm Reed Smith has appointed leveraged finance partner Ben Davis to its UK finance practice. Davis, previously at Travers Smith, will join the firm’s London office on 18 March. His practice focuses primarily on leveraged finance; he also advises on corporate facilities, refinancings, debt restructurings and general banking matters.
3 min read · 13 February 2014
