New York-based private equity fund Leeds Equity Partners has signed and closed a 66 million pounds ($105.8 million) investment in INTO University Partnerships Limited in return for a 25 percent equity stake. Founded in 2005 by Andrew Colin and based in Brighton, United Kingdom, INTO partners with premier universities around the world to increase student capacity, drive additional revenue and support greater international student mobility. Since 2005, INTO has developed 16 university partnerships in the United Kingdom, United States and Asia.
4 min read · 16 January 2013
Investcorp has completed the sale of CCC Information Services to Leonard Green & Partners. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries. The sale unlocks over $550 million in proceeds for Investcorp and its investors.
2 min read · 16 January 2013
Babson Capital Management has provided subordinated debt and made an equity co-investment to support Linsalata Capital Partners’ acquisition of Stag-Parkway. Atlanta-based Stag-Parkway is an independent distributor of aftermarket RV parts and accessories to RV dealers in the United States.
2 min read · 16 January 2013
Malcolm Thompson is joining MidSpan Partners as a vice president in San Francisco. Prior to joining MidSpan Partners, Thompson worked at a family office in San Francisco and led their direct principal investing activities in middle market companies.
1 min read · 16 January 2013
The Riverside Company has acquired Operating Tax Systems as an add-on to its DISA platform. OTS primarily serves the commercial motor vehicle industry, providing driver and vehicle compliance services, including fuel tax reporting, driver log auditing, licensing, permitting and fuel tax recovery.
2 min read · 16 January 2013
Global alternative asset manager The Carlyle Group has promoted 29 professionals to senior positions: nine to managing director and 20 to principal/director. The individuals work in Carlyle’s offices around the globe conducting buyout, growth capital, real asset and global market strategies transactions, as well as investor services activities.
2 min read · 16 January 2013
IT Definitive is promoting Paul Cashen to chief executive officer following a year of double digit growth and several key initiatives and advances. Cashen has been serving as chief operating officer for the Montgomery-based company.
2 min read · 16 January 2013
This morning's First Read is venture-heavy with links to a Boston seed start-up surge; the cleantech collapse and why big data will be even bigger in 2013.
1 min read · 16 January 2013
Social TV app GetGlue will not be merging with Viggle. The business will move forward as an independent company.
1 min read · 15 January 2013
Consumer/retail sector-focused LNK Partners has appointed Patrick J. Boroian as a partner focused on business development. Prior to joining LNK, Boroian spent over 10 years as a partner at Brockway Moran & Partners, where he led the firm’s business development activities.
2 min read · 15 January 2013
