Mid-market buyout firm Mason Wells has announced the appointment Thomas G. Smith to the role of executive managing director, replacing John T. Byrnes, who has held the position since the inception of the firm in 1998. As executive managing director, Smith will be responsible for day-to-day investment activities of the funds under management by Mason Wells, including the management of new investment activities and the oversight of portfolio development efforts.
2 min read · 07 January 2013
This morning First Read brings you a post-weekend selection of last weeks' stories; those failed private equity deals of the last year and unveils why biotech CEOs are seeing insurers as the new boogeymen.
1 min read · 07 January 2013
Calling all biotech venture funding enthusiasts on the lookout for a new career break. The Bill & Melinda Gates Foundation is on the look out for a senior program officer, industry partnerships, biotech and venture funding.
2 min read · 03 January 2013
Real estate turnaround specialist The RADCO Companies has completed seven closings in the last two weeks. This increases its portfolio to 3,000 units, with more properties under contract and expected to close soon.
3 min read · 03 January 2013
Atlantic Energy Holdings has appointed Rob Jacobs and Don Gann to the executive management team of Atlantic. Atlantic also announced that Natural Gas Partners, through its recently closed fund, NGP Natural Resources X, L.P., has increased its commitment of equity capital to Atlantic to $250 million.
3 min read · 03 January 2013
The Middleby Corporation has acquired Viking Range Corporation for $380 million in cash. Viking is a manufacturer of premium residential cooking ranges, ovens and kitchen appliances. Headquartered in Greenwood, Mississippi, Viking has approximately $200 million in annual revenues.
3 min read · 03 January 2013
American Family Insurance has completed its previously announced acquisition of the Nashville, Tenn.-based Permanent General Companies and other subsidiaries of the PGC Holdings Corp. The $239 million transaction with previous majority owner Capital Z Partners required approval of the Ohio Department of Insurance, as the three insurance companies owned by PGC Holdings are domiciled in that state.
4 min read · 03 January 2013
MicroStar Logistics, a provider of keg management services to the US craft beer industry has been acquired by Freeman Spogli & Co., the Pohlad Family and management. MicroStar was previously a portfolio company of Trilantic Capital Partners.
3 min read · 03 January 2013
Linden Capital Partners, a Chicago-based private equity firm focused exclusively on healthcare, has appointed Bill Rhodes as an operating partner. Rhodes joins Linden from Becton, Dickinson and Company and will work closely with Linden's investment team in the diagnostics and life science tools sectors.
3 min read · 03 January 2013
Phunware has acquired TapIt Media Group, a global independent mobile advertising company. Phunware purchased TapIt for a total purchase price of $23 million.
3 min read · 03 January 2013
