Private Equity
Blackstone Group is acquiring a majority stake in auto repair shop chain Service King Collision Repair Centers. The Carlyle Group, its co-investors and the management and employees of Service King will retain a significant minority stake in the business.
1 min read · 23 July 2014
Rosser Capital Partners has backed PetPeople. Headquartered in Columbus, Ohio, PetPeople operates 20 pet retail locations in Ohio, Michigan and Indiana.
2 min read · 23 July 2014
Abacus Finance Group has provided a $19 million in senior secured credit facility to support the leveraged buyout of Atronix by Wafra Partners and its affiliate Wafra Investment Advisory Group. Headquartered in Billerica, MA, Atronix is a provider of cable assemblies, wire harnesses and electromagnetic assemblies.
3 min read · 23 July 2014
Beringea portfolio company Abzena has raised funds on the AIM market of the London Stock Exchange. Beringea first invested in Polytherics through ProVen Growth and Income and ProVen Health in September 2011.
3 min read · 23 July 2014
Quandoo has closed its Series C financing round led by Piton Capital and affiliates. Holtzbrinck Ventures and DN Capital, the Sixt family (a lead investor in the seed round) and Texas Atlantic Capital also participated.
4 min read · 23 July 2014
Find out the latest midweek news including JPMorgan inching towards its PE business sale, insights into Indiana and Maine investment fees and expenses, public PE firms finally putting in a good performance and a review of growth equity funds.
1 min read · 23 July 2014
AppDynamics has secured $120 million in growth financing led by new investors Battery Ventures, ClearBridge Investments and Sands Capital. Existing investors Greylock Partners, Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers and Institutional Venture Partners also participated in the round. The $120 million includes $50 million in debt financing provided by Silicon Valley Bank. AppDynamics is an application intelligence provider.
5 min read · 22 July 2014
Peerlyst has raised a $3 million seed round. The business is a social community for IT. The round was led by Hummer Winblad Venture Partners with additional funding from Illuminate Ventures.
4 min read · 22 July 2014
SierraConstellation Partners has appointed Jeff Nerland as a senior director. Nerland is based in Los Angeles and reports to Lawrence Perkins, founder and CEO, and Winston Mar, managing director.
2 min read · 22 July 2014
Cotton Creek Capital has appointed Alan Goldstein as an associate in the Austin office. Previously, Goldstein was an investment banking analyst at Jefferies Group in New York, specializing in mergers and acquisitions.
1 min read · 22 July 2014
