UK mid-market private equity firm Phoenix Equity Partners has promoted David Burns and Richard Daw to managing partners of the firm. Sandy Muirhead is today stepping down as a managing partner.
1 min read · 02 July 2014
This Wednesday morning First Read brings you news of new hires at The Tennessee Consolidated Retirement System, a venture capital arm for Twitter, Quantum Energy reaching a first close on Fund VI and late stage VC deals doubling in size.
1 min read · 02 July 2014
Distressed, energy and mid-market buyout opportunities are boosting IRRs for Texas County & District Retirement System, as of Dec. 31, 2013.
1 min read · 01 July 2014
H-D Advanced Manufacturing Company has acquired Sungear. Headquartered in San Diego, CA, Sungear manufactures precision gear components for aerospace suppliers worldwide. H-D was formed in December 2012 by The Riverside Company, Hicks Equity Partners and Weinberg Capital Group.
4 min read · 01 July 2014
Wynnchurch Capital has acquired U.S. Manufacturing Corporation. Based in Warren, MI and Guanajuato, Mexico, USM is a manufacturer of highly engineered extruded products and solutions for a variety of industrial markets.
3 min read · 01 July 2014
Pinnacle Foods has exercised its right to terminate its merger agreement with The Hillshire Brands Company announced on May 12, 2014. Pinnacle is entitled to receive a cash payment from Hillshire Brands of $163 million as a result of this termination. Fees and expenses associated with the merger agreement, including external advisors and employee incentives, are expected to total approximately $25 million.
4 min read · 01 July 2014
Clearlake portfolio company Tolt Solutions has acquired the Unity Managed Network Services division from iPass Inc. The business is a provider of retail and distributed enterprise network design, implementation and managed services.
4 min read · 01 July 2014
Tapad, a provider of unified cross-device marketing solutions, has closed its Series B-2 round of funding on $7 million. Founding investors FirstMark Capital led the round.
3 min read · 01 July 2014
Bessemer Venture Partners has promoted Amit Karp to vice president. Sunil James is joining the firm from Google also as vice president.
2 min read · 01 July 2014
A private equity consortium led by Ethos Private Equity has acquired a majority stake in the RTT Group for an undisclosed sum. Other shareholders in the consortium are African Development Partners II, a private equity fund advised by Development Partners International and the Government Employees Pension Fund, represented by the Public Investment Corporation.
4 min read · 01 July 2014
