Tenex Capital Management has closed its fund, Tenex Capital Partners, L.P., with $452 million in commitments, well over its target of $400 million. Atlantic-Pacific Capital acted as placement agent and advisor. Formed in 2009 and based in New York, Tenex is a private investment firm focused on under-performing middle-market companies.
2 min read · 05 August 2011
South Africa's E. Oppenheimer family and Singapore state investor Temasek Holdings have launched a $300 million buyout fund to invest in consumer goods and agricultural deals across Africa, Reuters reported. The fund, Tana Africa Capital, will also look at media, education and healthcare across Africa. The Oppenheimer family and Temasek will each invest $150 million in the fund.
2 min read · 05 August 2011
Taiwan smartphone maker HTC Corp. is paying $18.5 million to buy Seattle-based Dashwire Inc., a mobile-web application company. The deal is aimed at bolstering HTC’s cloud computing services. Dashwire had raised venture funding from investors including Best Buy Capital and Trilogy Partnership.
1 min read · 05 August 2011
Riverstone Holdings is selling well specialist Titan Group to British oil services firm Hunting in a $775 million deal, Reuters reported. Titan's products and services are used to drill the horizontal wells that are used to pump oil and gas out of shale rocks, Reuters wrote.
2 min read · 05 August 2011
London-based Colony Capital has acquired a portfolio of institutional real estate collateralized non-performing loans from four German banks: Eurohypo, Landesbank Hessen-Thüringen, Berlin Hyp and Archon Capital Bank. The portfolio has a face value of 370 million euro ($523.8 million).
2 min read · 05 August 2011
Blackstone is planning to invest a combined 2.5 billion euro ($3.5 billion) into the construction of Germany's biggest ever offshore wind farm, Reuters reported Friday, citing an article in the Financial Times. The 80-turbine wind farm will be built in the North Sea, and is expected to be completed by 2013.
1 min read · 05 August 2011
Macquarie Group has named Jorge Mora as senior managing director and head of U.S. financial sponsors for Macquarie Capital in New York. Most recently, he served as head of financial sponsors at Lazard.
3 min read · 04 August 2011
The Blackstone Group is acquiring a majority stake in Emdeon Inc., via a $3 billion deal that will take private the healthcare revenue and payment management company. Blackstone is investing out of its Blackstone Capital Partners VI L.P. Existing shareholder Hellman & Friedman will maintain “a significant minority equity interest” in Emdeon, the company said Thursday. Along with Hellman & Friedman, buyout shop General Atlantic is currently one of the company’s largest shareholders.
4 min read · 04 August 2011
Less than a month after it announced the acquisition of Screamin’ Media Group, Local.com says its closed on $12 million in debt financing to fund growth, including acquisitions. Square 1 Bank provided the revolving credit facility. Local.com has been on somewhat of a shopping spree lately: In May, the company paid $3.5 million for venture-backed Krillion Inc., a provider of location-based product search technology for online shoppers.
1 min read · 04 August 2011
Japanese aluminium sash maker JS Group Corp. is paying 573 million euros ($820 million) to buy construction firm Permasteelisa from Cima Claddings, Reuters reported Thursday. Cima Claddings is indirectly controlled by European private equity firms InvestIndustrial and Alpha.
1 min read · 04 August 2011
