Jake Colognesi has joined Volition Capital, a technology-oriented growth equity and venture capital firm, as a senior associate. He will focus on software, technology-enabled services and Internet investments. He worked previously as an associate at Fidelity Ventures.
2 min read · 03 August 2011
Lake Charles, Louisiana-based Era Group, a Helicopter operator owned by SEACOR Holdings Inc., has filed to raise up to $150 million in an initial public offering, Reuters reported. Goldman Sachs, JP Morgan and Deutsche Bank will underwrite the offering.
1 min read · 03 August 2011
Facebook has snapped up Push Pop Press, a digital publishing company formed by former Apple designer Mike Matas and Apple engineer Kimon Tsinteris. Push Pop Press is best known for partnering with Al Gore on the interactive e-book “Our Choice,” which came out earlier this year. Terms of the acquisition by Facebook were not released. The company’s founders will join Facebook, and in a blog post Push Pop said that integrating its technology into Facebook will give people “even richer ways to share their stories.”
2 min read · 03 August 2011
Backed by Anchorage Capital Group, Martinrea International Inc. has completed the acquisition of Honsel AG, a German-based supplier of aluminum components for the automotive and industrial sectors. The merged company will be known as Martinrea Honsel Group. Martinrea owns 55% of the Martinrea Honsel Group, with Anchorage owning the remaining 45%.
6 min read · 03 August 2011
Chinese buyout firm Hony Capital has completed its restructuring of China Yaohua Glass Group Corp. after paying $100 million for control of the struggling glass maker, Reuters reported. The company is now owned 60% by Hony Capital and 10% by the IFC, a unit of the World Bank. The local government of Qinhuangdao, where Yaohua Glass is based, owns the remaining 30 percent stake, Reuters wrote.
2 min read · 03 August 2011
Fontana, Calif.-based Agility Fuel Systems has named Barry Engle as its new chief executive officer. Most recently, Engle was CEO of Think Holdings AS, a manufacturer of electric vehicles in Oslo, Norway. He has also served as president and CEO of New Holland Agricultural Equipment, an Italy-based agricultural equipment maker. Agility is backed by Element Partners, a clean technology-focused private equity fund.
2 min read · 03 August 2011
Private equity firm GTCR is taking Global Traffic Network Inc. private, buying the company for $267 million, Reuters reported. The firm is paying $14 a share, representing a 20% premium over the company’s closing price Tuesday. Global Traffic provides traffic and news reports to radio and television stations.
1 min read · 03 August 2011
Austin Ventures-backed transportation management company ReTrans Inc. is up for sale, Reuters reported. The company is reportedly seeing some interest from private equity buyers, Reuters said. Stifel Nicolaus is advising the Memphis, Tennessee-based company on the sale.
1 min read · 03 August 2011
Saturday Capital, a St. Louis-based lower middle market private equity fund, has acquired Code Red, a provider of first aid and automated external defibrillator training to companies nationwide. Terms of the deal were not released.
2 min read · 02 August 2011
Chicago-based Water Street Healthcare Partners has added three new vice presidents to support its portfolio of healthcare companies: Hilary Dexter, Greg Robitaille and Mike Brennan. Dexter will lead executive recruiting; Robitaille will spearhead corporate development for Water Street’s companies. Brennan will identify and execute new investments, the company said in a release.
2 min read · 02 August 2011
