Buyout shop Blackstone will put 1.5 billion rupees ($34 million) into FINO, an Indian technology solutions provider for banks, microfinance institutions and insurance companies, Reuters reported Thursday. The company’s existing investors include HSBC, ICICI Bank and Intel Capital. Blackstone did not disclose the size of its stake in FINO.
1 min read · 07 July 2011
The Chinese government aims to raise 20 billion yuan ($3 billion) for a private equity fund focuses on cultural industries such as media publishing, film and broadcasting, Internet entertainment and leisure, Reuters reported, citing an item in the Shanghai Securities News. Sponsors of the fund include the Ministry of Finance and BOC International. The fund, with about 4 billion yuan currently committed, has agreed to invest in China Publication Group and Xinhuanet.com, Reuters reported.
1 min read · 07 July 2011
Buyout firm Cognetas is selling automotive supplier KSM Castings to Chinese group CITIC Dicastal, Reuters reported. KSM is the last of three German companies that the firm put up for sale this month, Reuters said. No terms of the acquisition were disclosed, though estimates have placed the value of KSM at roughly 300 million euros.
2 min read · 07 July 2011
Dallas-based Century Bridge Capital said Wednesday that it had exited its first investment in China: a $125 million joint venture with Jia Heng Real Estate, which closed in December 2008. The venture comprised more than 1,200 unites in 11 high-rise towers. Terms of the exit were not released.
2 min read · 06 July 2011
MidCap Financial, a commercial finance company backed by Genstar Capital, Lee Equity Partners, and Moelis Capital Partners, has extended and renegotiated its four primary credit facilities to now exceed $900 million. The company launched in September 2008, and focuses on middle market healthcare finance. The company is based in Bethesda, Maryland.
2 min read · 06 July 2011
GGC Software Holdings, an affiliate of San Francisco-based private equity firm Golden Gate Capital, and privately held business software maker Infor have completed the acquisition of Lawson Software. At $11.25 per share, the deal valued enterprise software maker Lawson at roughly $2 billion. The deal was first announced in April.
3 min read · 06 July 2011
Compuware Corp. paid $256 million in cash to acquire dynaTrace Software, a company backed by Bain Capital Ventures and Bay Partners. Boston-based dynaTrace, a provider of application performance management systems, has 180 employees. Practically all are expected to remain with Compuware, the company said Wednesday. Bain Capital Ventures invested in dynaTrace in mid-2006.
3 min read · 06 July 2011
Clavis Technologies International Co., a Seoul-based provider of RFID-enabled products that is traded on the over-the-counter Bulletin Board, has closed on $500,000 from Korean venture firm Benex Investment. The firm bought 1 million shares of the Company's preferred stock at $0.50 per share, the company said Wednesday.
3 min read · 06 July 2011
Insight Communications Co., which is controlled by The Carlyle Group, received final bids for the company and will probably choose a buyer this month, Reuters reported, citing news in the Wall Street Journal. Bidders for the cable operator include WideOpenWest and Mediacom Communications. The final bids were reportedly more than $3 billion, the Journal reported.
1 min read · 06 July 2011
1 min read · 06 July 2011
