LockPath, a provider of governance, risk and compliance applications, has closed on $2 million in Series A financing from investors including El Dorado Ventures, Webb Investment Network and Vesbridge Partners. The company closed a seed round in April 2010, which included backing from investor Ron Conway’s SV Angel fund.
4 min read · 08 June 2011
Indian real estate company DB Realty is looking to fund projects with private equity capital, Reuters reported Wednesday. The company has said it ‘has "enough headroom" to raise debt for specific projects when required,’ Reuters wrote. No specifics were given about how much the firm planned to raise.
1 min read · 08 June 2011
General Electric, Siemens AG and private equity firm the Carlyle Group are among the bidders for South African equipment repair firm Savcio Holdings, Reuters reported. The deal could be valued as high as $500 million, Reuters estimated. Buyout firms Actis and Ethos Private Equity are looking to sell their combined controlling stake in Johannesburg-based Savcio.
3 min read · 08 June 2011
1 min read · 08 June 2011
Dubai-based Abraaj Capital is in early talks to buy a stake in Egypt's Citadel Capital, Reuters reported. The talks are in a “very preliminary stage and no formal offer has been made,” Reuters wrote. Abraaj manages assets of over $6 billion and Citadel manages assets of $4 billion.
1 min read · 08 June 2011
1 min read · 08 June 2011
Buyout shops Leonard Green and CVC Capital Partners may make a move for wholesale retailer BJ's Wholesale Club Inc., Reuters reported, citing the New York Post. The deal could be valued at roughly $2.8 billion, the Post reported, adding that rival suitors Apollo Global Management and Bain Capital had pulled out of the race.
1 min read · 08 June 2011
AXA Private Equity is paying $1.7 billion for a portfolio of private equity assets owned by Citigroup, the companies announced Wednesday. The deal is the latest move by Citigroup to unload non-core assets. The portfolio includes 207 limited partnership interests in buyout funds, as well as investments that were made directly into certain companies, the bank said. For Axa, the deal follows its recent strategy of snapping up private equity assets from other investors. The company paid $1.9 billion to acquire private equity funds from Bank of America in April 2010.
3 min read · 08 June 2011
3 min read · 08 June 2011
Aletheia Research and Management Inc., the third-largest shareholder in Barnes & Noble, has cut its stake in the bookseller just weeks after Liberty Media Corp. offered to buy the company, Reuters reported. According to filings with the S.E.C., Aletheia held an 8.65% stake on June 1, down from a 10.59% stake in April. Last month, Liberty Media offered $17 a share for Barnes & Noble, or roughly $1 billion.
2 min read · 08 June 2011
