Spanish venture capital firm Nauta Capital has closed its third fund, Nauta III, with $150 million in commitments. The fund is roughly twice the size of the firm’s previous fund. Nauta has already closed seven investments out of the new fund, and aims to back about 20 companies over the next year and a half. The firm, which has offices in Boston and Barcelona, focuses on early stage tech companies.
3 min read · 01 June 2011
Monroe Capital announced Wednesday that it has provided a $28.45 million credit facility to Evergreen Maintenance Center. Monroe Capital’s debt facility was used to finance the acquisition of Evergreen by Relativity Capital and provide ongoing working capital, the firm said. Monroe Capital also made an equity co-investment in the transaction.
2 min read · 01 June 2011
DLA Piper has added David Goldstein and Gerald Rokoff, both formerly with the firm White & Case, as partners in its New York offices. Goldstein joins the firm’s global finance group and will lead the investment funds practice. Rokoff joins the tax group.
3 min read · 01 June 2011
South Korea's CJ Group and Japanese private equity firm Unison Capital are jointly bidding for Japanese food-additive maker Hayashibara, Reuters reported Wednesday. Gun-ei Chemical is also bidding for Hayashibara, with private equity firm Polaris, Reuters said. Final bids are scheduled at the beginning of July.
1 min read · 01 June 2011
Warburg Pincus, Trilantic Capital Partners and ZAM Ventures are backing newly formed oil and gas exploration and production company Velvet Energy, the company announced Wednesday. Terms of the investment were not released. CIBC World Markets Inc. acted as financial advisor to Velvet Energy. Velvet Energy is focused on exploration in the Western Canadian Sedimentary Basin region.
3 min read · 01 June 2011
Marathon Oil Corp. will pay $3.5 billion to buy oil and gas properties in Texas' Eagle Ford shale field from private equity firm Kohlberg Kravis Roberts & Co. and Hilcorp Resources Holdings, Reuters reported Wednesday. KKR’s stake is now valued at $1.13 billion, nearly triple the $400 million the firm invested in Hilcorp a year ago.
1 min read · 01 June 2011
Teakwood Capital has acquired Clockwork Solutions Inc., a provider of performance prediction and risk management technology designed for industrial companies, military organizations and government agencies. Financial terms of the deal were not released. Teakwood Capital is a Dallas-based private equity firm.
2 min read · 01 June 2011
Publicly traded Sealed Air Corp. is buying Diversey Holdings Inc. in a deal valued at $4.3 billion. Diversey Holdings sells products to the cleaning and sanitization market, and is backed by private equity firm Clayton Dubilier & Rice. Under the terms of the deal, Diversey shareholders will receive $2.1 billion in cash and an aggregate of 31.7 million shares of Sealed Air common stock.
8 min read · 01 June 2011
Indian consumer goods maker Jyothy Laboratories is close to raising about $150-$200 million from private equity funds, Reuters reported. The company is talking with a handful of buyout shops, including the Carlyle Group, Actis, TPG Capital and Apax Partners, Reuters reported, adding that a deal is likely to be announced. In 6-8 weeks.
1 min read · 01 June 2011
Morgan Stanley Private Equity Asia has put $50 million into publicly traded Chinese agricultural nutrient company Yongye International. The cash infusion will be used for capacity expansion, repayment of commercial bank debt, working capital, and general corporate purposes. Homer Sun, managing director of MSPE Asia, will join the company’s board as a result of the funding.
4 min read · 31 May 2011
