Montagu Private Equity, the former European buyouts business of HSBC, has raised 2.5 billion euros ($3.6 billion) for new deals, Reuters reported. The firm’s fourth fund attracted investment from pension funds, insurance companies and sovereign wealth funds from the United States, Europe, the Middle East and Asia, Reuters wrote. The firm surpassed its initial 2.5 billion euro target, and will invest in deals worth between 100 million euros and 1 billion euros.
3 min read · 26 April 2011
Cineplex Entertainment will pay roughly $3.3 million to buy Toronto-based New Way Sales Games Ltd, a distributor and supplier of arcade games. Cineplex is buying the company from investors Roynat Capital and Knight's Bridge Capital Partners. The deal is expected to close in late May.
2 min read · 26 April 2011
Southborough, Mass.-based SynapDx Corp. has named Thomas Mac Mahon to its board of directors. Mac Mahon was previously president and chief executive of LabCorp. He has also held senior positions at Hoffmann-La Roche Inc. and Roche Diagnostics Group. SynapDx is backed by North Bridge Venture Partners, Bain Capital Ventures and General Catalyst Partners. The company provides laboratory testing services to physicians who evaluate children for developmental disorders.
2 min read · 26 April 2011
Summit Partners and TA Associates will invest $350 million to recap Hamburg-based online gaming company Bigpoint GmbH. TA Associates and Summit Partners jointly will own a controlling share of Bigpoint. Previous shareholder Comcast Interactive Capital’s Peacock Equity Fund will sell their holdings in this transaction. GMT Communications Partners and GE will sell a majority of their stakes, the company said in a written release. Montgomery & Co. acted as advisor for Bigpoint; and NOAH Advisors acted as advisor for Summit Partners and TA Associates.
4 min read · 26 April 2011
Oxford Finance, a company that makes loans to life science and healthcare companies, has raised $460 million from Sumitomo Corp. and private equity firm Welsh, Carson, Anderson & Stowe, Reuters reported. Oxford Finance has been majority-owned by Sumitomo since 2004. The company will use the new money, in part, to expand its portfolio.
1 min read · 26 April 2011
L Capital, a private equity manager backed by French luxury goods giant LVMH, has launched a $650 million private equity fund for consumer deals in China, India and Southeast Asia, Reuters reported. The fund, L Capital Asia, will take minority stakes in retail, food and beverage and beauty and wellness companies, Reuters wrote. The fund expects to invest $200 million this year, and will reportedly announce one Chinese and one Indian fashion company investment within the next 60 days.
2 min read · 26 April 2011
Venture firm Lux Capital has added James Woolsey and Richard Foster as venture partners. Woolsey will help the firm identify investment opportunities in energy that offer significant economic and environmental benefits. Foster will focus on new technologies and business models for Life Sciences and healthcare IT investment, the firm said in a statement. Woolsey is chairman of Woolsey Partners; he also currently chairs the Strategic Advisory Group of the Washington, D.C. private equity fund, Paladin Capital Group. Foster is managing partner of Investment and Advisory Services. He was previously a director and senior partner with McKinsey & Co., where he co-founded the healthcare and private equity practices.
5 min read · 26 April 2011
Evanston, Illinois-based private equity firm Industrial Opportunity Partners has recapitalized privately held Roadtrek Motorhomes Inc. Roadtrek is based in Ontario, and is a designer and manufacturer of motorhomes and camper vans. Terms of the deal were not released. Industrial Opportunity Partners is partnering in its investment with the current sole shareholder, Jeff Hanemaayer, who will remain as co-chairman. Andy Weller, an IOP Operating Principal, will become a co-chairman.
3 min read · 26 April 2011
Boston-based private equity firm TA Associates has acquired a 54.4% stake in Stadion Money Management, an investment management firm with roughly $6.7 billion under management. Terms of the deal were not released. Formed in 1991, Stadion provides investment management services via mutual funds, separate accounts and retirement accounts.
4 min read · 26 April 2011
Enterprise software maker Lawson Software announced that it will be acquired by GGC Software Holdings Inc., an affiliate of buyout shop Golden Gate Capital, and privately held software company Infor. The deal values Lawson at roughly $2 billion. Golden Gate Capital and Infor, will pay $11.25 per share for Lawson, a discount of about 7% to Monday’s closing price. The deal is expected to close during the third quarter.
4 min read · 26 April 2011
