Dunkin’ Donuts, which is owned by the buyout shops Carlyle Group, Bain Capital and Thomas H. Lee Partners, is partnering with Indian fast-food operator Jubilant Foodworks to launch its chain in India, Reuters reported. The chain aims to tap into the fast-food sector in India, which is growing at between 25% and 30% per year, Reuters said. Dunkin' has more than 9,700 restaurants in 31 countries.
3 min read · 24 February 2011
Warburg Pincus LLC and Vestar Capital Partners are close to a deal to buy Triton Container International Ltd from the Pritzker family, Reuters reported. The value of the deal could reach as high as $1 billion. Negotiations are in the “final stage,” Reuters reported.
2 min read · 24 February 2011
JPMorgan Chase & Co. has raised $1.22 billion for a new fund, J.P. Morgan Digital Growth Fund LP, that will focus on social media investments, Reuters reported, citing an article from the New York Times.
2 min read · 24 February 2011
Lightspeed Venture Partners has added Justin Caldbeck as managing director. Caldbeck was previously a director at Bain Capital Ventures, where he focused on of consumer Internet, enterprise software and business services companies. In his new role at Lightspeed, Caldbeck will focus on business and consumer Internet investments as well as opportunities in the emerging mobile web, the firm said.
2 min read · 24 February 2011
Publicly traded Gilead Sciences Inc. will pay $375 million to acquire venture-backed Calistoga Pharmaceuticals, a company developing treatments for cancer and inflammatory diseases. Calistoga could net up an additional $225 million in milestone-based earn-outs. Seattle-based Calistoga has raised more than $90 million from venture investors including Alta Partners, Amgen Ventures, Frazier Healthcare and Three Arch Partners and Latterell Venture Partners.
3 min read · 23 February 2011
San Mateo, Calif.-based CloudShare, a start-up backed by venture firms Sequoia Capital, Gemini Capital and Charles River Ventures, has named Guri Stark president and chief executive. Zvi Guterman, co-founder of CloudShare, was named chief strategy officer. Stark was most recently a vice president and general manager with Autodesk Inc. He has also served in various roles at Synopsys, Syntricity and Spectragraphics Corp.
3 min read · 23 February 2011
Urgent Cares of America Holdings LLC, a portfolio company of Comvest Investment Partners IV, will acquire Arizona-based Tri-City Express Care. Financial terms of the deal were not released. Urgent Cares of America is a North Carolina-based owner and operator of urgent care facilities. The Comvest Group provides equity and debt financing to lower middle-market companies.
3 min read · 23 February 2011
3 min read · 23 February 2011
Chinese social networking company Oak Pacific Interactive, which has raised more than $430 million in venture capital, plans to raised about $500 million in a U.S. initial public offering, Reuters reported, citing an article by Bloomberg. Oak Pacific Interactive is backed by investors including Technology Crossover Ventures, Accel Partners, Legend Capital, Softbank and Doll Capital Management.
1 min read · 23 February 2011
Private equity firm Kohlberg Kravis Roberts & Co. saw its economic net income rise 39% in the fourth quarter, Reuters said. The firm attributed the growth to stronger investment returns and capital raising. Economic net income was $714.6 million in the fourth quarter, compared with a $515.3 million a year earlier, Reuters wrote.
1 min read · 23 February 2011
