Arborview Capital has completed its acquisition of Philadelphia-based Drexel Metals Inc., a maker of energy-efficient metal roofing systems. Financial terms of the deal were not released. Arborview Capital is a Washington, D.C.-based investment firm.
3 min read · 22 February 2011
Department store chain Nordstrom will acquire venture-backed HauteLook for $180 million in Nordstrom stock. The deal also includes a three-year earn-out of up to $90 million. HauteLook, an online marketplace for designer goods, has raised upwards of $40 million from investors including Insight Venture Partners.
3 min read · 18 February 2011
San Mateo, Calif.-based private equity firm Bertram Capital has recapitalized ProconGPS Inc., a Knoxville, Tenn.-based maker of GPS tracking products and payment protection systems to the subprime vehicle finance industry. Financial terms of the deal were not released. Bertram Capital has more than $850 million in capital under management.
2 min read · 18 February 2011
Paris-based private equity firm PAI Partners has completed its $909 million acquisition of Swissport, a provider of ground services for the aviation industry. PAI buys Swissport from Spanish company Ferrovial.
2 min read · 18 February 2011
Foot Locker Inc. has added Guillermo Marmol and Allen Questrom to its board of directors. Questrom is a senior advisor at private equity firm Lee Equity Partners. Marmol is president of Marmol & Associates, and is a former director and senior partner for management consulting firm McKinsey & Co.
2 min read · 18 February 2011
US-based buyout shop One Equity Partners LLC is exiting its 50.41% stake in German Sud-Chemie AG, selling the specialty chemical maker to Clariant AG, a Swiss chemicals company. The deal is valued at roughly $2.6 billion.
1 min read · 18 February 2011
Design and engineering software company Autodesk Inc. will pay $39 million in cash for Blue Ridge Numerics Inc. Virginia-based Blue Ridge Numerics, which develops design software, is backed by Maryland-based investment firm Global Environment Fund. The deal is expected to close during the first quarter of fiscal 2012.
2 min read · 18 February 2011
Rhône Capital has completed its acquisition of UTEX Industries Inc., buying the company from Audax Group. Houston-based UTEX is a designer and manufacturer of specialty sealing solutions for oil and gas drilling. Audax acquired UTEX in May 2007. Financial terms of the deal were not released.
2 min read · 18 February 2011
2 min read · 18 February 2011
BerchWood Partners, a private equity placement agent, has added Neel Das as partner. Das will work in the firm’s London office and will lead the expansion of BerchWood's origination, project management and distribution activities in Europe, the Middle East and Africa, the firm said in a release. Previously Das worked for Credit Suisse's Private Fund Group where he advised private equity firms.
3 min read · 17 February 2011
