Private Equity
MarkWest Energy Partners has acquired the 49% interest in MarkWest Liberty Midstream & Resources previously held by the Energy & Minerals Group. The deal includes $1 billion of cash and the issuance of 19.95 million unregistered MWE Class B Units to the Energy and Minerals Group. MarkWest focuses on the gathering, transportation, and processing of natural gas. The Energy & Minerals focuses on investments in the natural resources industry.
4 min read · 30 December 2011
Main Street Capital Corp. has exited its debt and equity investment in Merrick Systems Inc., the company announced. Main Street Capital exited when HitecVision, a Norwegian-based private equity investor, took a majority stake in Merrick. Publicly traded Main Street provides long-term debt and equity capital to lower middle market companies.
2 min read · 30 December 2011
Vistaprint, the listed maker of professional marketing products and services, said Friday that it had completed its $117.5 million acquisition of Webs Inc. Silver Spring, Maryland-based Webs had raised venture capital from Novak Biddle Venture Partners and Columbia Capital.
7 min read · 29 December 2011
Alexion Pharmaceuticals Inc. will pay $610 million in cash – and as much as $470 million in future milestone-based payments - to acquire Enobia Pharma Corp. Enobia is a biopharma company developing therapies to treat patients with ultra-rare and life-threatening genetic metabolic disorders. Enobia closed a $40 million round earlier this year, and was backed by investors including OrbiMed Advisors, CTI Life Sciences Fund, Desjardins Venture Capital and Lothian Partners.
6 min read · 29 December 2011
Stealthy mobile start-up Just.me Inc. has raised $2.7 million, according to a regulatory filing. The company, founded by TechCrunch co-founder Keith Teare, reportedly raised a previous $600,000 seed funding round from investors including Google Ventures and True Ventures. In June, as it reported the seed round, TechCrunch also revealed that Michael Arrintgon was a shareholder in Just.me.
1 min read · 29 December 2011
Israel’s Magma Venture Capital is in fundraising mode, according to a new filing with the Securities & Exchange Commission. The firm is looking to secure $100 million for its Magma Venture Capital III, L.P. Tel Aviv-based Magma focuses on early-stage investments in communication, semiconductors, internet and media.
1 min read · 29 December 2011
China no longer wants foreign-funded automobile factories or polysilicon plants, but would welcome overseas investment in hospitals and financial leasing firms, according to updated inward investment guidelines, Reuters wrote Thursday. The 29-page list, published on the website of China's economic planning agency, outlines sectors where foreign investors will be encouraged, restricted or completely banned, Reuters wrote.
1 min read · 29 December 2011
Investment firm W.P. Carey & Co. has closed on a $450 million unsecured revolving credit facility. The facility will replace a $250 million unsecured revolving credit facility that was due to expire in June of 2012, the firm announced Thursday.
3 min read · 29 December 2011
Golub Capital said Wednesday that it was providing debt financing to support the acquisition of Bradenton, Fla.-based First Watch Restaurants Inc. by Freeman Spogli & Co. Terms of the deal were not released. First Watch owns 82 restaurants spanning nine states. Freeman Spogli is a private equity firm with offices in Los Angeles and New York.
3 min read · 29 December 2011
Osum Oil Sands Corp. announced Thursday that it would raise $500 million via a private placement of 21.2 million common shares and 18.8 million callable common share purchase warrants. The financing was led by a combination of new and existing shareholders, including KERN Partners, Government of Singapore Investment Corporation, Warburg Pincus and Blackstone Capital Partners. Osum is based in Alberta, Canada.
9 min read · 29 December 2011
