New York and San Francisco-based Darwin Ventures has added Stephanie Sarka as a venture partner. Sarka was a co-founder of Overture, which was later sold to Yahoo for $1.6 billion. She will help Darwin Ventures build its investment presence in consumer brands and online commerce, the company said.
2 min read · 25 January 2011
Publicly traded Casella Waste Systems has agreed to sell certain recycling assets to a new company formed by buyout shops Pegasus Capital Advisors and Intersection LLC in a deal worth $130.4 million. The acquisition is financed by Pegasus Capital Advisors, MissionPoint Capital Partners, HarbourVest Partners, and Ares Capital Corporation. Craig Cogut, founder and managing partner of Pegasus Capital, will serve as chairman of the new company.
8 min read · 25 January 2011
J.P. Morgan Asset Management has named John Fraser managing director and head of its New York-based U.S. real estate investment division, Junius Real Estate Partners. Fraser worked previously as co-head of real estate for Investcorp. He has also worked previously at The O'Connor Group, Eastdil Realty and Aston Development.
3 min read · 25 January 2011
Aircraft leasing company Avolon, which is backed by private equity firms Cinven, CVC and Oak Hill Capital Partners, has raised $465 million from investors including Wells Fargo Securities, Citigroup and Morgan Stanley, Reuters reported. The money will help Avolon add aircraft and additional warehouse space, Reuters said.
1 min read · 25 January 2011
Ahead of an expected $1.5 billion initial public offering, Nielsen Holdings has disclosed that it issued $85.4 million in equity to employees over the past four years, Reuters said, citing a filing with the Securities and Exchange Commission. Nielsen was taken private in 2006 by private equity investors Carlyle Group, Blackstone Group LP, Kohlberg Kravis Roberts & Co, Thomas H. Lee Partners, AlpInvest Partners and Hellman & Friedman. The company is expected price its initial public offering of 71.4 million shares for between $20 and $22 each on Tuesday, Reuters said.
2 min read · 25 January 2011
The Blackstone Group is suing Vinod Gupta, the founder of business-to-business marketing company infoUSA, for $6.8 million, Reuters reported, citing a complaint filed with a New York state court. According to the complaint, Blackstone says Gupta owes the money as an advisory fee, even after the $463 million takeover of his company last July by private equity firm CCMP Capital Advisors, Reuters wrote.
2 min read · 25 January 2011
Permira, CVC Capital Partners, Advantage Partners and Goldman Sachs are all considering a bid for Japanese food supplement company Everlife, which is currently owned by CLSA Capital Partners, Reuters reported. The first round of bids will close at the end of January, according to CLSA, and the deal could reach between 50 billion to 70 billion yen ($606 million to $848 million), Reuters said.
2 min read · 25 January 2011
3 min read · 24 January 2011
2 min read · 24 January 2011
1 min read · 24 January 2011
