Canadian marketing company Pareto Corp. has agreed to sell itself to buyout shop Riverside Co. in a $108 million cash deal, Reuters reported. At 2.72 Canadian dollars per share, the deal represents a 3% premium over Pareto’s most recent closing price, Reuters said.
1 min read · 24 January 2011
3 min read · 24 January 2011
Private equity firm Cognetas will sell three of its German businesses, Reuters reported, as the buyout shop aims to close a 1 billion euro ($1.36 billion) fund it raised roughly a decade ago. The firm is selling aluminium auto parts maker KSM Castings, pond equipment maker Oase and communications firm Commarco, Reuters said.
1 min read · 24 January 2011
Monster Offers, which is traded on the over-the-counter Bulletin Board, has inked $10 million in equity financing from the Boston-based Auctus Private Equity Fund. The new funding will help Monster Offers expand its products and fun acquisitions, the company said.
2 min read · 24 January 2011
Oak Street Capital Management has asked portfolio company Red Robin Gourmet Burgers to appoint its nominees to the company's board and eliminate the poison pill the restaurant chain adopted in August, Reuters reported. Oak Street and its affiliates own about 13.3% of Red Robin.
2 min read · 24 January 2011
Boston-based Madison Parker Capital has acquired Torrance, Calif.-based IPATH, a designer, developer and marketer of skateboarding footwear and apparel. Financial terms of the deal were not released. Madison Parker Capital acquired IPATH from The Timberland Company.
2 min read · 24 January 2011
Imperial Capital has promoted Nicole Fry to managing director in its investment banking group, the firm said. Fry is based in Los Angeles, and focuses on the consumer sector, including restaurants and food and beverage companies. Investment banking firm Imperial Capital was formed in 1997 and has offices in Los Angeles, New York, San Francisco, Minneapolis, Boston and Houston.
2 min read · 24 January 2011
Law firm Morrison & Foerster has added Charles Horn as a partner in its financial services group. Horn will work in the firm’s Washington D.C. offices and will represent financial services firms on a wide swath of regulatory matters. He will also He also advise financial institutions on transactional matters, including offerings and acquisitions, the firm said. Horn was previously a partner of Mayer Brown.
3 min read · 24 January 2011
Auditude, a developer of advertising technology for IP video, has inked $11 million in Series B financing. Granite Ventures led the round, which included participation from new investor Silicon Valley Bank, and existing investors Greylock Partners and Redpoint Ventures. Jeremy Helfand, a former president of United Online Media Group, joins Auditude as CEO.
5 min read · 24 January 2011
U.S. private equity firm Mount Kellett Capital Management will invest $100 million in a unit of Vietnamese conglomerate Masan Group, Reuters said. After the deal closes, Mount Kellett will have a 20% stake in Masan Resources, which owns a mine in northeastern Vietnam, Reuters said.
1 min read · 24 January 2011
