Boston-based Lineage Capital has invested an undisclosed amount in LifeSafer Interlock Holdings, a maker of ignition interlock devices used in the automobiles of convicted drunk driving offenders. Financial terms of the deal were not released. Northstar Capital provided debt financing and an undisclosed amount of equity in the round.
3 min read · 06 January 2011
Cincinnati-based Pro Mach, which is backed by middle-market private equity firm Odyssey Investment Partners, has acquired Shuttleworth, a manufacturer of conveyor automation and product-handling machinery. Terms of the deal were not released. Shuttleworth is based in Huntington, Indiana.
3 min read · 06 January 2011
French buyout shop Astorg is planning to raise 1 billion euros ($1.31 billion) for new deals, Reuters reported. The firm plans to hold a close in mid-January for the fund, its fifth. Astorg invests primarily in French companies in the 100 million euro to 800 milllion euro enterprise value range, Reuters said.
2 min read · 06 January 2011
Acceleron Pharma, which is backed by firms including Advanced Technology Ventures, Bessemer Ventures, Polaris Ventures, Sutter Hill Ventures and Venrock, was awarded a $1.5 million grant from the Muscular Dystrophy Association. The grant will go to support clinical studies of the company’s products.
4 min read · 06 January 2011
Seattle-based private equity fund Evergreen Pacific Partners has acquired a majority interest in Good Source Solutions, a provider of products from food manufacturers and processors. Good Source is based in Carlsbad, Calif., and sells primarily to the corrections industry, educational institutions and non-profit organizations. Financial terms of the deal were not released. Evergreen has $700 million under management.
3 min read · 06 January 2011
Private equity firm TA Associates has promoted six staff members: Christopher Parkin was promoted to director in the firms London offices; Menlo Park, Calif.-based James Hart was promoted to principal. Naveen Wadhera was promoted to principal and heads Indian operations in Mumbai. Birker Bahnsen was promoted to senior vice president, focusing on European healthcare investments. Jason Werlin was promoted to senior vice president and focuses on investments in technology companies from the Menlo Park office. Boston-based Tad Yanagi was promoted to senior vice president.
4 min read · 06 January 2011
Social networking company LinkedIn – which is backed by investors include Sequoia Capital, Greylock Partners and Bessemer Venture Partners – is planning to go public in 2011, Reuters reported. Morgan Stanley, Bank of America and JPMorgan are among the underwriters for the offering, Reuters said.
3 min read · 06 January 2011
Goldman Sachs will sell its $446 million stake in Japanese golf course operator Accordia Golf, Reuters reported. Goldman took the company public in 2006, and will sell its 44.7% share at the current market price, Reuters said. Goldman bought Accordia in the early 1990s.
2 min read · 06 January 2011
Private equity firm MidOcean Partners has invested an undisclosed amount in Freshpet, which makes the Freshpet Select, Deli Fresh, and Vital brands of dog and cat food. The new money will be used, in part, to expand the company’s retail distribution channels, as well as to expand marketing. MidOcean’s Richard Thompson will join as chief executive of FreshPet. MidOcean has offices in New York and London.
3 min read · 06 January 2011
New York-based private equity firm Monomoy Capital Partners said it has closed its second restructuring fund, Monomoy Capital Partners II L.P., with $400 million in commitments. The fund exceeded the firm’s initial $350 million target, and included investments from unnamed pension funds, fund-of-funds and endowments.
3 min read · 06 January 2011
