Private Equity
Paris-based magazine publisher Fleurus Presse, an OpenGate Capital portfolio company, has acquired Arts Magazine, a French publication. Terms of the deal were not released. Founded in 2004, Arts Magazine sells more than 30,000 copies a month through its paid-for circulation base.
3 min read · 21 December 2011
Listed Sealed Air Corp. announced that CD&R Friends & Family Fund VIII, L.P. and Clayton, Dubilier & Rice Fund VIII, L.P. will sell roughly 14 million shares of its common stock in an underwritten offering. Barclays Capital is acting as sole underwriter for the offering.
3 min read · 21 December 2011
Waltham, Mass.-based GMZ Energy has raised $14 million in Series C financing. Mitsui Ventures led the round, which included participation from I2BF Global Ventures, Energy Technology Ventures, Kleiner Perkins Caufield & Byers and BP Alternative Energy. The company, a maker of thermoelectric materials and systems, will use the infusion to expand its engineering and “go-to-market” capabilities, the company said.
4 min read · 21 December 2011
Australian private equity firm Archer Capital has raised $1.5 billion for its fifth fund, Reuters reported Wednesday. The firm raised the fund over four months, Reuters wrote. Limited partners in the fund were not named.
1 min read · 21 December 2011
Malaysian fastfood chain operators KFC Holdings Bhd and QSR Brands Bhd have agreed to accept a takeover offer from CVC Capital Partners and a state investment arm, Reuters wrote Wedesnday. London-based CVC Capital and Malaysia's investment arm for the state of Johor had earlier offered 5.24 billion ringgit ($1.65 billion) to buy KFC and QSR.
1 min read · 21 December 2011
Cerberus Capital Management added Allen Ukritnukun as head of European Corporate Distressed Trading and Investing, the firm announced Wednesday. He will be based in London. Previously, Ukritnukun was a London-based Managing Director at Goldman Sachs within Global Credit, responsible for European private distressed trading and investing.
2 min read · 21 December 2011
Golden Seeds, an investment firm focused on women entrepreneurs, has closed its second fund with $26.5 million in committed capital. Golden Seeds Fund 2 LP will invest across technology, life sciences and consumer goods. The fund already has eight portfolio companies, including AboutOne, maker of an online household management system; and Cognition Therapeutics, which is developing drugs for Alzheimer’s disease. Golden Seeds is based in New York.
2 min read · 21 December 2011
Takeda Pharmaceutical Company, a listed, Japanese pharmaceutical research company, is buying venture-backed Intellikine Inc. Takeda will pay $190 million in cash, and up to $120 million in additional milestone payments. Intellikine was backed by at least $41 million from venture investors including Abingworth, BiogenIdec, CMEA Capital, Fintech Global Capital, Novartis Venture Funds, Sofinnova Ventures and U.S. Venture Partners.
3 min read · 21 December 2011
Distribution International, a portfolio company of buyout firm Audax Group, has acquired Blackhawk Specialty Co. Port Arthur, Texas-based Blackhawk is a distributor and fabricator of insulation materials and safety equipment for industrial markets. Terms of the deal were not released.
2 min read · 21 December 2011
Swedish private equity firm EQT will pay up to 1.8 billion Norwegian crowns ($306 million) to buy Norway's second largest data and telecoms provider, Ventelo, Reuters reported Wednesday.
2 min read · 21 December 2011
