Private Equity
Source Refrigeration & HVAC, which is backed by Arsenal Capital Partners, has acquired Atlanta-based DHR Mechanical Services-Georgia. DHR is a provider of HVAC services to grocery, commercial and retail clients. Terms of the deal were not released.
2 min read · 19 December 2011
Saudi investor Prince Alwaleed Bin Talal and his Kingdom Holding Company has acquired a $300 million stake in Twitter. The investor announced the deal today, saying that the “strategic stake” was the result of “several months of negotiations.” The news was first reported by Bloomberg. This summer, Twitter announced that it was raising $800 million in a two-tranche funding deal.
2 min read · 19 December 2011
New York-based private equity investor Patriarch Partners has acquired Hussey Copper, a copper product manufacturer. Terms of the deal were not released. Hussey Copper has operations in Leetsdale, Penn., and Eminence, Kentucky.
3 min read · 16 December 2011
Merit Capital Partners has exited its investment in Versatile Processing Group Inc., selling the company to Dallas, Texas-based private equity investor Insight Equity II L.P. Indianapolis-based Versatile is a provider of metal processing and recycling services to the electric utility and manufacturing industries. Terms of the deal were not released.
2 min read · 16 December 2011
Crown Castle International Corp. will buy privately held NextG Networks Inc. for about $1 billion, Reuters reported. NextG, which is owned by a group of investors led by Madison Dearborn Partners, operates thousands of distributed antenna systems in major U.S. cities including New York and Chicago, Reuters wrote. Crown Castle is a publicly traded wireless tower company.
2 min read · 16 December 2011
Education Growth Partners has made a “significant investment” in Sightlines, a provider of performance measurement and data benchmarking services to higher education institutions. No details of the investment were released. Sightlines was formed in 2000, and is based in Guilford, Conn.
3 min read · 16 December 2011
New York-based middle-market private equity firm American Securities has acquired Global Tel*Link from Veritas Capital. Terms of the deal were not released. Equity was provided from funds managed by American Securities and from management. Global Tel*Link is a provider of communications products for the corrections industry.
2 min read · 16 December 2011
The Carlyle Group is exiting its investment in auto parts supplier Diversified Machine Inc., selling the company to Platinum Equity, Reuters reported Friday. Terms of the deal were not released. Previous estimates put the value of Diversified Machine at more than $400 million, Reuters wrote.
1 min read · 16 December 2011
iNovia Capital has raised $110 million for its third fund, iNovia Investment Fund III L.P. The firm said investors in the fund include Teralys Capital, BDC Venture Capital, AVAC Ltd., Alberta Enterprise and the BC Renaissance Capital Fund. iNovia focuses on investments in information technology companies in North America.
5 min read · 16 December 2011
Online games maker Zynga Inc. is expected to make a strong debut on the Nasdaq stock exchange on Friday after it priced its initial public offering at the top end of a preliminary range, Reuters reported. Analysts and investors had expected Zynga to raise the price or boost the number of shares it was selling, since demand had seemed strong in recent weeks. The IPO, from the maker of "CityVille" and "FarmVille" games, has been highly anticipated because it is seen as a way for investors to get a slice of Facebook's growth before the social network goes public itself, Reuters wrote.
4 min read · 16 December 2011
