Private Equity

cnolan

IBM Buys Emptoris

IBM will acquire Emptoris Inc., a provider of cloud and on-premise analytics software for procurement and supply chain operations. Terms of the deal were not released. Founded in 1999, Emptoris was majority owned by Los Angeles-based private equity firm Marlin Equity Partners. Emptoris is based in Burlington, Mass.

3 min read · 16 December 2011

PE-backed Iron Data Adds Thomas Sechler as C.E.O.

Iron Data, a private equity-backed provider of IT software and services, has named Thomas Sechler as chief executive. Iron Data is a portfolio company of Arlington Capital Partners. Sechler previously ran the homeland and civilian solutions business area for BAE Systems. Earlier, he served as a senior vice president at DigitalNet. Iron Data is based in Washington.

3 min read · 16 December 2011

TPG Capital Buys MediaWorks Debt

TPG Capital has bought NZ$70 million ($53 million) of the debt of New Zealand media company MediaWorks from Commonwealth Bank of Australia, Reuters reported. TPG Capital now holds about 20% of the senior loans of MediaWorks, Reuters wrote. MediaWorks was acquired by Australian private equity firm Ironbridge Capital in a NZ$800 million leveraged buyout in 2007.

2 min read · 16 December 2011

Apollo Set to Buy Taminco for $1.56B

Apollo Global Management is set to acquire Belgian chemicals company Taminco for around 1.2 billion euros ($1.56 billion), Reuters reported Thursday. Taminco is currently owned by CVC Capital Partners. Ghent-based Taminco makes chemical building blocks for crop protection, animal feeds, water treatment and drugs.

2 min read · 16 December 2011

ThyssenKrupp Board Approves Star Capital Deal

The supervisory board of ThyssenKrupp's Marine Systems division has approved plans to sell the civilian shipbuilding business of Blohm + Voss to British private equity company Star Capital, Reuters wrote Friday.

1 min read · 09 December 2011

Carl Icahn Launches Tender Offer for Commercial Metals

Billionaire investor Carl Icahn launched a tender offer for the shares of Commercial Metals at $15 apiece even as the metals recycler tries to resist his $1.73 billion hostile bid, Reuters reported Friday.

1 min read · 09 December 2011

Red Robot Labs Buys Supermono

Palo Alto, Calif.-based mobile gaming company Red Robot Labs has acquired British gaming company Supermono Studios. Terms of the acquisition were not released. Red Robot is backed by $8.5 million in Series A funding from investors including Benchmark Capital, Shasta Ventures and Playdom co-founder Rick Thompson.

3 min read · 09 December 2011

Silverpeak to Manage Dubai Investment Group Portfolio

Dubai Investment Group has appointed private equity firm Silverpeak Real Estate Partners to manage its U.S. and German real estate portfolio, Reuters reported Friday. DIG is the real estate and asset management arm of Dubai Group.

2 min read · 09 December 2011

Hansen Medical Inks $30M Debt Financing

Hansen Medical Inc., a listed maker of flexible catheter robotics, has added $30 million in debt financing from Oxford Finance and Silicon Valley Bank. The financing will be used for general corporate purposes. Hansen Medical is based in Mountain View, Calif.

4 min read · 09 December 2011

Lattice Semiconductor Pays $62M for SiliconBlue

Publicly traded Lattice Semiconductor Corp. will pay roughly $62 million to acquire SiliconBlue Technologies, a venture-backed maker of products for the consumer handheld market. Founded in 2006 and based in Santa Clara, Calif., SiliconBlue was backed by investors including BlueRunVentures, Crosslink Capital, NEA, Apex Venture Partners, TSMC and Atlantic Bridge.

4 min read · 09 December 2011

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