Publicly traded gaming company Electronic Arts Inc. has acquired KlickNation, a developer of free social role-playing games. Terms of the deal were not released. The company’s team has joined Electronic Arts’ BioWare division.
3 min read · 02 December 2011
ConAgra Foods Inc. has completed its acquisition of National Pretzel Co. from Brookstone Holdings. Terms of the deal, originally announced in last month, were not released. National Pretzel is based in Lancaster, Penn.
1 min read · 02 December 2011
Falconhead Capital has acquired a controlling stake in Rita’s Water Ice Franchise Co., a company based in Trevose, Penn. Financial terms of the transaction were not disclosed. Formed in 1984, Rita’s Water Ice is a regional Italian ice company.
3 min read · 02 December 2011
Private equity group CVC is making a mark on its auction of Orange Switzerland by holding talks with one of the bidders about a possible merger with the Swiss telecom firm's rival Sunrise, Reuters wrote Friday, citing the Financial Times. CVC had held preliminary discussions with Providence Equity Partners over a possible merger if Providence wins the sales process for France Telecom's Swiss mobile operations, Reuters wrote.
2 min read · 02 December 2011
After failing to win enough support to take over the Clorox Co. board, billionaire investor Carl Icahn has nearly halved his stake in household products maker, Reuters reported. His stake in the company fell to 4.99% as of Dec. 1, a regulatory filing showed on Thursday. He had a stake of 8.17% as of Nov. 2.
1 min read · 02 December 2011
MergerTech Advisors has launched a new $50 million venture fund focused on investment and development of healthcare IT product and services firms. The fund, MergerTech Capital, will invest in companies that enable personalized medicine through the use of technology. The firm is based in San Ramon, Calif.
3 min read · 01 December 2011
Oilfield services company Reservoir Group, which is backed by Houston-based private equity firm SCF Partners, has acquired Mudlogging Services Inc. Mudlogging is a Colorado-based developer and supplier of the MLogger series of gas detection systems. Terms of the deal were not released. The deal is Reservoir Group’s sixth acquisition this year.
3 min read · 01 December 2011
Vestar, a privately held real estate company, is planning a $250 million retail investment fund, Vestar Strategic Retail Partners, the company announced Thursday. Vestar Strategic Retail Partners will acquire value-add retail properties ranging from $20 million to $100 million in the West and Southwest regions of the United States. The fund is expected to close by mid-2012.
2 min read · 01 December 2011
Lone Star has agreed to cut the price of its 4.4 trillion won ($3.9 billion) stake sale in Korea Exchange Bank to Hana Financial Group Inc. by about 11%, Reuters reported Thursday. Lone Star bought into KEB in 2003 and has seen two failed sales attempts -- first to Kookmin Bank for $7.6 billion in 2006 and to HSBC Holdings Plc for $6.3 billion in 2008, Reuters wrote.
2 min read · 01 December 2011
Revolution Growth, which is led by former America Online executives Steve Case, Ted Leonsis and Donn Davis, has closed its new fund with $450 million in commitments. The Hillman Company is among the fund’s 24 limited partners, according to a written release from Revolution.
2 min read · 01 December 2011
