Buyout firm Warburg Pincus has bolstered its team, adding former McAfee Inc. technology boss George Kurtz as an executive-in-residence, Reuters reported Wednesday. Kurtz resigned as worldwide chief technology officer at McAfee last month. He had been with the Internet security firm since 2004, when Foundstone Inc., an IT security solutions provider that he led, was acquired by McAfee, Reuters wrote.
2 min read · 30 November 2011
Private equity backed NewNet Communication Technologies is acquiring a business unit from Nokia Siemens Networks, Reuters reported Tuesday. Financial terms of the deal were not released. NewNet is owned by California-based private equity firm Skyview Capital.
2 min read · 29 November 2011
Gerard Arpey is joining Emerald Creek Group as a partner. Arpey joins from AMR Corp., where he served as Chairman and CEO. Emerald Creek Group is a Houston-based private equity firm focused on real estate.
2 min read · 29 November 2011
Middle-market investor Lyceum Capital has acquired security software maker Clearswift. Terms of the deal were not released. Clearswift’s software is designed to manage inbound threats, data loss prevention, web access policies and compliance across both web and email communications, the company says. Clearswift is based in the U.K.
4 min read · 29 November 2011
AMR Corp., the parent company of American Airlines Inc., is filing for Chapter 11 bankruptcy protection in order to “achieve a cost and debt structure that is competitive in the airline industry,” the company announced Tuesday. The company said it plans to continue normal business operations through the reorganization process.
2 min read · 29 November 2011
Nordic Capital has appointed Carnegie and SEB Enskilda as advisors for the sale or public listing of Swedish industrial packaging firm Nefab, Reuters reported Monday. The value of a potential deal has been estimated between 2 billion crowns ($286 million) and 350 million euros ($464 million), Reuters wrote.
2 min read · 28 November 2011
Boston-based buyout shop Riverside Partners is taking a majority stake in ITC Global, a provider of satellite communications services to mining, energy and maritime businesses operating in remote environments. Terms of the deal were not released.
3 min read · 28 November 2011
Private equity group KKR & Co. is about to secure a deal to buy Capital Safety Group, a British manufacturer of safety equipment to protect against falls, for about $1.1 billion, Reuters reported Monday. Capital Safety Group is currently owned by Arle Capital Partners.
1 min read · 28 November 2011
Billionaire investor Carl Icahn has offered $15 a share, or $1.73 billion, for Texas-based Commercial Metals Co. The deal would combine the metals recycler with Icahn’s PSC Metals Inc., Reuters reported.
1 min read · 28 November 2011
Victory Park Capital, an alternative asset management firm that provides financing to small cap and middle-market companies, has closed its newest fund, VPC Fund II, with $480 million. The fund is a distressed private equity and debt vehicle. Victory Park Capital is based in Chicago.
2 min read · 28 November 2011
