Cloud-based email security company AGARI, f.k.a. Authentication Metrics Inc., has added $2.5 million in fresh capital from Alloy Ventures, Battery Ventures, First Round Capital and Greylock Partners. The Series A round will be used to scale its technology, designed to protect brand reputation, eliminate email threats, and prevent the loss of sensitive data, the company says. AGARI is based in Palo Alto, Calif. Alloy Ventures led the round.
5 min read · 02 November 2011
Blackstone Group has completed its acquisition of Emdeon Inc., a provider of healthcare revenue, payment cycle management and clinical information exchange technology. The deal was valued at roughly $3 billion. Hellman & Friedman will maintain a “significant minority equity interest” in Emdeon, the company said in a press release.
3 min read · 02 November 2011
McDermott Will & Emery advised Speyside Equity in the sale of a majority stake in portfolio company United Initiators GmbH, and a minority stake in portfolio company Sweet Ovations, to Vision Capital, the law firm announced Wednesday. Vision Capital is based in London. Terms were not released.
2 min read · 02 November 2011
Germany's biggest steelmaker ThyssenKrupp invited private equity buyers to a roadshow about a sale of its stainless business, Reuters reported Wednesday. Among the firms invited to participate were Apollo, Blackstone Group and Kohlberg Kravis Roberts & Co., Reuters said.
1 min read · 02 November 2011
United Recovery Systems, which is backed by the Audax Group, has acquired the businesses of AID Associates Inc., which runs collection services companies Plaza Associates and A.C.B. American. Houston-based United Recovery Systems provides a third-party contingency debt collection services for credit card companies, auto loan companies and retail companies. Terms were not released. Audax bought United Recovery in 2008.
2 min read · 02 November 2011
New York-based buyout shop Monomoy Capital Partners has acquired Oneida Ltd., the maker of flatware and dinnerware. The investment is the first deal out of the firm’s second fund, Monomoy Capital Partners II. Terms were not released. Oneida was formed in 1880, and makes flatware and dinnerware for consumers and the foodservice industries.
3 min read · 02 November 2011
Bain Capital and BC Partners are up against domestic retailers in the 1 billion euro ($1.4 billion) competition to buy the Netherlands' number two supermarket chain C1000, Reuters reported. The buyout shops have entered into the second round of the sale process. Dutch groups Jumbo and Sperwer Holding are also in the running.
1 min read · 02 November 2011
IK Investment Partners' sale of German outdoor sport surface maker Sport Group is in limbo as private equity firms reconsider bids for the company, Reuters reported Wednesday. Bankers are concerned that Sport Group's earnings could drop as the company is exposed to falling public spending, Reuters wrote. EQT, Nordic Capital and PAI Partners have been interested in the company, which had a price tag of around 200 to 250 million euros. Nordic Capital has already pulled out of the process.
2 min read · 02 November 2011
Charterhouse Group and Thompson Street Capital Partners have acquired Perimeter Technology in partnership with Cequel III, a St. Louis-based management and investment firm. Oklahoma City-based Perimeter is a provider of data center colocation and managed hosting services. Terms of the deal were not released.
2 min read · 02 November 2011
Alex Kinnier has joined venture firm New Enterprise Associates as a partner. Previously, Kinnier was a partner at Khosla Ventures in Menlo Park, Calif., where he focused on information and consumer internet technology investments. Earlier in his career he was a group product manager at Google. Kinnier will work out of NEA’s east coast offices.
3 min read · 02 November 2011
