Investment firm First Reserve Corp. has added to its infrastructure team, naming Eduard Ruijs as a director and Ed Fidler as vice president. Both will be based in London. Ruijs joins from NIBC Infrastructure Partners. Fidler was previously associate director of Macquarie Capital Funds.
2 min read · 20 October 2011
Private equity investor Tricor Pacific Capital Inc. has invested $40 million into Avision Young, taking a minority stake in the commercial real estate services company. Avision is based in Toronto. Tricor Pacific focuses on middle-market deals and has offices in Vancouver and Lake Forest, Ill.
5 min read · 20 October 2011
San Francisco-based mobile advertising startup Tapjoy has named Jim Jones as vice president and general manager of sales. Jones served most recently as America's Regional Vice President at Yahoo Inc. Earlier in his career, Jones was the regional vice president of west coast sales for CNET Networks. Tapjoy is backed by investors including J.P.Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures.
3 min read · 20 October 2011
North Street Capital, which bought the luxury sports car business of the Dutch owner of Saab in September, is putting $70 million into the car maker, Reuters reported Thursday. Swedish Automobile, which owns Sweden's Saab, said on Thursday it would accept a $10 million equity investment from the firm, and a $60 million loan to fund its ongoing reorganization.
2 min read · 20 October 2011
Twitter is reportedly eyeing a former Google executive as a possible addition to its board, Reuters reported Wednesday. The microblogging service is looking to add to the board’s business credentials and diversity. The search is in its early stages. But some names that have come up include Mariam Naficy, chief executive officer of paper goods company Minted.com, and Sukhinder Singh Cassidy, chief executive officer at fashion retail site Joyus and the former president of Google's Asia-Pacific and Latin American operations, Reuters wrote.
2 min read · 20 October 2011
Chinese buyout shop China Science & Merchants is planning a $1 billion fund that will be the first open to non-Chinese investors, Reuters reported Thursday. EME Capital is the global coordinator and advisor on the fund-raising.
2 min read · 20 October 2011
At least five private equity shops are planning to submit first-round bids for British frozen food retailer Iceland Foods, Reuters reported Wednesday. Names of the buyout shops were not released. Supermarket groups Asda, owned by retail giant Wal-Mart and Wm Morrison are also expected to bid for the 77% stake.
1 min read · 19 October 2011
ORIX Venture Finance has provided a combined $30 million senior secured debt facility to Angie’s List Inc. The facility includes a non-amortizing term loan from ORIX Venture Finance and a creatively structured revolving line of credit from Bridge Bank, the firm announced Wednesday. Angie’s List will use the money for working capital, and to refinance existing debt.
3 min read · 19 October 2011
Norwest Equity Partners, a Minneapolis-based middle-market investment firm, has promoted Tom Schauerman to partner. Schauerman joined the firm in 1998 and has focused on management buyouts, recapitalizations, and growth financings within the technology and business services, manufacturing, and distribution industries.
2 min read · 19 October 2011
Menlo Park-based TriplePoint Capital, which provides debt financing, leasing and direct equity investments to venture capital-backed companies, has closed on $1 billion of private capital funds. TriplePoint plans to expand its portfolio of venture debt financing and equity investments, as well as expand its product offerings.
3 min read · 19 October 2011
