Rimage Corp., a publicly traded provider of on-demand DVD and Blu-ray publishing systems, will acquire Qumu Inc., an enterprise video communications company. Rimage will pay $52 million, which includes a $39 million cash component and 1 million shares of Rimage commons stock. Qumu was reportedly backed by investors including Advanced Technology Ventures, SAP Ventures, Storm Ventures, Garage Technology Ventures, Halo Opportunities Fund and the Angels Forum.
7 min read · 10 October 2011
Publicly traded Keynote Systems is paying $60 million in cash to buy venture-backed Mobile Complete Inc. maker of a cloud-based platform for testing and monitoring mobile websites and apps. Mobile Complete, which operates as DeviceAnywhere, was backed by Innovacom and Motorola Ventures.
6 min read · 10 October 2011
Investec has provided 14 million pounds ($21.9 million) in debt financing to Glasgow-based Clyde Blowers Capital, an investor in industrial businesses. The debt facility will enable Clyde Blowers Capital to co-invest in the Clyde Blowers Capital Fund III, the firm said in a statement.
2 min read · 10 October 2011
After its $471 million offer for education software company Renaissance Learning was rejected, Plato Learning Inc. has upped the offer to $496 milliom, Reuters reported. The cash offer values Renaissance at $16.90 per share. Buyout shop Permira had first struck a deal to buy Renaissance for $14.85 per share in August, but these plans were upset when Plato stepped in with a higher offer of $15.50 a share in September, Reuters wrote.
1 min read · 10 October 2011
MidCap Financial announced Monday that it served as sole lead arranger and administrative agent in $53 million of financing to support the acquisition of Interactive Health Solutions. CI Capital Partners acquired Interactive health. MidCap Financial is a commercial finance company focused on middle-market healthcare deals.
2 min read · 10 October 2011
A unit of GE Energy Financial Services is putting $50 million into London-listed clean energy producer Greenko, Reuters reported. The infusion will help the company with its goals of providing 1 gigawatt of operational wind capacity by 2017. Greenko is based in India, and was formed in 2006.
2 min read · 10 October 2011
2 min read · 10 October 2011
Plastic packaging producer Sonoco Products Co. will buy protective-packaging company Tegrant Corp. for $550 million in cash from private equity firm Metalmark Capital, Reuters reported Monday.
1 min read · 10 October 2011
Oak Hill Capital Partners has put $55 million into Southern Air Holding, the companies announced Friday. Oak Hill Capital has been a majority investor in Southern Air since 2007. The new infusion will help Southern Air with its fleet renewal plans, and will be used for continued growth.
3 min read · 10 October 2011
China’s Alibaba Group has talked with Temasek Holdings about providing financing to buy the 40% stake in itself held by Yahoo Inc., Reuters reported, citing Bloomberg. Temasek is a state-owned Singapore investment company. Temasek is a shareholder in Alibaba Group.
1 min read · 10 October 2011
