Blackstone is in talks to sell its Nido student accommodation portfolio in a deal that could reach 500 million pounds ($786 million), Reuters reported Friday. The firm is in talks with “less than five parties” about a potential sale. Nido comprises three UK assets and one in Barcelona, Spain.
2 min read · 16 September 2011
Buyout shop Silver Lake is mulling a bid for Yahoo, Reuters reported Friday, citing reports by Bloomberg and the Wall Street Journal. As part of a deal, Silver Lake would reportedly sell off Yahoo's Asian assets and then attempt to turn around the main operations or find a buyer for that business. According to the Wall Street Journal, Yahoo has not met with Silver Lake.
1 min read · 16 September 2011
Mike Shaver is leaving Mozilla Corp. – the maker of the browser Firefox – after six years with the company, he said on his blog today. Shaver, one of the founders of the Mozilla project and VP of Technical Strategy for Mozilla Corp., is vague about where he’ll head next: “I haven’t yet decided what’s next, though I have some exciting opportunities to explore,” he writes.
1 min read · 16 September 2011
Clearview Capital has acquired Child Health Holdings from Harbert Private Equity, the firm announced. Tampa-based Child Health, which does business as Pediatric Health Choice, provides health care services for medically complex, technology-dependent and behaviorally challenged children. The deal closed on September 2. Terms were not released.
2 min read · 15 September 2011
Omni-ID, a supplier of high-performance, passive UHF RFID tags, has raised nearly $8 million in new funding, and added George Daddis as its president and chief executive, the company announced. The new infusion of capital will be used for expansion efforts. Omni-ID is backed by Trillium Group is a Rochester, N.Y.-based private equity firm.
3 min read · 15 September 2011
RRJ Capital, a $2.4 billion Asian private equity firm, and a unit of Hong Kong's Cheung Kong, has poured $80 million into AAB, a Chinese maker of baby diapers, Reuters reported. AAB China does around 70 percent of its sales in China and 30 percent overseas, Reuters wrote.
2 min read · 15 September 2011
Mumbai-based metals trader and wind farm operator Ushdev International is attempting to raised between $20 million and $40 million from private equity investors, Reuters reported Thursday. The company is talking with unnamed private investors about an expansion capital round, and considering selling up to 20% equity in the company, Reuters reported.
3 min read · 15 September 2011
The $10 billion Russian Direct Investment Fund is fully staffed and ready to begin making investments, Reuters reported Thursday. The fund, a Kremlin initiative, plans to co-invest with private-equity, sovereign wealth funds and strategic investors. The fund was created in June with backing of President Dmitry Medvedev and Prime Minister Vladimir Putin.
3 min read · 15 September 2011
GCT Semiconductor Inc., a maker of mobile semiconductor software, has filed with U.S. regulators to raise up to $100 million in an initial public offering. The company said it plans to use about $12.1 million of the proceeds to repay debt. The rest will go toward working capital and general corporate purposes. Goldman Sachs, BofA Merrill Lynch, Cowen and Co, and Oppenheimer & Co. are listed as underwriters. The company has reportedly raised more than $70 million in private capital from investors including Pequot Ventures, Samsung Ventures and Parakletos Ventures.
2 min read · 15 September 2011
Accel-KKR has taken an undisclosed stake in Paymentus Corp., a provider of electronic bill payment, presentment and customer communication technology and services. Terms of the deal were not released. The cash infusion will be used to expand the company’s platform development and distribution efforts. The Paymentus platform provides enterprise bill payment, presentment and revenue management technology through a self-service model, the company says. Pagemill Partners advised Paymentus.
3 min read · 15 September 2011
