Altamont Capital Partners has provided an undisclosed amount of financing to insurance loss adjuster McLarens Young International to support its merger with Airclaims. Airclaims is a loss adjusting company in the aviation industry. Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area.
3 min read · 15 September 2011
Monroe Capital has provided a $22.5 million unitranche facility and an equity co-investment in West World Media, the firm announced Wednesday. The money will be used to refinance existing debt and provide growth capital. West World provides movie theater showtimes, movie content, advertising services, marketing services, web-hosting services and local event data.
2 min read · 15 September 2011
Stonehenge Growth Equity has exited its investment in Tampa, Fla.-based online education and training company VectorLearning, the firm announced Wednesday. The profitable exit was part of a recapitalization of VectorLearning completed by LLR Partners. Terms of the exit were not released, though LLR Partners said in August that it was putting $24 million into VectorLearning.
2 min read · 14 September 2011
OpenAir Equity Partners has exited its investment in Zave Networks, selling the company to Google in early September. Terms were not released. OpenAir Equity Partners is a Kansas City-based firm specializing in the wireless, communications and mobile Internet sectors.
2 min read · 14 September 2011
WhaleShark Media Inc., operator of online coupon and deal sites, has added Jill Balis as senior vice president, marketing. Most recently, Balis was managing director of SMG Search, the dedicated search marketing unit of Starcom MediaVest Group. Texas-based WhaleShark Media is backed by Austin Ventures, Norwest Venture Partners, Adams Street Partners and Google Ventures.
3 min read · 14 September 2011
Japanese buyout shop Tokio Marine Capital has hired Citigroup to advise on the sale of generic drug company Showa Yakuhin Kako Co., Reuters reported, citing a Basis Point report. Tokio Marine Capital led a consortium to buy the asset from JAFCO for around 40 billion yen in 2008, equivalent to around $400 million including debt at that time. The consortium included Polaris Capital Group and PineBridge Investments, Reuters wrote.
1 min read · 14 September 2011
British buyout shop 3i has secured 205 million euros ($280 million) in loans to back its acquisition of French building fastener and fixing company Etanco from IK Investment Partners, Reuters reported Wednesday. French banks CIC, Credit Agricole and Societe Generale are arranging the debt package. European private equity firm IK Investment Partners acquired Etanco in 2008 backed by 172 million euros of debt according to Thomson Reuters, publisher of PEhub.
2 min read · 14 September 2011
Chicago-based private equity firm Winona Capital Management has acquired an undisclosed stake in Petsense, a national chain of specialty pet supply retail stores. Terms of the deal were not released. The company said that Winona’s investment would allow it to build more than 100 new stores across the US. Petsense currently has 50 company-owned stores across 16 states. With offices in Chicago and Seattle, Winona Capital manages roughly $125 million.
2 min read · 14 September 2011
Match.com, the online dating site owned by IAC, acquired a 20% stake in Chinese matchmaking site Zhenai Inc. Terms of the deal were not disclosed. Six-year-old Zhenai provides online and telephone matchmaking services, and has more than 30 million users.
2 min read · 14 September 2011
Buyout firm Oaktree Capital Management Funds sent a letter to toymaker Jakks Pacific Tuesday outlining its intention to buy the company for $670 million, Reuters reported Wednesday. Los Angeles-based Oaktree first made the offer in March and has been rebuffed by the company repeatedly. Oaktree said it would raise its offer if Jakks could "demonstrate to us further value over the course of our due diligence process," Reuters wrote, quoting the letter.
2 min read · 14 September 2011
