With financing from August Capital, Cannan Partners, Foundation Capital and Silicon Valley Bank, Ebates has acquired reward site FatWallet.com and the coupon shopping site AnyCoupons.com. The online cash-back shopping company has combined the companies to form Performance Marketing Brands Inc. Ebates.com, FatWallet.com and AnyCoupons.com will continue to operate distinct websites, but will provide retailers the ability to advertise through a single company, the company said in a written statement. Financial terms of the acquisition were not released.
4 min read · 09 September 2011
Gloucester Engineering Co. has added Jon Bourne as territory service manager for EMEA. He joins from Swiss Winding Performance, where he worked for roughly a year. Prior to Swiss Winding, Jon spent most of his career with GEC and its predecessor companies, where he held positions managing equipment installations, technical support and aftermarket parts and services. Private equity firm Blue Wolf Capital Partners is the majority owner of Gloucester Engineering.
2 min read · 09 September 2011
Kennet Partners has invested $25 million into WorldOne, a research agency specializing in healthcare data collection for market research companies, agencies, and consulting firms. Michael Elias, managing director at Kennet, will join the board as a result of the round. The funding will be used for international expansion and to develop new business lines, WorldOne said.
3 min read · 09 September 2011
The Riverside Co. has acquired Chicago-based marketing company Centiv Services. Terms of the deal were not released. Formed in 2001, Centiv provides a marketing automation platform designed to help businesses develop customized, local marketing campaigns that can be designed, produced and fulfilled with short turnaround times.
3 min read · 09 September 2011
Chinese group-buying website Lashou.com is planning an initial public offering in the United States, Bloomberg reports, but has yet to set a timeline. The company has raised $110 million from investors including GSR Ventures, and has a valuation of roughly $1.1 billion, Reuters reports. The company is looking for advisers to replace Morgan Stanley and Goldman Sachs, which are underwriting the IPO of rival Groupon Inc, Bloomberg wrote.
1 min read · 09 September 2011
Partners Group has invested an undisclosed amount in Sorgenia France, a platform of onshore wind projects. The company is also backed by Kohlberg Kravis Roberts & Co. Partners Group has more than 20 billion euro under management across private equity, private real estate, private infrastructure and private debt.
2 min read · 09 September 2011
U.S. buyout shop Hudson Clean Energy Partners is planning to raise its first yuan-denominated fund to invest in China's expanding clean energy market, Reuters reported Friday. The firm manages a $1 billion clean tech fund in the U.S. The firm is setting up its China fund in partnership with the municipal government of Yangzhou, a city located in one of China's most affluent provinces, Reuters wrote. The firm did not disclose the projected target for the fund.
3 min read · 09 September 2011
Pizza chain Sbarro Inc. has reached an agreement with creditors allowing it to attempt to sell itself out of bankruptcy, Reuters reported. The company is slated to seek court approval for its plans on September 26. Lenders include MidOcean Partners III LP and Ares Corporate Opportunities Fund II LP.
2 min read · 09 September 2011
Diesel engine maker Cummins Inc. said it agreed to sell a part of its light duty filtration operations to Industrial Opportunity Partners, Reuters reported Friday. Terms of the deal were not released. The sale is part of Cummins’ plans to streamline its business segments.
1 min read · 09 September 2011
NewPage Corp., the largest producer of magazine paper in North America, filed for bankruptcy Wednesday, chalking up a loss for its owner Cerberus Capital Management. Cerberus paid $2.3 billion for the company in 2005, and had been trying to restructure $4.2 billion in debt since earlier this year, Reuters reports. With $3.4 billion in assets, the bankruptcy is the biggest Chapter 11 filing of the year and the largest filing of a non-financial company since 2009, according to Bankruptcydata.com.
3 min read · 08 September 2011
