Private Equity
2 min read · 25 October 2010
2 min read · 25 October 2010
4 min read · 25 October 2010
1 min read · 25 October 2010
Oil and gas explorer and producer Triangle Petroleum Corp. formed a joint venture with Oppenheimer Global Resource Private Equity Fund I and a related co-investment fund (OGR). Both funds are managed by an affiliate of New York-based Oppenheimer & Co. Inc. OGR made a $25 million commitment to co-invest with Triangle for asset acquisition and development in the North Dakota Bakken Shale play. OGR received a right to participate in up to 25 percent of Triangle activity in the Williston Basin.
4 min read · 25 October 2010
General Electric Co.’s GE Healthcare plans to purchase all of Clarient Inc.’s common and preferred shares via a tender offer price at $5 per common share and $20 per preferred share. The proposal values Clarient at $587 million. The deal is expected to close in late 2010 or early next year. Clarient is a partner company of Wayne, Pa.-based Safeguard Scientifics, which expects net proceeds of about $145 million from the deal.
5 min read · 22 October 2010
Merriman Holdings Inc. named Bradley Rotter to its independent advisory board. Rotter is chairman of AirPatrol Corp. and has been a public and private venture investor for 30 years. He is also an advisory board member of the hedge fund Symmetry Peak and the private equity fund Pacific Homeland Security Partners. Merriman is a San Francisco, Calif.-based financial services firm.
3 min read · 21 October 2010
AGC Aerospace & Defense hired Timothy Wilson to lead the AGC Finance group as president. He previously worked for M&I Marshall & Ilsely Bank. AGC Aerospace, which is part of Acorn Growth Cos.’ portfolio, supplies technologies, systems and services that support commercial and military programs.
2 min read · 21 October 2010
Patriarch Partners Management Group LLC named Charles Sweet, a managing director at the firm, as interim CEO of NetVersant Solutions. Patriarch Partners is a majority shareholder of the provider of technology solutions. Sweets replaced Rob Macchi.
3 min read · 21 October 2010
Riverlake Partners LLC was the lead investor in a $5 million preferred financing round for RPI Inc. The investment was made through Riverlake Equity Partners II LP. RPI is a Seattle, Wash.-based company that makes personalized products using consumer-generated content. Riverlake is a Portland, Ore.-based private equity group focused on the lower middle market. Riverlake ‘s Partner Victor G. Petroff will serve as RPI’s chairman.
3 min read · 21 October 2010
