Private Equity
SportsMEDIA Technology Corp. secured $12.5 million in growth capital funding from Vicente Capital Partners. The Durham, N.C. provider of graphics, statistics and video used for sports broadcasts, plans to use the capital to accelerate the launch of new products and to switch current products to its next generation software platform.
3 min read · 03 September 2010
2 min read · 03 September 2010
White Deer Energy L.P. agreed to invest $60 million in PostRock Energy Corp. (Nasdaq: PSTR) in exchange for preferred stock and warrants. PostRock explores, develops and produces oil and natural gas primarily in the Cherokee Basin of Kansas and Oklahoma. It will use the funds to reduce its debt and to fund growth. White Deer is an energy-focused private equity firm. It set up a reserve of $30 million to potentially make additional investments in PostRock.
5 min read · 03 September 2010
An affiliate of Wicks Group of Cos. LLC bought Antenna Audio Inc., Antenna Audio Ltd. and subsidiaries from Discovery Communications. Antenna provides audio and multimedia content at museums, exhibitions, historic sites and other venues.
2 min read · 02 September 2010
First Nickel Inc. completed a $5 million financing deal with Resource Capital Fund IV LP. The bridge loan facility matures Dec. 31, 2013. First Nickel, which is a Canadian mining company, plans to use the funds to start capital development activities at its Lockerby Mine.
2 min read · 02 September 2010
Bob Geldof (rock star and philanthropist) and Mark Florman are working together to launch a buyout fund that seeks to raise $750 million, Financial News reported. The vehicle will make investments in Africa and will target agribusinesses, financial services and telecommunications companies, according to a statement from NL EVD International. Florman previously worked for U.K. buyout shop Doughty Hanson.
1 min read · 02 September 2010
Satellite broadcaster BSkyB completed the sale of its Easynet business-to-business telecommunications unit for 100 million pounds ($153.9 million) to Lloyds Banking Group’s the private equity arm Lloyds Development Capital.
3 min read · 02 September 2010
Clayton, Dubilier & Rice LLC agreed to acquire a 42.5 percent stake in Univar NV in a transaction that values the distributor of commodity and specialty chemicals at about $4.2 billion. CVC Capital Partners Ltd. plans to hold onto a 42.5 percent stake in the business. Univar’s management and other existing investors will own the remaining interest.
5 min read · 02 September 2010
Great Atlantic & Pacific Tea Co. might sell its Food Emporium stores, the Wall Street Journal said. Great Atlantic & Pacific, which operates the A&P supermarket chain, is considering the move to boost liquidity, according to people familiar with the matter. A couple of PE shops identified as potential buyers are Angelo Gordon & Co. and Sterling Investment Partners.
1 min read · 02 September 2010
3 min read · 02 September 2010