Private Equity

Eamon

Vicente Capital Partners Invests $12.5 Million In SportsMEDIA Technology

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

Burkle To Appeal Court Ruling That Upheld Barnes & Noble’s Poison Pill

2 min read · 03 September 2010

White Deer Energy To Invest $60 Million in PostRock Energy

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

Wicks Group Buys Provider of Audio and MultiMedia Content

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 Closes $5M Bridge Loan From Resource Capital Fund IV

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 Jumps Into PE, Seeks To Secure $750 Million For African Buyout Fund

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

Lloyds Development Capital Acquires Easynet From BskyB For £100 Million

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

CD&R To Buy 42.5% In a Commodity & Chemicals Distributor; CVC Capital Will Retain 42.5%

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

A&P Owner Mulling Sales of Food Emporium

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

Lockheed Martin Could Get $1.5B For Two Units Via Auction: Sources

3 min read · 02 September 2010

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