Confie Seguros, the national provider of insurance that concentrates on the Hispanic demographic, has acquired a pair of New Jersey brokerages-- Royale Insurance and First Americano Insurance Agency – from founder and CEO Remberto Perez, a seasoned insurance executive who will continue as CEO of the two companies. The company is a portfolio company of Genstar Capital.
2 min read · 23 May 2011
Got Our E-mails? Get Our E-mails! The LinkedIn Effect: Yandex boosts its IPO expectations Trading Up? Grassley eyes SAC Capital
1 min read · 23 May 2011
Private equity firm TowerBrook Capital Partners sold Jimmy Choo to Labelux GmbH for terms undisclosed. Labelux, the private investment firm, is reportedly paying up to $893 million in the deal, Reuters reported earlier. Rothschild acted as financial adviser, Hogan Lovells acted as legal adviser and KPMG advised on due diligence for Labelux. Joshua Schulman and the Management Team were advised by Pearce LLP. Tamara Mellon was advised by MX Capital Partners, Vedder Price, New York and Travers Smith, London. Goldman Sachs and Morgan Stanley acted as financial adviser and Kirkland & Ellis acted as legal adviser for TowerBrook.
4 min read · 22 May 2011
Q Chip Limited, a VC-backed pharmaceutical company working on cancer treatments based in the UK, locked in a $6 million Series C fundraising from Dutch investors Limburg Ventures and Nedermaas Hightech Ventures. Prior investors include Disruptive Capital Finance, which to date has led investments totaling $14.2 million in Q Chip Limited; Disruptive Capital also took part in the Series C round.
3 min read · 22 May 2011
Cleveland-based private equity firm Primus Capital is selling its Encore Discovery Solutions to a strategic buyer in EPIQ Systems Inc., which is based in Kansas City. Terms of the deal were not disclosed and advisors were not publicized.
2 min read · 22 May 2011
Before, investors in private companies had to rely on secondary market exchanges’ accreditation process to accept them in order to start buying into late-stage startups pre-IPO. Before, they were subject to hefty transaction fees if they wanted to jump into shares of startups like Facebook, so that they would have to realize a share value gain just to hit breakeven, if they were short-term buyers. That was before. Michael Moe, one of the founders of GSV Capital Corp., changed that....
2 min read · 20 May 2011
Mobile video sharing company Vuclip raised $8 million from a group of investors including New Enterprise Associates and Jafco Ventures. The company has expanded to markets including India, Indonesia and Malaysia. Nick Sturiale of Jafco and Krishna Kolluri of NEA worked on the deal; specifics were not publicized.
3 min read · 20 May 2011
Kleiner Perkins Caufield & Byers and Highland Capital Partners teamed to provide mobile app firm session M with a $6.5 million financing. Other partners also contributed to the funding, which session M announced at its website, but they were not publicized. session M will be a part of the KPCB iFund. Bob Davis from Highland and Matt Murphy from KPCB will join the Company's board.
2 min read · 20 May 2011
Fifth Street Finance is moving its talent into better roles, and filling out bottom ranks too. Lawrence Beller, Brian Finkelstein & Kyde Sharp were all promoted from Vice President to Directors at Fifth Street Finance Corp., the investment firm announced earlier this week. Fred Chung, an associate, was also hired.
1 min read · 20 May 2011
On Sale? 247WallSt.com’s Jon Ogg predicts Gap & Aeropostale will be getting cheaper, something that PE firms would like to see Parting Shots: MassHighTech’s Galen Moore is moving on, and he’s got something to say to your PR department in Boston Now Hiring: UBS takes a new energy banker Going Public: Prada eyes June Hong Kong IPO
1 min read · 20 May 2011
