Private Equity
Grammy award winner Pharrell Williams, lead singer of N.E.R.D., will join KarmaLoop TV as a creative director. KarmaLoop, which has one of the most widely-viewed YouTube channels online, is backed in part by VC firm Insight Venture Partners.
5 min read · 10 May 2011
Gene Lockhart joins Berenson & Co. as a senior advisor, bringing 30 years of experience to the investment bank. Lockhart will remain a venture partner with Oak Investment Partners and an operating partner with Diamond Castle Holdings. He has held a number of leadership positions, including president and CEO of MasterCard International and president of AT&T’s Consumer Services.
3 min read · 10 May 2011
Got our E-mails? Get our e-mails. Now Hiring! JPMorgan hires Drago Rajkovic to work on tech M&A Cheers, Mate! Foster’s vino spinoff spins well Duh, Winning: YouTube monetizes its huge user base, more expected
1 min read · 10 May 2011
Tennessee private equity firm River Associates has sold its interest in Coining Holding Company for $148 million to AMETEK Inc. The deal generated a gross IRR of 76% and netted River Associates 6x its initial investment. Mike Brookshire worked on the deal for the private equity firm; River Associates bought the controlling stake in Coining in August 2007 and made growth investments to support its development.
3 min read · 10 May 2011
Michael Valentine is coming to New York-based Netsmart Technologies as its chief executive, joining the company from Cerner Corp. James Conway, the prior CEO of Netsmart, is retiring and will continue to play a role in the leadership transition. Prior to joining Netsmart, Valentine served as EVP and COO with Cerner.
3 min read · 10 May 2011
Chicago middle market private equity firm Waud Capital paired up with a couple of healthcare execs to acquire Revenue Cycle Solutions as the PE firm launches a platform to build the patient account resolution business. Waud was joined in the investment by Mike Jacoutot, who will join RCS as its Chief Executive Officer, and Mary Ann McLaughlin, who will serve as Chief Operating Officer. Terms were not publicized. Waud Partner David Neighbours and Eric Gordon, VP with Waud, worked on the transaction for the private equity firm.
3 min read · 10 May 2011
2 min read · 09 May 2011
Ruling the Roost: 10 nations with the most Facebook users (per capita) Going Public: Angry Birds is thinking about going public… between now and 2015 Showtime! Groupon, Live Nation team on tix deals site IPO: LinkedIn S-1 details, including share structure
1 min read · 09 May 2011
Littlejohn & Co., the Connecticut-based private equity firm, announced Friday it has restructured Synventive Molding Solutions, maker of components for the global injection molding industry. Terms of the transaction were not publicized. Littlejohn’s Robert Davis, managing director of distressed investments, Brian Ramsay and Antonio Miranda joined Synventive’s board and the company is now majority-controlled by Littlejohn.
2 min read · 07 May 2011
West Coast PE shop Hanover Partners is letting go of an asset back East. The PE firm is selling its Solidscape Inc., a maker of 3D printer systems, to Stratasys, a similar manufacturer. The exit from Solidscape generated a 2.5x cash-on-cash return for lead investors Hanover Partners and Tuckerman Capital, during a nearly 5 year investment period. Hanover has offices in Portland, Ore., and San Francisco, Calif.
2 min read · 07 May 2011
