Private Equity
Denver, Colorado-based startup BroadHop, a provider of policy control solutions to telecom service providers, has been acquired by strategic Cisco, the companies announced. BroadHop will become part of Cisco’s Open Network Environment. Specifics on the deal were not publicized.
2 min read · 18 December 2012
Nor1, the California-based sales technology company, is taking a $9 million Series B round of funding from Concur, the listed provider of travel and expense management solutions. Other backers in the startup include as Goldman Sachs and Accel Partners.
3 min read · 18 December 2012
BlackLocus, the Texas-based pricing-as-a-service company, has been acquired by Georgia-based home improvement retailer Home Depot. Specifics of the transaction were not disclosed.
2 min read · 18 December 2012
NFR Energy spent $655 million to acquire Trilantic Capital Partners’ TLP Energy, an Oklahoma City-based oil and gas producer, in a transaction that closed earlier this week. Other recent and pending exits for the PE firm include Fortitech, Istanbul Doors Group, Mediclinic International, Microstar Logistics and SRAM.
2 min read · 18 December 2012
Tobias Peggs is joining Aviary, the photo editing app, as its new chief executive, the company announced. Aviary’s backers include a group of angels and Spark Capital.
5 min read · 18 December 2012
General Atlantic LLC will acquire the shares held by Actis in Xiabu Xiabu, the Chinese bar-style hotspot brand. Specifics of the deal were not publicized. Xiabu has over 300 restaurants in places like Hebei, Liaoning and Shanghai.
4 min read · 18 December 2012
Michael A. Miles Jr. is joining Berkshire Partners, the Boston investment firm, as an advisory director. Miles joins Berkshire from retailer Staples, where he served as president since 2006 and COO since 2003.
2 min read · 18 December 2012
To kick off Tuesday, we've got more on the Met-meltdown, DeMint's replacement and the new brain.
1 min read · 18 December 2012
For five years, Oliver Gottschalg has been compiling, analyzing and evaluating in-depth data on LBO shops. Ever year, he cranks out a list of the top 25 private equity firms in the world, using factors including their cash-flow performance, cash-on-cash multiples of IRR, as well as a number of other metrics from a 13-year sampling space.
2 min read · 17 December 2012
Ryan Ricci is joining startup 33Across, formerly a veteran of Tremor Video. He will be VP of East Coast sales with the New York-based startup. Backers in the social targeting company include First Round Capital, Pelion Ventures, and Flybridge Capital Partners.
2 min read · 17 December 2012
