The Mystery of the prosecutor who did not indict the man alleged to be the monster of Penn State CD&R Hungry for Greencore When to Duck your employer’s sucky insurance The Tale of the lawmaker with three jobs, two of which he is good at Every So Often Simmons manages to write just enough. Here’s one, on the Thrillers of Manila Whose Got the Power? Power Finance Corporation to launch $1 billion PE fund Caught on Camera: Japanese camera maker Olympus admits payments to merger advisors and VC funds to cover up losses Crunch Time: CrunchBase reveals seed and angels rounds take preference over Series A Grow Baby, Grow: Global tech M&A deals up 22% to $56.4 billion in Q3 Gearing up for Funding: A maiden fundraising round for Collabor Cash in the Clouds: Start-up MineralTree launches with $1.5m in the bag
1 min read · 10 November 2011
Ohio private equity firm Riverside Co. has dealt its Media Source, a children’s literature specialist, the PE firm announced. It is Riverside’s fifth exit of 2011. The PE firm struck deals to acquire The Horn Book Inc. in Massachusetts and titles from Reed Business Information after making the acquisition of Media Source in 2007. Specifics on the transaction were not publicized.
3 min read · 09 November 2011
HIG Capital, the Miami-based private equity firm, will acquire Next Generation Vending & Food Service Inc. The company provides vending service in the Northeast US. Next Generation's management team, led by Chief Executive Officer, David Mac Isaac and Chief Operating Office, Joe Rogan, joined forces with H.I.G. to consummate the recapitalization. The private equity firm has a goal to expand Next Generation’s footprint.
2 min read · 09 November 2011
Canadian e-tailer Beyond the Rack reeled in $36 million in VC bucks from investors Panorama Capital, the California VC that read the round, and other investors Export Development Canada, Tandem Expansion Fund, Rho Canada, Inovia Capital, Highland Capital Partners and BDC Capital. Shahan Soghikian, a MD with Panorama Capital, will join Beyond the Rack’s board.
5 min read · 09 November 2011
3 min read · 09 November 2011
Cowa-Bunga-Bunga: Berlusconi’s outta here! L’Chaim! Sofinnova Ventures eyes Israel Back in Action: SAC Capital spinoff Siris They’ll be Back: Occupy Zuccotti protestors plot NY-to-DC march Me, Too! Now Yelp wants to go public Fund Founded: Thiel's fund said to be raising up to $600 million Stashing the Cash: JC Flowers weathers global market turmoil Cloud's Silver Lining: CX.com start-up rolls out new product and boosts management team Bring it Back: Back9 boosts funding round A Healthy Start: Healthcare resource start-up Kyruus raises $3 million
1 min read · 09 November 2011
Index Ventures has raised a new VC fund to invest $700 million from its UK and its new San Francisco offices. The fund will operate as a growth fund and invest internationally. Prior Index Ventures investments include Dropbox, Songkick, Etsy and Boku.
2 min read · 09 November 2011
Getting Messy: Cain may not be able to talk his way out of this one Dealing: Advent tries to Wiggle into a deal Makin’ it Great: Olympus takes second hand pizza from BofA Soros Blames Merkel: For the Euro crisis Dying Medium Attacks Bloated Company: Times demands HuffPo drops the “lode” Take your Time: KKR and Apollo get sweet deal from Teachers Retirement System of Texas More Money for CleanTech: RHB Private Equity and Japan SBI Investment set up Asian Cleantech Fund A Billion for Indonesia: Former BofA banker launches merchant banking model PE fund It's a Strange World: Canadian super angels swoop in for Strangeloop Japanese Mega IPO: Korean online gaming giant Nexon aims to raise $1.3 billion on Tokyo Stock Exchange
1 min read · 08 November 2011
Private equity firms Warburg Pincus and GS Capital Partners will acquire the majority position in Endurance International Group, a hosting service for online businesses, from investor Accel-KKR, which will retain a stake in the company. Specifics on the deal were not publicized. Credit Suisse acted as the financial advisor to Warburg Pincus and provided the debt financing for the transaction. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to Warburg Pincus and Goodwin Proctor LLP acted as legal advisor to GS Capital Partners. Morgan Stanley served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Endurance and Accel-KKR.
5 min read · 07 November 2011
Corporation Service Co., the business consulting and solutions company, will acquire MLM Information Services, the tax management and compliance services firm, from private equity firm Warburg Pincus. CSC did not disclose a purchase price. Wells Fargo Securities acted as financial advisor to CSC, and Skadden, Arps, Slate, Meagher & Flom LLP provided legal advice. Willkie Farr & Gallagher LLP provided legal advice to Warburg Pincus and MLM Information Services.
4 min read · 07 November 2011
