Private Equity
LockerDome has completed a $6 million Series A funding round led by Cultivation Capital Growth Fund. Other investors include the St. Louis Cardinals President William DeWitt III and other members of the St. Louis Cardinals ownership group, 5-time NHL All-Star and Hart Trophy winner Chris Pronger, and a member of the Milwaukee Brewers ownership group, as well as other undisclosed parties. Cultivation Capital is the VC fund from Square co-founder Jim McKelvey. LockerDome, of St. Louis, is a social networking site for sports.
4 min read · 04 March 2013
H.I.G. Capital said Monday that it closed its fifth buyout fund at $1 billion. H.I.G. Capital Partners V will invest in private equity, buyout and equity-related investments in lower middle-market companies primarily in the United States.
2 min read · 04 March 2013
Lion Equity Partners has acquired International Mail Services, which was a U.S. division of Pitney Bowes. Financial terms were not announced. The business has been renamed IMEX Global Solutions and will be based in Newark, N.J.. IMEX is a provider of international mail logistics and distribution services.
2 min read · 01 March 2013
ABRY Partners looks like it's boosting in stake in Datapipe and will have a majority of the data center provider.
2 min read · 01 March 2013
To end your week, we have news that CalPERS is getting sued for racial bias, Stanley Druckenmiller thinks a big crash is coming and Taco Bell in the U.K. finds horse meat in its products. And so much more!
1 min read · 01 March 2013
Some big transactions helped boost deal values in February. There were 472 U.S. announced mergers last month valued at roughly $127.9 billion, according to data from Thomson Reuters.
2 min read · 01 March 2013
Today's news include Andrew Mason is officially out as Groupon's CEO, Herbalife sides with Carl Icahn and why limiting emails to 50 words is a great idea.
1 min read · 28 February 2013
Sagent Advisors said Thursday that Will Carnell, Sarah Forcino and Katie Kieran were each promoted to the position of VP. Carnell joined Sagent in 2009 and focuses in the packaging, capital goods and multi-industry sectors. Forcino has been with Sagent since 2007 and focuses on the execution of mergers and acquisitions and alternative capital markets transactions across multiple industries. Kieran joined Sagent in 2009 and is a member of the firm's financial sponsors team.
2 min read · 28 February 2013
Aker Solutions has acquired Managed Pressure Operations International, which was backed by NGP Energy Technology Partners. Financial terms weren't announced. MPO, of Houston, provides managed pressure drilling and continuous circulating systems. Tudor, Pickering, Holt & Co. provided financial advice to MPO.
2 min read · 27 February 2013
To end your Wednesday, we have news that Groupon's Q4 results disappoint, Flowers Foods wins Wonder Bread and a British survey finds people really lie about their drinking habits.
1 min read · 27 February 2013
