Private Equity
River Associates Investments has acquired a controlling stake in Rose City Printing & Packaging via a recap. Rose City's management increased their ownership in the company. Financial terms were not announced. Vancouver, Wash.-based Rose City is a folding carton manufacturer. D.A. Davidson & Co. served as financial advisor to Rose City.
3 min read · 12 December 2012
Northern Trust said Wednesday that David Sullivan was named insurance practice leader for the Americas. He will replace Sheldon Woldt who was named earlier this year as head of the Middle East for Northern Trust. Sullivan will also continue as head of private equity administration in the Americas, Northern Trust said.
3 min read · 12 December 2012
ABS Capital Partners has led a $55 million equity investment in Accurate Group Holdings. Evolution Capital Partners is the seller and has exited Accurate Group. Charlotte, N.C.-based Accurate is an outsourced provider of real estate transaction services to mortgage lending and loan servicing clients.
2 min read · 12 December 2012
Palico, an online private equity fund marketplace, has signed up its 750th member. Palico, which has offices in Paris, New York and London, was co-founded by Antoine Dréan, who is also the founder of Triago, the global placement agent.
2 min read · 12 December 2012
Today we have news that Guatemala has deported John McAfee, Benchmark is leading a funding round for SnapChat and Marc Andreessen thinks we're in a tech depression.
1 min read · 12 December 2012
MedEquity Capital has acquired LiceGuard. Financial terms were not announced. Needham, Mass.-based LiceGuard markets branded products that eliminate juvenile head lice. Murphy Business & Financial Corp. advised LiceGuard.
2 min read · 12 December 2012
Investcorp has failed to find a buyer for SourceMedia and the auction is busted, four sources tell peHUB. The process was expected to draw bids of 5x to 6x EBITDA but proposals came in at less than 5x, one PE executive says.
2 min read · 12 December 2012
To end your Tuesday, we have news that David Lee is leaving Silicon Valley, don't expect a fiscal cliff deal by Xmas and Sprint is near buying the rest of Clearwire it doesn't already own.
1 min read · 11 December 2012
Rochelle Behrens founded The Shirt in 2010 to fix a gaping fashion issue for women. The company, which is cash flow positive, is looking for $1 million in angel funding.
2 min read · 11 December 2012
Some hoped that December would bring a jump in M&A but so far that hasn't turned out. The value of U.S. M&A dropped 21% this week, while PE-backed mergers plunged 69%.
3 min read · 07 December 2012
