Private Equity
Lattice Engines said Monday it has raised $20 million in Series C funding led by New Enterprise Associates. Sequoia Capital, an existing investor, also participated. San Mateo, Calif.-based Lattice Engines provides cloud-based Big Data applications for sales and marketing.
4 min read · 26 November 2012
Littlejohn & Co. has agreed to sell Synchronous Aerospace Group to Precision Castparts Corp. Financial terms weren't announced. Santa Ana, Calif.-based Synchronous supplies complex assemblies and precision components for the commercial aerospace and defense markets. Lazard advised Synchronous.
3 min read · 26 November 2012
To cap off your Black Friday, we have MSFT's copy cat glasses, Autonomy's former boss says H-P's claims don't add up, and Lacquerous provides netflix-like service for nail polish.
1 min read · 23 November 2012
KKR is buying Alliant Insurance Services from the Blackstone Group. Financial terms weren't announced. Alliant's management and employees own about 45% of the company and are rolling over a "substantial portion," a statement says. Alliant is a specialty insurance brokerage firm. The deal is expected to close in fourth quarter. JP Morgan Chase and Blackstone Advisory Partners acted as financial advisors to Blackstone.
3 min read · 23 November 2012
The U.S. Bankruptcy Court for the Southern District of New York approved Wednesday an emergency interim motion from Hostess Brands to wind down its business and liquidate assets. Hostess and the Bakery, Confectionary, Tobacco and Grain Millers Union were unable to reach an agreement in a mediation meeting held on Tuesday. The Hostess wind down, in which 33 bakeries are closed and 18,500 jobs lost, is expected to take one year. Perella Weinberg is providing financial advice to Hostess.
3 min read · 21 November 2012
To help you celebrate Thanksgiving, the FBI is looking at H-P's buy of Autonomy, NASA is mum about its big Mars discovery and it's really hard being an insufferable food writer on Turkey Day.
1 min read · 21 November 2012
Facebook Inc board member Marc Andreessen sold roughly $54 million worth of shares in the social networking company on Monday to cover taxes he owes on his holdings, Reuters reported. Andreessen's sales are among the latest transactions by Facebook insiders as trading restrictions have expired following the company's May initial public offering.
2 min read · 21 November 2012
Michael Deleray has joined Broadhaven Capital Partners as a partner. Deleray was previously a founder of Bendigo Partners, a private investment and consulting firm. Broadhaven Capital is an IB and growth equity investor focused on the financial services sector.
2 min read · 21 November 2012
The Blackstone Group said Monday that it has closed its more than $2 billion buy of Vivint. Provo, Utah-based Vivint provides home technology and automation services. The investment came from Blackstone Capital Partners VI L.P, which raised $16 billion earlier this year.
2 min read · 21 November 2012
NextMedia Group said late Tuesday that it has sold NextMedia Outdoor, its outdoor advertising unit, to Lamar Advertising Co. for $145 million. Englewood, Colo.-based NextMedia, which is backed by Strategic Value Partners and Angelo, Gordon & Co., operates 33 stations across eight markets in the U.S. With the sale of Outdoor, NextMedia says it will focus on the radio broadcasting business.
3 min read · 21 November 2012
