One Equity Partners’ Vacuumschmelze was dealt to strategic acquirer OM Group, the listed chemicals company, in a deal that completed earlier this week. The dealfor the materials and magnetics company was for 700 million Euros, including $50 million in common stock. The syndication, led by BofA Merrill Lynch, PNC Capital Markets LLC and BNP Paribas, was oversubscribed.
4 min read · 04 August 2011
Jorge Mora will join Macquarie Group, where he will act as senior managing director and as head of U.S. financial sponsors for the company in New York. Mora has 18 years of experience and most recently served as head of financial sponsors with Lazard.
3 min read · 03 August 2011
David Booth will take over leadership of BackOffice Associates LLC, the data governance and migration solutions firm, as President and CEO. The company, founded by Tom and Trish Kennedy, accepted a growth equity investment from GS Capital Partners in May 2011.
3 min read · 03 August 2011
JanRain, the provider of social identity management solutions for businesses, collected $15.5 million from investors including Anthem Venture Partners, DFJ Frontier, RPM Ventures, Tim Draper, and founder Larry Drebes with participation from Square 1 Bank. Emergence Capital Partners led the funding round. The company counts MTV, Tribune Co. and Dr. Pepper Snapple Group among its clients.
4 min read · 03 August 2011
ValueClick will acquire Dotomi, the Chicago-based display media company, in a $295 million deal. Jefferies & Company, Inc. acted as exclusive financial advisor to Dotomi on this transaction. Dotomi was founded in 2003.
5 min read · 03 August 2011
Tonka Bay Equity Partners, the Minnesota-based private equity firm, is selling The Resort Company, a vacation property rental company in Colorado, to Wyndham Vacation Rentals, part of the listed Wyndham Worldwide Co. Tonka Bay recapped the company in Sept. 2007.
2 min read · 02 August 2011
Hooters Casino Hotel will seek financial restructuring through a Chapter 11 bankruptcy petition, the company revealed. The company is not affiliated to Hooters of America, which is majority-owned by HIG Capital, peHUB reported.
3 min read · 02 August 2011
Private equity firm MidOcean Partners will acquire the South Beach Diet Brand partnership with its founder, Dr. Arthur Agatston. Specifics of the deal were not publicized. Under PE management, South Beach will launch a series of new products. South Beach Diet will be headquartered in Bonita Springs, Florida.
3 min read · 01 August 2011
Google will acquire The Dealmap, a little over a year after the company launched. Specifics of the deal were not publicized. Dealmap is a comparison shopping a daily deals network. Google did not publicize any specific plans for the deal.
2 min read · 01 August 2011
Twitter confirmed on its company blog Monday that the company has taken another round of investment capital. The company did not specify all of its investors, a valuation or an overall price, but it did say "venture firm DST Global" led the round.
2 min read · 01 August 2011
