IDG Ventures backed Wondershare Software with a second round of financing to fuel the company’s ongoing growth in the software marketplace. Specifics of the investment were not publicized. Headquartered in Shenzhen, China, Wondershare has branch offices in the USA, Germany and Japan.
2 min read · 07 July 2011
Listed, California-based online retailer eBay has acquired Zong, the mobile carrier billing firm, for about $240 million, the company announced early Thursday. Zong is based in Menlo Park with offices in Geneva, Paris and Dusseldorf, and is backed by Matrix Partners, Advent Venture Partners and Newbury Ventures.
5 min read · 07 July 2011
Lexington Partners, the largest dedicated secondary private equity manager, closed its seventh fund at $7 billion, the investor revealed. LCP VII has been formed with commitments from over 200 institutional investors, including public and corporate pension funds, sovereign wealth funds, financial institutions, endowments, foundations, and family offices.
3 min read · 06 July 2011
Sun Capital Partners, the Boca Raton, Fla.-based private equity firm, has agreed to acquire the assets of Contessa Premium Foods through a 363 bankruptcy sale, which was approved in the U.S. Bankruptcy Court for the Central District of California. Contessa Premium Foods is based in San Pedro, Calif., and since 1984 has made a variety of frozen meals.
3 min read · 06 July 2011
Chicago-based middle market private equity firm Wind Point Partners acquired Rupari Foods, maker of pre-cooked and ready to eat ribs sold at retailers and through Tony Roma’s and Butcher’s Prime brands. Wind Point acquired Rupari in partnership with former Sara Lee Foods CEO Bob Kopriva and John Rice, who will serve as active co-chairmen, and Rupari’s CEO Robert Mintz. Paul Peitzsch will join as CFO. Specifics on the transaction were not publicized. Senior debt for the transaction was provided by GE Antares, a unit of GE Capital, Fifth Third Bank’s Food & Agribusiness Group and SunTrust Robinson Humphrey. DLA Piper LLP acted as the legal advisor to Wind Point. Greenberg Traurig, LLP served as legal advisor to Rupari Foods.
3 min read · 06 July 2011
Cloud computing firm CloudShare completed a third round of funding at $10 million, from investors that included Sequoia Capital, Globespan Capital, Charles River Ventures and Gemini Israel Funds. The funding brings to $26 million the San Mateo, Calif.-based company’s funding.
3 min read · 06 July 2011
Weil, Gotshal & Manges LLP will add Rodney L. Moore to its ranks as a partner as it looks to expand midstream and upstream energy deal-making capabilities of its PE practice. Moore comes from Vinson & Elkins LLP and will work in Weil’s Houston and Dallas offices.
3 min read · 05 July 2011
Piazza, the online Q&A platform shared by students and instructors, will take $1.5 million in seed funding from investors including Sequoia Capital, Felicis Ventures, Kapor Capital and SV Angel. Partners on the deal include, from Felicis, Aydin Senkut, and from Sequoia, Bryan Schreier.
3 min read · 05 July 2011
3 min read · 05 July 2011
Listed, Georgia-based blood transfusion systems developer Immucor agreed to a deal just south of $2 billion with private equity firm TPG Capital, and earned itself a go-shop clause until August 15, 2011 to get itself a better deal. Goldman, Sachs & Co. acted as financial advisor to Immucor, Inc. and King & Spalding LLP acted as the Company's legal advisor. Ropes & Gray LLP acted as legal advisor to TPG Capital. Citi and J.P. Morgan Securities LLC acted as financial advisors and provided fully committed financing to TPG Capital.
5 min read · 05 July 2011
