4 min read · 05 July 2011
Private equity firm Advent International is in exclusive talks to acquire HgCapital’s Mondo Minerals B.V., the company revealed. Specifics on the transaction were not publicized. Guillaume Darbon, a managing director with Advent, and Michael Ogrinz, are working on the deal. Advent was advised by HSBC (M&A), Allen & Overy (Legal), KPMG (Financial and Tax Diligence), BCG (Market Diligence), ERM (Environment) Creative Value / Olivier Quenardel (Industry Advisors). Senior acquisition debt is being arranged by BNP Paribas (acting through Fortis Bank SA.NV), IKB Deutsche Industriebank AG and RBC Capital Markets, and mezzanine acquisition debt by Ares Capital Europe Limited.
4 min read · 05 July 2011
(Reuters): TPG Capital has hired one of Bain Capital's Chinese dealmakers as competition for deals -- and the players who source them -- heats up in China's booming private equity market, sources familiar with the matter said on Tuesday. Jingsheng Huang, a Shanghai-based managing director who had been with Bain since 2005, will start in his new role in late August, said one of the sources, who declined to be named because the matter was not yet public.
2 min read · 05 July 2011
Vision Capital will acquire a portfolio of investments from Banco Popolare, including Bormioli Rocco, a glass and plastic packaging manufacturer. Vision Capital’s VCP VII Luxco secured a €260 million bridge loan as part of the transaction; Vision Capital was represented by Ropes & Gray in the closing of the acquisition and the loan.
3 min read · 05 July 2011
Amazon will tuck in a global book delivery retailer as the online shopping site just keeps on growing. It will acquire Luxembourg-based The Book Depository, an online seller of books. The company was founded in 2004 by Andrew Crawford.
3 min read · 05 July 2011
LightSquared, the Virginia-based wireless broadband and satellite network, has raised $265 million to use funds for general corporate purposes, including the construction of its 4G-LTE wholesale network. Over the past 12 months, the company has raised $2.3 billion. Prior investors in LightSquared include Harbinger Capital Partners and Spectrum Assets.
2 min read · 05 July 2011
Alven Capital, the VC based in Paris, France, will invest $1.8 million in Lengow, a SaaS provider to online retailers. Lengow was founded in July 2009 and counts Kima Ventures among its other investors. Funds will be used for R&D and for international expansion to the U.S., according to a statement released by the companies.
3 min read · 05 July 2011
Investors 3i and Pragma Capital have teamed to take a minority stake in Loxam Holdings, a European equipment rental company. The €60 million deal will provide the private investors a minority stake in Loxam, which has annual revenue of about €700 million, according to a statement issued by the companies. Other specifics of the deal were not publicized. 3i’s Denis Ribon worked on the deal for the private equity firm.
2 min read · 05 July 2011
GSR Ventures, the early-stage venture capital fund, has closed a new $350 million fund to invest in China. The firm’s fourth fund under management, the most recent vehicle brings past $1.0 billion GSR’s assets under management. LPs in GSR’s fund include Horsley Bridge Partners; the VC primarily pursues early-stage technology investments.
3 min read · 05 July 2011
Sorbent Therapeutics, the California-based biopharmaceutical company, took $36 million from a group of VCs, the company announced. Investors include Novartis Venture Funds, which led the financing, joining existing investors Sofinnova Ventures, ARCH Venture Partners, CMEA Capital and AgeChem. The deal brings Sorbent’s total funding to $53 million.
3 min read · 01 July 2011
