TAS Energy, the Houston-based provider of renewable and energy products, took a late stage financing from California VC Kleiner Perkins Caufield and Byers. Specifics of the deal were not publicized, but KPCB partner John Denniston will jump on board with TAS Energy.
2 min read · 01 July 2011
SAP Ventures and private equity firm Sterling Partners teamed to invest $14 million in SAVO Group, the Chicago-based cloud-based sales enablement technology and consulting solutions company. SAVO Group, which counts Sterling among its investors, will see SAP Ventures’ managing director Doug Higgins will join its’ board of directors.
4 min read · 01 July 2011
Baird Capital Partners, the buyout fund of Baird Private Equity, just bought Justrite Manufacturing Company, a maker of safety products for the handling and storage of flammable and hazardous liquids. Financing for the transaction is being provided by US Bank, Madison Capital and Thrivent Financial for Lutherans. BCP is joined in the investment by JZ Capital Partners and management. The terms of the deal were not disclosed.
3 min read · 01 July 2011
(Reuters) - Bankrupt bookstore chain Borders Group Inc (BGPIQ.PK) said it chose a media products firm owned by Najafi Companies as the "stalking horse" bidder for its assets, after an offer worth $215.1 million.
1 min read · 01 July 2011
Centerview Partners poached a pair of Miller Buckfire & Co. veterans, bringing Sam Greene and Mark Puntus on board to work on its restructuring advisory practice that it just launched. Greene was one of the original members of Wasserstein Perella & Co.’s restructuring group, which he joined in 1997; Puntus has experience working with Dresdner Kleinwort Wasserstein and Weil, Gotshal & Manges LLP.
3 min read · 01 July 2011
Reuters reported that Blackboard, the Washington, D.C.-based education software maker, is nearing a deal to be acquired by Providence Equity Partners. Specifics on the transaction were not revealed, but a consortium of debt providers would include BAML, Morgan Stanley, and Deutsche Bank.
2 min read · 01 July 2011
Marc Andreessen, general partner of VC firm Andreessen Horowitz, announced on the company’s blog that Jeff Jordan will join its ranks as a fifth partner. Jordan will go right to Andreessen’s latest investment, to serve on the board of LikeALittle, in which the VC just put $5 million. Jordan formerly served as CEO and remains chairman of OpenTable.
2 min read · 01 July 2011
CitiGroup is in exclusive talks to sell its OneMain consumer lending unit, previously known as CitiFinancial, to a consortium of private investors including Centerbridge Capital Partners and Leucadia National Corp., according to a report in the Wall St. Journal.
1 min read · 01 July 2011
5 min read · 01 July 2011
3 min read · 30 June 2011
