ANSYS Inc., the listed, Pennsylvania-based engineering simulation software developer, will acquire San Jose, Calif.-based Apache Design Solutions Inc. for $310 million. In connection with the transaction, Deutsche Bank Securities Inc. is acting as exclusive financial advisor to Apache, and O'Melveny & Myers LLP (Menlo Park office) is acting as legal counsel. BofA Merrill Lynch is acting as ANSYS' financial advisor and ANSYS retained Goodwin Procter LLP as its legal advisor.
4 min read · 30 June 2011
Graymatics, the stealth-mode, California-based company that is developing cloud platforms for content-based analysis of video and other digital media, accepted an investment from the Citrix Startup Accelerator, which is Citrix Systems’, the listed, Florida-based IT services developer, seed investment initiative launched in late 2010. Specifics of the deal were not publicized.
4 min read · 30 June 2011
Platinum Equity, the Los Angeles-based private equity firm, struck a deal to provide debt funding and additional equity to Elcoteq. Specifics on the transaction were not publicized. Elcoteq and Platinum are also negotiating about further debt financing amounting to up to 80 million euros. Elcoteq's electronic manufacturing segment provides engineering, manufacturing and demand & supply services.
3 min read · 30 June 2011
Gizmox, the developer of web, cloud and mobile delivery platform products, received a strategic investment from Citrix Systems, the listed, Florida-based IT services developer. Specifics on the deal were not publicized.
3 min read · 30 June 2011
Camden Partners, the Baltimore, Md.-based private equity firm, announced Thursday its managing member Christopher Kersey will join the Johns Hopkins Medicine International Board as Chairman. Johns Hopkins Medicine International is the global development arm of Johns Hopkins Medicine.
2 min read · 30 June 2011
GAMEVIL, the mobile game publisher and developer, will invest $10 million creating a number of partnerships with external developers in coming months, the company announced. The decision comes as online gaming has increasingly become popular with gamers and VCs alike, with companies including Digital Chocolate and Zynga raising capital.
3 min read · 29 June 2011
Encore Consumer Capital, the San Francisco-based private equity firm, will sell its Aidells Sausage Co., a maker of sausage and meatball products, to Sara Lee Corp. for $87 million. Houlihan Lokey acted as financial advisor for Aidells and Latham & Watkins LLP acted as legal counsel.
3 min read · 29 June 2011
Neul, the UK-based company offering products and services for the emerging TV white space spectrum, has raised nearly $13 million from a group of investors. Firms investing in Neul include European venture capital firm DFJ Esprit, IQ Capital and Cambridge Angels.
3 min read · 29 June 2011
Classteacher Learning Systems, and Mind Shaper Technologies, the parent of the educational materials company, have received $15 million from Fidelity Growth Partners India in exchange for what was described as “a significant minority stake.” Kabir Narang and Raul Rai with FIL Capital Advisors (India), the private equity advisory arm for FGPI will join the board of the company. Other specifics of the transaction were not publicized.
3 min read · 27 June 2011
(Reuters) - Philadelphia-based women's clothing retailer Deb Shops Inc filed for bankruptcy protection in a Delaware court on Sunday as part of a financial restructuring that involves selling the company to a group of senior lenders. Abelco Finance provided a stalking horse bid; Lee Equity will also receive a stake in the company going forward.
2 min read · 27 June 2011
