Salesforce.com, the listed, California-based provider of enterprise cloud computing and customer and collaboration relationship management (CRM) applications, spent $31 million to acquire Dimdim, according to an announcement at the company’s Web site. According to the deal announcement, the deal will extend Salesforce.com’s Chatter collaboration platform with critical real-time communication technologies. Dimdim’s VC investors include Index Ventures and Nexus Venture Partners.
1 min read · 07 January 2011
Blue Harbour Group, the Connecticut-based private investment firm that takes stakes in listed entities, appointed Jose Claxton and Joseph Haslip to manage what it called “growing institutional investor interest” in its active ownership investment strategy division. Claxton will serve as a managing director in capital strategies and client relations; Haslip will be a managing director of public plan relations.
2 min read · 07 January 2011
3 min read · 06 January 2011
3 min read · 06 January 2011
CI Capital Partners, the New York private equity firm, will acquire a controlling stake in Tech Air, the distributor of industrial, specialty and medical gases. CI Capital is making the buy from its CI Capital Investors II, L.P. fund. Specifics of the deal were not publicized. CI Capital’s legal counsel is Paul, Weiss, Rifkind, Wharton & Garrison LLP. Tech Air was represented by Boylan, Brown, Code, Vigdor & Wilson, LLP.
3 min read · 06 January 2011
Transilwrap Co., the Illinois-based asset of Nicolet Capital Partners, the Chicago private equity firm, is acquiring South Carolina-based Interfilm Holdings. Sperry, Mitchell & Company, Inc. served as advisor to the target.
2 min read · 06 January 2011
Brynwood Partners’ fifth fund sold its Metro Door investment to an undisclosed NYSE-listed provider of specialized business services. Terms of the transaction were not publicized, either. Robert W. Baird & Company was financial advisor to Metro Door. Last year, Brynwood Partners closed its Fund VI with $305 million of committed capital.
2 min read · 06 January 2011
DesignLine Corp., the maker of hybrid and electric mass transit vehicles, has secured financing from Guggenheim Venture Partners, which doubled its investment in the bus development company, as well as Orix Venture Finance, which provided a new debt facility. Darren Wallis and Jeff Bede worked on the deal for Guggenheim Venture Partners and Orix, respectively.
3 min read · 05 January 2011
International private equity firm Riverside Co. acquired DISA Inc., a provider of employee screening services for safety-sensitive industries. Specifics on the transaction were not publicized. Fifth Street Finance Corp provided senior financing; Jones Day and Deloitte provided Riverside with legal counsel and accounting support, respectively. Houlihan Lokey acted as financial advisor to the target.
2 min read · 05 January 2011
Florida-based Sun Capital Partners’ asset Kellwood Company struck another deal Wednesday, buying Rebecca Taylor, a women’s sportswear brand. Terms of the deal were not publicized. Other Kellwood brands include Vince, ADAM, Baby Phat, Phat Farm, Sag Harbor, Briggs NY, Jolt, and My Michelle and licensed brands XOXO and David Meister.
4 min read · 05 January 2011
