Morgan Stanley is in late stage talks to sell its stake in China International Capital Corp to Kohlberg Kravis Roberts & Co and TPG Capital for more than $1 billion, according to three sources familiar with the situation. Morgan Stanley has been exploring a sale of its 34.3 percent stake in CICC, one of China's leading investment banks. The bank paid just $37 million for its piece of CICC when the Chinese bank was founded 13 years ago.
1 min read · 23 February 2010
4 min read · 23 February 2010
3 min read · 23 February 2010
Nasdaq-listed AMICAS, Inc. an image and information management solutions company, responded Merge Healthcare Inc.'s acquisition proposal. AMICAS Board of Directors has considered and publicly rejected Merge's acquisition proposal, and the company restated its support its previously agreed-upon deal to sell to Thoma Bravo for $217 million.
6 min read · 23 February 2010
Adura Technologies, a provider of wireless lighting control and energy management, today announced $12 million in new funding. NGEN Partners led the round, which includes return investors VantagePoint Venture Partners and Claremont Creek Ventures.
4 min read · 23 February 2010
RedPrairie Holding, Inc., a logistics consultancy company based in Milwaukee, has agreed to be acquired by New Mountain Capital, L.L.C., a New York-based private equity firm, for an undisclosed amount. The company, owned by Francisco Partners, filed for a $172.5 million IPO in November 2009. The company had approximately $194 million in revenue for the first nine months of 2009, and net income of $12.45 million. Francisco Partners acquired RedPrairie in 2005, and currently holds an 89.7% equity position.
3 min read · 23 February 2010
2 min read · 23 February 2010
Seahorse Bioscience, Inc., a Billerica, Mass.-based medical instrument company, closed a $5 million round of financing. Investors in the Series D round included Commonwealth Capital Ventures, FLIR Systems Inc, Rock Maple Ventures, Life Sciences Partners, Oxford Bioscience Partners, Healthcare Ventures, New Science Ventures and HLM Venture Partners.
3 min read · 23 February 2010
Bahrain-based Islamic investment house Arcapita posted a $159 million second-quarter loss due to a slump in income from placement fees and lower asset valuations after property markets plunged.
1 min read · 23 February 2010
Indian financial services group Religare Enterprises Ltd (RELG.BO) agreed to take a controlling stake in private equity firm Northgate Capital, as part of a $1 billion plan to build a global asset management business. Northgate, with $3 billion under management, is Religare's first U.S. deal and the Indian company is hoping to end the year with at least $60 billion to $65 billion of assets under management through further acquisitions, Religare Enterprises Chief Operating Officer Shachindra Nath told Reuters.
2 min read · 23 February 2010
