Ironshore Inc., a Bermuda-based insurance company founded in 2007, has revealed more information about a recent $300 million capital infusion. As previously reported new investor GTCR will contribute $200 million. We now also know that Wellington Management will invest $50 million, while return backer Calera Capital will invest the remaining $50 million. Ironshore was launched in late 2006 with a $1 billion capitalization, including $200 million in equity from Calera, Irving Place Capital, Corporate Partners, TowerBrook Capital Partners and Greenhill Capital Partners.
3 min read · 06 August 2009
Apax Partners has sold its remaining 14.2% stake in Germany's Dialog Semiconductor PLC (TWB: DLG), via a placement of approximately 6.54 million shares with institutional investors. Apax had originally acquired the company in 1998. Jefferies International Ltd. served as placement agent.
2 min read · 06 August 2009
1 min read · 06 August 2009
2 min read · 06 August 2009
2 min read · 06 August 2009
1 min read · 05 August 2009
1 min read · 05 August 2009
WestView Capital Partners has sold Radiac Abrasives to Austria's Tyrolit Schleifmittelwerke Swarovski KG, for an undisclosed amount. Radiac is a Salem, Ill.-based maker of bonded abrasives and superabrasive grinding wheels.
2 min read · 05 August 2009
MultiPlan Inc., a portfolio company of The Carlyle Group, has agreed to acquire Viant Inc., a portfolio company of Welsh Carson Anderson & Stowe. No financial terms were disclosed for the merger, which will create a single provider of medical cost management services.
3 min read · 05 August 2009
VenGrowth Asset Management has agreed completed the sale of its mutual fund business, Criterion Investments, to First Asset Capital Corp. No financial terms were disclosed. In an earlier statement, Vengrowth said the move would allow it to “dedicate itself fully to its private equity business.”
2 min read · 05 August 2009
