Invesco and its WL Ross affiliate announced that they are prepared to commit $1 billion to the Public-Private Investment Program (PPIP).
3 min read · 27 April 2009
3 min read · 27 April 2009
John Harvey III has joined Proskauer Rose as a Boston-based partner, with a focus on the tax aspects of fund formations and investment transactions. He previously was director of hedge fund tax for Wellington Management Co. and, before that, was an associate with Proskauer.
3 min read · 27 April 2009
Heartland Dental Care Inc., an Effingham, Ill.-based chain of affiliated dental practices, acquired six dental practices in the first quarter. It also opened two new facilities, bringing its total number of practices to 238. Code Hennessey & Simmons acquired an undisclosed stake in Heartland Dental last summer.
2 min read · 27 April 2009
NewPage Group Inc., a coated paper manufacturer owned by Cerberus Capital Management, has retained Sanabe & Associates to help sell the company’s facility in Kimberley, Wisconsin. Earlier this year, NewPage used Sanabe to sell its Little Quinnesec hydroelectric facility in Niagara, Wisc., to a portfolio company of Investors Funds and Northbrook Energy LLC.
2 min read · 27 April 2009
Power-One Inc. (Nasdaq: PWER), a Camarillo, Calif.–based provider of power conversion and power management solutions, has raised $60 million in PIPE financing from Silver Lake Sumeru. The deal includes $23.6 million in convertible preferred stock, $36.4 million in senior convertible notes due 2019 and 8.7 million warrants for Power-One common stock.
5 min read · 27 April 2009
James Hooke has been named CEO of Macquarie Infrastructure Management, after having served as a New York-based managing director in Macquarie's capital funds division since 2007. He succeeds Peter Stokes, who is returning to Australia.
4 min read · 27 April 2009
Performance Designed Products LLC, a maker of video game accessories, has sued Dreamgear LLC for patent infringement and trade dress infringement. PDP is a portfolio company of Patriarch Partners. The complaint is not yet available via the PACER system, but we'll post it once it's there.
2 min read · 27 April 2009
David Bain and Michael Wilkins have joined M&A advisory Sagent Advisors as managing directors, in the firm's telecom, tech and media practice. They previously were with Wachovia Securities. Bain oversaw Wachovia's tech M&A practice, while Wilkins ran Wachovia's Internet, digital media and Internet infrastructure I-banking group. Also joining Sagent as an associate is Trent Read.
4 min read · 27 April 2009
2 min read · 27 April 2009
