Emerging Capital Partners has acquired a “significant minority stake” in la Nouvelle Societe Interafricaine d'Assurance Participations SA, a Cote d'Ivoire-based insurance group in French-speaking Western and Central Africa. The deal is valued a $47.7 million.
3 min read · 06 April 2009
Atlantic Street Capital has acquired EZE Trucking, a Los Angeles-based provider of specialty logistics services for the infrastructure market. No pricing terms were disclosed for the deal, which included senior debt from PNC Bank and subordinated notes from Prism Mezzanine Fund.
3 min read · 06 April 2009
Vista Equity Partners has offered to acquire Sumtotal Systems Inc. (Nasdaq: SUMT), a Mountain View, Calif.-based provider of enterprise learning and performance management systems. Under terms of the offer, Sumtotal stockholders would receive $3.25 per share (62% premium to Friday’s closing price), which values the outstanding equity at approximately $103 million. Vista currently holds around a 13% stake in Sumtotal, and plans to nominate a slate of three directors to the company’s board, at an annual meeting on June 12.
10 min read · 06 April 2009
EA Global Holdings Ltd., a Malaysian IT outsourcing company, has raised $4 million from Aureos Capital. It is Aureos’ first investment in Malaysia.
2 min read · 06 April 2009
4 min read · 06 April 2009
1 min read · 06 April 2009
1 min read · 06 April 2009
2 min read · 05 April 2009
2 min read · 05 April 2009
1 min read · 05 April 2009
