1 min read · 27 March 2009
KPS Capital Partners has completed its acquisition of certain assets of luxury tableware maker Waterford Wedgwood. No financial terms were disclosed for the deal, which included assets within Waterford Crystal, the pottery business Wedgwood and fine china maker Royal Doulton. Not included were either German porcelain maker Rosenthal or the company’s production facilities at its Waterford crystal plant in Ireland.KPS also announced that the company would be led by Pierre de Villemejane, former CEO of Speedline Technologies -- a KPS portfolio company sold to Illinois Tool Works.
4 min read · 27 March 2009
1 min read · 27 March 2009
Oak Investment Partners has agreed to buy up to $50 million worth of convertible preferred stock in Clarient Inc. (Nasdaq: CLRT), a provider of anatomic pathology and molecular testing services. The first $40 million is split up into two tranches, with Clarient receiving $29.1 million today. The final $10 million is dependent on mutual agreement of Oak and Clariant, which is using the PIPE to pay off debt.
6 min read · 27 March 2009
1 min read · 27 March 2009
Wendy Goldberg has joined Hearst Entertainment & Syndication as vice president of business development and strategy. Most recently, she was a senior advisor to The Pilot Group, the New York-based private equity firm run by Bob Pittman.
2 min read · 27 March 2009
3 min read · 27 March 2009
2 min read · 26 March 2009
Marlow Capital, a South African private equity firm, has led a buyout of South African waste management company Wasteman Group Ltd., from shareholders including Suez Environment. No financial terms were disclosed.
2 min read · 26 March 2009
Dan Rosenweig has been named president and CEO of RedOctane, the Activision Publishing Inc. (Nasdaq: ATVI) unit responsible for Guitar Hero and the upcoming DJ Hero. He is a former COO of Yahoo and, most recently, served as an operating principal with The Quadrangle Group.
3 min read · 26 March 2009
