Biofuels Capital Partners has abandoned its inaugural fund-raising drive, according to PE Week. The San Francisco-based private equity firm was planning to “bridge the gap between early-stage cleantech venture capitalists and expansion stage project financiers in the biofuels market,” and had secured around half of its $250 million target. Firm founder Bob Johnsen is now listed as CEO of Promethegen Corp. Read more (sub req.)
1 min read · 14 October 2008
Accel-KKR has acquired a majority stake in The Endurance International Group Inc., a Burlington, Mass.–based provider of website hosting and online applications and services. No financial terms were disclosed.
3 min read · 14 October 2008
TSG Consumer Partners has completed its sale of Meguiar’s Inc. to 3M for an undisclosed amount. Meguiar’s is an Irvine, Calif.–based provider of car-care products like waxes and polishes.
2 min read · 14 October 2008
The Riverside Co. has acquired Coeur Inc., a Lebanon, Tenn.-based maker of single-use disposable products for use in diagnostic imaging procedures and other medical applications, from Hammond, Kennedy, Whitney & Company. No pricing terms were disclosed for the deal, which included senior debt from US Bank and mezzanine debt from Babson Capital. Harris Williams & Co. advised Coeur on the sale.
3 min read · 14 October 2008
2 min read · 14 October 2008
2 min read · 14 October 2008
Riverside Partners has acquired both Solar Works Inc. and SolarWrights Inc., and merged them into what it claims is the largest solar energy integrator in the Northeastern U.S. No financial terms were disclosed.
4 min read · 14 October 2008
1 min read · 14 October 2008
Istithmar World Capital, the investment arm of Dubai World, is opening an office in New York. It is the firm’s first office in the Americas, and will be headed by Felix Herlihy and John Amato.
3 min read · 14 October 2008
Reddington Gulf, a distributor and service provider of IT and telecom products in the Middle East and Africa, has raised $98 million in private equity funding from Investcorp, in exchange for a minority ownership stake.
5 min read · 14 October 2008
