Digital Chocolate Nets $12M
As earlier reported by peHUB.com, Digital Chocolate Inc., the social games developer, successfully completed its fundraising process. The company reeled in $12 million in a Series D that was led by Intel Capital and included BridgeScale Partners. Intel Capital represents a new investor in the gaming company, while BridgeScale participated in a previous round.
Platinum Equity’s Pomeroy IT Recaps
THL Credit Inc. participated in the recap of Pomeroy IT Solutions, a portfolio company belonging to Platinum Equity. Specifics on the transaction were not publicized. Platinum acquired the company in a 2009 take-private.
Tavistock Group Acquires The St. Regis Atlanta
The Orlando-based private equity firm Tavistock Group has bought the 151-room St. Regis Hotel property in Atlanta for an undisclosed price. Starwood Hotels & Resorts will continue to manage the property, which opened in April 2009 and was developed by the SR Hotel Development Co. LLLP. Tavistock Group also owns the Isleworth and Lake Nona Golf...
Aurora Capital Promotes a Handful
Aurora Capital Group, the California-based private equity firm, has promoted three individuals within it Aurora Resurgence Management Partners group. Joshua Phillips is now a partner and managing director; Peter Leibman is a principal, as is Ryan McCarthy.
Falfurrias Engages Harris Williams to Advise on Bojangles’
Advising on Bojangles’ shouldn’t be that difficult: order as much as you can, if you haven’t been to the champion chicken retailer of the South. Falfurrias Capital Partners, as peHUB.com reported earlier, will look to potentially sell its substantial minority stake in the business, it announced, with the help of Harris Williams. Under Falfurrias, Bojangles’...
Kaltura Scores $20 Million in New Funding
Kaltura, a New York-based open-source online video platform, has raised a $20 million round in financing led by new investors Nexus Venture Partners and Intel Capital, and existing investors .406 Ventures, Avalon Ventures, and Silicon Valley Bank. The company has raised $23.1 million since its 2006 founding.
PRESS RELEASE:
Kaltura, developer of the first and only open source...
Survey Shows U.S. Small Business Confidence Up for First Time Since Q3 2009
MerchantCircle, a Mountain View, Calif.-based online business directory, has issued its quarterly “Merchant Confidence Index” based on survey participants of more than 8,500 local business owners; the results follow below in the company’s release.
PRESS RELEASE:
MerchantCircle, the largest online network of local business owners in the nation, today issued, issued the results of its quarterly “Merchant Confidence Index...
Investment Bank Bluestone Capital Partners Opens for Bizness
Bluestone Capital Partners, a new investment bank, has opened in McLean, Va. The bank — launched by veteran bankers John Allen and Susan Gabay – will focus on middle-market companies in the aerospace, defense, and information technology industries.
PRESS RELEASE:
Bluestone Capital Partners, a new investment bank whose two principals have successfully advised business owners and executives on over...
Jo-Ann to Vote on Leonard Green Deal Feb. 16
Leonard Green & Partners is that much closer to taking Jo-Ann Stores private after the company acknowledged that it has not received any better offers. The vote is expected to be held for shareholders to agree on the transaction Feb. 16.
Intel Buys Silicon Hive
Intel Corp. has made a number of mobile investments and growth initiatives regarding its software development tools, as well as the acquisition of Silicon Hive. Intel Capital and Prime Ventures were each VC investors in Silicon Hive.
Carlyle, Zekelman Family, Strike JMC Steel Deal
The Carlyle Group will sell its majority stake in JMC Steel Group to the Zekelman family, which, until recently, controlled a minority stake. JMC will establish a new capital structure and debt facility and Carlyle will maintain a minority stake.
Annan Among Investcorp Euro Advisory Board Members
International private equity firm Investcorp has announced the members of its European Advisory Board. Among its members will be former Secretary General of the U.N. Kofi Annan and former Austrian chancellor Wolfgang Schüssel.
