CIT Provides Financing to John Varvatos Enterprises
Publicly traded financial lender CIT Group is providing a senior secured asset-based credit facility to retailer John Varvatos Enterprises in conjunction with the company’s acquisition by private equity firm Lion Capital. PRESS RELEASE: CIT Group Inc. (NYSE: CIT – News) cit.com, a leading provider of financing to small businesses and middle market companies, today announced...
Appleton Papers Merges with Hicks Acquisition in $675 Million Deal
Century-old specialty paper maker Appleton Papers, based in Appleton, Wisconsin, will combine with Hicks Acquisition Company of Dallas, a special purpose acquisition company founded and headed by Thomas Hicks, to create a combined company on the Nasdaq. The companies are not disclosing how much of a stake in Appleton Hicks is getting for its investment...
Comverge Completes Sale to H.I.G. Capital
Affiliates of the private equity firm H.I.G. Capital have acquired Comverge, an energy management company, for $1.75 per share in cash in a roughly $49 million buyout. Comverge is based in Norcross, Georgia. PRESS RELEASE: Comverge, Inc. (“Comverge”) and H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm, today announced that they have...
Piramal Healthcare to Acquire Decision Resources Group for $635M
Piramal Healthcare, a Mumbai-based pharmaceuticals company, has agreed to acquire the Burlington, Mass.-based healthcare data provider Decision Resources Group from Providence Equity Partners for approximately $635 million. PRESS RELEASE: Piramal Healthcare Limited, an innovation led company, has agreed to acquire Decision Resources Group a US based company in the healthcare information segment, from Providence Equity...
Pearson, Acquires Certiport for $140M in Cash
Pearson, the London-based learning company, is today announcing the acquisition of Certiport from Spire Capital Partners for $140 million in cash. Founded in 1997 in Utah, Certiport develops, markets and distributes certification exams and practice tests of IT and digital literacy skills PRESS RELEASE: Pearson, the world’s leading learning company, is today announcing the acquisition of...
Alternative Fuel Company JBI Raises $10M
JBI, a Niagara Falls-based fuel company that transforms unsorted, unwashed waste plastic into clean, low sulphur fuel, is raising $10 million of equity capital via a private placement of unregistered securities at $0.80 per share. The investment group consists of unnamed “prominent private equity investors, venture capitalists, investment bankers and accomplished corporate executives.” PRESS RELEASE: JBI,...
SilkRoad Raises $35M Series C
SilkRoad, a Chicago-based company focused on online human resources and “social talent management,” has raised a $35 million Series C financing round. Investors in the round include new investors Keating Capital and NTT Finance. Existing investors including Intel Capital, Crosslink Capital, Foundation Capital, Azure Capital and Tenaya Capital also joined in the round. Since 2003,...
Berlin Packaging, Backed by Investcorp, Acquires Lerman Container
Berlin Packaging, a Chicago-based container and closures supplier has acquired Lerman Container of Naugatuck, Conn., for an undisclosed amount. Berlin Packaging, which is majority owned by Investcorp, an alternative investment management firm. Lerman marks the company’s third strategic acquisition since 2010, when it acquired Pittsburgh-based All-Pak and Chicago-based Continental Packaging Solutions. PRESS RELEASE: Berlin Packaging, a leading...
Bangalore-Based Jed-i Raises Funding from Accel
Bangalore-based engineering design and innovation firm, Jed-i, has raised an undisclosed funding from Accel Partners. PRESS RELEASE: Bangalore, Karnataka, India, Monday, May 14, 2012 — (Business Wire India) Jed-i, dedicated to the creation of gifted engineers, announced that it has raised investment from Accel Partners. Jed-i is pioneering conceptual engineering delivered through the flipped class...
Cameco to Buy Nuclear Fuel Broker Nukem Energy
Cameco, Canada’s top uranium miner, will pay $136 million to buy nuclear fuel broker Nukem Energy GmbH from private equity firm Advent International. Cameco is based in Saskatoon, Saskatchewan. PRESS RELEASE: Cameco (TSX:CCO) (NYSE:CCJ) announced today it has signed an agreement with Advent International to purchase NUKEM Energy GmbH (NUKEM), one of the world’s leading...
peHUB Second Opinion 5.14
Why Mark Zuckerberg isn't ringing any bells, Groupon's revenue tops forecasts, and when *looking* alike isn't enough to satisfy parents.
