XCOR Aerospace Completes $5 Mln Funding
XCOR Aerospace said it closed $5 million in funding. Investors include Esther Dyson, Pete Ricketts (co-owner of the Chicago Cubs) and several top Silicon Valley entrepreneurs and former venture capitalists. Mojave, Calif.-based XCOR Aerospace develops and produces reusable rocket powered vehicles, propulsion systems, advanced non-flammable composites and other enabling technologies. PRESS RELEASE XCOR Aerospace announced...
Clear Channel to Offer $1.25 Bln In Notes Via Private Offering
Clear Channel Outdoor Holdings said late Monday that its indirect wholly-owned subsidiary, Clear Channel Worldwide Holdings is selling about $1.25 billion in notes via a private offering. Clear Channel Worldwide plans to loan proceeds of the nets to another unit, Clear Channel Outdoor (CCOI), which will make a special cash dividend to Clear Channel Outdoor...
Ruckus Wireless Closes $21.7 mln Financing
Ruckus Wireless said Monday that it has secured $21.7 million in financing, bringing total investment to $72.7 million. The recent financing was led by Meritech Capital Partners and SingTel Innov8, a wholly owned subsidiary of the SingTel group. Ruckus Wireless markets and makesindoor and outdoor “Smart Wi-Fi” products for mobile operators, broadband service providers, and...
Fornell Joins Well Fargo Securities
Eric Fornell has joined Wells Fargo Securities, part of Wells Fargo & Co., as Vice Chairman in the energy and power sector of its Investment Banking and Capital Markets division. He is based in New York and reports jointly to Rob Engel and Jonathan Weiss, co-heads of Investment Banking and Capital Markets. Most recently, Fornell...
Apollo Global-led Group Inks $7.15 Bln Deal for El Paso Production Business
A group of investors led by Apollo Global Management has agreed to buy El Paso Corp.’s oil and gas exploration and production assets for about $7.15 billion. The deal is subject to the completion of the merger between Kinder Morgan and El Paso Corp., as well as other customary closing conditions. Other investors include Riverstone...
Apollo Global-led Group Inks $7.15 Bln Deal for El Paso Production Business
A group of investors led by Apollo Global Management has agreed to buy El Paso Corp.’s oil and gas exploration and production assets for about $7.15 billion. The deal is subject to the completion of the merger between Kinder Morgan and El Paso Corp., as well as other customary closing conditions. Other investors include Riverstone...
Kaufthal Elected to Blyth’s Board
Ilan Kaufthal was named to Blyth Inc.’s board of directors. Kaufthal is a senior advisor at Irving Place Capital. Greenwich, Conn.-based Blyth designs and markets candles and accessories for the home. PRESS RELEASE Blyth, Inc. (NYSE: BTH), a leading designer and marketer of candles, accessories for the home and wellness products sold through the direct...
Gray Named to Blackstone’s Board of Directors
Jon Gray has joined the Blackstone Group’s board of directors. Gray is global head of Blackstone’s real estate business. PRESS RELEASE Blackstone (NYSE: BX) today announced that Jon Gray has joined its board of directors. Jon is the Global Head of Blackstone’s real estate business. Jon joined Blackstone in 1992, became a Senior Managing Director...
Blue Wolf Capital to Buy Air Distribution Products Group from Standex
Standex International Corp. has agreed to sell its Air Distribution Products Group to Blue Wolf Capital Partners. Financial terms were not announced. The transaction is expected to close in about 30 days. Standex said it expects to report charges in the range of 18 cents to 23 cents a share, post tax, in discontinued operations...
Meade Named MD at Pomona Capital
Daniel Meade has joined Pomona Capital as an MD in the firm’s New York office. He will focus on Pomona’s business development efforts globally. Previously, Meade was a SVP at Eaton Partners. PRESS RELEASE Pomona Capital, a global private equity firm, today announced the addition of Daniel Meade to the New York office as Managing...
USI Insurance Buys The Pinnacle Group
USI Insurance Services, which is backed by Goldman Sachs Capital Partners, has bought most of the assets of The Pinnacle Group. Financial terms weren’t announced. Virginia Beach, Va.-based Pijnacle is an employee benefits consulting firm specializing in middle-market business. The company is expected to contribute about $3.3 million in annual revenues to USI. PRESS RELEASE...
