Dell Buys VC-Backed AppAssure
Dell Inc. has acquired AppAssure, a provider of application protection technology for virtual, physical and cloud infrastructures. Terms of the deal were not released. Formed in 2006, AppAssure was backed by investors including Bain Capital Ventures. The company is based in Reston, Va. PRESS RELEASE Dell Inc. (NASDAQ: DELL) today announced it has acquired AppAssure,...
PE-Backed Nationstar Mortgage Prices IPO
Residential mortgage loan servicer Nationstar Mortgage Holdings Inc., which is backed by private equity firm Fortress Investment Group, has priced its upcoming initial public offering, Reuters reported Friday. The Lewisville, Texas-based company expects to sell 16.7 million shares at $17 to $19 apiece. (Reuters) – Residential mortgage loan servicer Nationstar Mortgage Holdings Inc said it...
Firsthand Technology Announces Facebook Investment
Firsthand Technology Value Fund Inc. announced Friday that it has added to its investment in Facebook, closing a 50,000 share purchase. The fund now owns 200,000 Facebook shares, it says. Firsthand is a publicly-traded venture capital fund that invests in technology and cleantech companies. PRESS RELEASE Firsthand Technology Value Fund, Inc. SVVC -2.01% announced that...
Blackstone Hires Ed Huang
Blackstone Group has hired Ed Huang as a managing director for China, Reuters reported Friday. Huang joins from Morgan Stanley’s Asia private equity unit. He joins Yi Luo, another dealmaker and senior managing director, who joined Blackstone last year from Carlyle Group. (Reuters) – Blackstone Group has hired Ed Huang from Morgan Stanley’s Asia private...
Oppenheimer Fund in Valuation Inquiry
Federal regulators are investigating whether a private equity fund that was part of Oppenheimer Holdings Inc. overstated the value of one of its holdings, the Wall Street Journal wrote Friday. The case involves Oppenheimer Global Resource Private Equity Fund LP, which makes investments of its own and invests in other private equity funds, Reuters wrote....
Carlyle Group Hires Bankers for Tsubaki IPO
The Carlyle Group has hired Nomura Holdings and Goldman Sachs to handle the initial public offering of Japanese ball bearing maker Tsubaki Nakashima Co., Reuters wrote Friday. An IPO could value the company at 70 billion yen ($873 million) or more, Reuters wrote. Carlyle bought Tsubaki Nakashima from the principal investment arm of Nomura Holdings...
Pecik Eyes Stake in AMAG
Investor Ronny Pecik intends to take a stake in Austrian aluminium group AMAG, Reuters reported, citing Format magazine. Main owner CP Group 3, a joint venture between One Equity Partners and Constantia Packaging, has a 34.5% stake worth nearly 220 million euros ($292.9 million) at current market prices that it is ready to sell, Reuters...
CapStreet Group Recaps Gulf Stream Marine
The CapStreet Group has recapitalized Gulf Stream Marine. Financial terms weren’t announced. Houston-based Gulf Stream Marine is a marine cargo handling companies in the U.S. Gulf Coast region. Crutchfield Capital Corp. advised Gulf Stream Marine. PRESS RELEASE Today, The CapStreet Group, LLC and Crutchfield Capital Corporation reported the majority recapitalization of Gulf Stream Marine, Inc....
Former McAfee Execs Launch CrowdStrike
Two former executives at security software maker McAfee have started a firm that is developing technology to help corporations and government agencies track down elusive hackers, Reuters reported Thursday. The company, called Crowdstrike, has raised Series A capital from private equity firm Warburg Pincus, Reuters wrote. (Reuters) – Two executives who left security software maker...
Resilience Capital Buys Vista Pro Automotive Division
Resilience Capital Partners, a Cleveland-based private equity fund, announced Thursday that it has acquired the heavy duty division of Vista Pro Automotive through its newly-formed entity, Thermal Solutions Manufacturing. Terms of the deal were not released. Thermal Solutions is based in Nashville, Tenn. PRESS RELEASE Resilience Capital Partners, a Cleveland-based private equity fund, has announced...
Blue Wolf Buys Standex Unit
New York-based private equity firm Blue Wolf Capital Partners has acquired the air distribution products group from Standex International Corp. Terms of the deal were not released. The business unit makes galvanized steel duct products which distribute conditioned air throughout HVAC systems. PRESS RELEASE Blue Wolf Capital Partners LLC, the New York-based private equity firm,...
Pinger Raises $7.5M
Pinger has raised $7.5 million in new financing from T-Venture, the venture capital arm of Deutsche Telekom. As a result, Bernhard Gold, investment director at T-Venture, has joined Pinger’s board. The company is also backed by Kleiner Perkins Caulfield & Byers and DAG Ventures. PRESS RELEASE Pinger today announced it has closed a new round...
