Iochpe-Maxion Finalizes Acquisition of Hayes Lemmerz
Sao Paulo-based Iochpe-Maxion S.A. announced today that its subsidiary, Iochpe Holdings, has officially acquired Hayes Lemmerz International to create Maxion Wheels, a global wheels business with manufacturing locations in 12 countries.
PRESS RELEASE:
Iochpe-Maxion S.A. (”Iochpe-Maxion”) announced today that its subsidiary, Iochpe Holdings, LLC, has finalized its transaction to acquire Hayes Lemmerz International, Inc. (”Hayes Lemmerz”). The transaction combines...
Quantum Telecom Acquires Zebra Technologies
Quantum Telecom, a publicly traded, global provider of network and business support systems for MVNOs, has announced plans to acquire a controlling stake in Israel-based Zebra Technologies, through its subsidiary Forum Mobile Israel.
Forum Mobile Israel is purchasing 51% of Zebra’s shares using Quantum shares and has an option to purchase the remainder of them.
PRESS RELEASE:
Quantum...
Corey Panno Appointed President of Telmar Group
Telmar, a New York-based software and services company that caters to the ad industry, has appointed Corey Panno president of Telmar Group. Formerly the president of Telmar North America, Panno will assume management responsibility for all worldwide business units.
Panno joined Telmar in 1989 as an account executive. Before then, he held media planning roles both...
TiqIQ Calls Up $1.7M For Ticketing Site – Filing
TiqIQ, a New York City and Israeli based startup, has raised $1.7 million in equity financing, according to a recent regulatory filing. The company is backed by Contour Venture Partners, and Contour co-founder Matt Gorin sits on the TiqIQ board. TiqIQ ...
TigerText Seals $8.2M
Santa Monica, Calif.-based TigerText Inc., maker of secure mobile messaging technology for healthcare enterprises, has raised $8.2 million in financing, bringing its total raised to $10 million. The Series A investment was co-led by Easton Capital and New Science Ventures. As part of their investment, John Friedman, Managing Partner of Easton Capital; and Somu Subramaniam,...
RentWiki Adds $3.6M – Filing
Atlanta-based RentWiki Inc. has added $3.6 million in fresh capital, according to a regulatory filing. The company, which operates a peer review and recommendation website to help people find housing, previously raised capital from Antares Capital Corp...
ANDalyze Inks $1.57M for Water Testing – Filing
ANDalyze Inc., a maker of products for testing water contamination, has raised $1.57 million of a planned $2.57 million round, according to a regulatory filing. The company, which uses catalytic DNA technologies for water testing, is backed by investor...
Gulf Capital Close to Deal for Reach Group
Abu Dhabi-based private equity firm Gulf Capital is close to sealing a deal to buy 80% of consultancy firm Reach Group, Reuters reported Thursday. Gulf Capital will be closing the transaction during the first quarter this year through its $533 million Private Equity Fund II, Reuters wrote. The value of the deal is estimated at...
Partners Group Backs Victorian Comprehensive Cancer Centre
Investment manager Partners Group has invested in the development of an Australian cancer research and treatment facility: the Victorian Comprehensive Cancer Centre, the firm announced Thursday. Details of the investment were not disclosed. The center will be based in Melbourne.
Capital Dynamics Backs Mass. Solar Project
Swiss asset manager Capital Dynamics AG announced Thursday that it had invested an undisclosed amount in a 5.7 megawatt solar energy project in the United States. The project is located in Massachusetts.
CVC’s Ahlsell Deal to Include $1.2B in Debt
Buyout firm CVC will employ more than $1.2 billion in debt in its buyout of Ahlsell, Sweden's largest supplier of tools and building materials, Reuters reported Thursday. According to Reuters, it is the largest loan to back a leveraged buyout in Western Europ since WorldPay's acquisition by Advent International and Bain Capital in 2010.
Lightyear Capital Buys PE-backed Paradigm Management
Lightyear Capital has acquired Paradigm Management Services, a provider of healthcare management services, from Sterling Partners. Middle-market investment bank Harris Williams & Co. announced the deal, which closed on Wednesday. Terms were not released. Harris Williams & Co advised Paradigm.
