Paris-based investment company Perceva Capital has taken a 50 per cent stake in Dalloyau, a French manufacturer of pastries, chocolates and confectionary.
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Perceva Capital takes 50 per cent stake in Dalloyau
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Future Capital boosts business development team
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Future Capital Partners, the GBP6bn alternative investment boutique, has appointed Esther Lewis as business development manager.
Read more »Spire Capital Backs Tarpon Towers
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Tarpon Towers LLC, a Bradenton, Fla.-based wireless communications tower company, has raised $15 million in private equity funding from Spire Capital Partners. Tarpon has now raised over $50 million in equity funding — including from existing backer ABS Capital Partners — and a $30 million bank facility.
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Read more »Financial Engines IPO Prices Above Range
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NEW YORK (Reuters) - Financial Engines Inc (FNGN.O), which provides financial analysis based on the work of Nobel laureate and co-founder William Sharpe, priced shares in its initial public offering above the expected price on Monday.
Palo Alto, California-based Financial Engines sold 10.6 shares for $12 each, raising about $127.2 million. It had planned to sell 10.6 million shares for between $9 and 11 after cutting the size of its IPO from 10.9 million shares.
Read more »KKR Leading Deal for India’s Cafe Coffee Day
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NEW YORK (Reuters) - New York-based Kohlberg Kravis Roberts & Co (KKR.AS) is leading a consortium planning to invest a total of around 10 billion rupees ($219.5 million) in India’s Coffee Day Resorts, owner of coffee chain Cafe Coffee Day, according to a source close to the deal.
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CHAMP Plans To Sell Healthcare Australia
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MELBOURNE (Reuters) - Australian private equity firm CHAMP plans to sell Healthcare Australia (HCA), the nation’s largest nursing and aged care staffing business, and is close to appointing an adviser, the head of HCA told Reuters on Tuesday.
HCA has an enterprise value of about $320 million, according to a local press report.
HCA Chairman Nick Greiner said the Caliburn Partnership would advise CHAMP on options including a trade sale or initial public offer. He said it was likely this year but gave no time frame.
Read more »RDG Capital Offers to Buy Benihana
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(Reuters) - Russell Glass, founder and head of New York investment firm RDG Capital, has offered to buy the Japanese-themed restaurant Benihana Inc (BNHN.O) for $7 a share, the NY Post said, citing a person familiar with the matter.
Benihana shares closed on Monday at $5.88. The deal values the company at $20.1 million, the Post said.
Read more »BroadSoft Files for $103 Million IPO
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BroadSoft Inc., a Gaithersburg, Md.-based provider of VoIP application software to the telecom industry, has filed for a $103.5 million IPO. It plans to trade on the Nasdaq under ticker symbol BSFT, with Goldman Sachs and Jefferies & Co. serving as co-lead underwriters.
The company reports $37.9 million in 2009 revenue, compared to $40.12 million in 2008. Its net loss shrunk from $11.24 million in 2008 to $7.85 million in 2009.
Read more »NGM Biopharma Raises $51 Million
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NGM Biopharmaceuticals Inc., a South San Francisco-based drug startup focused on metabolic diseases, has secured the first tranche of a $51 million Series B funding round. Backers include The Column Group, Tichenor Ventures, Prospect Venture Partners and Rho Ventures. The company previously raised $25.55 million.
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Jon Skelly Joins Vetus Partners
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Jon Skelly has joined Cleveland-based investment bank Vetus Partners as a managing director. He previously focused on the wholesale distribution sector of PCE Investment Bankers, before which he served as a director of business development for Home Depot and director of M&A for Hughes Supply Inc.
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GTCR Announces Athletic & Therapeutic Institute Deal
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GTCR announced has acquired Athletic & Therapeutic Institute, an Illinois-based operator of 44 outpatient physical therapy centers, from KRG Capital Partners and Norwest Mezzanine Partners. No financial terms were disclosed. peHUB reported on the deal earlier this month.
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Elevar Raises $70 Million “Poverty-Focused” Fund
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Elevar has raised $70 million for a “poverty-focused” growth equity fund focused on underserved markets like India, Mexico, the Philippines and Peru. It will back microfinance institutions and other providers of essential services.
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Sovereign Capital acquires Future Environmental Services
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Sovereign Capital, a UK private equity firm has acquired certain trading assets of drain and sewer cleaning provider Future Environmental Services, the first transaction for the recently backed Euro Environmental Group.
Read more »KPP Promotes Rond
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Key Principal Partners, a lower middle market private equity firm based in Cleveland, has promoted Patrick Rond to vice president. Rond joined the firm, in 2002 as an analyst. KPP is the private equity arm of KeyCorp. www.key.com/keyprincipalpartners
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Garrett Walls To Join Angelo Gordon
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Garrett Walls has agreed to join Angelo Gordon & Co. as head of marketing. He previously was with TCW Group, as a managing director responsible for strategic relationships.
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Angelo, Gordon & Co., L.P. (”Angelo, Gordon”) announced today that Garrett Walls will join Angelo, Gordon as Head of Marketing effective April 5. Walls joins the firm from TCW, where he served as Group Managing Director responsible for strategic relationships. He will be based in New York.
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Clearview Adds Onto Senior Care Co.
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Senior Care Centers of America, a Clearview Capital portfolio company, has acquired Wilkes Barre, Penn.-based Valley Crest Adult Day Care. The transaction closed on January 8, and is the fifth acquisition made by Senior Care since Clearview Capital’s initial investment in 2005.
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Oncap to acquire Sport Supply Group for USD13.55 per share in cash
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Sport Supply Group, a marketer, manufacturer and distributor of sporting goods and branded team uniforms, has entered into a definitive merger agreement to be acquired by an affiliate of Oncap Management Partners, the mid-market private equity business of Onex.
Read more »Phillips-Van Heusen to acquire Tommy Hilfiger for USD3.0bn
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Phillips-Van Heusen has signed a definitive agreement to acquire Tommy Hilfiger, which is controlled by funds affiliated with Apax Partners, for total consideration of EUR2.2bn (approximately USD3.0bn) plus the assumption of EUR100m in liabilities.
Read more »Sebia To Switch Private Equity Sponsors
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LONDON (Reuters) - Montagu Private Equity agreed the sale of medical diagnostics business Sebia to rival Cinven, a further sign the buyout industry is reviving after a slow year for deals in 2009.
Since its acquisition in 2006 by Montagu, Sebia has increased market share in existing markets and has expanded in new growth high growth areas, the private equity firm said in a statement on Monday.
The company has been valued at about 800 million euros ($1.1 billion) in press reports.
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Excel Telecom Switches Sponsors
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Denham Capital has agreed to sell the assets of Excel Telecommunications to Matrix Telecom Inc., a portfolio company of Platinum Equity. No financial terms were disclosed. Excel is an Irving, Texas-based provider of integrated voice and data communications products and services to residential, commercial and carrier customers.
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