Acquisition
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PE Firms Take Champion Enterprises Out of Bankruptcy
Private Equity Hub &bull 2 Hours Ago
Centerbridge Partners, MAK Capital and Sankaty Advisors have completed their acquisition of bankrupt homebuilder Champion Enterprises Holdings LLC. The deal includes $50 million in new equity, with Champion's debt load being lowered to $40 million. Full Story »
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Topics:
- Acquisition
- Bankruptcy
- Equity
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NBT acquires American National Bank in Parma
Biz Journals &bull Yesterday
American National has assets of about $70 million and total deposits of about $67 million, NBT said in a news release. About $49 million of the assets are subject to a loss-sharing agreement with the Federal Deposit Insurance Corp., and… Full Story »
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Topics:
- Corporation
- Acquisition
Asian Private Equity and Venture Capital Review Magazine
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Eucalyptus Snags MySQL CEO
Socal Tech &bull Mar 19, 2010
Santa Barbara-based Eucalyptus announced Friday afternoon that the firm has snagged Marten Mickos, most recently the CEO of MySQL AB, as its new CEO. Current Eucalpytus CEO Woody Rollins becomes Chief Financial Officer of the firm. Eucalpytus develops open source,… Full Story »
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Topics:
- Acquisition
- Benchmark Capital
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Compensation up 46.9% for Ameriprise's Cracchiolo
Biz Journals &bull Mar 19, 2010
Ameriprise Financial Inc. pumped up top executive James Cracchiolo's compensation by 46.9 percent in 2009, a year in which the Minneapolis-based financial-services firm swung to a profit and engaged in a $1 billion acquisition. Option awards were $9.1 million, down… Full Story »
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Topics:
- Corporation
- Acquisition
- NYSE
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Brentwood payment processor FrontStream purchases Fast Transact Inc.
Biz Journals &bull Mar 19, 2010
Brentwood-based FrontStream Payments, Inc. announced today the acquisition of Fast Transact, Inc., an Olympia, Wash.-based provider of payment-processing services for e-commerce and brick-and-mortar purchases. The acquisition, the terms of which were not disclosed, was funded through an investment by Arsenal… Full Story »
Venture-Capital-Magazin Magazine
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MySQL's Marten Mickos becomes CEO of hybrid cloud startup Eucalyptus Systems
Venture Beat &bull Mar 19, 2010
Marten Mickos, former chief executive of open source database company MySQL, is moving to cloud computing startup Eucalyptus Systems, where he will serve as CEO. Mickos built MySQL into what seemed like the open source world's biggest successes, with a… Full Story »
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Enterprise CEO Benoist's '09 compensation fell 62%
Biz Journals &bull Mar 19, 2010
Enterprise Financial Services Corp. CEO Peter Benoist's total compensation fell 62 percent last year, according to a proxy statement filed Thursday with the Securities and Exchange Commission. On Monday, Andrew Baur and Bob Witterschein, the two top executives at Southwest… Full Story »
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Topics:
- Corporation
- Acquisition
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GoAhead Software Shifts To Open Source, Buys Firm
Northwest Innovation &bull Mar 19, 2010Bellevue-based GoAhead Software, a developer of embedded middleware software, said today that it is shifting to an open source software model. The firm said that along with the shift to an open source business, the firm has acquired Avantellis, a… Full Story »
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Topics:
- Acquisition
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Community banks advised to buy weak rivals
Biz Journals &bull Mar 19, 2010
Weinstock was speaking at the seminar "Acquisitions in troubled times," along with Charles "Stormy" Greef, a partner and co-head of the financial institutions corporate and regulatory team at the firm. Though selling in the current environment may not get the… Full Story »
Asian Venture Capital Journal Magazine
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Nuance Cans SpinVox Consumer Service, Canning Staff Too
Paid Content &bull Mar 19, 2010
When I spoke with SpinVox buyer Nuance, as it began planning the future for the voicemail-to-text firm last month, it said it would pitch the service harder to network operators, stop offering new direct consumer accounts, but continue to maintain… Full Story »
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Topics:
- Pitch
- Acquisition
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Francisco Partners Completes QuadraMed Buyout
Private Equity Hub &bull Mar 19, 2010
Francisco Partners has completed its $126 million take-private acquisition of QuadraMed Corp., a Reston, Va.-based provider of healthcare IT services. The deal was first announced last December. Wells Fargo Foothill and Silicon Valley Bank committed debt financing. Full Story »
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Topics:
- Corporation
- Acquisition
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YouTube-Viacom, Part Two: YouTube Founders' E-Mails Show Struggles Over Copyrighted Works
Paid Content &bull Mar 18, 2010
Viacom (NYSE: VIA) claims Google has reproduced and distributed for viewing on YouTube 62,637 video clips that infringe its copyrights. Those clips, it says, were viewed more than 507 million times. In Feb. 2005, YouTube's goals were to "aim high"… Full Story »
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Welspun Gujarat to acquire MSK Projects
India Private Equity &bull Mar 18, 2010Welspun Gujarat has okayed the acquisition of MSK Projects, reports CNBC-TV18. It plans to acquire 75% stake in the latter. The deal size is Rs 400 crore, and this is to be funded entirely through internal accruals. Welspun Infratech, a… Full Story »
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Topics:
- Acquisition
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Carlyle Group Teams with EDF to Make Energy Efficiency an Investment Factor
GreenTech Media &bull Mar 18, 2010The Carlyle Group, the massive investment firm, and the Environmental Defense Fund have created EcoValueScreen, a business process tool that will help Carlyle determine the eco-worthiness of potential acquisitions and opportunities for fine-tuning the operations of these businesses after they… Full Story »
Dermot Berkery - Raising Venture Capital for the Serious Entrepreneur
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Interview: CBS Thinks Last.fm Will Turn A Profit This Year
Paid Content &bull Mar 18, 2010
After its 2007 acquisition, it doesn't seem like CBS (NYSE: CBS) has been able to get the most from its $280 million Last.fm outlay. There's been no TV scrobbling, no profit, the site's key execs have left and fitting the… Full Story »
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Topics:
- Startup
- Acquisition
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Fortune Bank seeks to raise $450M
Biz Journals &bull Mar 18, 2010
If the Seattle bank raises the money, bank officials said Martin Glynn of Vancouver, British Columbia would replace David Straus as CEO, with Straus becoming chief operating officer. Fortune Bank said "a nationally recognized investment bank" will lead the fundraising… Full Story »
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As digital distribution looms, GameStop keeps opening retail stores
Venture Beat &bull Mar 18, 2010
GameStop, the worlds biggest video game retailer, managed to grow in its fourth fiscal quarter thanks to sales of used games and new store openings. Even in the age of digital distribution from rivals such as OnLive, GameStop plans on opening 400 stores in the coming year.… Full Story »
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Sandy Spring prices stock offering
Biz Journals &bull Mar 18, 2010
Olney-based Sandy Spring Bancorp Inc. has priced shares for a secondary offering and set the number of shares to be sold, an offering that will increase its shares outstanding by as much as 45 percent. Sandy Spring will sell 6.5… Full Story »
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Topics:
- Sales
- Acquisition
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Evri Raises $349K Related To Twine Acquisition
Northwest Innovation &bull Mar 17, 2010Seattle-based Evri, a developer of semantic web search tools, has issued $349,203 in equity, as part of its acquisition last week of Radar Networks, the operator of Twine.com. The details came through a regulatory filing by the firm Wednesday afternoon.… Full Story »
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Sandy Spring to sell $83M in stock
Biz Journals &bull Mar 17, 2010
Sandy Spring says the capital may be used for acquisitions, paying down debt or repurchasing preferred shares sold to the U.S. Treasury as part of its participation in the TARP program. The company reported a fiscal 2009 loss of $30.85… Full Story »
