| | | | Fall behind on what happened in Private Equity and Venture Capital last week? Have no fear – here’s the most-read stories that appeared on PEHub.com: | | | Kohlberg & Co, PPG to sell Pittsburgh Glass Works in deal valued at $635 mln | | Posted: 2/29/2016 | | Kohlberg & Company LLC and PPG Industries Inc agreed to sell Pittsburgh Glass Works LLC, an automotive glass and services business, to LKQ Corp for an enterprise value of $635 million. PPG sold a majority stake in Pittsburgh Glass Works to Kohlberg & Co in 2008. Jefferies LLC and Nomura Securities International served as financial advisor, and Ropes and Gray LLP acted as legal counsel, to Pittsburgh Glass Works. K&L Gates LLP served as legal counsel to LKQ. | | Read More... |
| Mariana raises $2 mln in seed funding | | Posted: 3/1/2016 | | Mariana, aPalo Alto, California-based marketing startup,raised $2 million in a seed funding round led byBruce Taragin, managing director of Blumberg Capital, with participation from angel investors including Gokul Rajaram, Gerri Elliott and Semil Shah. Mariana also announced the launch of itstargeted B2B demand generation platform. | | Read More... |
| U.S. retailer Sports Authority files for bankruptcy: Reuters | | Posted: 3/2/2016 | | Sports Authority Inc said it filed for Chapter 11 protection on Wednesday, making it the first major U.S. retailer to file for bankruptcy this year amid fierce competition from giants such as Wal-Mart Stores Inc (WMT.N) and Amazon.com Inc (AMZN.O), Reuters News reported. | | Read More... |
| HIG Capital to buy Quicken from Intuit | | Posted: 3/3/2016 | | HIG Capital has "decided to invest in the Quicken business because of their deep appreciation of the Quicken product, our loyal customers, and Quicken's commitment to helping consumers manage their finances," according to a blog post from Eric Dunn, Quicken SVP and general manager. Financial terms weren't announced.Intuit Inc, the seller, announced plans in August to seek out a buyer for Quicken, Dunn said. Quicken is a personal finance software. Read the rest of Dunn's post here. | | Read More... |
| UPMC to lead $35 mln investment in medCPU | | Posted: 2/29/2016 | | UPMC, a Pittsburgh-based health system, will take a majority interest in privately held medCPU Inc, a medical decision support company based in New York. In addition to the stock purchase, UPMC will lead an investment round of $35 million in new capital with participation from existing medCPU shareholder Merck Global Health Innovation Fund. UPMC will also become a medCPU customer. | | Read More... |
| PE HUB First Read | | Posted: 3/1/2016 | | In Tuesday's First Read, a judge sides with Apple in a drug case involving a locked phone, investigators believe more than $1 billion was deposited into Malaysian prime minister's accounts, much from 1MDB and here are the 18 books investors will be reading over spring break. | | Read More... |
| PE HUB Second Opinion | | Posted: 2/29/2016 | | In Monday's Second Opinion, Valeant says it's under investigation by the SEC, Argentina agrees to pay "holdout" hedge fund creditors $4.65 billion, ending a 15-year battle and Google's self-driving car gets into an accident with a public bus in California. | | Read More... |
| Maru Group to get up to $62.72 mln from Primary, announces acquisitions | | Posted: 3/1/2016 | | U.K.-based Maru Group Ltd received an equity investment of up to 45 million pounds ($62.72 million) from Primary Capital Partners LLP. Maru Group is a newly formed buy and build vehicle created to develop a company that provides research, insight and advisory services to enterprises. Concurrent with the investment, Maru Group acquired eDigitalResearch Ltd, a U.K.-based customer insight company. | | Read More... |
| PE HUB First Read | | Posted: 3/2/2016 | | In today's First Read, ex-Chesapeake Energy CEO Aubrey McClendon is indicted on antitrust charges, Barclays is pulling out of Africa after more than a century, and the Ivy League moves to eliminate tackling at football practices. | | Read More... |
| White Wolf buys Stag Arms | | Posted: 2/29/2016 | | White Wolf Capital LLCacquired Stag Arms LLC, a maker of modern sporting rifles based inNew Britain, Connecticut.Details of the transaction were not disclosed. | | Read More... |
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