Reuters – Nordic Capital Buys into Danish Sporting Goods
May 21, 2012
Private equity group Nordic Capital has bought Sport-Master , a Danish sporting goods chain, writes Reuters . No details were provided on the value of the deal. Reuters – Private equity group Nordic Capital said on Monday it has bought Sport-Master, Denmark’s largest sporting goods chain, continuing a string of recent deals in the region’s buoyant buyout market. Nordic Capital said in a statement that Sport-Master, which has 100 shops in Denmark and 1,000 employees, had benefited from growing consumer demand for sportswear and equipment and had seen continued growth despite tough economic conditions.
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Reuters – Nordic Capital Buys into Danish Sporting Goods
Celtic House Venture Partners Reaches First Close
May 21, 2012
Celtic House Venture Partners has reached a first close of Celtic House Venture Partners Fund IV LP at $105 million. Investors in the fund include Ontario Venture Capital Fund , Teralys Capital , Export Development Canada and BDC Venture Capital . PRESS RELEASE Celtic House Venture Partners today announced the first close of Celtic House Venture Partners Fund IV LP at $105 million.
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Celtic House Venture Partners Reaches First Close
Kabel Deutschland Acquires German Cable Operator Tele Columbus
May 21, 2012
Kabel Deutschland has acquired Tele Columbus for 603 million euros ($770 million) plus accrued interest. Tele Columbus , headquartered in Berlin, Germany provides basic cable services to approximately 1.7 million customers in 2.1 million homes connected. The acquisition is subject to the approval of the German Federal Cartel Office. PRESS RELEASE Today, Kabel Deutschland Holding AG („Kabel Deutschland“) has entered into a purchase agreement with Tele Columbus GmbH („Tele Columbus“) to acquire the Tele Columbus Group
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Kabel Deutschland Acquires German Cable Operator Tele Columbus
BigHand Acquired by Bridgepoint Development Capital
May 21, 2012
BigHand , a productivity software developer, has been acquired by Bridgepoint Development Capital with management in a transaction totalling 49 million pounds ($77.5 million). Founded in 1996, the company is the largets provider of of voice productivity software to the legal, healthcare and professional services market in the UK and has a growing international client base. It currently supports over 150,000 professionals globally, across 1,450 organisations and has offices in London, Chicago, Sydney and Toronto. Founded in 1996, the company is a provider of voice productivity software to the legal, healthcare and professional services market in the UK and has a growing international client base
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BigHand Acquired by Bridgepoint Development Capital
Risky business
May 19, 2012
The financial services industry and more than a dozen top law firms that represent the industry are expressing concern that reaction to JPMorgan’s recent $2 billion loss could sour months of expensive lobbying work on Capitol Hill and before key regulatory agencies. Nowhere is this tension more apparent than in the push and pull over the pending multiagency Volcker Rule, which proponents say could rein in the activity that led to the company’s massive trading loss.
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Risky business
Felicis Ventures III raises $52M
May 18, 2012
Felicis Ventures III, L has raised $52 million, according to a regulatory filing with the U.S. Securities and Exchange Commission. The related parties listed on the filing include: N/A Felicis Ventures Gp Iii, Llc, director and Aydin Senkut, director. Senkut is the founder and managing director of Felicis Ventures
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Felicis Ventures III raises $52M
South Bay unemployment rate numbers down for April
May 18, 2012
The unemployment rate for the San Jose-Sunnyvale-Santa Clara metropolitan statistical area was 8.4 percent for April, down compared to 9.3 percent in March. This compares to 9.8 percent a year ago. Sectors adding jobs included leisure and hospitality, professional and business services, government jobs, manufacturing, trade transportation, and utilities. The area also includes San Benito County. For the San Francisco-San Mateo-Redwood City area, the unemployment rate was 7 percent for April, and…
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South Bay unemployment rate numbers down for April
Platt Electric acquired by Rexel for $382M
May 18, 2012
Platt Electric Supply of Beaverton is being acquired by Rexel for $382 million. France-based Rexel is one the U.S.’ largest electrical distributors through its subsidiaries Rexel Inc. and Gexpro. It operates close to 300 branches nationwide and provides services to the commercial, industrial and residential construction markets. Platt President Jeff Baker, will add CEO of Platt Electric Supply to his title post-acquistion and will become a vice president of Rexel Inc.
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Platt Electric acquired by Rexel for $382M
Verizon looks to cut costs, increase data services revenue
May 18, 2012
Verizon Wireless is looking decrease costs and increase revenue from its data services. To do so, the company is planning to make its customers who consume a lot of data pay more, through either service fees or smartphone prices, Thomson Reuters reported Thursday. Those customers who pay full price for their phones will continue with unlimited data service plans for a $30 per month flat rate. Starting this summer, customers that upgrade to a discounted handset will move from an unlimited plan…
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Verizon looks to cut costs, increase data services revenue
GlendonTodd Capital Buys Toutatis
May 18, 2012
GlendonTodd Capital and Performa Partners have acquired Toutatis Inc. , a Sao Paulo, Brazil-based provider of business process outsourcing services. Terms were not released. GlendonTodd Capital is a Dallas-based private equity firm.
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GlendonTodd Capital Buys Toutatis
