M&A news and insight for the middle market
The M&A Scene: CEO Leadership
Dealmakers gathered at the Harvard Club in New York on May 7 as part of ACG NY's CEO Leadership event. Peter Gonye, a co-leader within Spencer Stuart's private equity practice in North America was the keynote speaker. Panelists included M. Tatum Pursell, senior adviser, Unlimited Horizons; Tony Ecock, general partner, Welsh Carson Anderson & Stowe; Jim Follett, former CEO of Authentic Response Inc.; Doron Grosman, operating partner, Court Square Capital; and Joelle Marquis, partner, Arsenal Capital.
10 Startups Marissa Mayer Bought Before Tumblr
Summly, a news-sharing service Yahoo picked up in March for $30 million, tops the list of purchases the new CEO made before the $1.1B deal for Tumblr
3Qs With…Chris Randall, executive vice president, NBH Capital Finance
NBH Capital Finance will focus on the lower middle market
Remark Media Refocuses on Young Adults
Remark has operated at a loss since inception but is now focusing on growing its personal finance group, as well as media properties
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Vice President
Firm: Clarion Partners LLC
In the news: Clarion Partners, Madison Street Capital, NBGI Private Equity
Carlos Slim
Signet’s alternative funds unit has $700 million in assets
MGPA manages about $12B, focusing on real estate funds management, co-investments and separate-account mandates for institutional investors
Waiting staff can use the service to place orders from mobile phones, and process payment at the table
The network security transaction follows similar acquisitions by Vista Equity Partners and McAfee
Multiband can solicit alternative proposals for 45 days as part of the agreement
The IT company’s $120M N-Able purchase, announced May 21, follows 10 smaller acquisitions the company has made since its 2009 IPO
Juan Alva, Fifth Street partner
Waiting staff can use the service to place orders from mobile phones, and process payment at the table
The network security transaction follows similar acquisitions by Vista Equity Partners and McAfee
The tobacco company is paying $700M for 20 percent of Philip Morris Mexico SA de CV, owned by Grupo Carso, which was founded by billionaire Carlos Slim
The PE firm has already made eight investments from the new fund, including in retailer Matilda Jane Clothing
The target manufactures candy without fat, dairy, gelatin, nuts or artificial colors, from fruit juices
The “solar tree” maker plans to raise more money and extend the maturity dates of loans again in order to stay in business
Sprint, which already owns 51 percent of Clearwire, raised its offer to $10.7B
Our weekly perusal of SEC filings reveals a growing list of companies indicating they may not continue as going concerns
