Real estate investment and services firm Kennedy Wilson has sold and issued 32,550 shares of its convertible series B preferred stock in an equity private placement to Toronto-based Fairfax Financial Holdings. The proceeds from the offering, totaling USD32,550,000, were used to finance the company’s repurchase of its seven per cent

Marwyn Materials, an AIM-listed special purpose acquisition vehicle, has acquired Breedon Holdings (formerly Ennstone), the largest independent UK aggregates producer with 29 quarries, 19 asphalt plants, 27 ready mix concrete plants and 181 million tonnes of mineral reserves. The GBP160m reverse takeover, Marwyn’s biggest transaction to date, will result in

Cardlytics, a transaction marketing company, has raised USD18m of equity led by new investors ITC Holdings and Kinetic Ventures. All previous investors participated in the financing, including Canaan Partners, Polaris Venture Partners, and Total Technology Ventures. Concurrent with the financing, Campbell B. Lanier (pictured) of ITC Holdings and Kinetic Ventures

Axiologix Education, an educational software provider, has entered into an investment agreement for a USD5m equity line of credit with Dutchess Opportunity Fund II. "We are pleased to be working with Dutchess Capital at such an exciting time in the company’s history. We believe there is a significant growth opportunity

Shape Up The Nation, a provider of social networking-based online health and wellness services, has raised USD5m of series A funding from Cue Ball Capital and Excel Venture Management, in partnership with management members. “This new investment reaffirms the exciting opportunity for our Software as a Service health and wellness

Felicis Ventures, founded four years ago as an angel fund by Aydin Senkut, has launched its first institutional fund in the amount of USD40m.  Felicis Ventures was oversubscribed by 33 per cent with an investor syndicate that is more than 90 per cent institutional. "Felicis Ventures will continue to invest

FP-EF Holding, an affiliate of technology-focused private equity fund Francisco Partners, completed its acquisition of EF Johnson Technologies. Under the terms of the merger agreement approved by stockholders, FP-EF Holding has acquired all of the outstanding shares of EF Johnson Technologies, based on a price of USD1.50 per share in

GMT Communications Partners and Veronis Suhler Stevenson, private equity investors in the media and communications sector, have sold Pepcom to Star Capital Partners for an undisclosed sum. Pepcom is Germany’s sixth-largest cable TV operator, with more than 630,000 subscribers of video, broadband and voice services. Both GMT and VSS were

The merger and acquisition deal activity in the global transportation and logistics sector was strong in the second quarter of 2010, according to reports from PricewaterhouseCoopers. The pace of quarterly deal activity generally remained above the post-bubble lows of 2009. In Q2 2010 there were 29 announced deals, a quarterly

HarbourVest Global Private Equity had an estimated economic net asset value of USD727m or USD8.76 per share at 31 July 2010.  This represents a 2.5 per cent increase from the 30 June 2010 estimated economic NAV per share of USD8.55.   This change resulted from positive foreign currency movement, increases