AlertMe, an online energy management company, has closed its second round funding raising a total of GBP15m. Existing investors Good Energies, Index Ventures, SET Venture Partners and VantagePoint Venture Partners have each followed their first round investment and are joined by a new investor and commercial partner British Gas (parent
Private equity firm Warburg Pincus has agreed to invest USD150m in National Penn Bancshares through a direct purchase of newly issued common stock at USD6.05 per share, approximating the average closing price of the stock over the last 30 days. The initial investment of USD63.3m will be funded within ten
Mid Europa Partners has completed the sale of Calucem’s operating assets to Argus Capital Partners. Calucem is a supplier of calcium aluminate cement. With production facilities based in Croatia and sales offices in Germany, the US and Singapore, the company supplies cement to the global refractory and building chemistry industries.
ZeniMax Media has closed a USD150m investment by private equity firm Providence Equity Partners in convertible preferred stock of the company. The proceeds will be used to fund additional growth through increased game development, expanded publishing operations, and strategic acquisitions. The new investment by Providence supplements an earlier investment of
Funds managed by Dutchess Capital have consummated USD210m in equity line facilities through the third quarter of 2010. The financing transactions were completed with publicly traded companies listed in the US, Canada, UK and Australia. Michael A. Novielli, Dutchess co-founder and managing partner, says: “We’ve been a market leader
UK private equity house Inflexion Private Equity has closed its new 2010 Buyout Fund which has raised a total of GBP375m. Carey Olsen’s corporate group in Guernsey advised Inflexion on the establishment and regulation of the fund, as a closed-end registered collective investment scheme in the form of a dual
IS Pharma, a pharmaceutical company, has raised GBP3.6m through the issue of 4,613,160 new ordinary shares at 77 pence per placing share with Abingworth. Following this placing, Abingworth will be IS Pharma’s largest shareholder with 13 per cent of the shares in issue. The placing price at 77 pence represents
Pfingsten Partners, a Chicago-based private equity firm, has bought FKI Security Group, a manufacturer or fire security products based in Indiana, through its USD525m Fund IV. Founded in 1951, Fire King operates three distinct business segments serving a variety of end markets: Fire King International, Fire King Security Products, and
StepStone Group has acquired SilverBrook Private Equity. As part of the acquisition, Thomas Bradley, Mark Maruszewski, and Michael McCabe, the SilverBrook partners, will join StepStone as managing directors to be based in its New York City office. The addition of Bradley, Maruszewski and McCabe will grow StepStone’s leadership team, expand
SunEdison, a solar energy services provider and a subsidiary of MEMC Electronic Materials, has sold a 70 megawatt photovoltaic power plant located in Northeast Italy, near the town of Rovigo. When completed in the fourth quarter of 2010, the Rovigo plant is expected to be the largest operating solar power
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