Deals
Private investment firm Forstmann Little is to sell its ownership stake in sports, fashion and media business IMG Worldwide to Silver Lake Partners and William Morris Endeavor Entertainment.
The transaction concludes a successful partnership between Forstmann Little and IMG, during which IMG grew into one of the world’s premier sports, entertainment and media companies with 3,500 employees in more than 30 countries around the world, and involved in an average of 11 sports and entertainment events every day.
“Today marks the successful culmination of the bold global strategy devised by Ted Forstmann for IMG over many years,” says Mark
Temptime Corporation, a provider of time-temperature indicators to the healthcare industry, has acquired Connecticut-based William Laboratories to expand into blood temperature monitoring solutions.
Temptime’s acquisition is a significant step toward expanding its capabilities since it partnered in September with Water Street Healthcare Partners, a strategic investor focused exclusively on healthcare.
Temptime’s devices are used by the world’s largest health organisations and pharmaceutical companies to alert them if vaccines and other medical products have been exposed to temperatures that could damage or alter their effectiveness.
Temptime’s acquisition of William Laboratories expands the company into devices that monitor the temperature
Digital advertising agency Olson, a KRG Fund IV portfolio company, has acquired PulsePoint Group, an Austin-based digital marketing strategy consulting firm.
The addition of PulsePoint’s strategic expertise and tools further strengthens Olson’s digital creative and executional capabilities.
Olson chief executive officer John Partilla says Olson chose PulsePoint because of the calibre of the agency’s talent, a client list that includes blue-chip brands such as Toyota, Novartis and Delta Air Lines, and its proprietary tools such as the cloud-based Social Media Accelerator application, which helps marketers develop strategic social media plans to achieve specific campaign objectives.
KRG made an
Ardian has sold its minority stake in the CEGOS Group to management and the CEGOS Association, a long-standing shareholder in the group.
The CEGOS Group is a specialist in vocational training services.
Since Ardian’s investment in 2009, the CEGOS Group has significantly increased its market share in France and, with the support of Ardian’s international presence in Singapore and Beijing, accelerated its development in Asia.
The CEGOS Group has been particularly active in expanding its “inter activity” training programmes which support groups of professionals from different companies.
In 2013, the CEGOS Group achieved a EUR166m turnover and
MMC Ventures closed 18 deals and attracted more than USD100m in total investment into its portfolio in 2013.
One of the top five most active VCs in the UK, MMC welcomed nine new companies into its portfolio this year.
Research compiled by Ascendant showed that, despite overall falls in UK technology venture capital deals in Q3 2013, MMC bucked the trend and was listed as one of the most active investors. A separate report from UKFunders listed MMC as the top retail investor for the first nine months of 2013, with over 10 per cent of deals in the
WyzAnt, an online marketplace for private tutoring, has secured a USD21.5m investment from Accel Partners, the global venture capital firm.
The funds will be used to drive product innovation and scale WyzAnt's technology platform as the company expands globally.
With over 500,000 tutors and one million students, WyzAnt is the largest tutoring marketplace in the US. Parents, students and others use WyzAnt to search for and hire qualified, pre-screened tutors in their city. Millions of hours of tutoring have been completed through the marketplace, and the website has over 850,000 tutor reviews and ratings. WyzAnt's tutor community covers more
Private equity firm Thoma Bravo has sold its portfolio company, digital identities and information specialist Entrust, to Datacard Group.
Financial terms have not been disclosed. The sale is expected to close by year-end.
“Thoma Bravo worked closely with Entrust management to grow the business into an industry leader through continued product innovation and execution of operational best practices,” says Thoma Bravo managing partner Scott Crabill. “We are proud of the work accomplished by everyone at Entrust to better serve the critical needs of customers while organically accelerating revenue growth and increasing profitability.”
With a capital injection and operational
KKR & Co and KKR Financial Holdings (KFN) have signed a definitive merger agreement where KKR will acquire KFN through a stock-for-stock merger that values KFN at USD2.6bn.
KFN is a specialty finance company with a portfolio of assets spanning a complementary range of strategies, principally leveraged credit through ownership of subordinated and mezzanine notes across a number of CLOs, special situations and private markets strategies including natural resources, commercial real estate and private equity. KFN is externally managed by KKR.
Under the agreement, which has been approved by the boards of directors of both KKR and KFN, in
Kester Capital has sold its interest in Chiltern in a deal which values the business at GBP135m.
The exit comes as Chiltern announces the consolidation of existing investors, led by Sir Douglas Myers.
The transaction has generated a return of over 2x capital and a 25 per cent IRR for Kester Capital funds.
Chiltern is a contract research organisation (CRO) with extensive experience in the management of Phase I-IV clinical trials across a broad range of therapeutic areas. Chiltern serves a diverse customer base and has conducted trials in over 40 countries. The business employs more than 1,600
Hot Rod Brands, an affiliate of private equity company Z Capital, has acquired MSD Performance Group (MSDP), a provider of vehicle aftermarket performance parts.
MSDP sells products under the MSD, Racepak, Powerteq, Edge and Superchips brands.
The transaction is scheduled to close this week.
The acquisition was part of a Section 363 Bankruptcy auction and was approved on 26 November 2013. MSDP filed a voluntary Chapter 11 bankruptcy protection petition on 6 September 2013.
"MSDP is now well positioned for the future,” says Ron Turcotte, chief executive of MSDP. "In recent years, we have expanded our portfolio
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
