The intellectual asset management provider gets a significant investment from Insight but the agreement’s terms were not fully disclosed.
Sectors
Allstate Corp sells insurance business to Resolution Life Holdings
Allstate Corp announced plans to sell its insurance business to Resolution Life Holdings for US$6 million
Florida Community Bank buys the Great Florida Bank
Florida Community Bank bought the Great Florida Bank to improve its capital structure. Florida Community Bank finalized a deal to obtain Great Florida Bank.
Linsalata sells Tranzonic to Silver Oak
Linsalata Capital Partners sold The Tranzonic Cos. to Silver Oak Services Partners. Linsalata Capital Partners, a Mayfield Heights private equity firm, sold The Tranzonic Cos.
Lexington Partners closes CIP III fund
Lexington Partners announced the closure of their new co-investment fund, Lexington Co-Investment Partners III, L.P. after obtaining at least US$1.50 billion from institutional investors.
Latest News
J.C. Flowers announced that they are in the final negotiations to buy US$682.8 million worth of Northern Rock loans.
Private equity firms, Providence Equity Partners and ChrysCapital, reported that it may exit Idea Cellular and HCL Technologies respectively in the near future.
Blackstone Group placed more investments in India by acquiring Indian auto parts maker Agile Electric Works.
McGraw-Hill Education acquired minority ownership share in Tata McGraw-Hill Education Private Limited originally held by two Tata charitable trusts.
The apps developer Xamarin gets US $16 million funding, which it intends to use for its exponential growth.
On-Ramp wireless gets additional US $15 million funding from both new and existing investors, On-Ramp Wireless obtained additional US $15 million after its series C funding.
Grovo gets US $5.5 million of funding for its product research and marketing campaign. Grovo. com, which uses personalized videos to train users on cloud and Internet services, closed US $5.
Goldman Sachs sells its majority share in REDI but will retain minority stake in the company. Goldman Sachs Group sold its majority stake in REDI, one of the pioneers of trading technology, to a group of investors.
Taykey get US $6 million from another round of funding led by Tenaya Capital. Topical Advertising channel Taykey announced a US $6 million worth of fresh capital infusion from four investors led by venture firm Tenaya Capital.
