VCJ Staff
Sindicatum Carbon Capital Ltd., a UK-based developer of greenhouse gas abatement projects worldwide, has raised an undisclosed amount of private equity funding from Citigroup Venture Capital International and Black River Asset Management (subsidiary of Cargill). No financial terms were disclosed.
ThermaSource, a Santa Rosa, Calif.-based provider of drilling, engineering and consulting services to the geothermal energy sector, has raised an undisclosed amount of growth capital from US Renewables Group, Riverstone Holdings and The Carlyle Group. www.thermasource.com
Seminole Energy Services LLC, a Tulsa, Okla.-based retail gas marketing company, has raised $55 million in private equity funding from The Stephens Group. www.seminoleenergy.com www.stephensgroup.com
Oracle Corp. (Nasdaq: ORCL) has paid $1.08 billion to increase its stake in I-Flex Solutions Ltd. to 82.9 percent. Oracle had announced in 2005 that it would acquire a 61% stake, by acquiring Citigroup Venture Capital's 40% stake, plus an additional 20% from public shareholders. A recent regulatory filing, however, indicates that it only held […]
Cinven may or may not be considering a buyout bid for Wolseley PLC, a listed UK-based distributor of plumbing and heating equipment. London newspaper City AM reported that Cinven was prepping a Gbp10 billion bid, which sent Wolseley shares up 8.5%, giving it a market capitalization of approximately Gbp9.1 billion. AFX News has since countered […]
Avista Capital Partners has agreed to acquire BioReliance Corp. from Invitrogen Corp. (Nasdaq: IVGN) for approximately $210 million. BioReliance is a Rockville, Md.-based contract service organization providing biological safety testing, toxicology, viral manufacturing, and laboratory animal diagnostic services to the global pharma market. The transaction is expected to close next quarter. www.avistacap.com www.bioreliance.com
SPG Partners has acquired Tasti D-Lite, a New York-based maker of frozen dairy deserts. No financial terms were disclosed for the deal, which also included participation by Tom Lee. In related news, SPG operating partner James Amos will serve as Tasti D-Lite CEO. www.tastidlite.com
Heartland Recreational Vehicles LLC, an Elkhart, Ind.
Baird Capital Partners has acquired two suppliers of outdoor wood play sets: Backyard Adventures Inc. of Amarillo, Texas, and Leisure Time Products Inc., of Pittsburg, Kansas. No financial terms were disclosed. Each company will heretofore operate as separate subsidiaries of Backyard Leisure Holdings. www.bairdcapitalpartners.com
SandRidge Energy Inc. (f.k.a. Riata Energy), an Oklahoma City-based oil and gas exploration and production company, has agreed to sell $250 million in common stock to Ares Management ($200m) and company chairman and CEO Tom Ward ($50m). The Ares commitment is subject to reduction in the event certain existing shareholders exercise their right to acquire […]