Quattrone advises on $3.6bn riverbed sale December 15, 2014 QATALYST Partners’ Frank Quattrone is advising on the sale of network equipment maker Riverbed to Thoma Bravo and Ontario Teachers’ Pension Plan for approximately $3.6bn (£2.3bn). Quattrone has advised on $70bn worth of tech industry transactions over his career.
Small businesses make plea to Amazon customers over 1p glitch December 15, 2014 Etailers hit by a glitch that caused thousands of products to be listed on Amazon for 1p have made a direct plea to customers in a bid to recover their losses and stave off bankruptcy. Video games seller Go2Games said it has appealed on its Facebook page to customers who bought products for 1p on [...]
Audioboom agrees Audible content deal December 15, 2014 UK AUDIO content platform Audioboom yesterday said it had struck a content deal to provide audiobook samples from Amazon subsidiary Audible. The Aim-listed Audioboom’s new apps have an algorithm that learns a user’s likes and tailors content delivery accordingly, allowing for the showcasing of Audible content as part of the automated feed of audio. Audioboom [...]
Carpetright wins over investors as sales rebound December 15, 2014 SHARES in Carpetright soared yesterday after the high street retailer said it expected full-year profit to be at the top end of forecasts thanks to a pick-up in sales both at home and overseas. The retailer, which kits out homes with carpets, rugs and flooring, said group revenues rose 2.6 per cent to £227.9m in [...]
MySale share price collapses: Sir Philip Green and Mike Ashley lose millions after slump December 15, 2014 MySale shares collapsed by 52 per cent yesterday, costing its backers Sir Philip Green and Mike Ashley millions of pounds, after the flash sales website warned on profits, The company said pre-tax profits for the year to 30 November were expected to be “materially below market expectations”, despite reporting double-digit rise in sales. It blamed [...]
Spotify backer sets up new fund December 15, 2014 NORDICS-focused venture capital firm Northzone today closed its latest Fund VII reaching a hard cap of €250m (£199m), as it looked to new opportunities in Europe and the US. Oversubscribed, the fund represents one of the largest early-stage venture funds raised globally in 2014. In recent years, Northzone has set up offices in London and [...]
Terra Firma tests water for Infinis sell-off December 15, 2014 GUY HANDS’ private equity firm Terra Firma yesterday gauged buyer appetite for a possible sale of its UK renewable energy company, Infinis. The buyout specialist said in a statement that it was “exploring options to crystallise the value of its 68.8 per cent shareholding in Infinis Energy, including potentially a sale of the stake. Given [...]
BGC buys RP Martin assets December 15, 2014 AMERICAN inter-dealer broker BGC Partners yesterday reached agreement with UK-based rival RP Martin to buy its UK assets. Financial details of the deal remain undisclosed. The New York-based BGC also said it planned to buy RP Martin’s other businesses in Sweden and the Netherlands in 2015. BGC said RP Martin, which employs 170 brokers in [...]
Johnson sheds gold and silver December 15, 2014 FTSE 100-listed chemicals and technologies company Johnson Matthey yesterday struck a £118m deal to sell its gold and silver refining business to Japanese precious metals firm Asahi Holdings. All in cash and subject to the usual post-closing adjustments, the deal is expected to be completed by the end of March next year. Johnson Matthey chief [...]
Bain acquires British brick maker December 15, 2014 US PRIVATE equity giant Bain Capital yesterday acquired one of Britain’s oldest and largest brick makers from Irish building products firm CRH in a deal worth £414m. The FTSE 100-listed CRH announced it had reached an agreement to sell its clay and concrete businesses in the UK and its clay business in the US to [...]
