Security firm Trusteer was acquired by IBM to expand their business in cybersecurity. IBM announced Thursday that it had agreed to purchase Israel startup Trusteer.
Investors
Silver Lake to purchase financial software firm BlackLine
Silver Lake Sumeru announced it would acquire a majority stake in BlackLine Systems, an accounting software company.
Leonard Green explores sale of Brickman
Leonard Green is exploring sale of Brickman, which is valued at about USD1.5 billion. Los Angeles private equity company, Leonard Green & Partners LP had asked Barclays and Morgan Stanley to handle an auction for Brickman Group Holdings Inc.
Harris and Blitzer buy New Jersey Devils
David Blitzer and Joshua Harris just purchased the New Jersey Devils hockey team. David Blitzer, Senior Managing Director of Blackstone Group and Joshua Harris, co-Founder of Apollo Global Management just bought the New Jersey Devils hockey team from former Lehman Brothers executive, Jeffrey Vanderbeek's ownership controlled group.
Kelso in advance talks to sell Custom Building Products to Quikrete
Kelso in advance talks to sell Custom Building Products in what could be a multi-million dollar buyout.
Latest News
Political unrest in Egypt affected both small-scale and large scale business. Observers fear it would get even worse.
Supremex announced the termination of its talks with Clarke Inc about a possible deal to go private.
Goode Partners' backed restaurant group Rosa Mexicano appointed Tom Dillon as its new President and CEO.
Worldwide Marketing Services firm Publicis Groupe acquired Enguage Marketing from Halyard Capital. Halyard Capital sold its portfolio company Engauge Marketing to Publicis Groupe.
NanoTech Entertainment said the combination of acquisitions and new products would drive the company's growth in the future as posted impressive revenues in the most recent quarter.
Omega Advisors Inc sold its shares in Facebook and precious metals' companies and bought Apple shares after Apple's decline.
Praesidian Capital invested in Meheen Manufacturing through a first lien debt worth USD 11.25 million.
Sources said Hilton Worldwide was preparing for a debt refinancing package worth USD 12 billion before its IPO next year.
George Soros added another 2 million shares to his JC Penney portfolio while other investors exited or reduced their holdings.
