Tagged With "Capital"
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TPx acquired by Siris Capital
TPx Communications has been acquired by affiliates of Siris Capital, a private equity firm. In conjunction with the close of the acquisition, Richard A. Jalkut, TPx's CEO and chairman, announced his retirement. Siris Executive Partner Joseph A. Cozzolino will serve as executive chairman of the board of TPx and as interim CEO. Cozzolino will lead the process to identify and select a permanent CEO with the appropriate experience and qualifications to drive TPx's next phase of growth. Prior to...
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Capital Document Solutions receives leading honour at Konica Minolta awards event
(from L-R): Former England and British and Irish Lions international, Martin Bayfield; directors John Campbell and Ronnie Melvin of Capital Document Solutions; and, Neil Dingley, managing director at Konica Minolta Global technology giant Konica Minolta has presented one of its top accolades to Capital Document Solutions as part of its annual partner awards ceremony. Capital joined the exclusive Millionaires Club, having been named as one of the best performing dealers, based on its annual...
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Office equipment dealer announces partnership with Ricoh
Capital Business Systems, an independent office equipment dealer with offices in Grand Junction, has become an authorized Ricoh branded dealer partner. The partnership with Ricoh will enable Capital Business Systems to provide customers with...
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GE Capital Expands Sharp Electronics Relationship to Support Growth in Office Imaging Equipment
CHICAGO, Jun 26, 2014 (BUSINESS WIRE) -- GE Capital’s Commercial Distribution Finance (CDF) business announced today that it will begin providing floorplan financing to dealers that stock Sharp Electronics Corp.’s office imaging (OI) equipment. CDF has been providing financing to Sharp’s consumer electronics dealers for 25 years. “Our goal is to demonstrate Sharp’s continued commitment to the OI dealer channel,” said Dan Wynne, director of B2B channel marketing at Sharp. “We know that...
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Brook Venture Partners and Blue Heron Capital, LLC Complete Investment in PC Network Services, Inc.
SEWICKLEY, PA. — PC Network Services, Inc. (“PCNS&rdquo , a full service provider of outsourced IT solutions and managed services, announced today that Brook Venture Partners has led an investment in the firm with co-investors Blue Heron Capital, an operationally focused private equity firm based in Richmond, VA and Prides Crossing Capital of Wakefield, MA. Cogent Growth Partners, a Mergers & Acquisitions consultancy focused upon the IT Services industry, assisted in sourcing the...
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DSS and Contegix Combine to Form Cloud Services Leader
DSS and Contegix Combine to Form Cloud Services Leader November 29, 2016 07:00 AM Eastern Standard Time READING, Pa.--( BUSINESS WIRE )--Distributed Systems Services, Inc., (“DSS”), announced today that it has combined with Contegix, LLC, in a joint transaction financed by Strattam Capital, a private equity firm that invests in high-potential business IT companies. DSS is a Reading, PA based IT solutions provider that designs, hosts and manages IT infrastructure solutions for its clients.
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Top 20 Office Equipment Lenders
Top 20 Equipment Lenders Displays the top 20 lenders nationwide for each of EDA's eleven industries, based on financing activity results added by EDA last month. The results are based on all financing statements of sale and lease transactions for new equipment only. U S BANK EQT FIN 1,044 XEROX FIN SVC 1,035 EVERBANK COMMERCIAL FIN INC 565 WELLS FARGO FIN LSG 344 KS STATE BANK 293 C I T BANK 211 KONICA MINOLTA PREMIER FIN 176 LEAF CAPITAL FUNDING 142 IMAGENET CNSLT LLT 94 DATAMAX INC 82...
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Toshiba searches for a new 'spine'
TOKYO -- Toshiba faces something of an identity crisis. Semiconductors have been the conglomerate's cash cow, but it is selling its flash memory unit to shore up its tattered finances. Somehow, the company needs to find a new calling and a new growth strategy. Its best hope may be technology that has been helping the very business it is selling. Toshiba on Sept. 28 signed a formal agreement to unload the memory unit to an American-South Korean-Japanese consortium led by U.S. investment fund...
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DataBank Announces $185 Million Equity Investment from Colony Capital
Dallas, Texas – January 6, 2020 – DataBank , a leading provider of enterprise-class data center, connectivity and managed services, today announced that Colony Capital (NYSE: CLNY) has made a $185 million investment into DataBank through the purchase of secondary equity interests from existing investors Edgewater Funds and Allstate. Allstate will retain 50% of its interests and continue as a DataBank investor, while Edgewater will fully exit from its position. Nuveen will also continue as an...
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Lemongrass Secures $10 Million Series C Financing Round Led by Blue Lagoon Capital
ATLANTA , Jan. 14, 2020 /PRNewswire/ -- Lemongrass Consulting , the leading professional and managed service provider of SAP enterprise applications running on AWS hyperscale cloud infrastructure, today announced it has completed a $10 million Series C round of financing. Blue Lagoon Capital led the investment round with participation from existing investor Columbia Capital. The investment brings Lemongrass's total funding since launching its services to $29.3 million and will enable the...
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Protos Security and Southfield Capital Announce the Strategic Acquisition of Security Resources
GREENWICH, Conn., Aug. 27, 2019 /PRNewswire/ -- Southfield Capital, a premier lower middle market private equity firm, announced today that Protos Security ("Protos"), a tech-enabled managed security services provider, has completed its strategic acquisition of Security Resources ("SRI" or the "Company"), a leading US-based managed security services and direct guard solutions provider. The Company's co-founders, Joseph Malone and Bob Bond, will remain in their existing leadership roles...
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Ntiva and Southfield Capital Announce the Strategic Acquisition of 3Points
GREENWICH, Conn. , Oct. 2, 2019 /PRNewswire/ -- Southfield Capital, a premier lower middle market private equity firm, announced today that Ntiva, Inc., ("Ntiva") a leading provider of managed IT, cloud hosting, cyber security, unified communications, and strategic consulting services, completed the acquisition of 3Points, a Managed IT Services Provider based in Chicago, Illinois . This acquisition, the fifth for Ntiva and their second in the Chicago market, marks the company's continued...
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China regulators open antitrust probe of Toshiba deal -newspaper
Dec 14 (Reuters) - Chinese regulators have opened an antitrust investigation into Toshiba Corp’s $18 billion deal to sell its memory chip unit to a consortium led by Bain Capital LP that includes memory maker SK Hynix, possibly delaying the March closing date Toshiba’s leaders have targeted, the Nikkei Asian Review newspaper reported on Friday. Chinese regulators started their review earlier this month, despite the fact that Toshiba had applied for it in September, when it reached a deal...
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China officials reportedly concerned with Hynix role in Toshiba memory chip deal
BEIJING – Antitrust officials in China’s Ministry of Commerce are concerned about the role SK Hynix Inc. will play in the sale of Toshiba Corp.’s memory chip business as the country commences a review of the deal, according to sources. The officials are looking at the fact that Hynix could take a sizable stake in the business if the sale goes ahead, the sources, who asked to remain anonymous as they weren’t authorized to speak on the matter, said. From Toshiba’s side, they may need to...
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As Toshiba's $18 billion chip unit sale faces tight deadline, IPO looms
The conglomerate agreed last year to sell the world’s second-biggest producer of NAND flash memory chips to a consortium led by U.S. private equity firm Bain Capital to plug a huge financial hole left by the bankruptcy of its U.S. nuclear unit. The company has been aiming to complete the sale by March 31, the end of its business year. It said in September that it would need approval from antimonopoly authorities by March 23 to meet that deadline. Toshiba no longer faces immediate insolvency...
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Toshiba Memory sale delayed by Chinese antitrust probe
As Toshiba has raised enough funds to keep its net worth above zero, some activist investors want it to call off the sale of its money-making memory unit. TOKYO -- The sale of Toshiba 's memory chip arm is stuck in a long-running review from Chinese antitrust authorities, making it unlikely that the deal will close before the end of March as originally planned. Although meeting the deadline is no longer vital to the parent's survival, the delay could fuel opposition among shareholders...
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Apple-Backed Billionaire Makes Case to Buy Toshiba Chip Unit
Terry Gou , the billionaire behind Apple Inc. ’s iPhone factories, is pressing his case to acquire Toshiba Corp. ’s memory chips business for 2.1 trillion yen ($19.5 billion) in a last-ditch effort to beat out two American buyout firms in the tumultuous auction. Gou’s Foxconn Technology Group has broad support for its offer from Apple , SoftBank Group Corp. and Sharp Corp. and is ready to proceed right away, said Louis Woo, a spokesman for the company, whose primary listed arm is Hon Hai...
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Toshiba Eyes Cancelling Chip Unit Sale if No China Approval by May
TOKYO (Reuters) - Japan's Toshiba Corp has decided it will cancel the planned $18.6 billion sale of its memory chip unit if it does not get approval from China's anti-monopoly regulator by May, the Mainichi newspaper said on Sunday. A consortium led by U.S. private equity firm Bain Capital last year won a long and highly contentious battle for the unit, which Toshiba put up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit plunged it into crisis. But...
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Toshiba said to be nearing resolution in Western Digital dispute
SAN FRANCISCO – Toshiba Corp. and Western Digital Corp. are close to settling their legal dispute under an agreement that the U.S. company will drop efforts to block Toshiba’s $18 billion sale of its flash-memory business in exchange for the extension of their joint venture agreements, according to people familiar with the matter. Western Digital plans to end arbitration claims in the U.S. to stop Toshiba from selling the chip business to a consortium led by Bain Capital as part of the...
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Toshiba: the troubles chipping away at its core
Leo Lewis and Kana Inagaki in Tokyo yesterday Earlier this month, after nearly three straight years of nasty surprises, one of Japan’s top analysts on Toshiba asked the company to explain a basic issue about the planned sale of its key asset, but received a blunt response. “We do not proactively disclose that information,” he was told. The company, a 143-year-old conglomerate at the heart of Japan’s supposedly reforming industrial economy, had apparently learnt nothing from a crisis that was...
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LMI Gone to Receivership
Just curious if this has affected anyone. Heard that the equity partners decided to leave the industry. Dang if this can happen with LMI with equity partners it can be a future with many companies being held by the likes of capital partners. Seems also the companies assets are for sale and looking for a buyer
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Canon Announces First Two Value-Added Resellers for ID Card and Label Printer Lines
MELVILLE, N.Y. , Sept. 19, 2019 /PRNewswire/ -- To help drive business and profitability, Canon U.S.A. , Inc., a leader in digital imaging solutions, today announced the addition of two new value-added resellers. Capital Business Systems, one of the largest independent office technology, managed document and network service dealers in the Midwest and Mountain regions, and Symbology Enterprises Inc., a leading integrator of data collection solutions on the east coast, are the first...
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Buchanan Technologies partners with Lightview Capital
GRAPEVINE, Texas (PRWEB) August 19, 2019 With Corporate headquarters located in Grapevine, Texas, and Canadian headquarters in Mississauga, Ontario, Buchanan Technologies focuses on providing IT support and services for corporations around the world. Buchanan employs over 500 diverse and experienced consultants, engineers and architects that consistently deliver cutting-edge solutions for its clients using their global delivery teams. Buchanan Technologies has been a steady force in the...
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Re: Toshiba searches for a new 'spine'
Interesting about IOT and the manufacturing process, gonna have to re read this one.
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Re: Toshiba searches for a new 'spine'
Toshiba announced this week, breakthrough electric vehicle battery technology that will enable a compact car to travel 320 km (190 miles) on a six minute recharge. Available in 2019. Toshiba SCiB batteries are currently in Honda Fit EV and Mitsubishi MiEV cars. I was in a Ford car dealership this week and told them this. Their response was "this is what we have been waiting for!" http://newatlas.com/toshiba-sc...-a6404ae594-89974986
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Re: Toshiba searches for a new 'spine'
Toshiba sold 49.8% of its flash memory business to Bain Capital which includes Apple and Dell as partners. Toshiba still controls 50.2% of the shares and future revenues. The lead to this article omitted this key fact.
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Re: China regulators open antitrust probe of Toshiba deal -newspaper
Toshiba Corp . may have settled its differences with joint venture partner Western Digital Corp . , but the company’s nearly $18 billion sale of Toshiba Memory Corp. is not out of the woods yet, with the Nikkei Asian Review newspaper reporting on Friday that Chinese regulators are investigating the deal for potential antitrust concerns. According to the report, the investigation began earlier this month and could push back Toshiba’s hopeful closing date of March. The Toshiba deal sees TMC...
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Kain Capital Completes Investment in MDLand
Kain Capital LLC announced today it has completed its investment in MDLand , a comprehensive technology platform designed to unify and modernize the healthcare industry’s antiquated and disjointed systems. MDLand equips managed care service providers with the technology needed to work more efficiently and profitably, while improving patient outcomes and generating quality of care performance incentives. Built by physicians, for physicians, MDLand handles everything from scheduling, practice...
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Managed IT services and consultancy firm CNS acquired by Flow Communications
Capital Network Solutions (CNS), a consultancy and managed IT services firm in the cloud, cybersecurity and infrastructure space, has been acquired by cloud transformation provider Flow Communications. The acquisition forms part of Flow’s buy and build strategy, through which it is looking to become a leading provider of secure cloud transformation utilising expertise in cloud, networking and data centers. CNS is a CREST Penetration Company and one of the UK’s leading IASME Cyber Essentials...
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Ntiva and Southfield Capital Announce the Strategic Acquisitions of NetLogicDC and Navakai
GREENWICH, Conn. , Nov. 2, 2021 /PRNewswire/ -- Southfield Capital, a premier lower middle market private equity firm, announced today that Ntiva, Inc., ("Ntiva" or the "Company") a leading provider of managed IT services, strategic consulting, cybersecurity services, cloud services and telecom solutions, has completed the acquisitions of NetLogicDC and Navakai. The transactions represent Ntiva's eleventh and twelfth acquisitions in the U.S., reinforcing the Company's continued growth in the...
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Toshiba to be acquired by Bain?
Toshiba to be acquired by Bain? Effisimo Capital, which is Toshiba’s largest shareholder, announced it will agree to sell its stake to Bain Capital, if the U.S. private equity firm launches an offer to buy entire company, according to Reuters News Service “This basically means it is going to kick off a competitive auction process” Toshiba’s current market capitalization is around $16 billion
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Business community mourns Scottish entrepreneur behind Capital Document Solutions
Tom Flockhart, founder and chief executive of Capital Document Solutions A prominent entrepreneur behind the business which has dominated Scotland’s office equipment sector for over 40 years has died. Tom Flockhart was 73. The father-of-four lost a short battle with cancer. He is survived by his four children Pamela, Stuart, Neil and Lynsey, seven grandchildren, and his partner Mandy. Flockhart was proud of his modest roots as an adopted child growing up in a council house in Prestonpans,...
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Toshiba receives 8 proposals to go private
TOKYO -- Toshiba on Thursday announced it has received 10 proposals from possible buyout sponsors and investors, eight of which suggest going private to increase corporate value. The industrial conglomerate will carefully examine the proposals and narrow them down after the company's annual general meeting on June 28. Nikkei has learned that private equity companies such as KKR and Bain Capital have been considering proposals. However, an acquisition led only by foreign investors would face...
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Group of Japanese firms may join Toshiba buyout bidder
A Japanese investment fund seeking to buy out Toshiba Corp. is asking a group of Japanese companies to join hands to clear the second round of bidding for the troubled conglomerate, people close to the matter said Sunday. By teaming up with domestic companies, the Tokyo-based fund, Japan Industrial Partners, could gain an advantage over other bidders, including U.S. investment fund Bain Capital, in clearing government screening of offers for Toshiba, which is deemed crucial to Japan’s...
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Toshiba turmoil continues
Toshiba turmoil continues Japan investment Corp.(JIC), a potential bidder to buy Toshiba Corp, has expanded its offer to 900 billion yen ($6.11 billion) according to report from Reuters News It is bidding against Japan Industrial Partners JIC group includes Bain Capital and MBK Partners
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Dealer acquisition
Dealer acquisition Mega dealer Pacific Office Automation announced it has acquired Fenton’s Office Solutions, headquartered in Idaho Falls, Idaho Fenton’s serves parts of Idaho, Wyoming and Montana ConnectWise is being put up for sale by its owner, Thoma Bravo, according to a report from CRN magazine Is a large managed IT services provider, headquartered in Tampa, Florida more than 3,000 employees worldwide Was acquired by Thoma Bravo in 2019 Bain Capital, a private equity firm, is rumored...
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Keypoint Intelligence Acquires Sweden-based ProPrintPerformance
Keypoint_Intelligence For Immediate Release Keypoint Intelligence Acquires Sweden-based ProPrintPerformance Acquisition enhances service offerings globally in the production print market May 2, 2023 -- 9AM EDT Fairfield, NJ – Keypoint Intelligence, a global data and market intelligence firm for the digital print and imaging industry, today announced that it has acquired ProPrintPerformance based out of Stockholm, Sweden. With this acquisition, Keypoint Intelligence expands its reach...
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Copier dealer acquisition update
Copier dealer acquisition update Zeno Office Solutions, headquartered in Midland, TX, announced it has acquired UCI Lubbock UCI, headquartered in Amarillo, TX, provides technology and document shredding services Xerox announced that it sold its research center in Mississauga, Canada to Myant Capital Partners of Toronto, Canada but did not announce selling price