VCJ Staff

Providence Equity Partners and TA Associates have acquired minority stakes in Idea Cellular Ltd., a provider of wireless communications services in India. Each deal was transacted separately. No financial terms were disclosed, but a source close to Providence says that it paid $400 million for a 15% position. TA would not disclose specific numbers, except […]

HCA shareholders will still be allowed to vote on a proposed $21 billion buyout on Nov. 16, after a Tennessee judge rules against six shareholder groups that had been seeking a delay. The groups had alleged that the offer is unfairly low, but the judge ruled that they had failed to prove their case. One […]

Texas Pacific Group has dropped out of the bidding for H-3C, according to Dow Jones. That leaves Silver Lake Partners and Bain Capital as the remaining suitors for H-3C, which is a China-based joint venture between 3Com and Huawei Technologies Co. The deal is expected to be worth between $1.5 billion and $2 billion, with the […]

The Riverside Company has acquired Agens Holding BV, a Dutch provider of unemployment-to-work services. No financial terms were disclosed. www.riversidecompany.com www.agens.nl

LLR Partners announced that it is part of the group that has acquired Franklin Mint Co., a Philadelphia-based collectibles company. The deal was led by Steve Sisskind and Moshe Malamud, who run coin and stamp marketing company Morgan Mint Inc. www.llrpartners.com www.franklinmint.com

Promerica Bank, a new commercial bank in California focused on the Hispanic market, has agreed to receive an undisclosed amount of private equity funding from Palladium Equity Partners. www.palladiumequity.com

InterMedia Partners of New York has agreed to buy Puerto Rican television station WAPA-TV from LIN TV Corp. (NYSE: TVL). The deal is valued at $130 million in cash, and also includes the acquisition of WJPX-TV (programmed as MTV in Puerto Rico) and WAPA America (cable/satellite channel targeting Hispanics in mainland U.S.).

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I have been a skeptic of venture capital involvement with podcasting companies since day one, even if day one wasn’t all that long ago. I just struggle to see venture-type ROI for most of these deals, unless they can be flipped before Yahoo, Google, etc. put down their tall glasses of content Kool-Aid. This isn’t […]

The secondary market has many more competitors than it did when Marleen Groen founded Greenpark Capital Ltd. in 2000, and new competitors are crowding the market all the time. But Groen is accustomed to challenges. She once climbed Mt. Kilimanjaro to raise money for charity. Compared to that feat, raising her second fund ($444 million) […]