Tag Archives: Barclays Private Equity Limited
Online Fuel Hedging Company Pricelock Raises $12 Million
Pricelock is an online fuel hedging company that has raised $12 million in Series B funding. The investment was provided by Barclays, RenaissanceRe Ventures, and Travelers Insurance. Artiman Ventures, a previous investor, participated in this round as well. Pricelock allows small and medium-sized businesses to control fuel costs. “Each month if the National Average fuel price goes above your Protection Price, Pricelock transfers the difference straight into your bank account. If prices go below your Protection Price, you do not get a pay-out but since you are not pre-purchasing fuel you are benefitting from the lower price at the pump,” states Pricelock in the demo video below:
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ERP Software Company Lawson Receives $1.8 Billion Bid From Infor Global and Golden Gate Capital
Lawson Software, Inc. (NASDAQ:LWSN) has received a $1.8 billion bid from Infor Global Solutions and buyout company Golden Gate Capital. Infor and Golden Gate would pay $11.25 per share, a 2.5% discount from the company’s closing price on Friday of $11.55. Lawson hired Barclays Capital to explore a potential sale, but the board has not agreed whether they want to sell or not yet. Lawson is based in St. Paul, Minnesota and they make ERP software for companies in the retail, health care, and food sectors. The company has a market cap of about $2 billion. The company has $228.1 million of long-term debt as of November 30. Carl Icahn has 8.3% ownership in Lawson. [NY Times]
Kaboose Assets Being Sold To Disney and Barclays
Disney Interactive Media Group (DIMG) has acquired a majority of the assets that belong to Kaboose. This includes Kaboose.com, AmazingMoms.com, Funschool.com, BabyZone.com and Zeeks.com. Disney bought it for $18.4 million (CAD23.3 million). Kaboose is based in Toronto, Ontario and was founded about 10 years ago.
Kaboose acquired AmazingMoms.com for $750,000 in April 2007.
Disney plans to integrate it with their already existing online properties. According to comScore, Kaboose’s assets receive about 27.6 million unique visitors per month. Kaboose.com itself receive about 5 million unique visitors this past February.
In a separate transaction, Barclays Private Equity Limited is buying Bounty Group Limited, the UK business of Kaboose for $97 million in cash. Bounty Group has about $18 million in debt.
Both acquisitions will take place as long as shareholders approve.
[via TechCrunch]