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Internet Brands Acquisition Worth $1.1 Billion, Says Report

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The acquisition this morning of El Segundo-based Internet Brands by KKR is worth a cool $1.1 KKR is buying Internet Brands from current private equity owners Hellman & Friedman and JMI Equity, who paid around $640M for Internet Brands back in 2010. billion, according to a report from the New York Times. READ MORE>>.

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DivX Acquired By Private Equity Group

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San Diego-based DivX , the developer of digital video encoding and decoding technology has been acquired by private equity firms Parallax Capital Partners and StepStone Group , the companies said yesterday, in a deal worth $75M in cash plus earnout. rovi divx mainconcept entertainment software merger acquisition private equity'

Equity 147
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Platinum Equity Merges Two Portfolio Firms

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Los Angeles-based private equity firm Platinum Equity said Tuesday that it is merging two of its portfolio firms, Pomeroy IT Solutions Inc. Platinum acquired Pomeroy in November of 2009, and acquired OAO Technology Solutions in January of 2010. Tags: acquisition merger equity platinum. and OAO Technology Solutions.

Equity 145
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Internet Brands Acquired By KKR

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El Segundo-based Internet Brands said this morning that it is being acquired by private equity firm KKR , from its current owners, Hellman & Friedman and JMI Equity. Hellman & Friedman and JMI Equity had acquired Internet Brands back in 2010, paying $640M for the company. READ MORE>>.

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Levine Leichtman Sells Luminator Technology Group

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Los Angeles-based private equity investor Levine Leichtman Capital Partners said Monday that it has sold its portfolio company Luminator Technology Group (LTG) to Audax Group. Levine Leichtman has owned Luminator Technology Group since 2010. levine leichtman private equity merger acquisition luminator technology group'

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Source Photonics Sold By Francisco Partners

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West Hills-based optical components maker Source Photonics , which was owned by Francisco Partners , has been sold, to a private equity group led by Redview Capital and Asia-IO, and also including TR Capital, Axiom Asia and Aberdeen Asset Management. Financial terms of the acquisition were not announced.

Equity 100
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Intuit Sells Intuit Financial Services For $1.025 Billion

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Financial software provider Intuit has sold its Intuit Financial Services business--which is based in Woodland Hills--to private equity firm Thoma Bravo. Intuit Financial Services is made of of what was formerly Digital Insight; Intuit renamed Digital Insight to Intuit Financial Services in March of 2010. READ MORE>>.