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The Wall Street Journal Mentions Sorenson Investment in Mindshare Technologies

Sorenson Capital Putting $20 Million into Mindshare Technologies

October 4, 2011 — by Hillary Canada

This article was first posted on the Wall Street Journal's website. The original posting can be seen here.


Here's a look at the top stories in today's LBO Wire:

Hellman & Friedman and Carlyle Group are putting $1.8 billion worth of equity into the Pharmaceutical Product Development Deal, amounting to nearly half of the $3.9 billion purchase price.

Centerbridge Partners is harvesting profits from the sale of grain storage and livestock feed equipment maker GSI Holdings Corp. After four years of ownership, the firm agreed to sell GSI to Agco Corp. for $940 million.

CI Capital Partners has found its latest corporate carve-out within Aramark Corp. . . . With the first close of its sixth vehicle, Leonard Green & Partners is more than 40% of the way toward its target . . . Sorenson Capital is putting $20 million into customer survey company Mindshare Technologies.

(LBO Wire is a daily newsletter with comprehensive analysis of all the investments, deals, fund raisings and personnel moves involving private equity firms. For a two-week trial, click here.)

Elsewhere on the web:

Just as celebrities seem to die in threes, it seems multi-billion dollar deals seem to come in pairs. The same day that Carlyle and Hellman announced their $3.9 billion deal for PPD, a group led by Apax Partners agreed to pay $6.5 billion for wound-care company Kinetic Concepts Inc. Interestingly, though that deal is nearly twice the size of the PPD deal, the investors are putting in less equity–$1.75 billion compared with the $1.8 billion for PPD.

The Public-Private Investment Program, launched in early 2009 as a way to take toxic securities off the balance sheet of struggling banks, is back in the spotlight as one program participant, Invesco Ltd., revealed it stopped investing in the assets more than a year ago. Invesco Chairman Wilbur Ross is pushing to free up the remaining capital in its fund to invest in whole loans rather than the pooled assets available through the PPIP, The Wall Street Journal reports.

With stock market gyrations pushing down valuations, General Atlantic is eyeing a number of acquisition opportunities in India in the Internet, logistics and financial spaces, Managing Director Ranjit Pandit tells Bloomberg Businessweek.

Panelists at the recent Dow Jones Private Equity Analyst Conference in New York agreed that the trouble in Europe had created fairly attractive investment opportunities. However, as Reuters notes, the appeal of quashed valuations in the short term may lead to headaches in the long term, at least when it comes to investing in European banks.



About Mindshare Technologies
Mindshare drives operational improvement. Using Mindshare, companies improve operational excellence, foster consumer satisfaction, build customer loyalty, and support employee retention. Our industry experts guide clients in building comprehensive enterprise feedback management (EFM) solutions. Mindshare's proprietary survey technology captures the voice of the customer in real-time and immediately transforms it into actionable intelligence through powerful and incisive reporting. Mindshare serves more than 25 different industries including travel, hospitality, restaurant, financial, salon, automotive, and retail. For information, visit www.mshare.net.