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H.I.G. Capital-backed Surgery Center to buy Symbion Holdings

Surgery Center Holdings, backed by H.I.G. Capital, has agreed to acquire Crestview Partners-backed Symbion Holdings Corporation for a total purchase price of $792 million. The deal is subject to closing conditions and regulatory approvals. The combination will create a portfolio of about 100 healthcare facilities.

MidOcean and Crestview Sell OneLink

MidOcean Partners and Crestview Partners are to sell OneLink Communications for an enterprise value of $585.25 million. Liberty Global and Searchlight Capital Partners will be acquiring the business which provides cable TV, high-speed data and telephony services in Puerto Rico. MidOcean and Crestview, together with co-investors and management, acquired OneLink in October 2005 from Adelphia […]

NAFH To Buy 90.1% of Green Bankshares for $217 Mln

North American Financial Holdings has agreed to buy a 90.1% stake in Green Bankshares for $217 million. NAFH is a is a “blind pool” that raised $900 million in 2009. Investors include Crestview Partners and Falfurrias Capital Partners. Green Bankshares, of Greeneville, Tenn., is parent of GreenBank which has $2.4 billion in assets and 65 branches.

Reuters: Carlyle-Controlled Insight Communications Up for Sale

NEW YORK (Reuters) – Insight Communications Co., controlled by The Carlyle Group, has put itself up for auction, seeking a deal valuing the U.S. cable operator at up to $4 billion, people close to the deal told Reuters. Insight, the tenth largest cable operator in the United States according to Carlyle’s website, has hired Bank […]

Poll Results: 55% Think Del Monte Should Go Up for Sale Again

And the results are in!

Yesterday, we asked you whether Del Monte should go up for sale again. The poll follows a Delaware judge’s decision to delay a shareholder vote on the sale of the company to a KKR-led group. The judge was highly critical of Barclay’s handling of the sale (Barclays wasn’t named as a defendant, but it did advise Del Monte on the sale, provided debt financing for the buyers and ran the go-shop). The ruling has become the talk of Wall Street with Barclays’s rivals taking swipes at the IB, although they do the same thing and often play both sides of a deal.

So we had to ask: should Del Monte go up for sale again? As of midnight Thursday, you’re split on this. A little more than half, 55%, do think Del Monte should be reshopped. But 45% think the company shouldn’t be.

Cumulus In Talks to Buy Citadel for $37 a Share

Cumulus Media, the radio broadcaster, is in talks to buy Citadel Broadcasting Corp. for $37 a share in cash and stock. Crestview Partners and Macquarie Capital are expected to provide up to $500 million in equity financing. UBS and Macquarie Capital are seen providing debt financing, a statement said. JP Morgan and Lazard are acting as financial advisors to Citadel. UBS is advising Cumulus.

Crestview Partners Buys Into Oil Services Company

Crestview Partners has invested $125 million into oil services company SES Holdings LLC, which operates both Select Energy Services LLC and Bell Supply Company. The deal gives Crestview a 45% equity stake, plus the option to invest an additional $50 million at the same valuation and terms.

Insight Communications Adds PE Sponsors

Crestview Partners and MidOcean Partners have agreed to acquire a combined 42% equity position in Insight Communications Company Inc., the nation’s ninth-largest cable operator. Sellers include The Carlyle Group, which will retain a 42% equity stake.

Ex-BoA Exec Raising Bank Deal Fund

NEW YORK/CHARLOTTE, N.C. (Reuters) – Former Bank of America Corp (BAC.N) Vice Chairman Gene Taylor is putting together a fund to invest in U.S. banks after a bid to inject capital into a small Florida bank fell apart, sources familiar with the matter said. Taylor is backed by Crestview Partners LP, the sources said, declining […]

Private Equity Firms To Invest In First Southern

CHICAGO (Reuters) – Three private equity firms have agreed to invest up to $450 million in First Southern Bancorp Inc, giving them control of a small Florida lender that could be used to acquire more banks. The agreement in principle with affiliates of Fortress Investment Group LLC (FIG.N), Crestview Partners LP and Lightyear Capital calls […]

AIG Asset Management Biz Down To One Bidding Group

(Reuters) – American International Group Inc (AIG.N) is in exclusive talks with a bidding group including Franklin Resources Inc (BEN.N) and Crestview Partners LP for its asset management business, sources familiar with the matter said on Wednesday. The asset management business being sold rests within AIG Investments. If a deal is reached, Franklin, which manages […]

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