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Zimmer to buy PE-backed Biomet for $13.35 bln

Medical device maker Zimmer Holdings Inc said it would buy orthopedic products company Biomet Inc in a deal valued at about $13.35 billion to broaden its portfolio of products that treat bone and joint-related disorders.

Reuters – KAR Auction Exploring Buyout Opportunities

Vehicle auction company KAR Auction Services has held exploratory talks with private equity firms about a potential leveraged buyout, writes Reuters. The deal could top $4 billion, according to Reuters’ sources. Kelso & Co, Goldman Sachs Capital Partners, ValueAct Capital LLC and Parthenon Capital LLC, which collectively own about 78 percent of KAR, have reached […]

USI Insurance Inks Buy of TD Insurance

USI Insurance Services, which is backed by Goldman Sachs Capital Partners, has agreed to buy TD Insurance, a unit of TD Bank. Financial terms were not announced. TD Insurance is a bank-owned insurance agency and brokerage firm in the U.S. that offers insurance and employee benefits products and services. The deal, which is expected to […]

USI Insurance Buys Lynch, Beretta

USI Insurance Partners, which is backed by Goldman Sachs Capital Partners, has completed its buy of Lynch, Beretta and Bucci Insurance. Financial terms weren’t announced. Lynch, Beretta, of Pawtucket, R.I., is a property and casualty insurance agency. PRESS RELEASE USI Insurance Services (“USI”), announced today the closing of the acquisition of Lynch, Beretta and Bucci […]

USI Buys National Insurance Specialists

USI Insurance Services, which is backed by Goldman Sachs Capital Partners, has acquired certain assets of National Insurance Specialists. Financial terms weren’t disclosed. The buy is expected to contribute approximately $1.6 million in revenues to USI on an annual basis. PRESS RELEASE USI Insurance Services (“USI”) today announced the closing of the acquisition of certain […]

ISS Plans IPO Relaunch for 2015

Danish services firm ISS plans to relaunch its initial public offering in 2015 after a failed attempt last year, writes Reuters. ISS has been owned by Swedish private equity investment group EQT and Goldman Sachs Capital Partners since 2005. Reuters – Danish services firm ISS plans to relaunch its initial public offering in 2015 after […]

USI Insurance Buys The Pinnacle Group

USI Insurance Services, which is backed by Goldman Sachs Capital Partners, has bought most of the assets of The Pinnacle Group. Financial terms weren’t announced. Virginia Beach, Va.-based Pijnacle is an employee benefits consulting firm specializing in middle-market business. The company is expected to contribute about $3.3 million in annual revenues to USI. PRESS RELEASE […]

Cequel to Make $440 Mln Payout to Investors including Quadrangle, GS Capital and Oaktree

The Quadrangle Group is getting some good news.

Today, Cequel Communications Holdings I said that it plans to refinance an existing $2.525 billion loan with a new $2.7 billion credit facility. The new loan will consist of a $500 million revolver and a $2.2 billion term loan B. Proceeds will be used to fund a $370 million distribution in March PLUS another payout of $70 million in May, according to the statement.

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