judge
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Judge to consider dismissing buyout lawsuit against GTCR

A U.S. District Court judge is scheduled next month to consider dismissing a suit filed against GTCR by Universal American Corporation for allegedly providing misleading information about the financial condition of APS Healthcare prior to its agreeing to buy the company from GTCR.

PE-backed AssuredPartners acquires CBS Coverage Group

AssuredPartners, a portfolio company of GTCR, has acquired CBS Coverage Group. No financial terms were disclosed. Based in Plainview, NY, CBS Coverage Group is a provider of commercial insurance, employee benefits, financial planning services and personal insurance.

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GTCR-backed AssuredPartners buys Landry Harris

AssuredPartners, a portfolio company of GTCR, has acquired Landry Harris & Co. No financial terms were disclosed. Based in Lafayette, Louisiana, Landry Harris is a provider of commercial insurance, bonds, employee benefit programs and personal insurance.

315 Views

GTCR agrees to buy Vocus for about $446.5 mln

GTCR has agreed to acquire Vocus for approximately $446.5 million in cash. According to terms of the agreement, GTCR will acquire all of the outstanding shares of Vocus’s common stock for $18 per share. Stifel is serving as financial advisor on the transaction. Based in Beltsville, Maryland, Vocus is a provider of cloud marketing software.

GTCR-backed RBI completes add-on acquisition

Rural Broadband Investments, a portfolio company of GTCR, has completed the acquisition of City Cable from The City of Poplar Bluff, Missouri. No financial terms were disclosed. RBC Capital Markets advised RBI and GTCR on the transaction.

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GTCR’s Sterigenics agrees to buy Nordion for about $727 mln

Sterigenics, a portfolio company of GTCR, has agreed to acquire Nordion for approximately $727 million. According to the agreement, shareholders will receive a cash consideration of $11.75 per share. Jefferies is advising Nordion on the transaction. Based in Ottawa, Ontario, Nordion is a provider of products and services for the health science sector.

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peHUB First Read

It’s Friday, and it’s warming up in the East. We have news that immersive virtual reality may be sexist, Pinterest accounts have been hacked, Bruce Rauner gets attacked on ‘pay-to-play’ in Illinois governor race and MSNBC is in serious trouble.

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peHUB First Read

Read all about the latest midweek news including research on PE fund reporting, the latest on Monitor Clipper’s fourth buyout fund and how co-investments may help managers in the quest for higher returns and lower fees.

209 Views

GTCR to invest up to $300 mln in Maravai

GTCR has teamed up with Carl Hull and Eric Tardif to launch Maravai Life Sciences. Based in San Diego, Calif., Marvai will focus on acquiring companies and products in the diagnostics and life sciences sector. Hull and Tardit are the former CEO and senior vice president of Gen-Probe respectively. GTCR has committed to investing up to $300 million in Maravai.

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GTCR’s Sterigenics International acquires Food Technology Service

Sterigenics International, a provider of outsourced contract sterilization services and a portfolio company of GTCR, has acquired Food Technology Service. Food Technology Service owns and operates an irradiation facility located in Mulberry, Florida that uses gamma radiation to provide contract sterilization services to the medical device, packaging and food industries.

GTCR Closes Cable Management Associates Deal

GTCR has simultaneously signed and closed the acquisition of Cable Management Associates, a subsidiary of privately held Etan Industries. The acquisition was completed through GTCR’s previously established partnership with Rural Broadband Investments.

GTCR’s Aligned Appoints Director of Institutional Investments

Aligned Asset Managers, a portfolio company of private equity firm GTCR, has appointed R. Barney Walker the director of institutional investments. Walker will drive Aligned’s distribution and client service activities for its member firms. He has extensive industry contacts in the institutional marketplace and will also assist Aligned in sourcing new potential investments.

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