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.

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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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How to break into private equity

The big topic at the Columbia Business School Private Equity & Venture Capital Conference last week didn’t concern LBOs or Dell’s $24.4 billion take-private. Getting a job in PE was a major issue facing MBA students.

GTCR to Acquire NewWave Communications from Pamlico Capital

GTCR has entered into a definitive agreement to acquire NewWave Communications from Pamlico Capital. The acquisition will be completed through GTCR`s previously established partnership with Rural Broadband Investments. GTCR and Spencer formed RBI in 2012 with the purpose of acquiring broadband infrastructure assets in small and mid-sized communities.

ArthroCad Closes Series A Round

ArthroCAD said Monday that it completed a Series A round from investors including Edgar Jannotta, a former GTCR managing principal. Financial terms weren’t disclosed. Ayer, Mass.-based ArthroCad develops medical devices used in joint replacement procedures.

Payment Alliance Goes Up for Sale

Payment Alliance International is up for sale and expected to draw bids from middle market private equity firms, three sources say. Bank of America Merrill Lynch is advising on the auction

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