Gen-Probe Pays $53M for GTI Diagnostics

Publicly traded Gen-Probe has paid $53 million in cash for GTI Diagnostics. Gen-Probe bought the company from private equity firm the Riverside Company. GTI has operations in Milwaukee and Waukesha, Wis., and manufactures the human leukocyte antigen antibody detection products. San Diego-based Gen-Probe is a specialty diagnostics company focused on the transplantation, blood bank and specialty coagulation markets.

Riverside Expects Year-End Deal Surge

The ever-prolific Riverside Company is expecting a flurry of deal activity by year end, according to Co-CEO Béla Szigethy.

Szigethy told Buyouts in an interview for an unrelated story that the firm expects to buy up to six new platform companies and put around $200 million of equity to work by year end.

Eric Keen Leaves Riverside Company for DW Healthcare Partners

Eric Keen has left left the Riverside Company, where he was VP, to join DW Healthcare Partners as a VP. PRESS RELEASE:  Park City, Utah,  September 20, 2010 – DW Healthcare Partners (DWHP), a healthcare focused private equity firm with over $250 million in committed capital under management, today announced that Mr. Eric Keen, former Vice President with […]

Riverside Sells CLC

The Riverside Company has sold Commonwealth Laminating & Coating Inc. to an “undisclosed group of investors.” No financial terms were disclosed, although Riverside said the deal produced a 10x cash-on-cash return. CLC is a Virginia-based maker and distributor of window film used for solar protection, aesthetics and security.

Veritext Switches Sponsors

The Riverside Company has sold Veritext Holding Co., a provider of deposition and litigation support services to law firms, to Investcorp. No financial terms were disclosed.

Riverside Co. Sells Entrix

The Riverside Co. has sold Houston-based environmental consultancy Entrix Inc. to Cardno Ltd. (ASX: CDD). No financial terms were disclosed, except that Riverside reports a 20% gross IRR and 2.8% gross cash-on-cash return.

Riverside Company Buys Japan’s NAKA & Co

The Riverside Co. has acquired NAKA & Co. Ltd., a Japanese maker of crystal oscillators and crystal units used for microwave backhaul equipment and base stations for mobile communications. No financial terms were disclosed.

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