Caritor Closes Keane Buyout

Caritor Inc., a San Ramon, Calif.-based IT services provider, has completed its $14.30 per share buyout of outsourcing company Keane Inc. (NYSE: KEA). The total deal was valued at approximately $854 million, with Caritor receiving equity financing from existing shareholder Citigroup Venture Capital International and leveraged financing from Citigroup Global Markets, UBS Securities and Bank of America Securities.