DTS to acquire PE-backed iBiquity Digital Corp for about $172 mln

DTS Inc has agreed to buy iBiquity Digital Corp, a maker of digital HD radio technology for AM/FM audio and data broadcasting. The price of the deal is about $172 million. Centerview Partners provided financial advice to DTS on the transaction while Moelis & Company LLC served as financial advisor to iBiquity. IBiquity was backed by Columbia Partners Private Capital.

Sentinel Capital exists IEP Technologies

Sentinel Capital Partners has sold IEP Technologies to HOERBIGER Group. No financial terms were disclosed. Based in Marlborough, Massachusetts, IEP is a provider of explosion protection systems and services.

GE Capital supports CIS recap and its buy of Futures Behavior Therapy Center

GE Capital has provided a $55 million credit facility to recapitalize the Community Intervention Services‘ balance sheet. The financing will also be used to back CIS’s acquisition of Futures Behavior Therapy Center LLC. Austin, Texas-based CIS is a behavioral health services provider that was co-founded by H.I.G. Growth. And, based in Beverly, Massachusetts, Futures Behavior Therapy Center is a provider of treatment and education services for children with autism spectrum disorders and other developmental disabilities.


DTZ closes Cushman & Wakefield buy

DTZ has closed its acquisition of Cushman & Wakefield, a commercial real estate services group. The deal was announced in May. DTZ is backed by TPG Capital, PAG Asia Capital and the Ontario Teachers’ Pension Plan.


Warburg-backed Navitas buys Midland Basin assets

Navitas Midstream Partners LLC said Tuesday that it has acquired natural gas gathering and processing assets serving Martin, Midland and Glasscock counties in Texas. DCP Midstream LLC was the seller. Navitas is a portfolio company of Warburg Pincus.

GTCR closes Capella Healthcare sale

GTCR said Tuesday it closed its previously announced sale of Capella Healthcare Inc. to Medical Properties Trust Inc. for $900 million cash. Franklin, Tennessee-based Capella owns and/or operates acute care and specialty hospital facilities in six states. Citi served as financial advisor to Capella/GTCR.

Riverside-backed Simcro buys ISL assets and NJP shares

Simcro Limited, a portfolio company of The Riverside Company, has bought the assets of New Zealand-based ISL Animal Health and the shares of Australia-based NJ Phillips Pty Ltd. No financial terms were disclosed. The transaction creates a company that will produce and distribute animal health-delivery systems mostly used for production animals in export markets.


Aberdeen completes FLAG acquisition

Scotland-based investment management firm Aberdeen Asset Management PLC has closed its previously announced buy of FLAG Capital Management, a provider of private equity and real asset solutions. No financial terms were disclosed.


PE-backed Trimb to buy YouMedical

Trimb Healthcare AB, which is backed by Avista Capital Partners, has agreed to acquire YouMedical Group BV. Based in Amsterdam, YouMedical is a provider of healthcare solutions.


Ashley Madison courted several buyers, landed none before attack: Reuters

The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks, Reuters News reported.

Lund International buys TonnoPro’s assets

Lund International, which is backed by Highlander Partners LP, has acquired TonnoPro’s operating assets. No financial terms were disclosed. Based in Surprise, Arizona, TonnoPro is a maker of tonneau covers for light trucks.

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