Nassau Reinsurance to buy Traditional Insurance business of Universal American

Universal American Corp. has agreed to sell its Traditional Insurance business to Nassau Reinsurance Group Holdings LP for about $43 million. Universal American’s Traditional Insurance business includes its Medicare Supplement, Long Term Care, Disability, Life, and other ancillary insurance products, all of which have been in run-off since 2012. Nassau is backed by Golden Gate Capital.


Madison Dearborn to sell Aderant for $675 mln

Roper Technologies said Thursday that it has agreed to buy Aderant Holdings Inc. in a deal valued at $675 million. Madison Dearborn Partners was the seller. Atlanta-based Aderant provides business management software for legal and other professional services firms. Lazard advised Madison Dearborn.


Thoma Bravo sells Embarcadero Technologies to Idera

Thoma Bravo has sold San Francisco-based Embarcadero Technologies, a provider of software solutions for application and database development, to Idera Inc. No financial terms were disclosed for the deal that’s expected to be completed the middle of this month. Jefferies & Company Inc provided financial advice to Thoma Bravo on the transaction.

Pharos-backed MOTION buys Bradley & Monson Physical Therapy

MOTION PT Holdings Inc, which is backed by Pharos Capital Group, has acquired Bradley & Monson Physical Therapy. No financial terms were disclosed. Bradley & Monson is a provider of physical therapy, massage, independent fitness workouts and other customized services.

CyberArk buys VC-backed Viewfinity for $30.5 mln

CyberArk has acquired Waltham, Massachusetts-based Viewfinity Inc, a provider of privilege management and application control software, for $30.5 million in cash. The deal is expected to be completed in the fourth quarter of this year. Viewfinity’s backers included Longworth Venture Partners, Giza Venture Capital and JK&B Capital.

NTVB Media acquires TV Guide from OpenGate Capital

OpenGate Capital has sold TV Guide Magazine, a provider of news and information about television programs, to NTVB Media. Also included in the sale is TV Guide’s digital platform TV Insider. No financial terms were disclosed. In late 2008, OpenGate acquired TV Guide Magazine from Rovi Corp.


Pandora to buy VC-backed Ticketfly for about $450 mln

Music discovery platform Pandora has agreed to acquire San Francisco-based ticketing platform Ticketfly for about $450 million. Ticketfly’s backers included Sapphire Ventures, Riverwood Capital, Northgate Capital and Cross Creek Capital.

Hepalink USA buys Cytovance Biologics for $205.68 mln

Hepalink USA Inc. has acquired Cytovance Biologics Inc., a portfolio company of Great Point Partners, for $205.68 million in cash. Oklahoma City-based Cytovance makes protein and antibody drugs for biotechnology and pharmaceutical companies.


TSG Consumer Partners to exit Stumptown Coffee Roasters

Peet’s Coffee & Tea has agreed to buy Stumptown Coffee Roasters. Financial terms weren’t announced. TSG Consumer Partners LLC, which owned a majority, was one of the sellers. Portland-based Stumptown operates 10 retail cafes in Portland, Seattle, New York, and Los Angeles, together with roasting facilities in each city.

Digital Guardian buys VC-backed Code Green Networks

Digital Guardian has acquired Sunnyvale, California-based Code Green Networks, a provider of data loss prevention solutions for network, cloud and mobile devices. No financial terms were disclosed. Digital Guardian’s investors include GE Pension Trust, Fairhaven Capital and Brookline Venture Partners while Code Green Networks was backed by Bay Partners, SV Angel and Sierra Ventures.

RoundTable to exit Excelsior for $59.9 mln

RoundTable Healthcare Partners has agreed to sell Excelsior Medical Corp to ICU Medical for $59.5 million. Based in Neptune, New Jersey, Excelsior is a maker of healthcare devices used to disinfect and protect access into a patient’s bloodstream.


CD&R to exit PharMEDium Healthcare in $2.575 bln sale

AmerisourceBergen said Tuesday that it has agreed to buy PharMEDium Healthcare Holdings Inc. for $2.575 billion in cash, subject to certain adjustments. Clayton, Dubilier & Rice is the seller. Lake Forest, Illinois-based PharMEDium provides outsourced compounded sterile preparations (CSPs) to acute care hospitals. Morgan Stanley & Co. LLC acted as financial advisor to AmerisourceBergen while J.P. Morgan Securities LLC and Credit Suisse advised PharMEDium.

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